English Edition

Gazprom, China to Determine Gas Price in June - Chairman

Τετ, 27 Μαρτίου 2013 - 17:48

Russia's OAO Gazprom (GAZP.RS) will likely determine a price in June with China for gas supplies, the state gas giant's chairman said Wednesday on Rossiya 24 television.

EU Says More Must be Done to Reach 2020 Renewable Energy Target

Τετ, 27 Μαρτίου 2013 - 17:47

European countries have to do more if they want to meet targets to increase the use of renewable energy by 2020, the European Union's executive body said Wednesday, warning that failure to meet those targets would have "major consequences."

Eni CEO: Turkish Oil Pipeline Project on Hold

Τετ, 27 Μαρτίου 2013 - 17:47

Eni SpA (E) Chief Executive Paolo Scaroni Wednesday said an oil pipeline project in Turkey that the Italian energy company is involved in is on hold because the potential returns from the initiative don't justify it, but added he was optimistic it will eventually be built.

EU Should Create 3 Binding Emissions Targets - Climate Chief

Τετ, 27 Μαρτίου 2013 - 17:47

The European Union should set three binding targets and have a functioning carbon market to build an effective climate policy to 2030, top EU officials said Wednesday.

Libya to Supply Oil on Credit to Troubled Egypt - Official

Τετ, 27 Μαρτίου 2013 - 17:46

Libya plans to supply 1 million barrels of oil a month to Egypt on credit, Libya's deputy oil minister said Wednesday, a move that could offer relief from fuel shortages that have recently afflicted the embattled Egyptian economy.

Bulgaria to Suspend Some 40% of Solar, Wind Power Plants

Τετ, 27 Μαρτίου 2013 - 12:23

The Bulgarian authorities will suspend the operations of 40% of solar and wind power plants due to non-compliance, the country’s energy ministry said on Tuesday.

Iraq's Oil Production Capacity Seen Rising to 4.5M B/D by 2014 -Official

Τρι, 26 Μαρτίου 2013 - 18:12

Iraq's crude oil production is expected to rise to 4.5 million barrels a day by the end of next year, a senior Iraqi oil official said Monday.

Saudi's Naimi Says Crude Price of Around $100/B Is Reasonable

Τρι, 26 Μαρτίου 2013 - 18:12

Crude prices of around $100 a barrel are resonable for both consumers and producers, the oil minister of top oil exporter Saudi Arabia said Monday.

Shell: Gets Chinese Approval On Shale Gas Project

Τρι, 26 Μαρτίου 2013 - 18:11

Royal Dutch Shell PLC said Tuesday it had received approval from the Chinese government for its first shale gas production-sharing contract in China, a significant milestone as China looks to tap potentially massive unconventional gas reserves and achieve ambitious shale gas production targets.

Saudi Says Busted Spy Cell Directly Linked to Iran

Τρι, 26 Μαρτίου 2013 - 18:11

An alleged spy cell dismantled last week in Saudi Arabia had "direct links" to Iran's intelligence services, the kingdom's interior ministry said on Tuesday.

Rosneft Approves Loan of up to around $10 Billion from TNK-BP

Τρι, 26 Μαρτίου 2013 - 18:11

Russian state-owned oil giant Rosneft (ROSN.RS) said Tuesday its board of directors has approved a potential loan worth up to around $10 billion from TNK-BP, a joint-venture recently acquired by the Russian oil major, for a period of five years.

Enel CEO: More Interested in Buying TAP Pipeline Gas Than Stake in Project

Τρι, 26 Μαρτίου 2013 - 18:10

Italian utility Enel SpA (ENEL.MI) is more interested in buying the Caspian natural gas that will be carried by the planned Trans Adriatic Pipeline than in acquiring a stake in the project, the company's chief executive said Tuesday.

Albanian Parliament Ratifies Intergovernmental Agreement on the Trans Adriatic Pipeline

Τρι, 26 Μαρτίου 2013 - 12:19

On March 25, 2013 the Albanian Parliament unanimously ratified the Intergovernmental Agreement (IGA) between Albania, Italy and Greece on the construction and operation of the Trans Adriatic Pipeline (TAP) project. Signed in Athens on February 13, 2013, the tri-lateral IGA confirmed the three host countries’ support for TAP and their cooperation for the project’s timely implementation.