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Norway Govt Waters Down Mongstad Carbon Capture,Storage Plans

Norway Govt Waters Down Mongstad Carbon Capture,Storage Plans

OSLO (Dow Jones)--Norway's government has been lambasted by environmental groups for watering down its commitment to carbon capture and storage, or CCS, at a planned gas power plant at Mongstad due online in 2010.

EU Likely To Propose Plan To Trade Renewable Energy Goals

EU Likely To Propose Plan To Trade Renewable Energy Goals

LONDON (Dow Jones)--A European Union energy directive to help member states meet new targets set earlier this year on renewable energy use is very likely to include a proposal for a trading mechanism so countries can trade their individual targets on renewable energy, a spokesman said Wednesday.

Iran: Nuclear Fuel Shipment Strengthens Ties With Russia

Iran: Nuclear Fuel Shipment Strengthens Ties With Russia

TEHRAN (AP)--The first shipment of nuclear fuel for Iran's Bushehr nuclear power plant by Russia will strengthen strategic ties between Tehran and Moscow, a top nuclear official said Wednesday.

Cyprus gov’t to Control Gas Imports

Cyprus gov’t to Control Gas Imports

Cyprus’s parliament on Monday approved legislation stripping the energy regulator of the right to issue private licenses for natural gas supplies, allowing authorities to control future imports.

Russian Bonds Reinforced

Russian Bonds Reinforced

Karamanlis seeks closer ‘strategic’ ties in warm talks with Putin in Moscow

Project Company formed for Trans-Balkan Pipeline

Project Company formed for Trans-Balkan Pipeline

Russia, Bulgaria and Greece signed an agreement yesterday for the creation of a project company, Burgas-Alexandroupolis, for the trans-Balkan pipeline that will take oil from Bulgaria to Greece.

WSJ: Pentagon To Report Iran Still Smuggling Weapons To Iraq

WSJ: Pentagon To Report Iran Still Smuggling Weapons To Iraq

A Pentagon report will accuse Iran of continuing to funnel weapons and training personnel into Iraq, adding fuel to a heated debate among U.S. policy makers about whether Iran deserves any credit for the steep declines in Iraq's once-unrelenting violence.

Greeces PPC Eyes Deal With RWE For Two New Power Plants

Greece's PPC Eyes Deal With RWE For Two New Power Plants

ATHENS (Dow Jones)--The board of directors at Greece's dominant electric company, Public Power Corporation SA (PPC.AT), will this week decide whether to proceed with a plan to jointly build two new power plants in conjunction with Germany's RWE AG (RWE.XE).

DJ UPDATE: Iran:Bushehr Nuclear Plant At Full Capacity In Yr-AFP

DJ UPDATE: Iran:Bushehr Nuclear Plant At Full Capacity In Yr-AFP

TEHRAN (AFP)--Iran expects its first nuclear power plant will produce electricity at full capacity in around a year after passing a "critical stage" with the delivery of fuel from Russia, a top official said on Tuesday

DJ Gazprom Chmn, BP CEO Discuss Finalization Of Kovykta Deal

DJ Gazprom Chmn, BP CEO Discuss Finalization Of Kovykta Deal

LONDON (Dow Jones)--OAO Gazprom's (GAZP.RS) chairman and BP PLC's (BP) chief executive have made progress on the finalization of the Russian giant's acquisition of a stake in the Kovykta project, Gazprom said late Monday.

DJ 2nd UPDATE: Kurdish Official:Turkish Troops Enter N Iraq -AFP

DJ 2nd UPDATE: Kurdish Official:Turkish Troops Enter N Iraq -AFP

ARBIL, Iraq (AFP)--Turkish troops entered northern Iraq early Tuesday to flush out separatist Kurdish rebels, Jabbar Yawar, spokesman for the Iraqi Kurdish peshmerga security force, told AFP. The operation is the first reported ground incursion by the Turkish military inside Iraq since tension between Ankara and Baghdad erupted over the Kurdish rebel issue in October.

Gazprom Starts Production At Yuzhno-Russkoye Field

Gazprom Starts Production At Yuzhno-Russkoye Field

MOSCOW (Dow Jones)--Russian natural gas monopoly OAO Gazprom (GAZP.RS) Tuesday said it has begun production at the Yuzhno-Russkoye gas field, which is expected to be the source for the Nord Stream pipeline project to Europe.

DJ OMV Buys 5% Stake In Planned LNG Terminal;Operational In 2011

DJ OMV Buys 5% Stake In Planned LNG Terminal;Operational In 2011

VIENNA (Dow Jones)--Austrian oil and gas company OMV AG (OMV.VI) said Tuesday its gas-handling unit OMV Gas International GmbH has acquired a 5% equity stake in a planned liquified natural gas terminal in the Dutch city of Rotterdam.