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Russia Shtokman Seeks Govt Tax Incentives For Gas Proj

Russia Shtokman Seeks Govt Tax Incentives For Gas Proj

Shtokman Development is asking the Russian government for tax and customs incentives to help finance a natural gas project it operates in the Barents Sea that could cost the country $2 billion over the next 10 years, the daily Kommersant reported Wednesday, citing Yuri Komarov, the company's chief executive.

Gazprom: Ukraine Gas Pipes Could Suffer Winter Breakdowns

Gazprom: Ukraine Gas Pipes Could Suffer Winter Breakdowns

Russia's OAO Gazprom (GAZP.RS) has warned that the Soviet-built transit pipes that carry most of its gas to Europe could suffer breakdowns this winter because of chronic neglect by Ukraine, The Financial Times reports on its Web site Wednesday.

EU Tells Gazprom To Maintain Gas Supplies Through Ukraine

EU Tells Gazprom To Maintain Gas Supplies Through Ukraine

European Union Energy Commissioner Andris Piebalgs told Russian energy giant OAO Gazprom (GAZP.RS) at a meeting this week to maintain gas supplies through Ukraine to the E.U., a European Commission spokesman said Wednesday.

Russia Energy Min: Oil Output Cut Decision Dec 17

Russia Energy Min: Oil Output Cut Decision Dec 17

Russia will outline its decision on cutting oil production on Dec. 17, the Interfax news agency said Wednesday citing the country's Energy Minister Sergey Shmatko.

Russian Govt Would Back Lukoil Bid For Repsol

Russian Govt Would Back Lukoil Bid For Repsol

The Russian government is ready to offer oil producer OAO Lukoil (LKOH.RS) political support if it decides to bid for Spanish oil firm Repsol YPF SA (REP), the Interfax news agency reported Wednesday citing the country's Energy Minister Sergey Shmatko.

Iberdrola: To Finance Investments Only With Internal Cashflow

Iberdrola: To Finance Investments Only With Internal Cashflow

Spanish electricity company Iberdrola SA (IBE.MC), in response to the global financial crisis, will limit its investments only to those financed by its own cash generation, Chief Executive Ignacio Galan told staff at a year-end meeting Wednesday.

Kazakhstan To Pump 5 BCM A Yr Of Gas Into China Pipeline

Kazakhstan To Pump 5 BCM A Yr Of Gas Into China Pipeline

Kazakhastan will pump 5 billion cubic meters a year of natural gas into the Central Asian gas pipeline linking China from 2014, Duisenbay Turganov, vice-minister of Kazakhstan's Ministry of Energy and Mineral Resources, said Tuesday.

Azeri Oil Flow Through BTC Pipeline Seen Lower In Jan

Azeri Oil Flow Through BTC Pipeline Seen Lower In Jan

Volumes of Azeri crude oil pumped from Azerbaijan to Turkey through the Baku-Tbilisi-Ceyhan pipeline, or BTC, will be much lower in January, traders of Mediterranean crude said Monday.

Uzbekneftegaz Exec: To Up Gas Sales To Gazprom From Next Yr

Uzbekneftegaz Exec: To Up Gas Sales To Gazprom From Next Yr

Uzbekistan's Uzbekneftegaz plans to increase its natural gas supplies to Gazprom starting next year to 14 billion cubic meters per year from 12 billion cubic meters now, a senior company executive said Wednesday.

Credit Crisis May Delay Shtokman Project

Credit Crisis May Delay Shtokman Project

The credit crisis could delay the launch of Russia's giant Shtokman gas field, the head of the project's operator said Monday.

EU Reaches Preliminary Deal On Rules For Renewables

EU Reaches Preliminary Deal On Rules For Renewables

The European Union has reached a preliminary deal on a plan to increase the use of renewable energy by 2020, the European Parliament's lead negotiator Claude Turmes said Tuesday.

Q-Cells Shares Fall As Co Cuts 2008 Goals On Fincl Crisis

Q-Cells Shares Fall As Co Cuts 2008 Goals On Fincl Crisis

Shares in German solar cell maker Q-Cells AG (QCE.XE) fell sharply Tuesday after the company said it won't reach its production, sales and profit targets in 2008 due to the financial crisis.

Enel Close To Selling Pwr Lines To Terna For EUR1.2B

Enel Close To Selling Pwr Lines To Terna For EUR1.2B

Enel SpA (ENEL.MI) is close to selling for about EUR1.2 billion its Italian high-voltage power lines to Terna SpA (TRN.MI), with the deal expected to be announced at the start of January, writes daily Il Sole 24 Ore Tuesday without citing its source.