English Edition

PGNiG Likely To Get OK For About 10% Gas Tariff Hike

Παρ, 17 Οκτωβρίου 2008 - 14:23

Poland's energy market regulator, Energy Regulatory Office, or URE, is likely to approve Polskie Gornictwo Naftowe i Gazownictwo (PGN.WA), or PGNiG's, gas tariff increase of about 10%, two people familiar with the matter told Dow Jones Newswires Friday.

Turkmenistan Gas Field Is One Of World's Largest

Πεμ, 16 Οκτωβρίου 2008 - 13:24

A long-awaited study of a big natural-gas field in Turkmenistan identified it as the fifth largest in the world, independently confirming for the first time the Caspian state's status as one of the world's great hydrocarbon provinces.

Azerbaijan Opposition Rejects Aliyev Presidential Vote Win

Πεμ, 16 Οκτωβρίου 2008 - 13:21

Azerbaijan's leading opposition parties said Thursday they did not recognize the results of a presidential election won by incumbent Ilham Aliyev and vowed to unite to oppose his rule.

Gazenergoprombank Buys Russia's Sobinbank

Πεμ, 16 Οκτωβρίου 2008 - 13:18

Russia's Sobinbank has been bought by ZAO Gazenergoprombank, a bank affiliated with state-controlled gas giant OAO Gazprom (GAZP.RS), Gazenergoprombank said late Wednesday.

Gazprom Reiterates Interest In Energy Partnership With Iran

Πεμ, 16 Οκτωβρίου 2008 - 13:11

Russian state-controlled gas giant OAO Gazprom (GAZP.RS) said Wednesday it will continue efforts to strengthen energy ties with Iran.

Oil Price Fall May Bring More Rev To Algeria Budget

Πεμ, 16 Οκτωβρίου 2008 - 13:09

A drop in oil prices may bring more revenue to the Algerian budget because it will lead to a stronger dollar, the country's finance minister was quoted as saying late Wednesday.

MOL CEO: Croatia Govt Deal In Reasonable Time

Πεμ, 16 Οκτωβρίου 2008 - 13:08

Hungarian oil and gas company MOL Nyrt. (MOL.BU) will close a deal with the Croatian government on the acquisition of a stake in refiner INA d.d (INA.ZG) within a reasonable time, MOL Chief Executive Gyorgy Mosonyi said Thursday.

EU's Solana Says Russia Talks Not To Resume Until Next Month

Πεμ, 16 Οκτωβρίου 2008 - 13:04

European Union foreign policy chief Javier Solana said Thursday that strategic partnership talks with Russia, frozen after the Georgia conflict, were unlikely to resume until next month.

Polish PGNiG Sees Gas Sales Topping 18 BCM By 2013

Πεμ, 16 Οκτωβρίου 2008 - 13:02

Polish gas company Polskie Gornictwo Haftowe i Gazownictwo, or PGNiG (PGN.WA), expects its natural gas sales will exceeed 18 billion cubic meters annually by 2013, daily newspaper Parkiet reports, citing company forecasts.

Titan Signs Green Deal for Poland

Τετ, 15 Οκτωβρίου 2008 - 15:35

Cement company Titan has signed an agreement with Poland’s Hatra Cement i Beton to install a recycling unit that turns the ash generated by power plants into building materials. Titan said its US-based subsidiary, Separation Technology (ST), had agreed with Hatra Cement, a subsidiary of Lafarge Cement, to install a unit that will recycle the power plant waste – called fly ash – produced by Polish chemicals group Ciech.

Gaffney:Yolotan To Have Up To 14,000 BCM Of Gas

Τετ, 15 Οκτωβρίου 2008 - 15:32

U.K. consultancy Gaffney, Cline & Associates Ltd. has found that South Yolotan-Osman natural gas field in Turkmenistan has between 4 trillion cubic meters and 14 trillion cubic meters of gas, the Turkmenistan government's Web site has said.

Electricity Shortage Threatens Central Asia's Growth

Τετ, 15 Οκτωβρίου 2008 - 15:29

Despite its vast reserves of oil and gas, Central Asia is facing a serious power shortage this winter and in 2009 as countries in the region fail to address rising demand for electricity.

Iranian Gas

Τετ, 15 Οκτωβρίου 2008 - 15:28

Iran’s future natural-gas exports are more likely to be sent east to Asia than west to Europe, an Iranian industry consultant said. “The natural route of gas exports from Iran is east,” said Bijan Khajehpour, chief executive officer of Atieh Bahar Consulting and managing director of Qeshm Energy Co.