English Edition

Turkey To Invest Up To $4B In Iran's S Pars Gas Field

Τρι, 27 Οκτωβρίου 2009 - 14:47

Turkey is to invest $3.5 billion to $4 billion in Iran's South Pars gas field, Iran's government-controlled news network Press TV reports on its Web site Tuesday, citing an Iranian Oil Ministry official.

CEZ Asks Bks To Submit EUR550M Refinance Proposals

Δευ, 26 Οκτωβρίου 2009 - 20:48

Czech electricity company CEZ AS (BAACEZ.PR) has requested proposals from lending banks to refinance an existing EUR550 million loan that is due to mature in January 2010, people familiar with the situation said Monday.

Polish PGNiG, Gazprom In Advanced Talks On Gas Supplies

Δευ, 26 Οκτωβρίου 2009 - 20:46

Polish gas monopoly PGNiG (PGN.WA) is in advanced talks with Russia's gas major OAO Gazprom (GAZP.RS) and its unit Gazprom Export on additional gas supplies for Poland, PGNiG said Monday.

Gazprom: Europe Must Pay For Unused Gas; 2010 Prices To Rise

Δευ, 26 Οκτωβρίου 2009 - 20:45

Russian gas giant OAO Gazprom (GAZP.RS) Monday warned European customers it expects them to buy as much gas as they are obliged to purchase under their contracts.

Gazprom Expects 2009 Export Sales Above $40 Bln

Δευ, 26 Οκτωβρίου 2009 - 20:44

Russian gas firm OAO Gazprom (GAZP.RS) expects revenue from gas exports to total more than $40 billion this year, the Interfax news agency reports Monday, citing the company's Deputy Chief Executive Alexander Medvedev.

Russia Calls For Maximum Patience On Iran

Δευ, 26 Οκτωβρίου 2009 - 20:42

World powers should show maximum patience in the Iranian nuclear standoff and stop accusing the Islamic Republic of wasting time, a top Russian foreign ministry official said Monday.

GDF Not Interested EDF's UK Power Network

Δευ, 26 Οκτωβρίου 2009 - 20:41

French utility GDF Suez SA (GSZ.FR) isn't interested in buying the power network Electricite de France SA (EDF.FR) has put on sale in the U.K., Chief Executive Gerard Mestrallet told Le Figaro in an interview.

Nuclear Power

Δευ, 26 Οκτωβρίου 2009 - 17:02

RWE has changed its mind about Bulgaria’s Belene nuclear power plant project, Economy and Energy Minister Traicho Traikov said yesterday, indicating the German utility may walk out of the project. RWE was not immediately available for comment.

Red Tape Holds Back Green Energy Projects

Δευ, 26 Οκτωβρίου 2009 - 17:00

Greece, one of Europe’s most windy and sunny countries, risks missing its green energy targets and losing billions of euros in investment as a result of bureaucratic obstacles, a top industry player said yesterday. Greece’s new Socialist government has a target to produce one-fifth of the country’s energy from clean sources by 2020, said George Peristeris, chairman of the Association of Renewable Electricity Producers.

Lukoil Bond Plans To Test Demand For Russian Debt

Παρ, 23 Οκτωβρίου 2009 - 20:16

Russia's oil giant Lukoil's (LUKOY) likely intention to tap the international bond market could go a long way toward showing whether investor sentiment towards Russian debt has improved.

French Min Pessimistic On Iran Response To IAEA Proposal

Παρ, 23 Οκτωβρίου 2009 - 20:15

Signs that Iran would agree to an International Atomic Energy Agency-brokered deal on its nuclear program were "not positive," French Foreign Minister Bernard Kouchner said in Lebanon Friday.

Gazprom, GDF Suez Sign Staff Cooperation Pact

Παρ, 23 Οκτωβρίου 2009 - 20:14

Russian gas producer OAO Gazprom (GAZP.RS) said Friday it has agreed on a staff training program with French utility firm GDF Suez SA (GSZ.FR), as the two companies prepare for future joint projects.

Turkmenistan Completes China Pipeline Work

Παρ, 23 Οκτωβρίου 2009 - 20:13

Turkmenistan has completed construction on its part of a 7,000-kilometer (4,350-mile) natural gas pipeline from Turkmenistan to China, state media said Friday.

OMV CEO: Expects Oil Price Of $60 To $80 In Years Ahead

Παρ, 23 Οκτωβρίου 2009 - 20:12

Austrian oil and gas company OMV AG (OMV.VI) expects the average oil price to move within a band of $60 to $80 in the coming years, its chief executive said Friday.

EU: EDF Offers Commitments To Buy Majority Stake In SPE

Παρ, 23 Οκτωβρίου 2009 - 20:11

The European Commission Friday said French utility Electricite de France SA (EDF.FR) had offered commitments to gain regulatory clearance to buy a majority stake in Belgian energy company SPE.

Energy Plans

Παρ, 23 Οκτωβρίου 2009 - 15:38

Italy’s energy provider Petrolvilla plans to build a 100-million-euro hydropower cascade in Bulgaria and is also considering the construction of a 150-million-euro solar park, a company official said. It is also in talks with Italian utility Enel for joint participation in the planned hydro project along the Maritsa River in southern Bulgaria, Petrolvilla’s chief executive for Bulgaria, Plamen Dilkov, told Reuters.