English Edition

Japanese Ministry of Economy Wants Hybrids, Electric Vehicles to Account for 50% of New Car Sales by 2020

Τετ, 21 Απριλίου 2010 - 13:52

If a certain type of car struggles to gain a foothold in the market, what can be done? Let's use the hybrid as an example. Say you want hybrids to become a sales success, but it's just not happening. What are your options? You could ditch them because buyers don't want hybrids. Or you could offer up huge incentives to drive up sales for a brief time while losing money.

China to Pay Venezuela $900mln to Develop Orinoco Oil Deposits

Τετ, 21 Απριλίου 2010 - 13:50

China National Petroleum Corporation (CNPC) will pay Venezuela $900 million for access to heavy crude oil fields in the Orinoco River Basin, Venezuela's Oil Minister Rafael Ramirez said on Wednesday.

Medvedev to Go to Ukraine to Discuss Gas, BFS Issues

Τετ, 21 Απριλίου 2010 - 13:49

Russian President Dmitry Medvedev on Wednesday for the first time over two years of work on the supreme state post will arrive in Ukraine. He will hold a meeting with his Ukrainian colleague Viktor Yanukovich in Kharkov.

Saudis Tighten China Energy Ties to Reduce U.S. Dependence

Τρι, 20 Απριλίου 2010 - 19:39

China, the world’s second-largest oil consumer, and Saudi Arabia, holder of about a fifth of global crude reserves, are forging ever closer ties as the Persian Gulf kingdom responds to a Chinese drive to feed its rising energy needs.

Finnish Nuclear Reactor Delayed Further - Reports

Τρι, 20 Απριλίου 2010 - 19:14

Finland's fifth nuclear power reactor, the construction of which has been plagued by numerous delays, is unlikely to go online in June 2012 as currently planned, Finnish media reported Tuesday.

Enel CEO:Possible Renewables' Unit IPO In Sep Offers Benefits

Τρι, 20 Απριλίου 2010 - 19:14

The possible initial public offering of Enel SpA's (ENEL.MI) renewables company in September offers benefits to the Italian utility, said Chief Executive Fulvio Conti Tuesday, adding a decision hasn't been taken yet.

Wind Energy Can Provide Half Of EU Electricity In 2050 - EWEA

Τρι, 20 Απριλίου 2010 - 19:13

Wind energy can provide half of the European Union's electricity requirements in 2050, the European Wind Energy Association said Tuesday. "The potential is there and the industry is ready. All we have to do is maintain current growth rates on- and offshore," Christian Kjaer, EWEA's chief executive is quoted as saying in a statement during the European Wind Energy Conference in Warsaw.

Kuwait Says Oil Price Good, Warns Against Speculation

Τρι, 20 Απριλίου 2010 - 19:13

Kuwaiti Oil Minister Sheikh Ahmad Abdullah al-Sabah said Tuesday that the current oil price is "good" and that he expected it to remain within the $75-$90-a-barrel range.

German Wind Capacity To Rise In '10; Overseas Focus

Τρι, 20 Απριλίου 2010 - 19:12

Growth in German newly installed wind-power-generation capacity should accelerate in the domestic market in 2010, but the wind industry is increasingly banking on international growth over the longer term, the Bundesverband WindEnergie, or BWE, the sector's main domestic lobby group, said Tuesday.

Chavez: US Oil Firms Pay $3B A Year In Royalties To Venezuela

Τρι, 20 Απριλίου 2010 - 19:12

U.S. oil firms pay about $3 billion a year in royalties to the Venezuelan government, a number that dwarfs the $200 million they'd be paying if previous Venezuelan administrations remained in charge, President Hugo Chavez said.

EU, Poland Move to Settle Carbon Quota Row

Τρι, 20 Απριλίου 2010 - 14:13

Poland has stood its ground on carbon quotas as the European Commission yesterday (19 April) accepted its revised plan for allocating emission allowances. The agreement maintained the amount of allowances originally proposed by Poland despite the Commission's objections.

North Korea Readying for 3rd Nuclear Test

Τρι, 20 Απριλίου 2010 - 14:12

North Korea is preparing for a third atomic test that may come in May or June, South Korean broadcaster YTN reported on Tuesday, an act that could further isolate Pyongyang and complicate already troubled nuclear diplomacy.

Russia's Sakhalin Calls for More Investment from Japan

Τρι, 20 Απριλίου 2010 - 14:10

The Japanese business community should take a more active role in large-scale energy projects in the Russian Far East region of Sakhalin, the region's governor said.