English Edition

Azerbaijan To Double Throughput At Baku-Novorossiisk Pipeline

Τρι, 28 Απριλίου 2009 - 19:41

Azerbaijan plans to almost double throughput at its Baku-Novorossiisk oil pipeline this year to 2.5 million metric tons from 1.3 million tons in 2008, an official from the country's state oil company, Socar, said Tuesday.

Russia, Bulgaria Close To Deal On Pipeline - Putin

Τρι, 28 Απριλίου 2009 - 18:58

Russian Prime Minister Vladimir Putin and his Bulgarian counterpart Sergey Stanishev said Tuesday they were close to signing a deal on the South Stream gas pipeline to Europe after resolving differences. "There is no disagreement between Russia and Bulgaria," Putin was quoted by RIA Novosti and Interfax as saying at the close of a meeting with Stanishev.

Depository for LNG in NE Greece

Τρι, 28 Απριλίου 2009 - 14:44

A new natural gas depository near Kavala, northeastern Greece, will host strategic reserves of the liquefied commodity (LNG) for Greece as well as Bulgaria. Plans by the Public Gas Corporation (DEPA) to build a new station for LNG has also drawn the interest of Bulgaria, following the problems this past winter during a crisis between Russia and Ukraine over the supply of natural gas.

Russia Drafts Post-Kyoto Proposals

Τρι, 28 Απριλίου 2009 - 14:11

Russia is already drafting proposal for post-Kyoto agreements on greenhouse gas emissions and hopes international deals for the period after 2012 may be agreed already this summer, according to Natural Resources Minister Yuri Trutnev. However, he said on Thursday that no talks had been held yet.

Azeri Min: Shah Deniz Field's Stage 2 To Cost $16B To $20B

Δευ, 27 Απριλίου 2009 - 20:32

The total cost of the second phase of Azerbaijan's giant Shah Deniz gas condensate field will be between $16 billion and $20 billion, the country's energy minister, Natiq Aliyev, said Monday.

Kuwait Invest Co Plans To Enter $375M Caspian Sea Proj

Δευ, 27 Απριλίου 2009 - 20:31

Kuwait Investment Co., or KIC, a unit of Kuwait Investment Authority, plans to invest in the Caspian Energy Hub project on the Caspian Sea that will have a total cost of $375 million, Kuwait-based Al Watan daily reports Monday.

Ukraine PM To Seek Cut In Imported Russian Gas

Δευ, 27 Απριλίου 2009 - 20:30

Yulia Tymoshenko, Ukraine's prime minister, has said she would push for amendments to the country's natural gas supply contract with Russia, to reduce the import volume, reports the RIA Novosti news service Monday.

EnBW, Borusan To Invest EUR2.5B In Renewables In Turkey

Δευ, 27 Απριλίου 2009 - 20:28

Turkish unlisted pipe and steel group Borusan Holdings AS (BRYAT.IS) and German energy firm Energie Baden-Wuerttemberg AG, or EnBW (EBK.XE), will jointly invest EUR2.5 billion in renewable energy projects in Turkey, the press statement distributed before the joint press meeting of the two companies showed Monday, the Ihlas News Agency, or IHA, reported.

Bulgaria Signs Deal To Import Natural Gas From Egypt

Δευ, 27 Απριλίου 2009 - 20:27

Bulgaria signed a deal Saturday to import liquefied and compressed natural gas from Egypt in an attempt to wean itself off Russian deliveries, on which it is almost entirely dependent.

Iraq Bid Round Final Model Contract, Terms Sent To Intl Cos

Δευ, 27 Απριλίου 2009 - 20:26

The Iraqi oil ministry has sent out to international oil companies the final model contract and tender protocol for the eight oil and gas fields included in its landmark first bid round, ministry sources and company officials said Monday.

Sberbank Gives Gazprom $3B Loan To Pay For Gazprom Neft Stake

Δευ, 27 Απριλίου 2009 - 20:24

Russian state bank OAO Sberbank (SBER.RS) has provided gas giant OAO Gazprom (GAZP.RS) a $3 billion loan for five years to pay for a 20% stake in its oil arm OAO Gazprom Neft (SIBN.RS), the bank said Friday.

Greek-Bulgarian energy agreement

Δευ, 27 Απριλίου 2009 - 15:28

Greece is scheduled to sign a new bilateral agreement with Bulgaria today in the context of the energy summit on the security of Europe’s natural gas supply. Headed by Prime Minister Costas Karamanlis and Development Minister Costis Hatzidakis, the Greek delegation will agree a series of energy cooperation matters with the neighboring country and in particular the construction of a natural gas pipeline linking Komotini in northeastern Greece with Haskovo in Bulgaria, the new power link between the two states and the Burgas-Alexandroupolis oil pipeline, said Hatzidakis.

Sofia Summit: Greece calls for alternative energy routes

Δευ, 27 Απριλίου 2009 - 15:21

Prime Minister Costas Karamanlis speaks on the first day of the energy conference in Sofia, stressing the importance of a balanced mix of supplies, sources and routes for a successful energy strategy. Prime Minister Costas Karamanlis stressed the importance of alternative energy supplies and of a common European energy strategy, at the energy summit that opened yesterday in Sofia and concludes today.