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Iran NIGC: To Complete Laying Gas Pipeline to Pakistan Border by 2014

Τρι, 5 Ιουνίου 2012 - 17:21

National Iranian Gas Co. has finished constructing nearly 75% of a pipeline that will deliver natural gas from the Iran's South Pars field to the Pakistan border, a senior company executive said Tuesday.

China, US to Lead Surge in Global Demand for Natural Gas -IEA

Τρι, 5 Ιουνίου 2012 - 17:21

Global natural gas demand will likely surge over the next five years, largely due to a more than doubling of consumption in China even as a boom in unconventional production continues unabated in the U.S., turning the country into an exporter of liquefied natural gas by 2017, the International Energy Agency said Tuesday.

EU Court Backs Annulment of Commission's Decision on EDF State Aid

Τρι, 5 Ιουνίου 2012 - 17:21

The European Union's top court backed Tuesday a lower court's annulment of a European Commission decision that had ruled French utility Electricite de France SA (EDF.FR) had enjoyed state aid in the form of a tax concession worth EUR888.89 million.

IEA Chief: Euro-Zone Crisis Difficult but Manageable

Τρι, 5 Ιουνίου 2012 - 17:20

The end of the euro zone is not a likely scenario, and while the economic situation in the region is difficult, it remains manageable for energy companies, consumers and stakeholders, the head of the International Energy Agency, Maria van der Hoeven, said Tuesday.

Turkey Sharply Cuts Imports of Iranian Crude

Τρι, 5 Ιουνίου 2012 - 17:20

Turkey will sharply cut its imports of Iranian crude in May and replace it with oil from Saudi Arabia, a spokesman for the country's sole oil refinery, Tupras (TUPRS.IS), told Dow Jones Newswires Tuesday.

Exxon Mobil CEO: Huge Oil Shale Potential in Western Siberia

Τρι, 5 Ιουνίου 2012 - 17:19

Exxon Mobil Corp. (XOM) is starting work with Russia's OAO Rosneft (ROSN.RS) in assessing what could be massive reserves of shale oil in Western Siberia, the U.S. giant's Chief Executive Rex Tillerson said Tuesday.

Bulgaria’s Electricity System Operator Suffers 13.8 Mln Euro Losses from Reduced Exports

Τρι, 5 Ιουνίου 2012 - 15:52

Bulgaria’s Electricity System Operator (ESO) suffered 27 million levs ($17.1 million/13.8 million euro) losses for the first four months of 2012 mainly due to reduced electricity exports.

China Lost 10 Bln KWh Wind Power Capacity in 2011 on Limited Grid Access

Δευ, 4 Ιουνίου 2012 - 14:22

China lost more than 10 billion kilowatt-hours of electricity generated by wind power facilities in 2011 due to limited access to the power grid, state-controlled news agency Xinhua reported Monday, citing a release by the National Energy Administration.

Russia's Putin: Marine Portion Of Nord Stream Almost Complete

Δευ, 4 Ιουνίου 2012 - 14:21

The marine portion of the Nord Stream pipeline, which will carry gas from Russia to northern Europe, is almost complete, Russian President Vladimir Putin said Monday.

Mitsubishi Heavy: Jordan Nuclear Project Still Alive

Δευ, 4 Ιουνίου 2012 - 14:21

Mitsubishi Heavy Industries Ltd. (7011.TO) believes Jordan still plans to build its first nuclear power plant in the near future, despite opposition in parliament based on fears of a major accident like the one in Fukushima last year, a company executive said Monday.

Petronas Gets Approval To Invest In Floating LNG Project

Δευ, 4 Ιουνίου 2012 - 14:21

Malaysian oil and gas company Petroliam Nasional Bhd., or Petronas, is pushing ahead with its floating liquefied natural gas facility project and will compete with Royal Dutch Shell PLC's (RDSA) proposed floating LNG plant to be the world's first of its kind.

Iran Wants Ceiling Unchanged at OPEC Meeting Amid Price Drop

Δευ, 4 Ιουνίου 2012 - 14:20

Iran said it will ask OPEC to keep its production ceiling unchanged at its June meeting, as the group's crude price fell to a level not seen since early 2011.

Delek Energy to Loan Subsidiaries $36 Million to Develop Gas Field

Δευ, 4 Ιουνίου 2012 - 14:20

Delek Energy Systems Ltd. (DLEN.TV) said Monday that it will loan its subsidiaries $36 million for the continued development of the Tamar natural gas field offshore from Israel.