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Russias South Stream Gas Supplies To Begin In 2013 -Report

Russia's South Stream Gas Supplies To Begin In 2013 -Report

Gas supplies under the project South Stream will begin in 2013, Itar-Tass reported Friday. The decision was made during a working meeting of OAO Gazprom chief of the board of governors Alexei Miller and the chief of ENI SpA concern, Paolo Scaroni on Friday.

Imperial Holds Gazprom Cooperation Talks Post Bid Rejected-FT

Imperial Holds Gazprom Cooperation Talks Post Bid Rejected-FT

Imperial Energy Corp. PLC is already holding discussions with Russian gas monopoly OAO Gazprom to find other ways to cooperate after it rejected an offer by the banking arm of Gazprom to acquire a 25% stake in the company, The Financial Times reports citing a source close to the U.K. firm.

IEAs Birol:Oil Becoming Political Weapon Is Dangerous-Report

IEA's Birol:Oil Becoming Political Weapon Is Dangerous-Report

Crude oil and natural gas are increasingly becoming tools for political pressure for producing countries, said Fatih Birol, chief economist of the International Energy Agency, in an interview published Friday in Germany daily Die Welt.

Italian Watchdogs Start Fact-finding Probe In Gas Storage

Italian Watchdogs Start Fact-finding Probe In Gas Storage

Italy's energy regulator and the antitrust watchdog late Thursday said they have started a fact-finding investigation into the country's natural gas storage to determine if there are obstacles to new capacity.

Homeowners are Urged to Switch over to ‘Green’ Light Bulbs and See the Difference

Homeowners are Urged to Switch over to ‘Green’ Light Bulbs and See the Difference

Lighting is one of the least energy-efficient practices in the home, with a mere 10 percent of energy used providing actual light, the remainder providing unwanted, unnecessary heat. One of the three main greenhouse gases, carbon dioxide (CO2) is emitted whenever a light is turned on. And given that lighting generally accounts for about a 10th of a homeowner’s energy bill, lighting is one of the least environmentally sound aspects of modern living.

Turkey Approves Petkim Sale

Turkey Approves Petkim Sale

Turkey’s privatization board said yesterday that it approved the sale of a 51 percent stake in the state-run petrochemicals company Petkim to the second-highest bidder.

Turkey OKs Sale Of Petkim To SOCAR-Turcas-Injaz Group -IHA

Turkey OKs Sale Of Petkim To SOCAR-Turcas-Injaz Group -IHA

Turkish Privatization Agency, or OIB, said Thursday that the Supreme Board of Privatization, a body consisting of privatization officials including cabinet members, has approved the sale of state petrochemicals producer Petkim to SOCAR-Turcas-Injaz Consortium, the Ihlas News Agency, or IHA, reported.

Eni CEO: Gazprom Still Hasnt Decided On North Africa Assets

Eni CEO: Gazprom Still Hasn't Decided On North Africa Assets

Paolo Scaroni the chief executive of Eni SpA Thursday said OAO Gazprom still hadn't decided which stakes in the Italian oil company's North Africa assets it will pick as part of an accord with the Russian gas behemoth.

Gazprom Mulls Raising W Europe Gas Price 60% In 2008 - Report

Gazprom Mulls Raising W Europe Gas Price 60% In 2008 - Report

Russian natural gas monopoly OAO Gazprom is considering raising gas prices for western European customers by up to 60% in 2008, German daily Die Welt reports Thursday, citing Gazprom Deputy Chief Executive Alexander Medvedev

Gazprom, Eni To Sign Pipeline Deal Thursday - Report

Gazprom, Eni To Sign Pipeline Deal Thursday - Report

Russia's OAO Gazprom and Italy's Eni SPA will Thursday sign a deal on the South Stream gas pipeline linking their two countries, the Kommersant daily reported, citing unnamed sources.

Turkey Min:6th Nabucco Partner To Be Picked In Coming Wks-IHA

Turkey Min:6th Nabucco Partner To Be Picked In Coming Wks-IHA

Turkish Energy Minister Hilmi Guler said late Wednesday that a sixth partner for the Nabucco Project will be selected within the next few weeks, the Ihlas News Agency, or IHA, has reported Wednesday.

UN Plots Chernobyl Zone Recovery

UN Plots Chernobyl Zone Recovery

The UN has said the "emergency phase" is over in the areas affected by the Chernobyl nuclear plant disaster in Ukraine in 1986. A resolution has been adopted by the General Assembly in New York. It calls for continuing attention to "Chernobyl-related needs" but also urges a move to the "recovery phase".

UES To Sell 21% Stake In Mosenergo To Moscow Govt -Paper

UES To Sell 21% Stake In Mosenergo To Moscow Govt -Paper

Russian electricity monopoly RAO Unified Energy System of Russia has agreed to sell its 21.1% stake in Moscow generation company OAO Mosenergo to the city's government, business daily Kommersant reported Thursday, citing a UES spokeswoman

Eni CEO: Pricing Of Gas Supplies To Baltic LNG Deal Crucial

Eni CEO: Pricing Of Gas Supplies To Baltic LNG Deal Crucial

Eni SpA Chief Executive Paolo Scaroni said Thursday that the cost of natural gas supplies by OAO Gazprom to the Russian company's planned liquified natural gas Baltic sea project will be crucial to the deal.