English Edition

TANAP Project to Cost Totally USD 7bn

Πεμ, 7 Ιουνίου 2012 - 15:30

The oil transport from Azerbaijan to Turkey will be resumed on Friday, SOCAR President Rovnag Abdullayev has told journalists.

China National Nuclear Power Plans A-Share IPO to Fund US$27.5Bln In Power Projects

Τετ, 6 Ιουνίου 2012 - 17:50

China National Nuclear Power Co. said Wednesday it is planning a Shanghai initial public offering that will go toward financing five power projects worth CNY173.5 billion ($27 billion), in a multibillion dollar deal that signals that the country's ramp up of nuclear power is moving forward.

China Oil Imports From Iran Unchanged -China Development Bank Chief

Τετ, 6 Ιουνίου 2012 - 17:49

Despite international pressure on China to cut its oil imports from Iran, imports from that country remain unchanged, China Development Bank Chairman Chen Yuan said Wednesday.

German Power, Gas Prices Could Rise After Court Grid Ruling

Τετ, 6 Ιουνίου 2012 - 17:49

Retail power and natural gas customers in Germany face rising energy bills after a higher regional court Wednesday ruled that the calculation methods used by the national regulator for power and gas grids are flawed.

EU Energy Chief Starts Debate on post-2020 Climate Policy

Τετ, 6 Ιουνίου 2012 - 17:49

The European Union must start to consider how to shape its climate policy after 2020, its energy commissioner said Wednesday as he raised the curtain on a debate about the future of one of the bloc's most ambitious policies.

Energy Efficiency Focus Fuels New Shipping Strategies on First Day of Posidonia 2012

Τετ, 6 Ιουνίου 2012 - 13:30

As persistent high oil prices and the burden of increased regulatory compliance have rendered energy management strategy development crucial for fleet owners worldwide, the shipping industry is on the verge of a new frontier where novel concepts and sophisticated approaches to ship design and performance verification methods emerge.

Azerbaijan Only Real Gas Supplier to Europe - DEPA

Τετ, 6 Ιουνίου 2012 - 13:28

Turkey currently plays a role of a bridge between energy suppliers and consumers. The statement came from deputy general manager of the Turkish Botas pipeline company Savash Yanik speaking at the 19th Caspian Oil & Gas-2012 exhibition.

Bulgaria has Offered to Rosatom to Participate in the Construction of Unit 7 of Bulgaria's Kozloduy NPP

Τετ, 6 Ιουνίου 2012 - 13:18

Bulgaria has offered to Rosatom to participate in the construction of Unit 7 of Bulgaria's Kozloduy Nuclear Power Plant, NPP.

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.