English Edition

Gazprom Raises Daily Output To Over 1.02 BCM

Τετ, 15 Ιουλίου 2009 - 18:30

Russian gas firm OAO Gazprom (GAZP.RS) has increased its daily production to over 1.02 billion cubic meters as of July 10, but output is still down 21% on the year, the Interfax news agency reported Wednesday, citing Ministry of Industry and Energy statistics.

Syria To Get 1B CM of Gas, 400 MW Elec From Turkey

Τετ, 15 Ιουλίου 2009 - 18:29

Turkey has agreed to supply Syria with 1 billion cubic meters of natural gas over five years in addition to 400 megawatts of electricity, Turkey-based newspaper Today's Zaman reports Wednesday.

Iraq To Add $2.8B-$3B To 09 Budget On Higher Oil Output,Prices

Τετ, 15 Ιουλίου 2009 - 18:27

Iraq is planning to add between $2.8 billion and $3 billion to its 2009 budget as a result of increased crude oil production and oil prices, the country's Finance Minister Bayan Jabor said Wednesday.

Enel buys wind park, boosts capacity

Τετ, 15 Ιουλίου 2009 - 17:37

Italy’s largest utility Enel has acquired an 18.9-megawatt wind park at Lithos in the northern Peloponnese, increasing its installed capacity in Greece to over 127 MW, the company said yesterday.

EYATH stake set to go up for sale

Τετ, 15 Ιουλίου 2009 - 17:35

The Greek government will launch a tender to sell a minority stake in the Thessaloniki Water Supply and Sewage Company (EYATH) to a strategic investor as part of an effort to raise 1 billion euros in privatization revenue that will go toward trimming public debt.

EU and Turkey finally sign Nabucco pipeline agreement

Τετ, 15 Ιουλίου 2009 - 17:30

President of the European Commission Jose Manuel Barroso, Hungarian Prime Minister Gordon Bajnai, Austrian Chancellor Werner Feymann, Turkey’s Prime Minister Recep Tayyip Erdogan, Bulgarian Prime Minister Sergey Stanishev and Romanian Prime Minister Emil Boc (identified left to right) attend the signing ceremony for the intergovernmental agreement on the Nabucco natural gas pipeline project.

Nabucco dogged by problems

Τετ, 15 Ιουλίου 2009 - 17:24

A transit deal for the Nabucco gas pipeline will bring political fanfare at its signing next week but critical supply and financing questions may thwart progress as a rival Russian plan edges ahead.

Italy Gas Market Still Dominated By Eni

Τρι, 14 Ιουλίου 2009 - 20:14

Italy's natural gas market is still dominated by state-controlled company Eni SpA (E), limiting competition and keeping prices high, said the country's energy regulator Tuesday.

OPEC: World Oil Demand To Rebound In 2010

Τρι, 14 Ιουλίου 2009 - 20:12

The Organization of Petroleum Exporting Countries expects world oil consumption will grow a modest 500,000 barrels a day in 2010 after two years of shrinkage, fueled by a stronger economy and demand in China, India, the Middle East and Latin America.

Europe Gas Pipe Deal A Setback For Russia

Τρι, 14 Ιουλίου 2009 - 20:11

A landmark deal between Turkey and four European Union countries to pipe gas from the Caspian region is a setback for Moscow's own pipeline project to Western Europe, Russian newspapers said Tuesday.

Min: Nabucco Pipeline To Meet Georgia's Gas Needs

Τρι, 14 Ιουλίου 2009 - 20:09

Georgia's natural gas requirements will be covered by the fuel it is to receive for its role in the Nabucco gas pipeline project, Russian news agency RIA Novosti reports on its Web site Tuesday, citing the Georgian energy minister.

Iran NIOC Official: Nabucco Not Economical Without Iran

Τρι, 14 Ιουλίου 2009 - 20:08

A senior Iranian energy official said the Nabucco natural gas pipeline is not economically logical if does not also transport gas from Iran, the daily Resalat newspaper reports Tuesday.

Edison: Greece-Bulgaria Gas Line Deal Signed Tue

Τρι, 14 Ιουλίου 2009 - 20:06

In a move to reduce Eastern Europe's reliance on Russian gas, Edison SpA (EDN.MI) said Tuesday it signed an agreement to build a natural gas pipeline linking Greece to Bulgaria.