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Pipeline Politics, in Perspective

Τρι, 13 Μαΐου 2008 - 01:57

The agreement between Greece and Russia for the construction and management of part of the South Stream natural gas pipeline that will cross Greece to Italy and the rest of Western Europe is, without doubt, an important development.

Gas Pumps Run Dry as Drivers Strike

Τρι, 13 Μαΐου 2008 - 01:33

A motorcyclist pushes his bike into a service station in Athens yesterday only to be told that all gasoline supplies have run out. A weeklong strike by truck drivers has left service stations without fuel supplies as drivers queued for up to 2 kilometers on Saturday to buy the last remaining gasoline on the market.

Plan Set for Green Ministry

Δευ, 12 Μαΐου 2008 - 05:29

Greece has announced plans to set up a separate Environment Ministry in about 18 months as the conservative government comes under growing pressure over its environmental policies. Greece currently runs a joint Environmental, Physical Planning and Public Works Ministry, headed by Giorgos Souflias.

Holmen, Iberdrola Invest In Spanish Power Plant

Δευ, 12 Μαΐου 2008 - 03:01

Swedish forest products industry group Holmen AB (HOLM-B.SK) and Spanish utility Iberdrola S.A. (IBDRY) will invest about 220 million Swedish kroner (EUR23.7 million) in a new gas power plant outside Madrid, Swedish business daily Dagens Industri reports Monday.

Endesa 1Q Net Profit Up 4.6% On Latam, Costs Soar >ELE.MC

Δευ, 12 Μαΐου 2008 - 03:00

Spanish power utility Endesa SA (ELE.MC) Monday said first-quarter net profit rose 4.6%, boosted by a surge in profits for its Latin American business.

Kashagan Consortium Proposes Output Delay To 2012-2013

Δευ, 12 Μαΐου 2008 - 02:59

The Eni SpA-led consortium (E) developing the giant Kashagan oil field in the Caspian Sea proposes to postpone the start of production to 2012-2013 from 2011, Kazakh Energy Minister Sauat Mynbayev was quoted by Interfax news agency as saying Monday.

Qatar Oil Min Sees No Need For OPEC Meet Before Sept

Δευ, 12 Μαΐου 2008 - 02:58

Qatar's oil minister Abdullah bin Hamad al Attiyah told Dow Jones Monday that he doesn't see the need for the Organization of Petroleum Exporting Countries to meet before their next scheduled gathering in September in response to record high oil prices.

Iraq 1Q '08 Oil Exports +22% On Yr At 1.92M B/D -SOMO

Δευ, 12 Μαΐου 2008 - 02:57

Iraq's crude oil exports during the first quarter of 2008 rose 22% from the year-earlier period, the head of the state-run oil marketing company, or SOMO, said Monday.

Serbia's Cabinet Approves Russian Energy Deal

Δευ, 12 Μαΐου 2008 - 02:56

Serbia's cabinet of ministers has approved a controversial energy deal, including the sale of its state oil monopoly Naftna Industrija Srbija, or NIS, to OAO Gazprom Neft (SIBN.RS), the oil arm of OAO Gazprom (GAZP.RS), the Interfax news agency reported Monday

Nuclear Power Talk Mushrooms

Παρ, 9 Μαΐου 2008 - 04:32

A more positive note was sounded yesterday on introducing nuclear energy into the country as officials argued that a larger number of Greece's neighbors have shown interest in using the unpopular power source.

Minister Calls For Closer Look at Nuclear Power

Παρ, 9 Μαΐου 2008 - 04:16

For a second time this week, a Greek government minister hinted the country ought to look more closely at the nuclear power industry, although he made it clear that it is not currently considered as an option in its energy mix.

Albania Hoping Good Harvest Will Limit Impact of Oil Prices

Παρ, 9 Μαΐου 2008 - 04:05

A good Albanian harvest is helping to offset the impact of higher food and fuel prices, senior Albanian officials said yesterday, predicting inflation would fall back to its target and playing down rate hike prospects.

EdF May Face Legal Hurdle Over Areva For UK Nuclear

Παρ, 9 Μαΐου 2008 - 03:17

French utility Electricite de France (1024251.FR) could face a legal challenge over the technology it has selected to build new nuclear power stations in the U.K., The Times of London reported Friday.

Gas Natural 1Q Net Profit +10% On Gas Distribution

Παρ, 9 Μαΐου 2008 - 03:15

Gas distributor Gas Natural SDG SA (GAS.MC) Friday said first-quarter net profit rose 10%, supported by strong growth in its main gas distribution and electricity generation businesses.

RWE Won't Make Binding Offer For British Energy -Handelsblatt

Παρ, 9 Μαΐου 2008 - 03:14

German utility RWE AG (RWE.XE) won't submit a binding offer for U.K. nuclear power plant operator British Energy Group PLC (BGY.LN), Handelsblatt reports Friday, citing unnamed financial sources.

Serb Cabinet In Final Pre-Poll Showdown On EU, Russia

Παρ, 9 Μαΐου 2008 - 03:11

Serbia's outgoing coalition government, which collapsed over East-West ties, meets Friday to approve a Russian energy deal in a final showdown two days before crunch general elections.