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Suez Unit Buys 25% Stake of SITA Sverige From E.on

Suez Unit Buys 25% Stake of SITA Sverige From E.on

Suez (SZE.FR) unit Suez Environment said Friday its has concluded an agreement with E.On (EOA.XE) to unbundle their joint shareholdings in three Swedish companies involved in the waste market.

Iran Plans To Deliver Gas To Europe Via Croatia

Iran Plans To Deliver Gas To Europe Via Croatia

Iran plans to pipe natural gas to European Union countries through Croatia, state-run Irna news agency reported late Wednesday, citing Zagreb-based weekly National.

E.ON CFO Says Sees No Need For Antitrust Related Provisions

E.ON CFO Says Sees No Need For Antitrust Related Provisions

E.ON AG (EONGY), the world's largest investor-owned utility by market value, doesn't see any need for antitrust-related provisions in 2008, Chief Financial Officer Marcus Schenck told reporters at the company's annual earnings press conference Thursday.

Turkeys Baskent Dogalgaz Sale Draws Interest From 35 Cos-IHA

Turkey's Baskent Dogalgaz Sale Draws Interest From 35 Cos-IHA

Thirty-five foreign and domestic firms have purchased bid specifications in the tender for the sale of Baskent Dogalgaz AS, which distributes gas in the Turkish capital Ankara, the company's general manager Veysel Karani Demir told Ihlas News Agency, or IHA, Thursday.

DJ Lukoil, KazMunaiGaz To Start Atash Drilling In April

DJ Lukoil, KazMunaiGaz To Start Atash Drilling In April

Russian oil major OAO Lukoil (LKOH.RS) and Kazakhstan's state-owned oil and gas company KazMunaiGaz will start drilling the first exploration well at the Atash field in Kazakhstan in April, news agency Prime-Tass reported Thursday citing Lukoil's deputy Chief Executive Ravil Maganov.

E.ON CEO Says Grid Sale Plan Is Entrepreneurial Decision

E.ON CEO Says Grid Sale Plan Is Entrepreneurial Decision

E.ON AG (EOA.XE), the world's largest investor-owned utility by market value, Thursday said its proposal to sell its German high-voltage power transmission grid was an "entrepreneurial" decision.

Enel Mulling Setting Up Renewables Co For IPO

Enel Mulling Setting Up Renewables Co For IPO

Enel SpA (ENEL.MI) is studying the possibility of setting up a new company that will hold its renewable energy assets, in a move already made by some of its biggest rivals, Italian daily MF reports Thursday, without citing sources.

Greeces PPC Extends Rolling Blackouts Due To Strike

Greece's PPC Extends Rolling Blackouts Due To Strike

Greece's dominant electricity utility, Public Power Corporation SA (PPC.AT), extended rolling blackouts early Thursday as an ongoing strike by workers over pension reform dragged into a fourth day.

DJ Rosneft In Talks With China To Extend Pact For 5 Yrs

DJ Rosneft In Talks With China To Extend Pact For 5 Yrs

Russian oil major OAO Rosneft (ROSN.RS) is in talks with China on extending its current supply contract for five more years, the newspaper Kommersant reports Thursday, citing an unnamed source familiar with the matter.

Sofia to Raise 2020 Green Energy Usage

Sofia to Raise 2020 Green Energy Usage

Bulgaria hopes to increase the share of renewable energy to 16 percent of total annual power consumption by 2020, the state power monopoly NEK said yesterday.

EU Blast at Unfair Power Competition

EU Blast at Unfair Power Competition

The European Commission charged yesterday that Greece broke EU law by giving state-owned utility Public Power Corporation (PPC) “quasi-exclusive” rights to soft coal.

Blackout Risk at Any Moment

Blackout Risk at Any Moment

Greece remains today under the threat of a blackout, following the third day of strike action by Public Power Corporation (PPC) employees which caused extensive power cuts in many areas across the country yesterday.

EU Energy Chief, EU Gas Cut In Ukraine-Gazprom Dispute A Threat

EU Energy Chief, EU Gas Cut In Ukraine-Gazprom Dispute A Threat

European Union Energy Commissioner Andris Piebalgs said Tuesday that he believed gas supply cuts to the E.U. are a "real threat" given the escalation of the dispute between Russia's Gazprom OAO (OGZPY) and Ukraine.

German Regulator Starts Gas Price Probe Vs 35 Cos

German Regulator Starts Gas Price Probe Vs 35 Cos

The German cartel office said Wednesday it has started an investigation of 35 gas providers on suspicion of improperly inflated natural gas prices for both industrial and private household customers.