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Greeces PPC Fined For Polluting Practises

Greece's PPC Fined For Polluting Practises

Greek electricity monopoly Public Power Corp. SA (PPC.AT) has been fined EUR449,100 for air pollution following an audit, the Ministry of Environment, Energy and Climate Change said Thursday.

Climate Meet In Switzerland To Discuss Long-term Finance

Climate Meet In Switzerland To Discuss Long-term Finance

Ministers will meet in Switzerland next month to discuss crucial financing to curb the impact of global warming, ahead of the United Nations climate conference in Cancun, Swiss authorities said Thursday.

Lebanon To Auction Offshore Gas Exploration By 2012

Lebanon To Auction Offshore Gas Exploration By 2012

Lebanon's energy minister Thursday said his country plans to outline its maritime sea borders and auction off rights to explore potential offshore natural gas and petroleum reserves by 2012.

Finland Aims To Build First Ever Green Highway

Finland Aims To Build First Ever Green Highway

Finland wants to build the world's first "green highway," with service stations offering charging points for electric cars and pumps filled with local biofuels, the project manager said Thursday.

Bulgaria to Approach Russia for More Tangible Cut of Gas Price

Bulgaria to Approach Russia for More Tangible Cut of Gas Price

Bulgarian Deputy Economy, Energy and Tourism Minister Marii Kossev told journalists on Wednesday that Bulgaria will be seeking additional talks with Russia about a "genuine and more tangible" reduction of the price of natural gas.

Iran Gas Ambition Requires China to Crack LNG Secret

Iran Gas Ambition Requires China to Crack LNG Secret

Iran is unlikely to become a big exporter of natural gas unless China — a crucial partner as international sanctions scare others off — can develop tricky technology to liquefy the country’s massive gas reserves.

Vestas Posts Surprise Loss and Cuts Outlook

Vestas Posts Surprise Loss and Cuts Outlook

World No.1 wind turbine maker Vestas posted a surprise second-quarter loss and unexpectedly cut its 2010 earnings outlook as customers delayed orders in the wake of the credit crisis.

Iraq To Double Missan Oil Fields Output In 2011

Iraq To Double Missan Oil Fields Output In 2011

Iraq's state-owned Missan Oil Co. is working hard to double its current crude production from the southern oil fields in Missan governorate next year, MOC's head Ali Maarij told Dow Jones Newswires Wednesday.

Japan Launches Probe Into Gulf Oil Tanker Blast

Japan Launches Probe Into Gulf Oil Tanker Blast

Japan launched an investigation Wednesday into a suspected militant attack on one of its oil tankers in the Strait of Hormuz last month, calling the blast an "extremely grave" incident.

GDF Suez, EdF, Iberdrola, Enel Unit File Bids For Enea

GDF Suez, EdF, Iberdrola, Enel Unit File Bids For Enea

GDF Suez SA (GSZ.FR) Electricite de France SA (EDF.FR), Iberdrola SA (IBE.MC), Kulczyk Investments, Energeticky A Prumyslowy Holding and Enel's (ENEL.MI) Slovenske Elektrarne filed preliminary offers for Polish power group Enea SA (SA), daily Puls Biznesu reports Wednesday without citing a source.

Kosmos Cancels Deal To Sell Ghana Oil Assets To Exxon

Kosmos Cancels Deal To Sell Ghana Oil Assets To Exxon

Kosmos Energy LLC said Wednesday it has called off the sale of its Ghana oil assets to Exxon Mobil Corp. (XOM), dealing a blow to the U.S. oil major's drive to tap a major new oil region in West Africa.

Australias Energy Industry Gains Momentum

Australia's Energy Industry Gains Momentum

Three deepwater natural-gas discoveries off the western coast of Australia, announced this week by Chevron Corp. and Woodside Petroleum Ltd., could add momentum to the nation's emergence as a top exporter of the fuel.

Two China New Energy Firms Eye $2 billion in IPOs

Two China New Energy Firms Eye $2 billion in IPOs

China Huaneng Group Corp and Datang Corp, the country's top power producers, plan to float shares of their renewable energy units in Hong Kong in offerings that could raise over $2 billion, sources close to the deals said on Tuesday.

Bulgaria, Azerbaijan Inch Closer to Gas Deal

Bulgaria, Azerbaijan Inch Closer to Gas Deal

Bulgaria and Azerbaijan are inching closer to a deal that would allow Azeri gas deliveries of about 2 billion cubic meters (bcm) to the Balkan country by the end of 2013, state gas company Bulgartransgaz said yesterday. Bulgaria has stepped up efforts to reduce its almost complete dependence on Russian gas by diversifying routes and supplies after a dispute between Russia and Ukraine left it without gas for weeks in early 2009.