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US Rice Says Concerned By Russia-Georgia Tensions - AFP

WASHINGTON (AFP)--US Secretary of State Condoleezza Rice said Friday she was "very concerned" by tensions between Russia and Georgia, noting she had telephoned her Russian counterpart, Sergei Lavrov.

Gazprom Neft To Boost Crude Oil Output To 100M Tons A Year By 2020

Moscow to Forgive Libyan Debt

Russia agreed Thursday to write off $4.5 billion of Libya's Cold War-era debt in return for military and civilian contracts between the north African country and Russian companies, officials said.

Bush Climate Plan Under Fire

A U.S. plan to cap greenhouse gases by 2025 was dismissed Thursday as too little, too late by some delegates at 17-country climate talks in Paris while others welcomed it as a first firm U.S. emissions ceiling.

Heavier Rain, Lower Reserves

Rain but less water appears to be the future for water in Attica and Greece overall, according to the experts, as climate change and the concentration of human activities in urban centers have led to heavier rainfall and flooding due to a very large volume of water falling within a short period of time.

Biofuel: Solution or Problem?

The use of crops for biofuels and other factors have pushed up food prices across the globe as a recent report by the United Nations warned that up to 5 million people were at risk of being removed from their land to make way for crops for biofuel.

As Europe Tries to Quit Fossil Fuels, PPC Burns More

Millions of tons of carbon dioxide, acid rain, a bombardment of microparticles and radioactive pollution are about to enter the atmosphere over Greece, even as Europe’s major hard coal producers are planning to shut down the sector within the next 10-15 years.

PPC Board to Meet on RWE Deal

Electricity utility Public Power Corporation's (PPC) board will discuss a cooperation deal with Germany's RWE next week, the company said yesterday, ending months of delays caused by protesting unions.

RAE Prepares to Ward off Power Shortages

A tough summer lies ahead as far as the adequate supply of electricity is concerned, said the president of the Regulatory Authority for Energy, Michalis Karamanis, yesterday.

Coal-Fired Plant

Three foreign and two Bulgarian companies have expressed interest in bidding in an open auction for a 630-megawatt coal-fired power plant in Bulgaria, the privatization agency said yesterday.

Bulgaria Power Exports

Bulgaria can regain its position as a leading power exporter in Southeastern Europe in 2010 thanks to new generating capacity, a senior official at the dominant state power utility NEK said yesterday.

Rusal To Sell 50% Of Ekibastuzskoye Coal Field To Samruk

Russia's United Co. Rusal, the world's largest aluminum producer, has agreed to sell a 50% stake in the Ekibastuzskoye coal field to the Kazakh state property management company Samruk Holding for $345 million, the company said Thursday.

Gazprom, Rosneft To Develop Russia's Arctic Shelf

Russian state-controlled energy companies OAO Rosneft (ROSN.RS) and OAO Gazprom (GAZP.RS) will obtain rights to develop oil and gas deposits on the Russian Arctic shelf, the Kommersant daily said Thursday, citing the country's natural resource minister Yury Trutnev.