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Gazprom Likely To Cut Spending; Putin Offers Aid

Gazprom Likely To Cut Spending; Putin Offers Aid

Russia's OAO Gazprom said it is increasingly likely it will cut its multibillion-dollar investment program this year amid collapsing demand for natural gas. Meanwhile, Russian Prime Minister Vladimir Putin offered Gazprom state aid to get the company through the global recession.

Turkey Wants Extra Russian Gas From 2015

Turkey Wants Extra Russian Gas From 2015

Turkey has asked for additional natural gas supplies from Russia from 2015, Russian news agency RIA Novosti reports, citing comments made Friday by Alexei Miller, Chief Executive of OAO Gazprom (GAZP.RS).

F2i May Submit Offer For Enel Gas Network By April 24

F2i May Submit Offer For Enel Gas Network By April 24

A pool of private investors led by Italian infrastructure fund F2i is in exclusive talks with Enel SpA (ENEL.MI) to acquire its gas network, financial daily Il Sole 24 Ore reported Saturday without citing sources.

Moldova Gas Pipeline To Be Fixed By Monday

Moldova Gas Pipeline To Be Fixed By Monday

A Moldovan pipeline damaged by a huge blast that sharply cut natural gas deliveries to the Balkans earlier this week will be fixed by Monday, the company that oversees the pipeline told AFP Friday.

Repsol,StatoilHydro Study Bid For Iraqs West Qurna

Repsol,StatoilHydro Study Bid For Iraq's West Qurna

Repsol YPF (REP), StatoilHydro ASA (STO), and Maersk Oil and Gas A/S are teaming up for a possible bid on Iraq's West Qurna services contract, people familiar with the matter said this week.

Italy March Power Demand Down 7% On Year To 26.6 TWh

Italy March Power Demand Down 7% On Year To 26.6 TWh

Terna SpA (TRN.MI), Italy's biggest power grid by capacity, said Friday the country's electricity demand for March fell 7% on the year to 26.6 terawatt-hours, as consumption slowed throughout the nation.

Gazprom CEO: May Cut 2009 Investment Plan

Gazprom CEO: May Cut 2009 Investment Plan

Russia's state-controlled gas giant OAO Gazprom (GAZP.RS) may reduce its investment plan for 2009 due to lower demand, the Interfax news agency reported Friday, citing the company's Chief Executive Alexei Miller.

Totals Tax Haven Accounts Known To French Authorities

Total's Tax Haven Accounts Known To French Authorities

The French tax authorities are fully aware of all the accounts that oil major Total SA (TOT) holds in tax havens Chief Executive Christophe de Margerie said in an interview posted Friday on the Web site of France Info radio.

Hungary Mkt Watchdog To Probe Surguts MOL Buy

Hungary Mkt Watchdog To Probe Surgut's MOL Buy

Hungary's capital market watchdog PSZAF has launched a probe into Russian firm OAO Surgutneftegaz (SNGS.RS) purchase of a stake in Hungarian oil and gas company MOL Nyrt. (MOL.BU), PSZAF Spokesman Istvan Binder told Dow Jones Newswires Friday.

Turkeys Enerjisa To Build 30 MW Wind Power Plant

Turkey's Enerjisa To Build 30 MW Wind Power Plant

Enerjisa, a partnership of Austrian utility Verbund AG (VER.VI) and Turkey's Haci Omer Sabanci Holding AS (SAHOL.IS), said Friday that it has agreed with Siemens AG to build a 30-megawatt wind power plant in the nortwest Turkish city of Canakkale, the Ihlas News Agency, or IHA, reported.

Areva CEO:Investment Cuts If No Capital Hike

Areva CEO:Investment Cuts If No Capital Hike

Areva CEO: Investment Cuts If No Capital Hike- Report" published at 0952 GMT misstated the quality of assets in the third paragraph. The error was also contained in a story published at 0929 GMT.) (Adds further comments from Areva CEO.)

Poland To Transfer 08, 09 CO2 Rights To Cos In Days

Poland To Transfer 08, 09 CO2 Rights To Cos In Days

Poland will transfer carbon dioxide emission rights for 2008 and 2009 to companies participating in the European Union's Emissions Trading Scheme in days, a top government official said Thursday.

Total CEO:Iran South Pars Terms Not Attractive Enough

Total CEO:Iran South Pars Terms Not Attractive Enough

The terms for investing in the South Pars liquefied natural gas project in Iran aren't currently attractive enough, Total SA (TOT) Chief Executive Christophe de Margerie told delegates at an oil conference Thursday.