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Russian Oil Pipe Leak Shows Environmental Risk

Russian Oil Pipe Leak Shows Environmental Risk

A leak from Russia's new Siberian oil pipeline shows the potentially damaging consequences the project could have for the endangered Siberian tiger, an environmental campaign group warned Friday.

Russia Mulls Profit-Based Oil Tax Regime

Russia Mulls Profit-Based Oil Tax Regime

Russia should move to a profit-based oil tax system and abandon tax breaks for East Siberian oil fields to avoid fiscal risks, the Prime Tass news agency said Friday, citing the head of the Finance Ministry's tax department, Ilya Trunin.

Gazprom: Demand For Russian Gas To Rise By 2013 At Latest

Gazprom: Demand For Russian Gas To Rise By 2013 At Latest

Russian natural gas monopoly Gazprom OAO's (GAZP.RS) Deputy Chief Executive Alexander Medvedev said Thursday he expects demand for Russian gas to increase again in coming years after the economic crisis eroded demand in Europe.

Sakhalin-1 Project Continues Record Setting Drilling

Sakhalin-1 Project Continues Record Setting Drilling

ExxonMobil announced today the successful completion of the first two extended-reach wells at the Odoptu field offshore eastern Russia, employing one of the world's most powerful land-based rigs. ExxonMobil subsidiary Exxon Neftegas Limited (ENL) is operator on behalf of the five-company international Sakhalin-1 Consortium.

Kazakhstan Offers Oil To Belarus Refiners After Russia Cut

Kazakhstan Offers Oil To Belarus Refiners After Russia Cut

Kazakhstan has offered to supply oil to Belarus's two refineries after Russia failed to agree new terms for deliveries, Kommersant reports Thursday citing the Kazakh ambassador in Minsk.

Hungary, Russia To Establish South Stream Company Jan

Hungary, Russia To Establish South Stream Company Jan

Hungary and Russia plan to establish a joint venture for the preparation works of the South Stream natural gas pipeline, at the end of January, Hungarian business daily Vilaggazdasag said Thursday, without naming its sources.

Russia, Belarus to hold new round of energy transit talks Jan 22

Russia, Belarus to hold new round of energy transit talks Jan 22

Russian and Belarussian energy companies will hold a new round of the talks on energy supply and transit through Russia’s westernmost Kaliningrad region on January 22, the press service of Inter RAO UES told Itar-Tass on Wednesday.

Greece Wont Need Rescue Package on Debt, Papaconstantinou Says

Greece Wont Need Rescue Package on Debt, Papaconstantinou Says

Greece won’t need a rescue package to tame the European Union’s biggest budget deficit, Finance Minister George Papaconstantinou said as the risk premium on holding Greek government debt rose to the highest since the launch of the euro.

Serbian Power

Serbian Power

Serbia’s biggest coal-fired power plant complex, which accounts for half the country’s electricity generation, will boost output in 2010 to 20.1 billion kilowatt-hours from 19.5 kWh in 2009, an official said.

Germany Proposes 15% Cut In Solar Subsidies

Germany Proposes 15% Cut In Solar Subsidies

The German government is proposing a cut of 15% on the subsidies it gives solar-power providers, Environment Minister Norbert Roettgen said Wednesday, reflecting what the government deems the sector's success, but the move drew sharp criticism from the industry.

German Minister: Solar Can Be More Than Niche Technology

German Minister: Solar Can Be More Than Niche Technology

Photovoltaic solar power plants can make the transition from a niche technology to an integral sector of German power production, the country's environment minister said Wednesday.

Copenhagen Prompts Nations To Take Own Path-UK Science Head

Copenhagen Prompts Nations To Take Own Path-UK Science Head

The failure of last year's Copenhagen climate summit to produce a binding global agreement on reducing greenhouse gases is forcing governments and companies to take a more "bottom-up" approach to cutting emissions, the U.K.'s Chief Scientific Adviser John Beddington said Wednesday.