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Italy Gas Market Still Dominated By Eni

Italy Gas Market Still Dominated By Eni

Italy's natural gas market is still dominated by state-controlled company Eni SpA (E), limiting competition and keeping prices high, said the country's energy regulator Tuesday.

OPEC: World Oil Demand To Rebound In 2010

OPEC: World Oil Demand To Rebound In 2010

The Organization of Petroleum Exporting Countries expects world oil consumption will grow a modest 500,000 barrels a day in 2010 after two years of shrinkage, fueled by a stronger economy and demand in China, India, the Middle East and Latin America.

Europe Gas Pipe Deal A Setback For Russia

Europe Gas Pipe Deal A Setback For Russia

A landmark deal between Turkey and four European Union countries to pipe gas from the Caspian region is a setback for Moscow's own pipeline project to Western Europe, Russian newspapers said Tuesday.

Min: Nabucco Pipeline To Meet Georgias Gas Needs

Min: Nabucco Pipeline To Meet Georgia's Gas Needs

Georgia's natural gas requirements will be covered by the fuel it is to receive for its role in the Nabucco gas pipeline project, Russian news agency RIA Novosti reports on its Web site Tuesday, citing the Georgian energy minister.

Iran NIOC Official: Nabucco Not Economical Without Iran

Iran NIOC Official: Nabucco Not Economical Without Iran

A senior Iranian energy official said the Nabucco natural gas pipeline is not economically logical if does not also transport gas from Iran, the daily Resalat newspaper reports Tuesday.

Edison: Greece-Bulgaria Gas Line Deal Signed Tue

Edison: Greece-Bulgaria Gas Line Deal Signed Tue

In a move to reduce Eastern Europe's reliance on Russian gas, Edison SpA (EDN.MI) said Tuesday it signed an agreement to build a natural gas pipeline linking Greece to Bulgaria.

Russia: Nabucco Gas Pipe Economically Unsound, Driven By Fear

Russia: Nabucco Gas Pipe Economically Unsound, Driven By Fear

Russia Tuesday shrugged off a key European Union gas pipeline deal with Turkey, branding it economically unsound and driven by overblown fears of dependence on Russian gas, Interfax news agency reported.

Ukraine Welcomes Nabucco Gas Pipe, Ready To Join

Ukraine Welcomes Nabucco Gas Pipe, Ready To Join

Ukraine has welcomed the launch of the Nabucco gas pipeline project, and said it was ready to join, a deputy head of the Ukrainian president's secretariat said Tuesday, according to the RIA Novosti news service.

Nabucco Can Carry Russian Gas, U.S. Says

Nabucco Can Carry Russian Gas, U.S. Says

Russia is free to supply natural gas to the Nabucco pipeline and countries participating in the project must accept it as a partner, the U.S. special energy envoy said Sunday.

Turkey Hopes Nabucco Pipeline Will Boost Its EU Bid

Turkey Hopes Nabucco Pipeline Will Boost Its EU Bid

An agreement for a pipeline to supply gas to Europe via Turkey has boosted hopes in Ankara that the project will strengthen the country's struggling bid to join the European Union.

Turkish Energy Min Says Nabucco May Not Provide Cheap Gas

Turkish Energy Min Says Nabucco May Not Provide Cheap Gas

Turkish Energy Minister Taner Yildiz said Monday the planned Nabucco pipeline is important for supply security but it may not be important for procuring cheap gas, the Ihlas News Agency, or IHA, reports.

Iraq PM Hopes To Give 15B Cubic Meters Of Gas To Nabucco

Iraq PM Hopes To Give 15B Cubic Meters Of Gas To Nabucco

Iraqi Prime Minister Nouri al-Maliki said Monday that he hopes his country will give 15 billion cubic meters of gas annually to the Nabucco pipline project, the Ihlas News Agency, or IHA, reported.

4 EU Nations, Turkey Sign Nabucco Gas Pipeline Deal

4 EU Nations, Turkey Sign Nabucco Gas Pipeline Deal

The prime ministers of four European Union countries and Turkey signed here Monday a deal to build a major gas pipeline reducing European reliance on Russian supplies.

Turkey PM:Iran,Russia,Qatar May Sell Europe Gas Via Nabucco

Turkey PM:Iran,Russia,Qatar May Sell Europe Gas Via Nabucco

Turkish Prime Minister Tayyip Erdogan said Monday that his government wants Iran to sell gas to Europe through the planned Nabucco gas pipeline when conditions allow, the Ihlas News Agency, or IHA, reported.

Russias Putin: Gazprom 2009 Invest Program RUB775B

Russia's Putin: Gazprom 2009 Invest Program RUB775B

Russian gas producer OAO Gazprom (GAZP.RS) has revised its 2009 investment program to total 775 billion rubles ($23.4 billion), the Interfax news agency reports Monday, citing Russia's Prime Minister Vladimir Putin.

Lukoil Says Still Interested In 2nd Iraq Oilfield Round

Lukoil Says Still Interested In 2nd Iraq Oilfield Round

Russia's OAO Lukoil Holding (LUKOY) is still interested in the second licensing round to award long-term development contracts for Iraq's untapped oil and gas fields and is prepared to change its conditions, a spokesman for the company said Thursday.