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Russian Gas Crisis Cost Croatia EUR270 Million

Russian Gas Crisis Cost Croatia EUR270 Million

This month's cut-off of Russian gas deliveries cost Croatian industry about EUR270 million, the main grouping of Croatian employers said Sunday.

Gazprom Faces Compensation Claims On Gas Shut Down

Gazprom Faces Compensation Claims On Gas Shut Down

Despite pointing the finger at Ukraine during the recent gas dispute, Russia could be on the hook for millions of dollars in compensation after failing to meet energy commitments to freezing European nations.

Turkeys Akkok May Invest $500M-$1B In Energy

Turkey's Akkok May Invest $500M-$1B In Energy

Turkish Akkok Group, owner of Turkish energy firm Akenerji Elektrik Uretim AS (AKENR.IS), may invest between $500 million and $1 billion in energy projects, Turkish business daily Dunya quoted Chief Executive Mehmet Ali Berkman as saying Monday, the Ihlas News Agency, or IHA, reported.

Siemens To Cooperate With Russia In Nuclear Power

Siemens To Cooperate With Russia In Nuclear Power

Germany's Siemens AG (SI) is planning to cooperate with Russia's Atomenergoprom in the area of nuclear power, German daily Frankfurter Allgemeine Zeitung reported Saturday.

Hungary PM: Nabucco Financing Could Be Finalized In 09

Hungary PM: Nabucco Financing Could Be Finalized In '09

There's a realistic chance that the financing of the Nabucco gas pipeline project could be finalized in 2009 and construction could start in 2010, Hungarian Prime Minister Ferenc Gyurcsany told state news agency MTI Friday.

Kazakh KazMunaiGas To Invest $1.7B In Kashagan This Year

Kazakh KazMunaiGas To Invest $1.7B In Kashagan This Year

Kazakh state oil and gas company KazMunaiGas said it would invest 208 billion tenge ($1.7 billion) in the development of Kashagan oil field this year, while the company's total investment program for 2009 will equal KZT696 billion.

Bulgarian President Holds Gas Talks In Azerbaijan

Bulgarian President Holds Gas Talks In Azerbaijan

Bulgarian President Georgy Parvanov Thursday held talks with his Azerbaijani counterpart Ilham Aliev on a planned gas supply agreement and a European Union-backed pipeline project, Parvanov's office said.

Ukbekistan: Ready To Transit 16 BCM Gas To Gazprom

Ukbekistan: Ready To Transit 16 BCM Gas To Gazprom

Uzbekistan is ready to transit 16 billion cubic meters of gas to Russian gas monopoly OAO Gazprom (GAZP.RS), the news agency Interfax reported Friday citing Uzbekistan's President Islam Karimov.

Russian President In Uzbekistan To Bolster Ties

Russian President In Uzbekistan To Bolster Ties

Russian President Dmitry Medvedev, in Uzbekistan Friday to bolster Moscow's alliance with the Central Asian State, held talks with his Uzbek counterpart Islam Karimov.

Bulgaria Presses EU On Re-opening Of Two Nuclear Reactors

Bulgaria Presses EU On Re-opening Of Two Nuclear Reactors

The Bulgarian parliament decided Friday to ask the European Union to consider the re-opening of two reactors, closed for safety reasons since 2006, at the country's sole nuclear plant in Kozloduy.

US Welcomes End Of Russia-Ukraine Natural Gas Dispute

US Welcomes End Of Russia-Ukraine Natural Gas Dispute

The United States said Thursday it welcomes an agreement between Russia and Ukraine to end their natural gas dispute, and offered to help the European Union's efforts to enhance energy security.

Turkeys Sabanci To Pay $342.9M For Enerjisas Cap Hike

Turkey's Sabanci To Pay $342.9M For Enerjisa's Cap Hike

Turkish conglomerate Haci Omer Sabanci Holding (SAHOL.IS) will pay $342.9 million to increase the capital of Enerjisa Power Generation AS, the company said late Thursday, Ihlas news agency, or IHA, reported Friday.

Gazprom To Spend More On Energy Saving Technology

Gazprom To Spend More On Energy Saving Technology

Gazprom OAO (GAZP.RS) plans to spend more to develop energy-saving technology and improving its commercial processing of gas, the Itar-Tass news agency said Friday, citing Gazprom's news service.

Kazakhstan Ups Gas Transit Tariff For Gazprom 21.4%

Kazakhstan Ups Gas Transit Tariff For Gazprom 21.4%

Kazakhstan has increased the gas transit tariff for Russian natural gas monopoly OAO Gazprom (GAZP.RS) to $1.70 per 1,000 cubic meters of gas per 100 kilometers from $1.40 currently, Sauat Mynbayev, Kazakhstan's minister of energy and mineral resources, said Wednesday, news agency Prime-Tass reported.

Naftogaz Seeks 10 BCM Of Gas From Trader Rosukrenergo

Naftogaz Seeks 10 BCM Of Gas From Trader Rosukrenergo

Ukraine's state gas firm Naftogaz claims the ownership right to 10 billion cubic meters of stored natural gas belonging to trader Rosukrenergo as part of a deal to take on the company's debt, the Vedomosti daily says Thursday citing a source close to Ukraine's Prime Minister Yulia Tymoshenko.