English Edition

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.

Gas supplies via Baltic pipeline to start in Sept. 2011 - Putin

Παρ, 12 Φεβρουαρίου 2010 - 12:34

Pumping of Russian natural gas to Europe via the Baltic Nord Stream pipeline will start in September 2011, Prime Minister Vladimir Putin said on Friday. "In May 2011, construction is to be completed on the sea section and on land in Germany and Russia. And gas will start to be pumped in September," Putin said at a meeting with Marcel Kramer, CEO of Dutch Gasunie, which has a 9% stake

Poland Clears Gas Deal Between PGNiG And Gazprom

Πεμ, 11 Φεβρουαρίου 2010 - 19:36

Poland's government late Wednesday cleared a January deal between local gas monopoly PGNiG (PGN.WA) and the Russian gas firm OAO Gazprom (GAZP.RS) to boost natural gas deliveries to Poland.

EDF CEO: Doesn't Plan To Sell Production Capacities

Πεμ, 11 Φεβρουαρίου 2010 - 19:35

French state-controlled power giant Electricite de France SA (EDF.FR) doesn't plan to sell any of its production capacities, its new chief executive, Henri Proglio, said Thursday

EIA: US Natural Gas Production Expected To Fall 2.6% In 2010

Πεμ, 11 Φεβρουαρίου 2010 - 19:26

The U.S. Energy Information Administration predicted Wednesday that U.S. 2010 natural gas production will decline slightly less than previously forecast, citing an expected uptick in drilling activity later this year.

Hungary Finance Ministry: MOL Stake Buyback Report False News

Πεμ, 11 Φεβρουαρίου 2010 - 19:25

Hungary's Finance Ministry Thursday called "false news" an unconfirmed report in newspaper Vedomosti that said it intends to buy back a stake in MOL. Nyrt. (MOL.BU) from Russia's Surgutneftegaz (SNGS.RS).

Statoil Mulls Delaying Some Norway Gas Output On Glut

Πεμ, 11 Φεβρουαρίου 2010 - 19:24

Norwegian oil giant Statoil ASA (STO) said Thursday it may delay some Norwegian natural-gas production through 2012 and offered a cautious output outlook, offering the latest evidence of glut concerns despite a threefold rise in its fourth-quarter profit.