English Edition

E.ON Nears EU Gas Probe Deal,To Free Up Grid Capacity

Πεμ, 17 Δεκεμβρίου 2009 - 19:35

E.ON Ruhrgas AG, Germany's largest importer of natural gas, said Thursday it has pledged to open considerable gas import capacity to competition in a compromise reached with the European Commission, that could end an ongoing antitrust investigation over alleged market abuse against the company.

OPEC Sailings Seen -120,000 B/D In 4 Weeks To Jan 2

Πεμ, 17 Δεκεμβρίου 2009 - 19:35

Oil shipments from Organization of Petroleum Exporting Countries, excluding Angola and Ecuador, are expected to fall by 120,000 barrels a day in the four weeks to Jan. 2, tanker tracker Oil Movements said Thursday.

CO2 Market Mechanisms Can Raise Money For Climate Fight -OECD

Πεμ, 17 Δεκεμβρίου 2009 - 19:34

Cutting greenhouse gas emissions by 20% through carbon taxes and the auctioning of permits to emit greenhouse gases could raise massive revenues for the fight against climate change, OECD Secretary General Angel Gurria said Thursday.

E.ON May Halve CO2 Emissions 10 Years Earlier Than Planned

Πεμ, 17 Δεκεμβρίου 2009 - 19:33

German utility E.ON AG (EOAN.XE) may reach its goal to halve its carbon dioxide emissions compared with 1990 levels ten years earlier if the Copenhagen climate change summit were to deliver a "strong result".

Hungary Sees Launch Of Power Exchange In July 2010

Πεμ, 17 Δεκεμβρίου 2009 - 15:36

BUDAPEST (Dow Jones)--The Hungarian power exchange could start operations in July 2010 after Hungarian electricity grid operator Mavir Zrt. and EPEX Spot SE., one of Europe's largest exchange service providers, signed a letter of intent to cooperate, the two parties said Thursday.

Turkish Agency: 43 Firms Apply For Grid Tenders - IHA

Πεμ, 17 Δεκεμβρίου 2009 - 15:35

ISTANBUL (Dow Jones)--Turkey's privatization agency OIB said Thursday that 43 firms have applied for the pre-qualification in the tender of four state-owned power distribution grids, the Ihlas News Agency, or IHA, reported.

Fluxys: Buys 10% Stake In UK-Belgium Gas Pipeline From E.ON

Πεμ, 17 Δεκεμβρίου 2009 - 15:34

LONDON (Dow Jones)--Belgian gas network operator Fluxys SA (FLUX.BT) said Thursday it has bought a 10% stake in the Interconnector gas pipeline that links the U.K. and Belgium from Germany utility E.ON AG (EOAN.XE) for an undisclosed sum.

Exxon-XTO May Lead Way To Energy Independence

Πεμ, 17 Δεκεμβρίου 2009 - 15:33

NEW YORK (Dow Jones)--Exxon Mobil Corp.'s (XOM) decision to buy XTO Energy Inc. (XTO) shows it can do something that the government cannot: Help bring energy independence to the U.S.

OPEC Won't Change Quotas At Angola Meet - Qatar Oil Min

Πεμ, 17 Δεκεμβρίου 2009 - 15:32

LONDON (Zawya Dow Jones)--The Organization of Petroleum Exporting Countries will agree to closely watch market conditions and improve compliance when they meet in Angola's capital Luanda Tuesday but they will not change their official quotas, Qatar's oil minister said Thursday.

German Cartel Office:Longer Gas Contracts Pose Competition Risk

Πεμ, 17 Δεκεμβρίου 2009 - 15:32

FRANKFURT (Dow Jones)--Germany's Federal Cartel Office said Thursday that long-term bookings of transport capacity at cross-border gas grid entry points pose a risk for competition and that individual companies could eventually find themselves subject to market abuse investigations

India's Singh: To Keep Per Capita Emission Less Than Developed Nations

Πεμ, 17 Δεκεμβρίου 2009 - 15:31

NEW DELHI (Dow Jones)--India is willing to do more than its pledge to cut emissions intensity by 20% to 25%

India Government Announces Incentives For Wind Power Generation

Πεμ, 17 Δεκεμβρίου 2009 - 15:30

NEW DELHI (Dow Jones)--India's ministry of new and renewable energy Thursday announced the implementation of incentives for grid-connected wind power projects

Papandreou in Copenhagen for climate summit

Πεμ, 17 Δεκεμβρίου 2009 - 12:52

Greek Prime Minister George Papandreou arrived in Copenhagen on Wednesday morning, where along with some 120 world leaders he will take part in the United Nations climate summit.

Bolivia Pres Morales Calls For Billions In Climate Reparations

Τετ, 16 Δεκεμβρίου 2009 - 19:05

Bolivian President Evo Morales Wednesday called on industrialized nations to pay many billions of dollars in climate-change "reparations" to developing nations for the environmental impact of decades of pollution.

Greece's New PPC Chief Heralds Better Labor Relations

Τετ, 16 Δεκεμβρίου 2009 - 19:05

The election of Arthouros Zervos as head of Greece's dominant utility, Public Power Corporation SA (PPC.AT), may signal a new era of consensus at the company after two years of stormy--and sometimes violent--confrontation between management and the unions.

UK PM: Copenhagen Talks Difficult, But Deal Still Possible

Τετ, 16 Δεκεμβρίου 2009 - 19:04

U.K. Prime Minister Gordon Brown said Wednesday he was under no illusions about how difficult climate negotiations in Copenhagen are, but is upbeat about reaching a deal.