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Bekaert, Electrabel Sign Industrial Wind Farm Deal

Παρ, 4 Δεκεμβρίου 2009 - 19:55

Belgian steel company Bekaert (BEKB.BT) and utility Electrabel, a unit of GDF Suez SA (GSZ.FR), said Friday they will partner to build wind farms.

Saudi Oil Min: Oil Prices Are OK Near $75 A Barrel

Παρ, 4 Δεκεμβρίου 2009 - 19:53

Saudi Oil Minister Ali al-Naimi said Friday there is no need for members of the Organization of Petroleum Exporting Countries to raise output when they meet this month in Angola.

Shell, Gazprom Appoint Andrey Galayev To Head Sakhalin

Παρ, 4 Δεκεμβρίου 2009 - 19:52

Sakhalin Energy, a joint venture with gas giant OAO Gazprom (GAZP.RS) and oil major Royal Dutch Shell (RDSA) as main shareholders, has appointed a Gazprom-insider Andrey Galayev as its chief executive, the company said Friday.

US Backs Bulgaria's Energy Diversification Effort

Παρ, 4 Δεκεμβρίου 2009 - 19:50

U.S. envoy Richard Morningstar expressed support on Friday for Bulgaria's efforts for higher energy independence, the Bulgarian government said ahead of talks with Russia next week on joint energy deals.

Ukraine Paid Russia In Full For November Gas Supplies

Παρ, 4 Δεκεμβρίου 2009 - 19:48

Ukraine's state gas firm Naftogaz said Friday it paid for Russian gas delivered in November on time, reducing the risk of another cutoff of natural gas to Europe this winter.

Edison Exec: ITGI Best Way For Azeri Gas To Europe

Παρ, 4 Δεκεμβρίου 2009 - 19:32

The planned natural gas pipeline linking the Caspian area with Italy through Turkey and Greece is the quickest and most feasible project to reduce European dependency on Russia and bring Azeri gas, said an executive of the company spearheading the project Friday.

EU Ends Antitrust Case Against GDF Suez; No Fine

Πεμ, 3 Δεκεμβρίου 2009 - 19:09

The European Commission Thursday settled its antitrust investigation into GDF Suez's (GSZ.FR) alleged abuse of its dominant position in the French gas market, accepting the company's promise to dramatically reduce its presence in the country's gas import infrastructure.

Syrian President Defends Iran's Nuclear Plans

Πεμ, 3 Δεκεμβρίου 2009 - 19:05

Syrian President Bashar al-Assad defended Iran's controversial nuclear program Thursday during a visit to Damascus by Iran's chief nuclear negotiator Saeed Jalili, and promised cooperation between the two countries would continue.

Putin: Belarus Gas Price Cut Dependent On Integration

Πεμ, 3 Δεκεμβρίου 2009 - 19:04

Russian Prime Minister Vladimir Putin said Thursday any cut in energy prices for Belarus should coincide with that country's "integration," RIA Novosti reports on its Web site.

Russian President: S Stream Guarantees Europe Energy Security

Πεμ, 3 Δεκεμβρίου 2009 - 18:59

Russian President Dmitry Medvedev said Thursday the South Stream natural gas pipeline project will help guarantee the energy security of Europe.

Putin Says Has No Info On Iran's Nuclear Weapons Work

Πεμ, 3 Δεκεμβρίου 2009 - 18:58

Russia has no information that Iran is working on the development of nuclear weapons, the RIA Novosti news agency quotes Prime Minister Vladimir Putin as saying Thursday.

Eni, Gazprom OK EDF's Entry Into South Stream Project

Πεμ, 3 Δεκεμβρίου 2009 - 18:55

Italy's Eni SpA (E) said Thursday it agreed with Russia's OAO Gazprom (GAZP.RS) to allow Electricite de France SA (EDF.FR) to join the South Stream natural gas project, which aims to link Russia to the European Union and boost the bloc's energy security.

Eni CEO: Azeri Gas Insufficient For Nabucco Pipeline

Τετ, 2 Δεκεμβρίου 2009 - 19:38

Azerbaijan doesn't have sufficient natural gas for the Nabucco pipeline and the project needs to look for supplies from other countries such as Turkmenistan, Eni SpA (E) Chief Executive Paolo Scaroni said Tuesday.

Gazprom Neft: EUR100M Investment In Serbia In 2009

Τετ, 2 Δεκεμβρίου 2009 - 19:36

Russian oil major Gazprom Neft (SIBN.RS) expects its investments in Serbian oil company Naftna Industrija Srbije to amount to EUR100 million in 2009, representatives said during a conference call Tuesday, according to the Prime-Tass news agency.

EBRD Warns Kazakhstan Not To Rely Too Much On Commodities

Τετ, 2 Δεκεμβρίου 2009 - 19:32

The European Bank for Reconstruction and Development, or EBRD, is encouraging Kazakhstan to continue efforts to diversify its commodities-driven economy and not to rely on a price move for economic growth, the bank president said Wednesday.

Ukraine To Settle November Russian Gas Bill On Time

Τετ, 2 Δεκεμβρίου 2009 - 19:27

Ukraine's national energy company Naftogaz will pay about $770 million in December for Russian natural gas deliveries in November, Russian news agency RIA Novosti reports on its Web site Wednesday, citing acting Ukrainian Finance Minister Ihor Umanskiy.