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OPEC Output Reaches 14-Month High on Saudi Gain, Survey Shows

Παρ, 26 Φεβρουαρίου 2010 - 17:04

The Organization of Petroleum Exporting Countries increased crude-oil production to a 14-month high in February, led by a Saudi Arabian gain, a Bloomberg News survey showed.

EU Rules Out Binding Green Criteria for Biomass

Παρ, 26 Φεβρουαρίου 2010 - 14:03

The European Commission yesterday (25 February) ruled out binding EU-wide sustainability criteria for biomass, offering member states recommendations for national action instead. The European Commission said the wide variety of biomass feedstocks make it impossible to devise a harmonised scheme, which would require taking into account their varying potential to reduce greenhouse gas emissions.

Energy Ministry to Submit Program on Exploration of Russia’s North

Πεμ, 25 Φεβρουαρίου 2010 - 18:20

Russia’s Energy Ministry will submit a program for comprehensive development of deposits of the Yamalo-Nenets Autonomous District and the north of Krasnoyarsk Territory until 2020 to the government for consideration until March 31, said Sergei Erke, who heads the Ministry’s oil and gas exploration department.

Environmental Laws Should be Matched with Energy Efficiency - Medvedev

Πεμ, 25 Φεβρουαρίου 2010 - 18:19

Amendments in the Russian environmental laws should be aligned with the energy efficiency matters, Russian President Dmitry Medvedev said on Thursday.

Bulgaria to Build Second Natural Gas Depot

Πεμ, 25 Φεβρουαρίου 2010 - 16:22

Bulgaria may build a second natural gas storage facility so as to prevent possible gas supply problems in the future. This idea was put forward by Head of State Georgi Parvanov during his visit to Brussels.

How Romania will Supply Gas to Austria Ahead of Nabucco

Πεμ, 25 Φεβρουαρίου 2010 - 16:20

The first project that will bring gas from the Caspian region to Western Europe will be the one carried out at the initiative of Romania, Georgia and Azerbaijan, which entails the construction of two liquefied natural gas terminals, thus outrunning projects under discussion for ten years, such as Nabucco, according to Romanian Economy Minister Tudor Serban.

Saudi Arabia Unveils Natural Gas Find in North

Πεμ, 25 Φεβρουαρίου 2010 - 13:12

Saudi Arabia announced Tuesday that a local gas company has discovered a commercially-viable natural gas field in the northern Jalameed area.

European Energy Giants Seek Lower Prices From Gazprom

Πεμ, 25 Φεβρουαρίου 2010 - 13:11

German and Italian energy companies have begun renegotiating some of their long-term contracts with the Russian energy titan Gazprom as natural gas prices sag along with demand, despite an increase in oil prices.

Energy Secretary Chu Says U.S. Must Decrease Energy Use

Πεμ, 25 Φεβρουαρίου 2010 - 13:11

U.S. energy secretary Steven Chu said Wednesday that the U.S. must decrease its energy use to allow developing nations the room to grow, while emphasizing that prosperity doesn't have to come with a large carbon footprint.

Bulgaria to be Ready with New National Security Strategy by May 2010

Πεμ, 25 Φεβρουαρίου 2010 - 12:57

The draft plan of Bulgaria's national security strategy will be ready by the end of May 2010, general Roumen Milanov, secretary of the Security Council at the Council of Ministers told a February 22 2010 round table on national security issues in Sofia.

Russias Lavrov Says No Proof Iran Working on Nuclear Weapons

Πεμ, 25 Φεβρουαρίου 2010 - 12:39

There is no hard proof that Iran is working on nuclear weapons, but Tehran has to clarify several key issues on its nuclear program to avoid fresh international action, Russian Foreign Minister Sergei Lavrov said on Thursday.

IEA Head Prioritizes Nabucco Over South Stream

Τετ, 24 Φεβρουαρίου 2010 - 19:10

The head of the International Energy Agency said Wednesday that the Western-backed Nabucco gas pipeline bypassing Russia will be more effective in boosting Europe's energy security than Russia's South Stream gas project, Russian news agency RIA Novosti news agency reports.

Gazprom: Spot Prices Included In Export Contracts

Τετ, 24 Φεβρουαρίου 2010 - 19:10

Russian gas company OAO Gazprom (GAZP.RS) Wednesday said it has agreed with some European customers to incorporate spot market prices in long-term export contracts, in a move to defend its market share on the continent.