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Gazprom Warns May Be Disruption To Europes Gas Supply

Gazprom Warns May Be Disruption To Europe's Gas Supply

Supply of Russian natural gas to Europe may be disrupted due to a pricing row between Russia and Ukraine, the Interfax news agency reported Monday, citing Viktor Zubkov, chairman of export monopoly OAO Gazprom (GAZP.RS).

Bulgaria’s Electricity Exports Steady in 2008

Bulgaria’s Electricity Exports Steady in 2008

Bulgaria’s dominant power utility NEK said its electricity exports would be around 4.5 kilowatt (kWh) this year, unchanged from 2007. “Bulgaria exported the electricity mainly to its Balkan neighbors Greece, Serbia and Macedonia,” NEK’s executive director Madrik Papazyan told a news conference on Saturday.

Bulgaria, Turkmenistan Vow Cooperation in Energy Sector

Bulgaria, Turkmenistan Vow Cooperation in Energy Sector

Bulgarian President Georgi Parvanov, who is paying an official visit to Turkmenistan, conferred with his Turkmenistan counterpart Gurbanguly Berdimuhamedow. The two heads of state discussed opportunities for promoting bilateral relations and cooperation in the energy sector.

Turkmenistan Dashes Gas Hopes

Turkmenistan Dashes Gas Hopes

When an audit confirmed in October that Turkmenistan boasted one of the world's largest natural-gas fields, Western oilmen sniffed the chance of a once-in-a-lifetime mega-deal with a country that finally seemed to be opening up to the world. They've been badly disappointed.

Park Elektrik Shares Jump On OK For Nuclear Bid

Park Elektrik Shares Jump On OK For Nuclear Bid

Turkish electricity Park Elektrik (PRKTE.IS) shares jumped 9.8% to 0.9 lira after the country's Atomic Authority (TAEK) approved the technology of a Russian-Turkish consortium which was the sole bidder in a tender to build the country's first nuclear power plant, Ihlas News Agency, or IHA, reported Friday.

Bosphorus Gas Takes Over Contract With Gazprom

Bosphorus Gas Takes Over Contract With Gazprom

Turkey-based Bosphorus Gas said Friday it has taken over a natural gas sale contract between state-owned gas company BOTAS and Russia's Gazprom (GAZP.RS), Ihlas News Agency, or IHA, reported.

Algeria Oil, Gas Tender Hit By Downturn

Algeria Oil, Gas Tender Hit By Downturn

An Algerian official has partly blamed the financial crisis for a lower-than-expected number of oil and gas exploration license bids last week.

Lukoil Expects 4Q Capital Spending At $2.5 Bln

Lukoil Expects 4Q Capital Spending At $2.5 Bln

Russia's second-largest oil producer OAO Lukoil (LKOH.RS) expects its fourth-quarter investment program to total $2.5 billion, Interfax news agency reported Friday, citing the oil major's senior investment analyst, Andrei Gaidamaka.

OPEC Plans Record Output Cut

OPEC Plans Record Output Cut

The world's big oil producers, flush and powerful just months ago, said they would cut crude supplies by a record amount but found even that couldn't stop prices from sliding to their lowest level in four years.

Gazprom: May Halt Gas Supplies To Ukraine After Jan 1

Gazprom: May Halt Gas Supplies To Ukraine After Jan 1

Russia's OAO Gazprom (GAZP.RS) Thursday said from Jan. 1 it isn't obliged to continue supplying natural gas to Ukraine, which has fallen behind on payments, and may halt deliveries.

EU: Expresses Deep Concern On Ukraine-Russia Gas Dispute

EU: Expresses Deep Concern On Ukraine-Russia Gas Dispute

The European Union is deeply concerned after Russia's OAO Gazprom (GAZP.RS) said it may halt deliveries of natural gas to Ukraine from Jan. 1, a spokesman for Energy Commissioner Andris Piebalgs said Thursday.

Iran, Turkey To Set Up JV To Construct Gas Pipeline

Iran, Turkey To Set Up JV To Construct Gas Pipeline

Iran and Turkey are aiming to set up a joint venture for the construction of two pipelines transporting natural gas from the Islamic Republic to the Turkish and Greek borders, the IRNA news agency quoted Gholam Hossein Nozari as saying Tuesday.

Iran Says Crude Stockpiles Fall On Sales To Europe - Official

Iran Says Crude Stockpiles Fall On Sales To Europe - Official

Iran has sold all crude oil being stored in Egypt's Sidi Kerir terminal and is sending two additional crude carriers from Kharg Island in the Persian Gulf to be lifted by purchasers from the Mediterranean Sea port, a senior Iranian oil official said.