English Edition

Red Tape Blocking Energy Investments

Δευ, 14 Ιουλίου 2008 - 11:43

Bureaucracy is putting the brake on investments worth 2.5 billion euros in the sector of renewable energy sources (RES), representatives of four leading Spanish companies said yesterday, as Greece trails its European peers in developing alternative power systems.

Kazakh KazMunaiGas Starts Managing MangistauMunaiGas

Παρ, 11 Ιουλίου 2008 - 13:35

Kazakh state oil and gas company KazMunaiGas has taken management control over MangistauMunaiGas whose 51% it was planning to buy by the end of this year, a spokesman for the state company said Friday.

Hungary To Organize Nabucco Gas Pipeline Summit By Year End

Παρ, 11 Ιουλίου 2008 - 13:34

Hungary's government said Thursday it planned to organize a summit this year to give new momentum to the slow-moving Nabucco pipeline project, aimed at bringing gas to Europe while bypassing Russia.

E.ON: Nuclear Energy Experiencing Revival In Germany

Παρ, 11 Ιουλίου 2008 - 13:32

Nuclear energy has experienced a "impressive renaissance" in Germany due to the high price of other energy sources, Wulf Bernotat, E.ON AG's (EOA.XE) chief executive, said Thursday.

Russia's Gazprom Increases Its Stake In TGK-1 To 28.7%

Παρ, 11 Ιουλίου 2008 - 13:31

Russian gas monopoly OAO Gazprom (GAZP.RS) Thursday said it has increased its holding in regional generator OAO TGK-1 (TGKA.RS) to 28.7%.

Gazprom Dismisses Reports On Talks With Total On Iran

Παρ, 11 Ιουλίου 2008 - 13:22

Russia's state-controlled OAO Gazprom (GAZP.RS) dismissed Thursday a report that it is looking at possible cooperation with French energy company Total SA (TOT) in Iran.

Iran Says EU Solana Nuclear Talks July 19 In Geneva

Παρ, 11 Ιουλίου 2008 - 13:21

Iran said Friday that its top nuclear negotiator Saeed Jalili and E.U. foreign policy chief Javier Solana would hold talks on ending the atomic standoff on July 19 in Geneva, the official IRNA news agency reported.

OMV Tells Croatian Govt It Wants To Buy INA Stake

Παρ, 11 Ιουλίου 2008 - 13:19

Austrian oil and gas company OMV AG (OMV.VI) has said it's interested in participating in the upcoming part-privatization of Croation peer INA Nafte d.d. (INA.ZG) in a letter to the Croatian government, reports Austrian financial daily Wirtschaftsblatt Friday.

Snoehvit LNG Resumed Output At 60% Capacity Thu -StatoilHydro

Παρ, 11 Ιουλίου 2008 - 13:17

StatoilHydro AG's (STO) Snoehvit liquefied natural gas plant resumed production Thursday at 60% of design capacity after a shutdown of almost two months, the company said Friday.

IEA Revises Up World Oil Demand,But Still Below Trend

Πεμ, 10 Ιουλίου 2008 - 13:08

For the first time in several months, the International Energy Agency Thursday slightly raised its 2008 world oil demand growth forecast but cautioned that global crude consumption will remain well-below trend into 2009 amid declining economic conditions.

Gazprom Could Spend $20B On Central Asian Gas In 09

Πεμ, 10 Ιουλίου 2008 - 13:06

Russia's state-controlled gas firm OAO Gazprom (GAZP.RS) could spend $20 billion in 2009 to buy Central Asian gas, instead of the $8 billion it will pay this year, the Kommersant daily said Wednesday citing the company's Chief Executive Alexei Miller.

Kazakhstan, China Launch Construction Of Natural Gas Pipeline

Πεμ, 10 Ιουλίου 2008 - 13:05

Kazakh and Chinese energy officials Wednesday launched the construction of a gas pipeline that will deliver Central Asian gas to China.

Total Steps Back From Investing In Iran

Πεμ, 10 Ιουλίου 2008 - 13:04

Iran has lost the last major western energy group that had been considering making a significant investment to develop the country's huge gas reserves in a victory for Washington's efforts to isolate Tehran over its nuclear ambitions, the Financial Times reported on its Web site Thursday.