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Gazprom Seeks Large Stake In Snam Rete Gas From Eni - Report

Gazprom Seeks Large Stake In Snam Rete Gas From Eni - Report

ROME (Dow Jones)--OAO Gazprom (GAZP.RS) wants to buy a "relevant" stake in Italy's Snam Rete Gas SpA (SRG.MI) as part of its accord with Eni SpA (E), daily Corriere della Sera reports Monday, without citing its source.

Outlook for Greece’s Economy is Becoming Increasingly Gloomy

Outlook for Greece’s Economy is Becoming Increasingly Gloomy

The Greek economy outgrew its eurozone partners again in 2007 but it increasingly looks like it will face stronger headwinds than expected this year as world oil prices do not seem to be coming down significantly from record levels, although the credit crisis has started hurting economic activity in the USA and elsewhere.

Russias Medvedev Travels To Serbia To Sign Key Pipeline Deal

Russia's Medvedev Travels To Serbia To Sign Key Pipeline Deal

BELGRADE (AP)--The man expected to win Russia's upcoming presidential election visited Serbia on Monday to sign a multibillion-dollar pipeline agreement -a trip that underscored Moscow's close ties with Belgrade.

Turkey Delays Formal Announcement of First Nuclear Plant Tender

Turkey Delays Formal Announcement of First Nuclear Plant Tender

Turkey yesterday delayed the opening of a tender for the construction of the country’s first nuclear power plant. The Energy Ministry was waiting for a government audit agency to comment on the tender’s technical details before potential bidders could be invited, state-run media said. Officials said earlier that it was not clear how long the delay would be.

The EU Commissioner and the Minister

The EU Commissioner and the Minister

The recent clash between Environment and Public Works Minister Giorgos Souflias (photo left) and European Commissioner for the Environment Stavros Dimas (right), as well as the way the minister handled their differences, is a reflection of the mentality of Souflias himself as well his ministry’s general attitude toward environmental issues. “Every time Mr Dimas visits Greece, he does whatever he can to draw attention to himself and boost his own image by criticizing the work of the ministry and the government,” was Souflias’s surprising statement on January 22. This was seen not only as a criticism of Dimas himself but of his official role. Souflias’s words were reported in Northern Europe, where his name is largely unknown, unlike Dimas, who is generally regarded favorably.

E.On In Talks Over Selling Thuega

E.On In Talks Over Selling Thuega

German utility E.On AG (EOA.XE) is in talks over selling its subsidiary Thuega, German manager-magazin.de reports Friday, citing people close to public utilities.

Nabucco Pipeline On Track, Makes Commercial Sense

Nabucco Pipeline On Track, Makes Commercial Sense

The European Union's Nabucco pipeline project will be built because it is an economically profitable alternative to diversify the continent's gas supply, a U.S. official said Friday.

PPC Reschedules Bd Meet To Discuss Potential JVs To Feb. 26

PPC Reschedules Bd Meet To Discuss Potential JVs To Feb. 26

Greece's 51% state-controlled electricity company Public Power Corporation SA (PPC.AT) has rescheduled a board meeting, that will decide on controversial joint venture deals, to Feb. 26.

Turkey Invites Russia To Join Nuclear Plant Tender

Turkey Invites Russia To Join Nuclear Plant Tender

Turkey has invited Russia to take part in a tender to build the country's first nuclear power station, Ihlas news agency, or IHA, reported Friday, citing the Turkish foreign ministry.

RWE To Raise Renewable Power Capacity To 10 Gigawatt By 2020

RWE To Raise Renewable Power Capacity To 10 Gigawatt By 2020

RWE AG (RWE.XE), Germany's second-largest utility by market value behind E.On AG (EOA.XE), Friday said it plans to more than triple its installed renewable generation capacity by 2012 to reduce its exposure to the trade of carbon dioxide emissions.

CNE Could Side With ACS Over Iberdrola Voting Rights

CNE Could Side With ACS Over Iberdrola Voting Rights

CNE, the Spanish energy regulator, could reject a request by Spanish utility Iberdrola SA (IBE.MC) to curb the voting rights and stake holding of its top shareholder, Actividades de Construccion y Servicios SA (ACS.MC), Spanish daily ABC reports Friday.

GdF Works Council Further Delays Its View On Suez

GdF Works Council Further Delays Its View On Suez

Gaz de France's (1020848.FR) European works council didn't state its opinion on the company's merger with French utility Suez (SZE.FR) during its meeting Thursday, French business daily Les Echos reported Friday.