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Gazprom CEO:Russia Could Secure 25% Of World LNG Market

Πεμ, 24 Σεπτεμβρίου 2009 - 18:44

The chief executive of Russian energy company OAO Gazprom (GAZP.RS) Thursday said Russia could increase its share on the world liquefied natural gas market to 25%, Russian news agency RIA Novosti reports on its Web site.

StatoilHydro Exec: Gas Is Key Bridge To Low Carbon Economy

Πεμ, 24 Σεπτεμβρίου 2009 - 18:43

StatoilHydro's vice president for natural gas Thursday said the fuel is an important bridge towards a low carbon economy and his company has a key role to play in meeting global demand.

German Cartel Office Starts Probe Of Elec Heating Mkt

Πεμ, 24 Σεπτεμβρίου 2009 - 18:42

Germany's Federal Cartel Office Thursday said it has launched market abuse control proceedings against unnamed companies in the electric heating sector in order to "examine price structures in the supply of consumers with electricity for night storage heating and electric heat pumps."

Eco-Cars Show Opens in Thessaloniki

Πεμ, 24 Σεπτεμβρίου 2009 - 15:18

A car powered by natural gas, electric bicycles and automobiles and many other environmentally friendly vehicles will be featured at the two-day ‘Eco-Cars Exhibition’ that opens today for the second year in succession at the American Farm School in Thessaloniki.

CFTC's Gensler Pitches Position Limits In Europe

Τετ, 23 Σεπτεμβρίου 2009 - 20:21

The head of the U.S.Commodity Futures Trading Commission took his case for imposing speculative trading limits on energy products to Europe Wednesday where he urged foreign regulators to use all of their existing powers to police the markets.

India's Power Struggle

Τετ, 23 Σεπτεμβρίου 2009 - 20:20

India's hunger for power is growing fast and its government is aggressively courting private investors, a move that has resulted in an avalanche of initial public offerings of power companies from some of country's biggest industrial houses.

Russia To Export 210,000 Tons Of Oil To China Oct-Dec

Τετ, 23 Σεπτεμβρίου 2009 - 20:19

Russia's oil exports to China are forecast to be 210,000 metric tons in October-December, TsDU-TEK, which provides data and analysis to the Energy Ministry, said in a document seen by news agency Prime-Tass Wednesday.

Brazil Shared Oil Production To Maximize Gov Revenue

Τετ, 23 Σεπτεμβρίου 2009 - 20:18

Brazil's government aim in having a shared production regime for its sub-salt oil reserves is to maximize oil revenue, the Estado News Agency reported Wednesday.

Russian Min Sees '09 Natural Gas Output At 580BCM

Τετ, 23 Σεπτεμβρίου 2009 - 20:17

Russia's Economic Development Ministry expects the country's natural gas output to amount to 580 billion cubic meters in 2009, according to the draft federal budget for 2010-2012 approved by the Russian government Wednesday.

Gazprom Ups Stake In Gazprom Neft Sakhalin To 100%

Τετ, 23 Σεπτεμβρίου 2009 - 20:16

Russian oil major OAO Gazprom Neft (SIBN.RS) has brought its stake in subsidiary Gazprom Neft Sakhalin to 100%, according to a Gazprom Neft statement seen by Prime-Tass Wednesday.

PPC Pans

Τετ, 23 Σεπτεμβρίου 2009 - 15:19

Public Power Corp, Greece’s biggest electricity company, approved plans to proceed with a 350-million-euro Cycladic interconnection project that will provide improved power supply to the islands of Syros, Paros, Naxos and Myconos. The company will call for bids for the project following a two-month public consultation, according to an e-mailed statement yesterday.

Venezuela Aims For $80 A Barrel Floor On Oil Prices

Τρι, 22 Σεπτεμβρίου 2009 - 17:44

Venezuela aims to build an oil price floor of $80 a barrel to boost its oil production in the coming years, Oil Minister Rafael Ramirez said Tuesday.

Investment In Russia's Shtokman Gas Field Hits $500M

Τρι, 22 Σεπτεμβρίου 2009 - 17:42

Companies developing the Shtokman gas condensate field in the the Barents Sea have invested $500 million, Russian news agency RIA Novosti reports on its Web site Tuesday, citing the project operator.