English Edition

A Pacific Island Challenge to European Air Pollution

Σαβ, 23 Ιανουαρίου 2010 - 12:53

A Pacific island nation has challenged plans by the Czech Republic to refit a coal-fired power station, in an appeal that environmental advocates on Monday described as the first of its kind. The case focuses on efforts by a Czech utility, the CEZ Group, to prolong the life of the power plant in Prunerov, close to the German border.

EU Faces Years More Wrangling Over Car Emissions

Σαβ, 23 Ιανουαρίου 2010 - 12:49

Europe's incoming climate chief is determined to crack down on emissions from cars, but any new goals are at least a decade away. Connie Hedegaard will struggle against political inertia, the complexities of electric vehicles and the power of big auto, making a rigid 2020 target her best possible outcome.

France Plans Transitional CO2 Tax for Big Emitters

Σαβ, 23 Ιανουαρίου 2010 - 12:47

France has outlined plans to impose a carbon tax on large industrial installations until 2013 when they start paying for emission permits under the revised EU Emission Trading Scheme (EU ETS). The tax would come into effect in July.

Energy Rush

Σαβ, 23 Ιανουαρίου 2010 - 12:45

Bulgaria will introduce tighter rules for building new wind and solar power farms to tame a boom that has threatened to overload the Balkan country’s energy grid, the Environment Ministry said yesterday.

Russia To Tighten Budget This Decade; Fears Lower Oil Price

Σαβ, 23 Ιανουαρίου 2010 - 12:42

The Russian government won't increase budget spending in the coming decade, Finance Minister Alexei Kudrin said Friday, after last year's slump in crude oil prices which prompted the country's first budget deficit in a decade.

Europipe, OMK, Sumitomo Awarded EUR1B Nord Stream Contract

Σαβ, 23 Ιανουαρίου 2010 - 12:42

Europipe, OMK and Sumitomo Corp. (8053.TO) have been awarded the EUR1 billion contract to supply 1 million metric tons of steel pipes for the second leg of the Nord Stream gas pipeline from Russia to Germany, Nord Stream said Friday.

Nord Stream Cuts Costs 38% For 2nd Leg Of Gas Pipe

Σαβ, 23 Ιανουαρίου 2010 - 12:41

The Nord Stream consortium said Friday it has reduced the cost of steel pipes for the second phase of the pipeline from Russia to Germany by 38%, compared with the value of the tender for the first phase in 2007.

Russian Oil Pipe Leak Shows Environmental Risk

Σαβ, 23 Ιανουαρίου 2010 - 12:41

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

Σαβ, 23 Ιανουαρίου 2010 - 12:40

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.

Russia's Kudrin: Economy To Grow 3% 2010 At $65/Bbl Oil Price

Παρ, 22 Ιανουαρίου 2010 - 18:16

Russia's economy will grow around 3% this year given an oil price of $65 a barrel, the country's Finance Minister Alexei Kudrin said Friday.

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

Πεμ, 21 Ιανουαρίου 2010 - 18:36

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.

German,Russian Execs Call For More Gas Use In Power Generation

Πεμ, 21 Ιανουαρίου 2010 - 18:36

Executives of Germany's gas and oil company Wintershall AG and Russian gas monopoly Gazprom OAO (GAZP.RS) Thursday called for an increased use of natural gas as fuel for power generation.

Sakhalin-1 Project Continues Record Setting Drilling

Πεμ, 21 Ιανουαρίου 2010 - 18:35

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.