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Germany's RWE Quits Bulgaria Belene Nuclear Project

Πεμ, 29 Οκτωβρίου 2009 - 13:27

German utility RWE has abandoned plans to participate in the construction of a 2000 MW nuclear plant in the Bulgarian Danube town of Belene due to funding problems, officials said on Wednesday. "There are two main reasons for RWE decision - there is no contract with the executor of the project and no clear financing structure," Galina Tosheva, head of the Bulgarian Energy Holding, which groups the country's top energy assets, told a news conference.

IENE’s 3rd Energy Week to Focus on the Major Energy Challenges in the New Economic Environment

Πεμ, 29 Οκτωβρίου 2009 - 11:46

ΙΕΝΕ has invited a variety of international experts, business leaders and senior government officials to participate in the events of its 3d Energy Week which it is organizing in Athens from November 9 to November 13th. The speakers will cover an extended area of policy issues focusing on energy, climate change, the development of environmental business opportunities and Greece’s international energy relations.

EU Proposes More Aid To Help Shut Bulgarian Nuclear Plant

Τρι, 27 Οκτωβρίου 2009 - 17:56

The European Commission Tuesday proposed additional aid for Bulgaria to shut nuclear reactors at its Kozloduy power plant.

Rosneft CEO: Co May Buy Refineries In Europe

Τρι, 27 Οκτωβρίου 2009 - 17:55

Russia's largest oil producer OAO Rosneft (ROSN.RS) may buy refineries in Europe, the company's Chief Executive Sergei Bogdanchikov said Tuesday.

OPEC Invites Russia To Take Part In December Meeting In Angola

Τρι, 27 Οκτωβρίου 2009 - 17:53

The Organization of Petroleum Exporting Countries has invited Russia to attend its December meeting in Angola, the country's Deputy Energy Minister Sergei Shmatko said Tuesday.

Areva, Siemens Talks Stall Over Joint Venture Stake Price

Τρι, 27 Οκτωβρίου 2009 - 15:33

Negotiations between France's Areva SA (CEI.FR) and Germany's Siemens AG (SI) over their joint venture Areva NP have stalled, according to Les Echos on Tuesday, citing people familiar with the matter.

Electric Cars and Greece’s Power Grid

Τρι, 27 Οκτωβρίου 2009 - 15:30

Public Power Corporation (PPC) is planning to run a pilot program charging electric-powered cars in designated spots in a plan being drawn up in cooperation with major European car industries. The program is part of the European Union Merge scheme which is being coordinated by PPC as head of a consortium and includes the involvement of power companies, various organizations and universities.

Brussels Decides on Aid for Bulgaria Nuclear Units Closure

Τρι, 27 Οκτωβρίου 2009 - 15:27

The European Commission is expected to propose on Tuesday the allotment of EUR 300 M in additional compensations for the closure of four Soviet-designed reactors at Bulgaria's Kozloduy nuclear power plant.

Gazprom Aims For Market Prices For Domestic Gas From 2011

Τρι, 27 Οκτωβρίου 2009 - 14:50

Russian natural gas monopoly OAO Gazprom (GAZP.RS) will continue working with the authorities to achieve market prices for its domestic gas deliveries by 2011, the company said in a statement Tuesday.

Gazprom Sees Winter Output Up 11% At 289.2 Bln Cubic Meters

Τρι, 27 Οκτωβρίου 2009 - 14:49

Russian gas company OAO Gazprom (GAZP.RS) Tuesday said natural gas output in the winter of 2009-10 will be 289.2 billion cubic meters compared with 261.6 billion cubic meters a year earlier, a rise of 11%.

Turkey To Invest Up To $4B In Iran's S Pars Gas Field

Τρι, 27 Οκτωβρίου 2009 - 14:47

Turkey is to invest $3.5 billion to $4 billion in Iran's South Pars gas field, Iran's government-controlled news network Press TV reports on its Web site Tuesday, citing an Iranian Oil Ministry official.

CEZ Asks Bks To Submit EUR550M Refinance Proposals

Δευ, 26 Οκτωβρίου 2009 - 20:48

Czech electricity company CEZ AS (BAACEZ.PR) has requested proposals from lending banks to refinance an existing EUR550 million loan that is due to mature in January 2010, people familiar with the situation said Monday.

Polish PGNiG, Gazprom In Advanced Talks On Gas Supplies

Δευ, 26 Οκτωβρίου 2009 - 20:46

Polish gas monopoly PGNiG (PGN.WA) is in advanced talks with Russia's gas major OAO Gazprom (GAZP.RS) and its unit Gazprom Export on additional gas supplies for Poland, PGNiG said Monday.

Gazprom: Europe Must Pay For Unused Gas; 2010 Prices To Rise

Δευ, 26 Οκτωβρίου 2009 - 20:45

Russian gas giant OAO Gazprom (GAZP.RS) Monday warned European customers it expects them to buy as much gas as they are obliged to purchase under their contracts.

Gazprom Expects 2009 Export Sales Above $40 Bln

Δευ, 26 Οκτωβρίου 2009 - 20:44

Russian gas firm OAO Gazprom (GAZP.RS) expects revenue from gas exports to total more than $40 billion this year, the Interfax news agency reports Monday, citing the company's Deputy Chief Executive Alexander Medvedev.

Russia Calls For Maximum Patience On Iran

Δευ, 26 Οκτωβρίου 2009 - 20:42

World powers should show maximum patience in the Iranian nuclear standoff and stop accusing the Islamic Republic of wasting time, a top Russian foreign ministry official said Monday.