English Edition

EDF To Join In Building Russian Gas Pipeline

Τετ, 30 Σεπτεμβρίου 2009 - 17:51

French power company Electricite de France SA will join the South Stream gas pipeline project, designed to bring Russian gas across the Black Sea to Europe without passing through Ukraine, by the end of November, according to a person familiar with the matter.

Iraq Bans Sinopec From 2nd Bidding Round

Τετ, 30 Σεπτεμβρίου 2009 - 17:42

Iraq has decided to ban China Petroleum & Chemical Corp. (SNP), or Sinopec, from its second oil and gas bidding round because the Chinese state firm has yet to abandon a contract in Iraq's northern Kurdistan region inherited from its purchase of Addax Petroleum Corp. (AXC.T), Iraq's Deputy Oil Minister Abdul Kareem al-Leaby told Dow Jones Newswires Wednesday.

West Seeks Guarantees Over Iran's Nuclear Ambitions: Envoy

Τρι, 29 Σεπτεμβρίου 2009 - 17:34

World powers will seek iron-clad guarantees from Iran this week that its nuclear program is a peaceful one, European Union foreign policy chief Javier Solana said Tuesday.

Russia To Cautiously Liberalize Domestic Gas Market

Τρι, 29 Σεπτεμβρίου 2009 - 17:33

Russia will gradually liberalize its gas market to allow independent producers greater access to its gas pipeline system, but state-controlled gas monopoly OAO Gazprom (GAZP.RS) will maintain its export monopoly for the time being, Prime Minister Vladimir Putin said Tuesday.

Russia To Borrow $17B-18B Abroad, Sees Long Exit From Crisis

Τρι, 29 Σεπτεμβρίου 2009 - 17:32

Russia should be prepared for a "long exit from the crisis" and expects to borrow some $36 billion domestically and abroad, Finance Minister Alexei Kudrin said Tuesday.

IAEA El-Baradei: Global Nuclear Energy Use May Rise Sharply

Τρι, 29 Σεπτεμβρίου 2009 - 17:31

Global nuclear energy use is poised to rise sharply as high fossil fuel prices and concerns over climate change drive the demand for cleaner fuels, the Director-General of the International Atomic Energy Agency said Tuesday.

Coal Prices May Rise To $90/Ton In 4Q 2009 -UBS

Τρι, 29 Σεπτεμβρίου 2009 - 17:30

Coal prices may rise to $90/ton in 4Q 2009 on growing demand from China, India, according to UBS analysts in investor note. "We expect China 'arbitrage buying' to return as seaborne thermal coal prices drift lower. China can stabilize and lift seaborne prices in these conditions."

Metka Deal

Τρι, 29 Σεπτεμβρίου 2009 - 14:24

A venture headed by Metka SA, Greece’s biggest power plant builder, won a contract to build a combined-cycle power unit for Public Power Corp SA, Greece’s biggest electricity company, in Megalopoli, in the Peloponnese, according to an e-mailed statement yesterday from Athens-based PPC.

Decline in Electricity Demand Slows

Τρι, 29 Σεπτεμβρίου 2009 - 14:22

Electricity demand in eight countries, including France and the UK, declined at a slower rate for a second month in August, suggesting the recession is easing, according to analysts at Societe Generale SA.

Delek Drilling to Explore Waters Around Cyprus

Τρι, 29 Σεπτεμβρίου 2009 - 14:20

Israel’s Delek Drilling said yesterday it plans to exercise an option to join a natural gas exploration group in waters around Cyprus once it receives approval from Israel’s government. Noble Energy has the rights to the site but Delek Drilling and Avner Oil have an option to buy 15 percent each of the venture, known as Block 12. Both companies are subsidiaries of Delek Energy.

Hellenic Petrol Cyprus Fined for Collusion

Τρι, 29 Σεπτεμβρίου 2009 - 14:11

An employee at an EKO gas station, a subsidiary belonging to Hellenic Petroleum, is seen in this file photo putting fuel in a car in Cyprus. Hellenic Petroleum said yesterday its unit in Cyprus was fined 14.3 million euros by the eastern Mediterranean island’s competition regulator.

PM: RWE Remains in Bulgaria Belene Nuclear Project

Τρι, 29 Σεπτεμβρίου 2009 - 12:45

German utility RWE has not abandoned plans to participate in the construction of a 2000 MW nuclear plant in the Danube town of Belene, Bulgaria's new prime minister said on Monday. The company remains in talks with Sofia on funding, Boyko Borisov announced after meeting with RWE Chief Executive Juergen Grossmann to discuss the future of the plant

German Utility Shrs Up As Election Raises Nuclear Hopes

Δευ, 28 Σεπτεμβρίου 2009 - 17:54

Stocks in German utilities are outperformers Monday, buoyed by hopes that victory for a center-right coalition government paves the way for an extension of nuclear reactor operating lives.