English Edition

EU Biofuels Target Could Starve Millions of People

Τρι, 16 Φεβρουαρίου 2010 - 13:33

Millions of people could starve if member states deliver on the EU’s target of sourcing 10% of its transport fuel from biofuels as a way of tackling climate change, argues a new report from ActionAid, an NGO. "The huge expansion in industrial biofuels use must be stopped," said ActionAid's biofuels expert Tim Rice, calling for EU governments to refrain from increasing their use further

IEA Says Emissions Plans Fall Short

Τρι, 16 Φεβρουαρίου 2010 - 13:29

The pledges that countries have made to reduce their CO2 emissions "fall short" of what is needed to reach a key target set at the Copenhagen climate summit last year, according to a study by the International Energy Agency.

Russia's Gazprom Starts Production Of Gas From Coal

Παρ, 12 Φεβρουαρίου 2010 - 19:20

Russian energy monopoly OAO Gazprom (GAZP.RS) launched Friday a project to extract gas from goal, one of Russia's steps into unconventional ways to produce gas.

Kazakhstan Ramps Up Pressure On Foreign Energy Majors

Παρ, 12 Φεβρουαρίου 2010 - 19:19

Tax officials in Kazakhstan, an oil-rich Central Asian country, Friday questioned the legality of production sharing agreements signed with foreign oil and gas companies.

Russia Seeks Tighter Control Over Oil Exports

Παρ, 12 Φεβρουαρίου 2010 - 19:19

Russia is preparing new measures aimed at tightening control over oil exports by rail, river and road--a move aimed at "decriminalization" the sector, the country's president said Friday.

Russia '10 Budget To Receive RUB78B Extra On Belarus Oil Deal

Παρ, 12 Φεβρουαρίου 2010 - 19:18

Russia's federal budget will receive an additional 78 billion rubles ($2.6 billion) in 2010 due to a newly agreed oil deal with neighboring Belarus, the Interfax news agency reported Friday, citing Deputy Energy Minister Anatoly Yanovsky.

Finland Approves Nord Stream Gas Pipeline Plan

Παρ, 12 Φεβρουαρίου 2010 - 19:17

Finnish environmental authorities have granted final approval for the construction of Russia's Nord Stream gas pipeline through Finnish waters, Interfax reported Friday.

Eni Says Reaches Gazprom Deal On Gas Take-or-pay Contracts

Παρ, 12 Φεβρουαρίου 2010 - 19:16

Eni SpA (E) has reached a "satisfactory" agreement with OAO Gazprom (GAZP.RS) over changes to their take-or-pay natural-gas contracts , a senior executive of the Italian energy company said Friday.

Russia: Sanctions Against Iran More Realistic

Παρ, 12 Φεβρουαρίου 2010 - 19:06

New sanctions on Iran have become more realistic after Tehran's move to ramp up uranium enrichment, Russia's deputy foreign minister, Sergei Ryabkov, told the Interfax news agency Wednesday.

Known Lithium Deposits Can Cover Electric Car Boom

Παρ, 12 Φεβρουαρίου 2010 - 15:50

Hopes of an electric car boom are spurring companies to seek new lithium sources, but new finds may be lower quality and costlier to develop than established deposits able to meet demand for years to come.

Bulgaria Susceptible to Contagion Risk

Παρ, 12 Φεβρουαρίου 2010 - 15:47

Bulgaria is more susceptible to contagion risk from the Greek crisis than neighboring Romania or Turkey, because Greek banks control 28 percent of the Balkan country’s market, said Citigroup Inc. “Bulgaria stands out in terms of the presence of Greek banks, followed by Romania and Turkey,” Citigroup economists including Ilker Domac in Istanbul said in a report yesterday.

Gas supplies via Baltic pipeline to start in Sept. 2011 - Putin

Παρ, 12 Φεβρουαρίου 2010 - 12:34

Pumping of Russian natural gas to Europe via the Baltic Nord Stream pipeline will start in September 2011, Prime Minister Vladimir Putin said on Friday. "In May 2011, construction is to be completed on the sea section and on land in Germany and Russia. And gas will start to be pumped in September," Putin said at a meeting with Marcel Kramer, CEO of Dutch Gasunie, which has a 9% stake

Poland Clears Gas Deal Between PGNiG And Gazprom

Πεμ, 11 Φεβρουαρίου 2010 - 19:36

Poland's government late Wednesday cleared a January deal between local gas monopoly PGNiG (PGN.WA) and the Russian gas firm OAO Gazprom (GAZP.RS) to boost natural gas deliveries to Poland.