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Russia Says Nuclear Arms Talks With US Going Well

Russia Says Nuclear Arms Talks With US Going Well

Talks on a new U.S.-Russian nuclear disarmament treaty are going better than initially expected, a top Russian diplomat told the RIA-Novosti news agency Wednesday.

Russia Energy Min:Role Of Gas Export Forum To Increase

Russia Energy Min:Role Of Gas Export Forum To Increase

Russia is confident the role of the Gas Exporting Countries Forum, or GECF, an OPEC-style organization for gas exporters, will increase in the future, the country's Energy Minister Sergei Shmatko said Tuesday.

Izgaz Gets EUR60M Loan From EBRD, $50M Support From IFC

Izgaz Gets EUR60M Loan From EBRD, $50M Support From IFC

The European Bank for Reconstruction and Development, or EBRD, said Wednesday it will give a EUR60 million loan to Izgaz, the gas distribution company of Turkey's northwestern industrial city of Izmit, the Ihlas News Agency, or IHA, reported.

Kremlin Aide: Domestic Gas Price To Rise 10% In 2010

Kremlin Aide: Domestic Gas Price To Rise 10% In 2010

Russia may increase domestic gas tariffs by more than 10% next year and electricity tariffs by around 5%, the Interfax news agency reported Tuesday, citing Kremlin aide Arkady Dvorkovich.

Edison-led Consortium Bids For Iraqs Akkas Gas Field

Edison-led Consortium Bids For Iraq's Akkas Gas Field

A consortium led by Italy's Edison SpA (EDN.MI) has bid for the Akkas gas field in the first round of auctions for eight oil and gas fields in Iraq, Iraqi Oil Minister Hussain al-Shahristani said Tuesday.

GDF Suez Buys 20% Stake In E&P Pact In Azerbaijan

GDF Suez Buys 20% Stake In E&P Pact In Azerbaijan

French utility GDF Suez (GSZ.FR)Tuesday said it has acquired a 20% stake in the Exploration, Development and Production Sharing Agreement for the Absheron offshore block in the Azerbaijani sector of the Caspian Sea.

Russia Clinches Gas Contract With Azerbaijan

Russia Clinches Gas Contract With Azerbaijan

Russian gas giant OAO Gazprom (GAZP.RS) clinched a deal Monday to buy natural gas from ex-Soviet Azerbaijan, as Moscow seeks to extend its grip on potential European energy supplies in the resource-rich Caspian Sea.

Iran Nominates Ghanimifard For Gas Group Secy Genl

Iran Nominates Ghanimifard For Gas Group Secy Genl

Iran has nominated National Iranian Oil Co. executive Hojatollah Ghanimifard as candidate for the role to head the Gas Exporting Countries Forum, or GECF, officials said Monday.

Georgia Condemns Dangerous Russian War Games

Georgia Condemns Dangerous Russian War Games

Georgia Monday condemned large-scale Russian military exercises near its borders as "dangerous" and accused Moscow of stoking tensions.

SPP: Diversification Contracts With E.ON Ruhrgas And GDF SUEZ

SPP: Diversification Contracts With E.ON Ruhrgas And GDF SUEZ

Slovakian monopoly natural gas importer and pipeline operator Slovensky Plynarensky Priemysel AS, or SPP, said Monday that it has signed with E.ON Ruhrgas (EOAN.XE) a 10-year contract on natural gas supplies to Slovakia.

Areva Gears Up For Asset Sales; Focus On Nuclear Devt

Areva Gears Up For Asset Sales; Focus On Nuclear Devt

The French government has endorsed Areva SA's (CEI.FR) model of providing utilities with a full cycle of nuclear services, but it has made clear that its ambitions for the overstretched nuclear champion mean Areva may have to sell other assets and raise extra funds by bringing in an industrial partner.

IEA Makes Big Cut To Medium Term World Oil Demand

IEA Makes Big Cut To Medium Term World Oil Demand

The International Energy Agency Monday made a large, 3.7% downward revision to its medium-term forecast for total world oil demand compared with its previous estimate, suggesting the impact of recession and energy-efficiency efforts may help keep future crude price spikes in check.

Poland Signs LNG Supply Deal With Qatargas

Poland Signs LNG Supply Deal With Qatargas

Polish gas monopoly PGNiG (PGN.WA) and QatarGas have signed a long-term liquefied natural gas, or LNG, supply deal, a key requirement for Poland to diversify its gas supply, the country's Treasury Ministry said Monday,