EU Faces Years More Wrangling Over Car Emissions Σαβ, 23 Ιανουαρίου 2010 - 12:49 Europe's incoming climate chief is determined to crack down on emissions from cars, but any new goals are at least a decade away. Connie Hedegaard will struggle against political inertia, the complexities of electric vehicles and the power of big auto, making a rigid 2020 target her best possible outcome.
France Plans Transitional CO2 Tax for Big Emitters Σαβ, 23 Ιανουαρίου 2010 - 12:47 France has outlined plans to impose a carbon tax on large industrial installations until 2013 when they start paying for emission permits under the revised EU Emission Trading Scheme (EU ETS). The tax would come into effect in July.
Energy Rush Σαβ, 23 Ιανουαρίου 2010 - 12:45 Bulgaria will introduce tighter rules for building new wind and solar power farms to tame a boom that has threatened to overload the Balkan country’s energy grid, the Environment Ministry said yesterday.
Russia To Tighten Budget This Decade; Fears Lower Oil Price Σαβ, 23 Ιανουαρίου 2010 - 12:42 The Russian government won't increase budget spending in the coming decade, Finance Minister Alexei Kudrin said Friday, after last year's slump in crude oil prices which prompted the country's first budget deficit in a decade.
Europipe, OMK, Sumitomo Awarded EUR1B Nord Stream Contract Σαβ, 23 Ιανουαρίου 2010 - 12:42 Europipe, OMK and Sumitomo Corp. (8053.TO) have been awarded the EUR1 billion contract to supply 1 million metric tons of steel pipes for the second leg of the Nord Stream gas pipeline from Russia to Germany, Nord Stream said Friday.
Nord Stream Cuts Costs 38% For 2nd Leg Of Gas Pipe Σαβ, 23 Ιανουαρίου 2010 - 12:41 The Nord Stream consortium said Friday it has reduced the cost of steel pipes for the second phase of the pipeline from Russia to Germany by 38%, compared with the value of the tender for the first phase in 2007.
Russian Oil Pipe Leak Shows Environmental Risk Σαβ, 23 Ιανουαρίου 2010 - 12:41 A leak from Russia's new Siberian oil pipeline shows the potentially damaging consequences the project could have for the endangered Siberian tiger, an environmental campaign group warned Friday.
Russia Mulls Profit-Based Oil Tax Regime Σαβ, 23 Ιανουαρίου 2010 - 12:40 Russia should move to a profit-based oil tax system and abandon tax breaks for East Siberian oil fields to avoid fiscal risks, the Prime Tass news agency said Friday, citing the head of the Finance Ministry's tax department, Ilya Trunin.
Russia's Kudrin: Economy To Grow 3% 2010 At $65/Bbl Oil Price Παρ, 22 Ιανουαρίου 2010 - 18:16 Russia's economy will grow around 3% this year given an oil price of $65 a barrel, the country's Finance Minister Alexei Kudrin said Friday.
Gazprom: Demand For Russian Gas To Rise By 2013 At Latest Πεμ, 21 Ιανουαρίου 2010 - 18:36 Russian natural gas monopoly Gazprom OAO's (GAZP.RS) Deputy Chief Executive Alexander Medvedev said Thursday he expects demand for Russian gas to increase again in coming years after the economic crisis eroded demand in Europe.
German,Russian Execs Call For More Gas Use In Power Generation Πεμ, 21 Ιανουαρίου 2010 - 18:36 Executives of Germany's gas and oil company Wintershall AG and Russian gas monopoly Gazprom OAO (GAZP.RS) Thursday called for an increased use of natural gas as fuel for power generation.
Sakhalin-1 Project Continues Record Setting Drilling Πεμ, 21 Ιανουαρίου 2010 - 18:35 ExxonMobil announced today the successful completion of the first two extended-reach wells at the Odoptu field offshore eastern Russia, employing one of the world's most powerful land-based rigs. ExxonMobil subsidiary Exxon Neftegas Limited (ENL) is operator on behalf of the five-company international Sakhalin-1 Consortium.
Kazakhstan Offers Oil To Belarus Refiners After Russia Cut Πεμ, 21 Ιανουαρίου 2010 - 18:34 Kazakhstan has offered to supply oil to Belarus's two refineries after Russia failed to agree new terms for deliveries, Kommersant reports Thursday citing the Kazakh ambassador in Minsk.
Hungary, Russia To Establish South Stream Company Jan Πεμ, 21 Ιανουαρίου 2010 - 18:33 Hungary and Russia plan to establish a joint venture for the preparation works of the South Stream natural gas pipeline, at the end of January, Hungarian business daily Vilaggazdasag said Thursday, without naming its sources.
Gazprom To Buy 2 BCM Of Gas From Azerbaijan in 2011 Πεμ, 21 Ιανουαρίου 2010 - 18:33 Russian gas firm OAO Gazprom (GAZP.RS) will buy 2 billion cubic meters of natural gas from Azerbaijan in 2011, the company said Thursday.
Russia, Belarus to hold new round of energy transit talks Jan 22 Πεμ, 21 Ιανουαρίου 2010 - 14:19 Russian and Belarussian energy companies will hold a new round of the talks on energy supply and transit through Russia’s westernmost Kaliningrad region on January 22, the press service of Inter RAO UES told Itar-Tass on Wednesday.