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Russia Defuses Two Bombs On Caucasus Gas Pipeline

Russia Defuses Two Bombs On Caucasus Gas Pipeline

Russian security services defused two explosive devices on a gas pipeline Monday after an incident that disrupted supplies to the Caucasus region, officials said.

Gazprom Sees 10 Europe Gas Price At $325/1,000 Cubic Meters

Gazprom Sees '10 Europe Gas Price At $325/1,000 Cubic Meters

Russian gas firm OAO Gazprom (GAZP.RS) expects next year's average gas selling price in Europe to be around $325 per 1,000 cubic meters, the Renaissance Capital brokerage said Monday citing Gazprom's Deputy Chief Executive Alexander Medvedev at a lunch meeting.

China Min: Shocked At US Saying Wont Fund China Climate Fight

China Min: Shocked At US Saying Won't Fund China Climate Fight

Chinese Vice Foreign Minister He Yafei said he is "shocked" about remarks by the U.S. climate envoy Todd Stern that the U.S. wouldn't provide money to help China face the challenges of climate change.

Suez Environment CEO Eyes Reachable Climate Deal

Suez Environment CEO Eyes Reachable Climate Deal

An agreement to limit carbon emissions the international community is working towards at a climate summit in Copenhagen must be "reachable" and "reasonably possible," the chief executive officer of French utility Suez Environnement (SEV.FR) said Friday.

Ukraine Asks For 2 Billion Dollar Loan From IMF; Warns of Unrest

Ukraine Asks For 2 Billion Dollar Loan From IMF; Warns of Unrest

Ukraine has asked the International Monetary Fund to release a $2 billion loan to help it pay for Russian natural gas, external obligations and budget spending. Meeting payments in the next three months will be "extremely difficult" without the IMF funding, Deputy Prime Minister Hryhoriy Nemyria said.

EU Rejects Polish, Estonian CO2 Emission Plans

EU Rejects Polish, Estonian CO2 Emission Plans

The European Commission Friday rejected CO2 emissions quotas submitted by Poland and Estonia for a second time. The two countries took court action after the commission rejected the first plans they put forward for 2008-12 and imposed significantly lower caps on their greenhouse gas emissions.

Iraq Oil Minister: Two Out Of Five Oil Contracts Awarded

Iraq Oil Minister: Two Out Of Five Oil Contracts Awarded

A consortium comprising Royal Dutch Shell PLC (RDSA) and Malaysia's Petronas has been awarded Majnoon oil field, while the contract to develop the giant Halfaya oil field in southern Iraq was awarded to a consortium led by China National Petroleum Corp., Petronas and France's Total SA (TOT).

OMV, Vienna Bourse Launch Gas Trading Exchange In Austria

OMV, Vienna Bourse Launch Gas Trading Exchange In Austria

Austrian oil and gas giant OMV AG (OMV.VI) and the Vienna Stock Exchange Friday launched a new gas trading exchange that they see as a first step toward a wider continental European gas trading platform.

EDF Looks For UK Industry Support On Nuclear Build

EDF Looks For UK Industry Support On Nuclear Build

LONDON (Dow Jones)--Electricite de France SA (EDF.FR) is in early stage talks with U.K. industrial groups about forming a consortium to help fund new nuclear power stations, U.K. newspaper The Times reports Friday.

Red Tape Thwarts Greece’s First Private LNG Import

Red Tape Thwarts Greece’s First Private LNG Import

Greek energy firms Motor Oil and Mytilineos said yesterday they had canceled the country’s first private liquefied natural gas (LNG) import because the natural gas grid operator delayed approving it. The firms said in a statement they could not take delivery of the 65,000-cubic-meter shipment, jointly purchased from Italy’s ENI, because state-controlled grid operator DESFA failed to sign a contract providing access to its network.

Coming Together to Combat Climate Change

Coming Together to Combat Climate Change

In view of the United Nations Conference on Climate Change in Copenhagen, the foreign ministers of Cape Verde, Costa Rica, Iceland, Singapore, Slovenia and the United Arab Emirates have agreed to strengthen their commitments and call for renewed global action to address climate change.