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RWE Shelves Plans For CCS Plant In Western Germany

Τετ, 8 Δεκεμβρίου 2010 - 18:33

German utility RWE AG (RWE.XE) said Wednesday it has shelved plans to build a coal-fired power plant with large-scale carbon capture and storage technology, a year after it said the project would be delayed due to a lack of adequate legislation.

Russia May Revive PSAs For New Oil, Gas Projects-Shmatko

Τετ, 8 Δεκεμβρίου 2010 - 18:32

Russia said Wednesday it may revive the practice of production-sharing agreements for new oil and gas projects, like the PSAs it had signed with companies ExxonMobil Corp (XOM) and Royal Dutch Shell PLC (RDSA) in the 1990s, indicating an radical change to the government's current position on partnership deals.

GDF Suez Enters Exploration In Greenland Waters

Τετ, 8 Δεκεμβρίου 2010 - 18:32

French energy giant GDF Suez (GSZ.FR) Wednesday said it has signed its official entry into two gas and oil exploration licenses with the Greenlandic Ministry of Industry and Mineral Resources, and has a share of 26.3% in each license.

2010 Oil Demand Growth 2nd Biggest Ever -WoodMac

Τετ, 8 Δεκεμβρίου 2010 - 18:32

Oil demand is on track to grow by 2.5 million barrels a day in 2010, the second largest annual increase on record, says consultancy Wood Mackenzie. "Only twice before in the past 30 years has demand grown as much as this...2010 will be second only to the surge in 2004," it says.

Thailand: 4,300 MW of Renewables with Feed-in Tariffs

Τετ, 8 Δεκεμβρίου 2010 - 17:16

Since the introduction of its small power program in 2006, Thailand has signed contracts to develop 4,300 MW of renewable generation. Nearly half of the contracts--1,800 MW--are for solar energy alone.

Cyprus: Vitol to Start Building a 340,000-cubic-metre Storage Facility in Cyprus

Τετ, 8 Δεκεμβρίου 2010 - 15:04

Vitol [VITOLV.UL], one of the world's largest independent energy traders, said it will start building work on a 340,000-cubic-metre storage facility for gasoline, diesel and jet fuel and on a distribution terminal in Cyprus next month.

Turkey: Tenders for Power Grids Attract $5.05 bln in Bids

Τετ, 8 Δεκεμβρίου 2010 - 15:03

Turkey attracted $5.05 billion in bids at tenders for three state-run electricity-distribution networks, reducing the state's role in the energy sector and bringing much-needed investment to the country's power grids.

GEK Terna, Mytilineos Go After Syrian Power Pie

Τετ, 8 Δεκεμβρίου 2010 - 15:02

Syria selected Mitsui & Co of Japan and 15 other companies and groups to bid this month for a contract to build and operate the country’s first privately owned power plant, an Electricity Ministry official said. The Nasserieh plant, to be located northeast of the capital Damascus, will have a capacity of 180 to 250 megawatts, Khaled Homsi, head of the ministry’s public-private partnership unit, said in written comments yesterday.

E.ON Ruhrgas Sees No Quick End To Gas Surplus Supply

Τρι, 7 Δεκεμβρίου 2010 - 18:39

E.ON Ruhrgas, the gas unit of German utility E.ON AG (EOAN.XE), said Tuesday it doesn't expect a quick end to the surplus supply situation on the market for natural gas.

Iran Wouldn't Agree To Suspend Uranium Enrichment - Jalili

Τρι, 7 Δεκεμβρίου 2010 - 18:38

Tehran wouldn't agree to suspend uranium enrichment during a planned meeting next month with world powers in Istanbul, Iranian chief negotiator Saeed Jalili said Tuesday.

Turkey's Yildizlar Bids $2.075B For Toroslar Power Grid

Τρι, 7 Δεκεμβρίου 2010 - 18:38

Turkish energy firm Yildizlar SSS Tuesday submitted a $2.075 billion bid to acquire 100% control of state-run electricity distribution company Toroslar Elektrik Dagitim AS.

Russia, US Sign Deal To Convert Nuclear Reactors

Τρι, 7 Δεκεμβρίου 2010 - 18:37

Russia and the U.S. Tuesday agreed to co-operate on converting highly-enriched research nuclear reactors into low-enriched ones, as part of a broader program to reduce the risk of nuclear proliferation worldwide.

EnBW To Review Renewables, Gas Strategy Post EDF Exit

Τρι, 7 Δεκεμβρίου 2010 - 18:37

EnBW Energie Baden-Wuerttemberg AG (EBK.XE) will review its strategy on renewable energies and natural gas following the departure of Electricite de France SA (EDF.FR) as the major shareholder at Germany's No. 3 power utility, its chief executive said Tuesday.