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Bulgaria’s Electricity Exports Sharply down

Bulgaria’s dominant power utility NEK said its electricity exports would be around 4.5 kilowatt-hours (kWh) this year, some 42 percent less than a year earlier but much more than previously expected.

EU OKs Enel To Buy Majority Stake In Romania's Electrica

BRUSSELS (Dow Jones)--The European Commission Friday cleared Italy's Enel SpA (ENEL.MI) to buy a 67.5% stake in Romanian state-run retail power company Electrica SA.

Suez European Works Council To File GdF Merger Opinion Jan7

PARIS (Dow Jones)--The European works council of Franco-Belgian energy and environment conglomerate Suez (SZE.FR) said Thursday it will give an opinion on the company's planned merger with Gaz de France (1020848.FR) Jan. 7.

Putin Could Become Gazprom Chairman Next Year

Russian President Vladimir Putin could take over from his likely successor Dmitry Medvedev as chairman of OAO Gazprom

Enel, F2i Sign MoU For Possible Italy Gas Storage Investment

ROME (Dow Jones)--Enel SpA (ENEL.MI), Italy's biggest utility by revenue, said Friday it has signed a memorandum of understanding with infrastructure fund F2i to study possible joint projects in the country's natural gas storage market, with potential investment of EUR250 million.

Gaz de France Sets Expansion In Germany

French utility Gaz de France SA (1020848.FR) intends to use its acquisition of 49.9% of the Leizig municipal utility as a springboard to expand its position in Germany, according to Leipziger Volkszeitung's Friday edition, citing Chief Executive Jean-Francois Cirelli

Shell,StatoilHydro Scrap Norway Clean Gas-Fired Power Proj

LONDON (Dow Jones)--Royal Dutch Shell PLC (RDSB.LN) and StatoilHydro ASA (STO) have said they have scrapped plans to build a clean gas-fired power plant in Norway.

Russian Expert: Pres Putin Has $40B Personal Fortune

Russian President Vladimir Putin has a personal fortune of more than $40 billion reportedly hidden in Switzerland and Liechtenstein, Russian political expert Stanislav Belkovsky tells The Guardian an interview published Friday

OMV: MOL-CEZ Stake Deal Is Abuse Of MOL-Hldrs Funds

VIENNA (Dow Jones)--Austrian oil and gas company OMV AG (OMV.VI) Thursday night said it considers its Hungarian peer MOL Nyrt.'s (MOL.BU) decision to sell a 7% stake in the company to Czech utility CEZ A.S. (BAACEZ.PR) an abuse of shareholder money.

No Solution On Kashagan, Talks To Continue

ALMATY, Kazakhstan (Dow Jones)--Eni SpA-led (E) consortium members developing the giant Kashagan field in Kazakhstan signed an "interim" memorandum Friday but have failed to agree on a final solution to the ongoing dispute, a source familiar with the talks told Dow Jones Newswires.

Enel Chmn Expects Asset Sale To E.ON Concluded By End-1H 2008

Greece's PPC Puts Off Vote On RWE Memorandum Of Understanding

ATHENS (Dow Jones)--The board of directors of dominant Greek electricity company Public Power Corp. SA (PPC.AT) agreed Thursday to put off a decision on a controversial joint venture with Germany's RWE AG (RWE.XE) until its January 2008 meeting.

Dong Energy To Build Bioethanal Demonstration Plant in Sweden

Dong Energy said Thursday that its plans regarding constructing a second-generation bioethanol demonstration plant at Kalundborg are supported by a DKK22.5 million grant from the Government's Programme for Energy research - EFP.