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Iran Backs Out Of Trilateral Gas Deal; Seeks New Deal

Iran Backs Out Of Trilateral Gas Deal; Seeks New Deal

A senior Pakistan government official said Iran has backed out of a trilateral agreement to sell gas to Pakistan and India, the Pakistan News Service reported Thursday, citing unnamed sources.

Russias Gazprom Interested In 20% Repsol Stake

Russia's Gazprom Interested In 20% Repsol Stake

Russian energy giant Gazprom OAO (GAZP.RS) is interested in buying a 20% stake of Spanish oil company Repsol-YPF (REP), Russian Deputy Prime Minister Alexander Zhukov said Wednesday, the Efe newswire reports.

Completion of Sale of E&P Concessions in Libya

Completion of Sale of E&P Concessions in Libya

Following the announcement on 22 September 2008, Hellenic Petroleum S.A. announces that, after obtaining all regulatory approvals, it sold today its 20% participating interest in a Libyan oil and gas exploration license to the Franco-Belgian GDF Suez. This transaction is a further step in our strategy to reorganise E&P activities so as to create value and boost competitiveness of the Group.

IENE Conference focuses on «Green Transport»

IENE Conference focuses on «Green Transport»

The transport sector's contribution to the exacerbation of the thorny problem for humankind, that of climate change, was the framework subject of the one-day conference organized by ΙΕΝΕ at the Evgenides Foundation. As stressed, the aim is that of elaborating and applying an integrated transport planning policy, with a clear vision, quantified goals, and strategies and measures, as transport counts for 39.6% of end energy consumption in Greece.

Russias Gazprom To Reduce Gas Prices For Europe - Report

Russia's Gazprom To Reduce Gas Prices For Europe - Report

Russian state-run energy giant Gazprom (GAZP.RS) will reduce the price it charges European nations for gas from next year, company head Alexei Miller said on Wednesday, quoted by RIA-Novosti news agency.

Turkish PM Offers Mediation Between Iran,Obama Administration

Turkish PM Offers Mediation Between Iran,Obama Administration

Turkey is ready to mediate between the incoming U.S. administration of Barack Obama and Iran for a thaw in relations between the two countries, Prime Minister Recep Tayyip Erdogan said in an interview published Wednesday.

Gazprom To Discuss Iran S Pars Project At Doha Gas Talks

Gazprom To Discuss Iran S Pars Project At Doha Gas Talks

Representatives from Russia's energy giant Gazprom are set to discuss the company's participation in the development of Iran's South Pars natural gas field, the company said Wednesday.

Gazprom CEO, Egypt PM Discuss Gas Swaps, LNG Projects -Agency

Gazprom CEO, Egypt PM Discuss Gas Swaps, LNG Projects -Agency

Alexei Miller, chief executive of Russian natural gas giant OAO Gazprom (GAZP.RS), and Egyptian Prime Minister Ahmed Nazif Tuesday discussed gas swap operations and cooperation in liquefied natural gas projects, Gazprom said in a statement, news agency Prime-Tass reported.

Gazprom To Supply Ukraine At Least 55 BCM Of Gas In 2009

Gazprom To Supply Ukraine At Least 55 BCM Of Gas In 2009

Russian gas monopoly OAO Gazprom (GAZP.RS) agreed with Ukraine's state-owned natural gas company Naftogaz Ukraini Tuesday that the Russian firm will supply Ukraine with no less than 55 billion cubic meters of gas in 2009, the same volume as this year, the companies said is separate statements.

German Energy Lobby Opposes Creation Of National Gas Reserve

German Energy Lobby Opposes Creation Of National Gas Reserve

Germany's power, gas and water industry association, BDEW, Tuesday said it opposes the creation of a state-controlled gas reserve, saying such a move would result in higher gas prices rather than improve security of supply.

Lukoil To Invest Up To $1B In Caspian Projects - Prime-Tass

Lukoil To Invest Up To $1B In Caspian Projects - Prime-Tass

Russian oil major OAO Lukoil Holdings (LKOH.RS) is planning to invest $1 billion in oil and gas production in the northern part of the Caspian Sea, Prime-Tass reported Wednesday, quoting the company's chief executive.

Putin OKs Caspian Gas Pipe Accord For Ratification

Putin OKs Caspian Gas Pipe Accord For Ratification

Russian Prime Minister Vladimir Putin has signed a ruling to submit an agreement on the construction of a natural gas pipeline along the Caspian Sea coast to the parliament for ratification, the government's press service said Monday, news agency Prime-Tass reported.

EU To Seek Energy Supply From Asia,Africa,Boost Links

EU To Seek Energy Supply From Asia,Africa,Boost Links

The European Union must diversify energy supply by focusing on Central Asian gas and African potential for renewable energy sources, while integrating gas and electricity grids into a European supergrid to spur energy security, according to a draft of a strategic energy review seen by Dow Jones Newswires.

Czech CEZ Hopes Crisis Will Stall EU Climate Package

Czech CEZ Hopes Crisis Will Stall EU Climate Package

Central Europe's top power producer, Czech-based CEZ AS, is pinning hopes on the financial crisis to thwart the approval of the E.U.'s green package, saying it would hit hard at the region's coal-dependent industry.

EU Must Improve Energy Security

EU Must Improve Energy Security

The European Union must improve the security of its energy supplies with offshore wind turbines and gas pipelines to the Caspian region, according to a European Commission report.