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Gas Storage Vital For Southeast Europe Economic Development-EBRD

Τρι, 16 Φεβρουαρίου 2010 - 18:41

Further investment in natural gas storage and associated infrastructure is vital to ensure the energy supply security needed to further the economic development of southeastern Europe, said Riccardo Pulitti, Managing Director For Energy at the European Bank for Reconstruction and Development Tuesday.

Serbia: Wind Farm Near Pancevo

Τρι, 16 Φεβρουαρίου 2010 - 15:04

The city of Pancevo and companies Wellbury-Bela Anta and Balkana have signed a contract to develop two wind farms with a total capacity of 170 MW and counting around 60 wind generators. These investments will total roughly €470 million and the construction is planned to start in spring 2011.

Gazprom to Sell Bulgarian Electricity

Τρι, 16 Φεβρουαρίου 2010 - 15:03

Gazprom Marketing & Trading, a UK-registered wholly-owned subsidiary of the Gazprom Group, will most probably sell electricity generated in Bulgaria, the Standart daily disclosed.

Final Permit Awarded for Nord Stream Pipeline

Τρι, 16 Φεβρουαρίου 2010 - 15:02

The Regional Administrative Agency for Southern Finland has approved Nord Stream’s plan to construct, operate and maintain its gas pipeline along a 374 km route through Finland’s exclusive economic zone.

Cities Prepare for Life With the Electric Car

Τρι, 16 Φεβρουαρίου 2010 - 13:36

If electric cars have any future in the United States, this may be the city where they arrive first. The San Francisco building code will soon be revised to require that new structures be wired for car chargers. Across the street from City Hall, some drivers are already plugging converted hybrids into a row of charging stations.

EU Biofuels Target Could Starve Millions of People

Τρι, 16 Φεβρουαρίου 2010 - 13:33

Millions of people could starve if member states deliver on the EU’s target of sourcing 10% of its transport fuel from biofuels as a way of tackling climate change, argues a new report from ActionAid, an NGO. "The huge expansion in industrial biofuels use must be stopped," said ActionAid's biofuels expert Tim Rice, calling for EU governments to refrain from increasing their use further

IEA Says Emissions Plans Fall Short

Τρι, 16 Φεβρουαρίου 2010 - 13:29

The pledges that countries have made to reduce their CO2 emissions "fall short" of what is needed to reach a key target set at the Copenhagen climate summit last year, according to a study by the International Energy Agency.

Russia's Gazprom Starts Production Of Gas From Coal

Παρ, 12 Φεβρουαρίου 2010 - 19:20

Russian energy monopoly OAO Gazprom (GAZP.RS) launched Friday a project to extract gas from goal, one of Russia's steps into unconventional ways to produce gas.

Kazakhstan Ramps Up Pressure On Foreign Energy Majors

Παρ, 12 Φεβρουαρίου 2010 - 19:19

Tax officials in Kazakhstan, an oil-rich Central Asian country, Friday questioned the legality of production sharing agreements signed with foreign oil and gas companies.

Russia Seeks Tighter Control Over Oil Exports

Παρ, 12 Φεβρουαρίου 2010 - 19:19

Russia is preparing new measures aimed at tightening control over oil exports by rail, river and road--a move aimed at "decriminalization" the sector, the country's president said Friday.

Russia '10 Budget To Receive RUB78B Extra On Belarus Oil Deal

Παρ, 12 Φεβρουαρίου 2010 - 19:18

Russia's federal budget will receive an additional 78 billion rubles ($2.6 billion) in 2010 due to a newly agreed oil deal with neighboring Belarus, the Interfax news agency reported Friday, citing Deputy Energy Minister Anatoly Yanovsky.

Finland Approves Nord Stream Gas Pipeline Plan

Παρ, 12 Φεβρουαρίου 2010 - 19:17

Finnish environmental authorities have granted final approval for the construction of Russia's Nord Stream gas pipeline through Finnish waters, Interfax reported Friday.

Eni Says Reaches Gazprom Deal On Gas Take-or-pay Contracts

Παρ, 12 Φεβρουαρίου 2010 - 19:16

Eni SpA (E) has reached a "satisfactory" agreement with OAO Gazprom (GAZP.RS) over changes to their take-or-pay natural-gas contracts , a senior executive of the Italian energy company said Friday.

Russia: Sanctions Against Iran More Realistic

Παρ, 12 Φεβρουαρίου 2010 - 19:06

New sanctions on Iran have become more realistic after Tehran's move to ramp up uranium enrichment, Russia's deputy foreign minister, Sergei Ryabkov, told the Interfax news agency Wednesday.

Known Lithium Deposits Can Cover Electric Car Boom

Παρ, 12 Φεβρουαρίου 2010 - 15:50

Hopes of an electric car boom are spurring companies to seek new lithium sources, but new finds may be lower quality and costlier to develop than established deposits able to meet demand for years to come.

Bulgaria Susceptible to Contagion Risk

Παρ, 12 Φεβρουαρίου 2010 - 15:47

Bulgaria is more susceptible to contagion risk from the Greek crisis than neighboring Romania or Turkey, because Greek banks control 28 percent of the Balkan country’s market, said Citigroup Inc. “Bulgaria stands out in terms of the presence of Greek banks, followed by Romania and Turkey,” Citigroup economists including Ilker Domac in Istanbul said in a report yesterday.