English Edition

Eni May Use $4.2B From Gazrom For Small Buys

Πεμ, 30 Απριλίου 2009 - 19:38

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

Πεμ, 30 Απριλίου 2009 - 15:41

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

Πεμ, 30 Απριλίου 2009 - 13:33

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

Πεμ, 30 Απριλίου 2009 - 13:31

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.

Polish Foreign Min To Visit Russia May 5-6 - Russian Ministry

Τετ, 29 Απριλίου 2009 - 20:17

Polish Foreign Minister Radoslaw Sikorski will visit Russia next week amid hopes that tensions will ease between the neighbors, Russian foreign ministry spokesman Andrei Nesterenko said Wednesday.

Gazprom To Cut 2009 Gas Output Plan By 10% Or More-Prime

Τετ, 29 Απριλίου 2009 - 20:14

Russian natural gas giant Gazprom said Wednesday in a conference call that it would cut its 2009 gas output plan by 10% or more, Prime-Tass news agency reports.

Ukraine Asks Russia To Help Upgrade Pipeline System

Τετ, 29 Απριλίου 2009 - 20:11

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

Τετ, 29 Απριλίου 2009 - 20:09

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 Min's German Visit

Τετ, 29 Απριλίου 2009 - 20:07

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

Τετ, 29 Απριλίου 2009 - 20:06

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

Τετ, 29 Απριλίου 2009 - 15:42

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.

Russia To Mull Loan To Bulgaria For Nuclear Plant

Τρι, 28 Απριλίου 2009 - 19:49

The Russian government will consider disbursing a loan worth several billion of euros to Bulgaria for the construction of its Russian-built Belene nuclear power plant, Prime Minister Vladimir Putin said Tuesday following a meeting with his Bulgarian counterpart Sergei Stanishev, news agency Prime-Tass reported.

Hungary MVM, E.ON Unit To Operate Elec, Gas Trade Platform

Τρι, 28 Απριλίου 2009 - 19:47

Hungarian state-owned power wholesaler MVM Zrt. and E.ON AG's (EOAN.XE) local subsidiary Tuesday said they have signed an agreement to jointly operate the integrated natural gas and electricity trading platform Powerforum.

Norway Calls For Peaceful Cooperation On Arctic Resources

Τρι, 28 Απριλίου 2009 - 19:46

Norway's foreign minister Tuesday called for peaceful cooperation in the Arctic as the region's five bordering countries vie for potentially lucrative natural resources.

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.