English Edition

Greece Commences Negotiations with Russia over South Stream

Παρ, 21 Μαρτίου 2008 - 07:40

Following a series of exchange visits between Greek and Russian officials over the last few months it appears that negotiations have now started concerning Moscow’s plans to route the south branch of the planned South Stream gas pipeline through Greece. Last week (March 13) a high powered Russian delegation headed by the deputy minister for Energy Mr.Anatoli Yanofski visited Athens and held meetings with the minister for Development Mr.Christos Folias and executives from the Public Gas Corporation (DEPA).

Romania To Float 2%-5% Of Craiova Pwr Co In Spring

Παρ, 21 Μαρτίου 2008 - 07:33

Romania will float 2%-5% of its thermal power plant Craiova on the Bucharest Stock Exchange in the spring and raise the stake up to 15% in the summer, news agency Mediafax reported Teodor Atanasiu, the head of Romania's privatization agency, as saying Friday.

France To Reduce Nuclear Arsenal - Sarkozy

Παρ, 21 Μαρτίου 2008 - 07:32

President Nicolas Sarkozy announced a modest cut Friday in France's nuclear arsenal, to less than 300 warheads, and urged China and the United States to commit to no more weapons tests.

French Energy Regulator Sets Rates For 3rd-Party Access To Gas Network

Παρ, 21 Μαρτίου 2008 - 04:58

Gaz de France (1020848.FR) Friday said the French ministry responsible for energy published the new rates recommended by the French Energy Regulatory Commission (Commission de Regulation de l'Energie, or CRE) to be charged for third-party access to the natural gas distribution network (the ATRD 3 rates schedule), which should take place on Jul. 1.

MOL Says It Bought 21,000 Treasury Shrs On Bourse Thursday

Παρ, 21 Μαρτίου 2008 - 04:57

Hungarian oil and gas company MOL Magyar Olaj- es Gazipari Nyrt. (MOL.BU) said Friday that it purchased 21,000 shares of its registered equity on the Budapest Stock Exchange Thursday.

Japan, Rosneft Sign MOU On Energy Cooperation

Παρ, 21 Μαρτίου 2008 - 04:56

The Japanese government and Russian energy company Rosneft (ROSN.RS) have signed a memorandum of understanding on energy cooperation, Japan's government said Friday.

Spain,French Pwr Cos In Talks On $100B Deal-Sources

Παρ, 21 Μαρτίου 2008 - 04:54

French and Spanish companies are in advanced discussions about pursuing a tricky $100 billion deal in the Spanish utility industry that could reshape the European energy landscape.

Russian Parliament To Vote On Foreign Investment Laws Fri-AFP

Παρ, 21 Μαρτίου 2008 - 04:53

Russia's parliament is to vote Friday on a draft law limiting foreign investor access to key sectors including oil and gas, the media, and fishing, officials said.

IEA urges to overcome market barriers to increased energy efficiency in buildings

Πεμ, 20 Μαρτίου 2008 - 04:45

Energy efficiency is by far the most cost-effective way to fulfil three major energy-related challenges: increased energy security, reduced energy costs and a cleaner environment. “With surging energy consumption, high energy prices and raising CO2 emissions, the imperative to improve energy efficiency is stronger than ever”, said Nobuo Tanaka, Executive Director of the International Energy Agency (IEA). “On this road to a sustainable energy future, action in the building sector can play a key role.”

Turkey's Petrol Ofisi Aims For $12 Bln Turnover In 2008

Πεμ, 20 Μαρτίου 2008 - 04:19

Turkish fuel and oil products retailer Petrol Ofisi AS (PTOFS.IS), or POAS, is aiming to achieve annual turnover of $12 billion in 2008, Chief Executive Melih Turker said Thursday, according to Ihlas News Agency, or IHA.

Israel,Egypt In Prelim Deal For Egypt To Supply Gaza With Pwr

Πεμ, 20 Μαρτίου 2008 - 04:17

Israeli defense officials said Thursday that they have worked out a tentative deal for Egypt to become the main electricity supplier to the Gaza Strip.

RWE Npower Forms Consortium For UK Carbon Capture Project

Πεμ, 20 Μαρτίου 2008 - 04:16

RWE npower, the U.K. arm of German utility RWE (RWE.XE), said Thursday that it had formed a consortium with five other companies to build a carbon capture and storage power plant, ahead of entering a competition to get U.K. government funding for the project.

Russian Newspapers See Conspiracy Behind Raids On BP

Πεμ, 20 Μαρτίου 2008 - 04:14

Raids on the offices of U.K. oil giant BP PLC (BP) in Moscow Wednesday were conducted by secret service agents and may be part of a looming "redistribution" of oil assets in Russia, newspapers said Thursday.

DJ TNK-BP To Pipe 500,000 Tons Of Oil To China In 08

Πεμ, 20 Μαρτίου 2008 - 04:12

Russian oil-major TNK-BP (TNBP.RS) is the only company given permission to export oil from Russia to China through the Atasu-Alashankou oil pipeline in Kazakhstan in 2008, Interfax news agency reported Thursday, citing a source in the Industry and Energy Ministry.

Petrofac In EUR291M Syrian Gas Plant Project

Πεμ, 20 Μαρτίου 2008 - 04:11

Petrofac said Thursday it has received a letter of intent for the award of a EUR291 million lump-sum contract by the Hayan Petroleum Company in Syria to construct a gas treatment plant.

MOL Says It Bought 19,500 Treasury Shrs On Bourse Wednesday

Πεμ, 20 Μαρτίου 2008 - 04:09

Hungarian oil and gas company MOL Magyar Olaj- es Gazipari Nyrt. (MOL.BU) said Thursday that it purchased 19,500 shares of its registered equity on the Budapest Stock Exchange Wednesday.