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EU Almunia: Preparing Statement of Objections Against Gazprom

Πεμ, 3 Οκτωβρίου 2013 - 18:30

The European Union's antitrust watchdog is preparing to initiate formal legal proceedings against Russian state-owned energy giant OAO Gazprom (GAZP.RS), saying it acted unfairly on the bloc's eastern flanks, its chief said Thursday.

EU Steps Up Scrutiny of Gazprom

Πεμ, 3 Οκτωβρίου 2013 - 18:30

The European Union's antitrust watchdog has stepped up its scrutiny of OAO Gazprom (SIBN.RS), saying it was preparing to initiate formal legal proceedings against the Russian state-owned energy giant in its probe of how Gazprom supplies gas to Eastern Europe.

Gas Riches Off Cyprus Lower Than Expected - Minister

Πεμ, 3 Οκτωβρίου 2013 - 18:29

Gas reserves off Cyprus are nearly a third less than initially estimated but remain "substantial," the country's energy minister said Thursday, insisting it would proceed with ambitious production plans.

FYROM to Further Liberalise Electricity Market for Industrial Consumers from April 2014

Πεμ, 3 Οκτωβρίου 2013 - 12:58

The liberalisation of the FYROM electricity market for all industrial consumers will start on April 1, 2014, the country’s regulatory energy commission said. The liberalisation of the power market for all consumers, including households, will start on January 1, 2015, the regulatory energy commission said in a statement on its website on Tuesday

Lebanon Delays Again First Auction of Offshore Energy Licenses

Τετ, 2 Οκτωβρίου 2013 - 19:22

Lebanon has delayed for the second time the first auction of oil and natural gas licenses in its Mediterranean coastal waters after the government failed to vote on decrees needed to start the bidding process, Energy Minister Gebran Bassil said Wednesday.

Libyan Oil Shutdown Could Damage Some Wells - Oil Minister

Τετ, 2 Οκτωβρίου 2013 - 19:22

The shutdown of Libyan oil fields by armed strikers could lead to some wells being damaged, the country's oil minister said Wednesday, as concerns grow the disruptions could impede the country's long-term oil potential.

Israeli Central Bank to Buy $3.5B in 2014 to Offset Gas Impact

Τετ, 2 Οκτωβρίου 2013 - 19:21

The Bank of Israel said it will purchase $3.5 billion in foreign currency during 2014 as part of its program to offset the impact of local natural gas production on the country's current account and exchange rate.

Hungary Asks MOL to Consider Croatia INA Stake Sale

Τετ, 2 Οκτωβρίου 2013 - 19:21

The Hungarian government Wednesday asked oil and gas company MOL Nyrt. (MOL.BU) to consider selling its 49.1% stake in Croatian peer INA d.d. (INA.ZG), while rejecting efforts by Zagreb to regain control over INA by issuing an arrest warrant for MOL's top executive.

GE Gets Nearly $600 Million Equipment Pact for Siberia LNG Project

Τετ, 2 Οκτωβρίου 2013 - 19:21

General Electric Co. (GE) said it received a contract to provide nearly $600 million in turbomachinery equipment for a liquefied natural gas project in northern Siberia.

Chevron and Tohoku Electric Sign 20-Year Wheatstone LNG Agreement

Τρι, 1 Οκτωβρίου 2013 - 18:23

Japanese utility Tohoku Electric Power Co. (9506.TO) has committed to a 20-year deal to buy more liquefied natural gas from Australia, reinforcing the country's position as the biggest supplier to the largest user of LNG at a time Japan is debating whether to resume nuclear power production.