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EU Still Preparing Formal Complaint in Gazprom Antitrust Case

EU Still Preparing Formal Complaint in Gazprom Antitrust Case

The European Union is still drafting a formal antitrust complaint against Gazprom OAO (GAZP.RS), despite settlement talks with the Russian energy company, the EU's antitrust chief Joaquin Almunia said Wednesday.

Brussels Probes South Stream Tender Procedures in Bulgaria

Brussels Probes South Stream Tender Procedures in Bulgaria

The European Commission is checking if the tender procedures for the construction of the Bulgarian section of the South Stream gas pipeline are compliant with EU law, the Commission’s spokesperson Chantal Hughes said, as quoted by the Bulgarian National Radio.

EDF, GDF Suez to Invest EUR600M in Belgium Nuclear Reactor

EDF, GDF Suez to Invest EUR600M in Belgium Nuclear Reactor

French power utilities Electricite de France SA (EDF.FR) and GDF Suez SA (GSZ.FR) will invest 600 million euros ($822 million) to extend the life of a nuclear reactor they jointly own in Belgium to 2025, Les Echos newspaper reports, citing unidentified sources.

Italys Eni Scales Back Push on Polish Shale Gas

Italy's Eni Scales Back Push on Polish Shale Gas

Italy's oil producer Eni SpA (E) has reduced its presence in Poland, letting two of its three shale gas exploration licenses expire, Poland's environment ministry said Tuesday.

Russia to Finance Hungary Nuclear Expansion

Russia to Finance Hungary Nuclear Expansion

Russia will provide financing for the expansion of Hungary's only nuclear power plant under a deal signed Tuesday, Janos Lazar, head of the prime minister's office, said.

Italy Taps Oil For Fix to Economic Woes

Italy Taps Oil For Fix to Economic Woes

The impoverished region of Basilicata, in the instep of the Italian boot, has long been called the Texas of Italy for oil reserves so abundant that crude bubbles out of natural springs.

China Securities Regulator Probes Sinovel Wind Group

China Securities Regulator Probes Sinovel Wind Group

Sinovel Wind Group Co., one of China's largest wind turbine manufacturers, said it is under investigation by the country's securities regulator for allegedly violating securities laws.

Russia May Build Additional Units in Bushehr

Russia May Build Additional Units in Bushehr

Russia may build additional units at the Iranian civilian nuclear facility in Bushehr, the head of Russian nuclear state corporation Rosatom, Sergei Kiriyenko, told Interfax Monday.

Applications for PV Systems Reach Target in Cyprus

Applications for PV Systems Reach Target in Cyprus

Applications for the installation of net-metered photovoltaic (PV) systems, without receiving a grant, reached around 3,000, Cyprus Energy Regulation Authority President Giorgos Siammas told CNA.