English Edition

Hungary To Hike Household Gas Prices By Avg 5.8% From April

Πεμ, 28 Φεβρουαρίου 2008 - 04:49

The Hungarian government will increase household natural gas prices by an average 5.8% from April 1, the Ministry of Economy said in a release Thursday.

Italy's Berlusconi Eyes Intl Nuclear Deals If Elected

Πεμ, 28 Φεβρουαρίου 2008 - 04:48

Italy's conservative leader Silvio Berlusconi, who is favored to win April elections, would put international alliances in nuclear power as one of his top priorities in office, daily la Repubblica reports Thursday.

GdF, Suez Unions Impasse Could Delay Merger

Πεμ, 28 Φεβρουαρίου 2008 - 04:47

A power struggle has broken out between Gaz de France (1020848.FR) and Suez's (SZE.FR) European work councils, which are crucial to breaking the impasse which has delayed the EUR75 billion merger of the two companies, The Financial Times reports Thursday, without citing sources.

Lotos 4Q Net Pft Surges On Inventories, Financials

Πεμ, 28 Φεβρουαρίου 2008 - 04:46

Grupa Lotos SA (LTS.WA) Thursday said consolidated fourth-quarter net profit more than doubled, helped by inventory valuation, a stronger Polish currency and improved refining margins.

Volga Gas Successfully Amends Karpenskiy License >VGAS.LN

Πεμ, 28 Φεβρουαρίου 2008 - 04:44

Independent gas exploration and production company Volga Gas PLC (VGAS.LN) Thursday said it had successfully amended the terms of its license to the Karpenskiy field with the Federal Agency for Natural Resources.

EdF May Have 6% Stk In Iberdrola Through Derivatives

Πεμ, 28 Φεβρουαρίου 2008 - 04:43

Electricite de France SA (1024251.FR) may already own a 6% stake, through derivatives, in Spanish utility Iberdrola SA (IBE.MC), Expansion reports Thursday, citing sources in financial markets.

Gazprom, SUEK Must Sell 2 Regional Generators - Vedomosti

Πεμ, 28 Φεβρουαρίου 2008 - 04:41

Russia's OAO Gazprom (GAZP.RS) and OAO SUEK will have to sell two generation companies before a planned merger of their energy assets gets antitrust approval, the Vedomosti business daily reports Thursday.

EU Energy Groups To Avoid Split Of Assets

Πεμ, 28 Φεβρουαρίου 2008 - 03:34

Some of the largest European energy groups are poised to escape a forced split of their assets because of Franco-German resistance to European Union liberalization measures, the Financial Times reports Thursday, without citing sources.

National Zoning Plan Gets Go-Ahead from the Cabinet

Πεμ, 28 Φεβρουαρίου 2008 - 01:12

As the government unveiled the country’s first national zoning plan yesterday, protesters in Kavala, northern Greece held the biggest demonstration seen in the city in 25 years to demand the shelving of plans to construct a new coal-powered energy plant in the area.

Bulgaria-FYROM Power Grid

Πεμ, 28 Φεβρουαρίου 2008 - 01:08

Bulgaria and the Former Yugoslav Republic of Macedonia (FYROM) will speed up the construction of a planned power grid linking the two countries to sooth supply fears in Skopje after Kosovo declared independence, Bulgaria’s economy and energy minister said yesterday.

Sofia Snubs Renewable Energy Sources In Favor of a New Nuclear Facility

Πεμ, 28 Φεβρουαρίου 2008 - 01:04

Bulgaria should push ahead with plans to build a new nuclear power plant, rather than opt for wind and solar power to solve its energy problems, the economy and energy minister said yesterday.

Turkey Now Sees No Need for Seventh Nabucco Partner

Πεμ, 28 Φεβρουαρίου 2008 - 01:01

The six-nation natural gas pipeline project Nabucco is «crowded enough» and there is no need at present to discuss a seventh partner, the head of Turkey's state gas pipeline company Botas said yesterday. Gaz de France said earlier in the day that it was still ready to join if the consortium behind the Nabucco pipeline, which is designed to help Europe diversify its gas imports away from Russia, backed its participation.