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OPEC Exports Seen Down 0.19M B/D In 4 Wks To May 16

OPEC Exports Seen Down 0.19M B/D In 4 Wks To May 16

Crude oil exports by the Organization of Petroleum Exporting Countries, excluding Angola and Ecuador, are forecast to fall by 190,000 barrels a day in the four weeks to May 16, tanker tracker Oil Movements said Thursday, as the pace of OPEC cuts appears to stabilize.

Spain To Guarantee EUR10 Bln Of Power Companies Debt

Spain To Guarantee EUR10 Bln Of Power Companies' Debt

Spain's government will guarantee up to EUR10 billion in debt issued by power companies this year to cover the gap between the price Spanish consumers pay for electricity and the cost of producing it.

UK To Launch Tender In June To Connect Offshore Wind To Grid

UK To Launch Tender In June To Connect Offshore Wind To Grid

U.K. energy regulator Ofgem is to launch the process for the first of two tender rounds for electricity transmission links from offshore wind farms to shore in June, Ofgem's director of offshore transmission told Dow Jones Newswires.

Russia Delivers $450M In Promised Aid To Kyrgyzstan

Russia Delivers $450M In Promised Aid To Kyrgyzstan

Russia has delivered $450 million in loans and grants to the cash-strapped government of Kyrgyzstan, a key component of an aid package that the Kremlin promised to the Central Asian country when Bishkek announced it was evicting U.S. troops from an air base earlier this year.

Eni May Use $4.2B From Gazrom For Small Buys

Eni May Use $4.2B From Gazrom For Small Buys

Eni SpA (E) Chief Executive Paolo Scaroni Thursday said the Italian company may use the $4.2 billion it received from OAO Gazprom (GAZP.RS) for small acquisitions.

Siemens To Install High-Voltage Direct-Current Transmission System For Private Investor In India – Order Worth About €210 Million

Siemens To Install High-Voltage Direct-Current Transmission System For Private Investor In India – Order Worth About €210 Million

For the private investor Adani Power Limited (APL) Siemens Energy is to install a high-voltage direct-current (HVDC) transmission system with a capacity of 2,500 megawatts (MW) in India. The order is worth about €210 million. Starting in February 2011, the HVDC system is scheduled to provide low-loss transmission of electrical energy over a distance of approximately 960 kilometers from a coal-fired power plant near the port city of Mundra on India’s west coast to the industrial regions of the state of Haryana in the vicinity of New Delhi.

Nuclear Power

Nuclear Power

Funding for Bulgaria’s planned nuclear power plant at Belene must be secured soon, or the multi-billion-euro project will be delayed, a consultant on the scheme said yesterday. The Socialist-led government and German utility RWE have signed a deal to build Bulgaria’s second nuclear power plant by 2014-2015 as part of Sofia’s efforts to recover its position as a major power exporter in the Balkans.

Libya looking into Cypriot energy market

Libya looking into Cypriot energy market

Libya is looking at energy investment possibilities in Cyprus, the country’s top oil official, Shokri Ghanem, said yesterday. The eastern Mediterranean island is widely expected to offer 12 offshore plots for hydrocarbon exploration in a bidding round this year, and is attempting to introduce liquefied natural gas (LNG) into its energy grid over the next five years.

Ukraine Asks Russia To Help Upgrade Pipeline System

Ukraine Asks Russia To Help Upgrade Pipeline System

Ukraine has asked Russia to help upgrade its gas transit system, Ukrainian Prime Minister Yulia Tymoshenko said Wednesday, after a European Union deal with Kiev to modernize Ukraine's pipelines angered Moscow.

Ukraine To Offer Russia, Gazprom New Gas Transfer Pact

Ukraine To Offer Russia, Gazprom New Gas Transfer Pact

Ukraine's Prime Minister Yulia Tymoshenko is ready to offer Russian Prime Minister Vladimir Putin during their meeting Wednesday a new agreement on revamping Ukraine's gas transportation system with the participation of Russia's gas monopoly OAO Gazprom (GAZP.RS), the daily Kommersant reports.

Nabucco Pipeline Talks On Iran Oil Mins German Visit

Nabucco Pipeline Talks On Iran Oil Min's German Visit

The movement of Iranian natural gas to Germany through the Nabucco pipeline will be high on the agenda when Iranian Oil Minister Gholam-Hossein Nozari arrives in Germany next week for energy talks, the Press TV Web site reported Wednesday.

Russia: SCO Military Exercises In Kazakhstan In 2010

Russia: SCO Military Exercises In Kazakhstan In 2010

Joint military exercises of the Shanghai Cooperation Organization will be held in 2010 in southern Kazakhstan, news agency RIA Novosti reports on its Web site Wednesday, citing the Russian defense minister.

PPC eyes Balkan expansion

PPC eyes Balkan expansion

State power company Public Power Corporation (PPC) is considering bidding for a stake in Montenegro’s power monopoly Elektroprivreda Crne Gore AD (EPCG) as part of plans to expand in the Balkans. PPC’s board approved a memorandum of understanding with the energy unit of shipping group Restis Group for a possible joint bid for Montenegro’s EPCG, PPC said. Montenegro put a 18.3 percent stake in EPCG up for sale in February.