English Edition

E.ON Repeats To Focus On Organic Growth In Coming Years

E.ON Repeats To Focus On Organic Growth In Coming Years

E.ON AG (EOA.XE), the world's largest investor owned utility by market value, Wednesday said it wants to focus on organic growth in coming years after going on a spending spree throughout Europe in 2007.

DJ RWE CEO: Co Wont Engage In Nuclear Power Bidding Battles

DJ RWE CEO: Co Won't Engage In Nuclear Power Bidding Battles

RWE AG's (RWE.XE) Chief Executive Juergen Grossmann Tuesday reiterated the German utility's interest in expanding its nuclear power business abroad, but said the company won't get involved in bidding battles.

Sibir Energy: Crude Output From Salym Field Now 120,000 B/D

Sibir Energy: Crude Output From Salym Field Now 120,000 B/D

London-listed Sibir Energy PLC (SBE.LN), an oil producer focused on Russia, Wednesday said production at its Salym field, which it operates on a fifty-fifty basis with Royal Dutch Shell PLC (RDSA), has exceeded 120,000 barrels a day.

Whats PPCs Longterm Coal?

What's PPC's Longterm Coal?

The Public Power Corporation (PPC) can expect to pay up to 2.2 billion euros a year for carbon emission licences under the EU's revised Emissions Trading Scheme unless it shifts away from its dependence on lignite and other coal-based fuels, according to a former president of the Regulatory Authority for Energy.

Energy on Russian Αgenda

Energy on Russian Αgenda

Growing energy ties binding Greece and Russia are expected to top the agenda of talks between Prime Minister Costas Karamanlis and Russian President Vladimir Putin next week when the Greek leader visits Moscow. Tuesday’s visit will also be among Putin’s last meetings as president as he prepares to hand over his position to Dmitry Medvedev on May 7.

IENE’s 2nd SE Europe Energy Dialogue Attracts Stong International Interest

IENE’s 2nd SE Europe Energy Dialogue Attracts Stong International Interest

More then 80 speakers from 20 countries and 7 International Organizations are expected to participate in this year’s SE Europe Energy Dialogue alongside with hundreds of delegates from Greece and aboard. This year’s Dialogue international meeting is convened by the Institute of Energy for South East Europe (IENE) following the success of the 1st Energy Dialogue which was organized in Thessaloniki in June 2007.

Medvedev To Make First Trips To Kazakhstan, China

Medvedev To Make First Trips To Kazakhstan, China

Russian president-elect Dmitry Medvedev said Tuesday he will travel to China and ex-Soviet Kazakhstan on his first foreign trip following his May 7 inauguration.

Greek Government Okays Change To Mytilineos License

Greek Government Okays Change To Mytilineos License

The Greek government has approved a request by energy and metals group Mytilineos Holdings SA (MYTIL.AT) to modify its power production license in order to sell electricity, the company said Tuesday.

Turkey Plans Ankara, Sakarya Power Grid Sales By End-Jun

Turkey Plans Ankara, Sakarya Power Grid Sales By End-Jun

Turkish Privatization Agency president Metin Kilci said the agency aims to complete the sale of electricity distribution grids covering Ankara and Sakarya cities, before the end of June, the Ihlas News Agency, or IHA, reported Tuesday.

Econ Min: Germany Needs New Power Plants

Econ Min: Germany Needs New Power Plants

Germany needs new power plants to help reduce electricity costs, Economics Minister Michael Glos told Tuesday's Frankfurter Allgemeine Zeitung newspaper.

BP: 1Q Profit From TNK-BP JV Jumps Nearly Fivefold

BP: 1Q Profit From TNK-BP JV Jumps Nearly Fivefold

BP PLC (BP) said Tuesday its profit from the Russian joint-venture TNK-BP (TNBP.RS) for the first quarter jumped almost fivefold, despite lower oil production.

EC Clashes with Greece on Emissions

EC Clashes with Greece on Emissions

The European Commission said yesterday that the Environment and Public Works Ministry had been fully aware of Greece’s imminent suspension from a United Nations carbon emissions trading program – and that this could lead to legal action – even as the ministry insisted that no “final decision” had been made.

Alogoskoufis Claims Some Success in Tax Evasion Fight

Alogoskoufis Claims Some Success in Tax Evasion Fight

Economy and Finance Minister Giorgos Alogoskoufis yesterday urged tax officials to intensify their efforts in the battle against extensive tax evasion, particularly as regards illegal fuel trading, but also to show full respect for the rights of taxpayers.

RenCap Recommends Swapping Lukoil For Gazprom

RenCap Recommends Swapping Lukoil For Gazprom

Renaissance Capital advises investors in Lukoil (LKOH.RS) to move into Gazprom (GAZP.RS) instead. "We believe that after Lukoil's excellent recent run, a switch to Gazprom would make sense," says Tom Mundy.