English Edition

Decline in Electricity Demand Slows

Τρι, 29 Σεπτεμβρίου 2009 - 14:22

Electricity demand in eight countries, including France and the UK, declined at a slower rate for a second month in August, suggesting the recession is easing, according to analysts at Societe Generale SA.

Delek Drilling to Explore Waters Around Cyprus

Τρι, 29 Σεπτεμβρίου 2009 - 14:20

Israel’s Delek Drilling said yesterday it plans to exercise an option to join a natural gas exploration group in waters around Cyprus once it receives approval from Israel’s government. Noble Energy has the rights to the site but Delek Drilling and Avner Oil have an option to buy 15 percent each of the venture, known as Block 12. Both companies are subsidiaries of Delek Energy.

Hellenic Petrol Cyprus Fined for Collusion

Τρι, 29 Σεπτεμβρίου 2009 - 14:11

An employee at an EKO gas station, a subsidiary belonging to Hellenic Petroleum, is seen in this file photo putting fuel in a car in Cyprus. Hellenic Petroleum said yesterday its unit in Cyprus was fined 14.3 million euros by the eastern Mediterranean island’s competition regulator.

PM: RWE Remains in Bulgaria Belene Nuclear Project

Τρι, 29 Σεπτεμβρίου 2009 - 12:45

German utility RWE has not abandoned plans to participate in the construction of a 2000 MW nuclear plant in the Danube town of Belene, Bulgaria's new prime minister said on Monday. The company remains in talks with Sofia on funding, Boyko Borisov announced after meeting with RWE Chief Executive Juergen Grossmann to discuss the future of the plant

German Utility Shrs Up As Election Raises Nuclear Hopes

Δευ, 28 Σεπτεμβρίου 2009 - 17:54

Stocks in German utilities are outperformers Monday, buoyed by hopes that victory for a center-right coalition government paves the way for an extension of nuclear reactor operating lives.

Gazprom CEO:Turkey,Romania Interested in S Stream Proj

Δευ, 28 Σεπτεμβρίου 2009 - 17:53

Turkey, Romania and some other countries are showing interest in Russia's South Stream gas pipeline project, Russian news agency RIA Novosti reports Monday, citing the chief executive of Russian natural gas company OAO Gazprom

G-20 Fuel Subsidies Deal Leaves Some Dissatisfied

Δευ, 28 Σεπτεμβρίου 2009 - 17:52

An agreement by the Group of 20 nations to phase out fossil fuel subsidies and take other measures to combat global warming left many people dissatisfied, with environmentalists saying that the plan was too weak and oil companies saying that the plan would damage the economy.

Jordan Cabinet To Discuss BP Risha Gas Field Deal Tues

Δευ, 28 Σεπτεμβρίου 2009 - 17:51

The Jordanian cabinet is expected to discuss on Tuesday a draft gas exploration agreement with BP PLC (BP) to develop the Risha gas field before giving it final approval, the Jordanian news agency Petra reported Sunday.

Russia Seeking Stake In Bulgarian Nuclear Plant

Δευ, 28 Σεπτεμβρίου 2009 - 17:49

Russia is seeking a stake in the Belene nuclear power plant being built in northern Bulgaria, the RIA Novosti news agency reports Monday, citing Sergei Kiriyenko, head of the Russian state-run civilian nuclear power corporation Rosatom.

UN Climate Talks Start In Bangkok With Dire Warnings

Δευ, 28 Σεπτεμβρίου 2009 - 17:47

U.N. negotiations for a global climate treaty resumed in Bangkok on Monday, amid warnings that failure to break a deadlock ahead of a showdown in Copenhagen would threaten future generations.

The 24th European Photovoltaic Solar Energy Conference and Exhibition closes with new Record Figures

Δευ, 28 Σεπτεμβρίου 2009 - 15:13

With the official Closing Session, the 24th European Photovoltaic Solar Energy Conference and Exhibition in Hamburg (24th EU PVSEC) ended on Friday after five very busy days. Until Thursday, 943 international manufacturers, suppliers and service providers covering every aspect of photovoltaics took part as exhibitors, attracting over 40,000 visitors. The share of international visitors amounted to more than 50%

Bulgaria Natural Gas Prices to Increase by 20% in January

Δευ, 28 Σεπτεμβρίου 2009 - 14:49

The prices of the natural gas in Bulgaria are expected to increase by 20% in January 2010 if the oil remains around USD 70 per barrel, and mazut stays at USD 400-420 per ton. The forecast has been made by Dimitar Gogov, head of the state owned gas distributing company "Bulgargaz"

Motor Oil takes over Shell network

Σαβ, 26 Σεπτεμβρίου 2009 - 14:14

Refinery Motor Oil Hellas has agreed to purchase Shell’s 700 gas stations in Greece for 219.1 million euros in a deal that will strengthen its position in the market after rival Hellenic Petroleum recently doubled its presence in the retail sector.

China Gov: More Renewable Energy Subsides Not Needed

Παρ, 25 Σεπτεμβρίου 2009 - 18:16

A top Chinese energy policy official said Friday that there is no need for additional renewable energy subsidies, and rejected calls for a minimum wind power price.

Kazakhstan Uranium Output To Reach 26,000 Tons By 2030

Παρ, 25 Σεπτεμβρίου 2009 - 18:15

Kazakhstan's annual uranium output is forecast to reach 26,000 metric tons by 2030 from 14,000 tons expected this year, a senior executive at Kazakh state nuclear fuel company Kazatomprom said Friday.

Turkey To Decide On Nuclear Tender Nov 20-24

Παρ, 25 Σεπτεμβρίου 2009 - 18:14

Turkish Energy Minister Taner Yildiz said Friday that his government will announce its decision on whether to approve or cancel a tender to build the country's first nuclear power plant, between Nov. 20 and 24, the Ihlas News Agency, or IHA, reported.