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EU Proposes EUR5B Package To Promote Econ Recovery

EU Proposes EUR5B Package To Promote Econ Recovery

The European Commission Wednesday proposed spending EUR5 billion to help revive the European economy, including new funds for alternative energy, high-speed Internet and gas pipelines to diversify European supply away from Russia.

EU Ferrero-Waldner:EU Needs A Strong Energy Strategy

EU Ferrero-Waldner:EU Needs A Strong Energy Strategy

The recent natural gas dispute between Russia and Ukraine has proved the need for the development of a strong European Union energy strategy and the diversification of Europe's energy supply, said European Union Commissioner for External Relations, Benita Ferrero-Waldner Wednesday.

Ukrainian Sea Ports 2008 Throughput Rose 6.8% On Year

Ukrainian Sea Ports' 2008 Throughput Rose 6.8% On Year

Ukraine's 19 state-owned sea ports handled 132.17 million metric tons of cargo in 2008, an increase of 6.8% compared with 2007, the transport and communications ministry reported Wednesday.

Verbund, Sabanci Buy Turkish Power Grid Co Baskent EDAS

Verbund, Sabanci Buy Turkish Power Grid Co Baskent EDAS

Austrian utility company Verbund AG (VER.VI) said Wednesday that it and Turkish partner Sabanci Energy Group, through their joint venture Enerjisa, have undersigned the purchase contract with the Turkish government for distribution grid company Baskent EDAS in Ankara.

Iraq To Name Qualified Cos For 2nd Bid Round End-Mar

Iraq To Name Qualified Cos For 2nd Bid Round End-Mar

The Iraqi oil ministry will announce the list of prequalified companies eligible to bid for the country's second round of oil and gas tenders at the end of March, an authorized ministry spokesman said Wednesday.

Iranians Protest Opposition Group Losing EU

Iranians Protest Opposition Group Losing EU

Hundreds of Iranians staged a protest outside the British embassy on Wednesday against a decision by the European Union to strike Iran's exiled armed opposition from its terror list.

Russia Sets Price For East Talakan Field At RUB1.66B

Russia Sets Price For East Talakan Field At RUB1.66B

The Russian government's subsoil agency Rosnedra has set a high starting price of 1.66 billion rubles ($50.3 million) at a tender for the license to the East Talakan oil and gas field in Eastern Siberia, the Vedomosti daily says Wednesday citing the agency.

Nord Stream Chief Executive May Sit On Gazprom Board

Nord Stream Chief Executive May Sit On Gazprom Board

The chief executive of the Nord Stream pipeline consortium Matthias Warnig will be nominated to the board of directors of Russia's gas monopoly OAO Gazprom, the daily Vedomosti reported Wednesday, citing several unnamed officials.

The Nuclear Option for SE Europe: A Critical Appraisal, A One Day Conference Convened by the Institute of Energy for SE Europe (IENE) Sofia, April 2009

The Nuclear Option for SE Europe: A Critical Appraisal, A One Day Conference Convened by the Institute of Energy for SE Europe (IENE) Sofia, April 2009

In the light of the recent developments in international energy politics and acknowledging that the debate over the re-emergence of nuclear power in Europe has made a powerful comeback, IENE is organizing a one day conference in Sofia, Bulgaria on April on the Nuclear Option for SE Europe in order to establish a forum that will discuss the opportunities for nuclear power development in SE Europe.

Bulgaria PM Strikes Gas Delivery Deal with Azerbaijan

Bulgaria PM Strikes Gas Delivery Deal with Azerbaijan

Bulgaria is going to receive natural gas from Azerbaijan in the volume of 1 B cubic meters per year, the Bulgarian information agency BGNES reported citing the Bulgarian Cabinet Press Center. The delivery was negotiated Monday during a meeting between the Bulgarian Prime Minister Sergey Stanishev and the President of Azerbaijan Ilham Alyiev.

Iran Exec In Turkmenistan For Talks To Develop Gas Field-Report

Iran Exec In Turkmenistan For Talks To Develop Gas Field-Report

National Iranian Gas Exporting Co. (NIGEC) chief Seyed Reza Kasaeizadeh traveled to Turkmenistan Tuesday to hold talks on the development of a large Turkmen natural gas field by the Islamic republic, the oil ministry's official Shana news Web site reports Tuesday.

Hungary Asks EU For EUR300 Mln Towards Nabucco Pipeline

Hungary Asks EU For EUR300 Mln Towards Nabucco Pipeline

The European Union should invest at least EUR300 million in the Nabucco gas pipeline if the vast project is to succeed, Hungarian Prime Minister Ferenc Gyurcsany said Tuesday.

Egypt Ready To Take Part In Nabucco Pipeline

Egypt Ready To Take Part In Nabucco Pipeline

Egypt views the planned Nabucco pipeline which is due to deliver natural gas from central Asia to Europe, as a strategically important project and is ready to support, Egyptian Petroleum Minister Sameh Fahmy said Tuesday.

EIB: Ready To Finance Up To 25% Of Nabucco Pipeline Costs

EIB: Ready To Finance Up To 25% Of Nabucco Pipeline Costs

The European Investment Bank is ready to finance up to 25% of the estimated EUR8 billion costs for the Nabucco pipeline which aims to ship natural gas straight to Europe from Central Asia via Turkey, EIB President Philippe Maystadt said Tuesday.

Czech PM:South, Nord Stream Pipelines Threaten Nabucco

Czech PM:South, Nord Stream Pipelines Threaten Nabucco

South and Nord Stream pipelines, which aim to bring natural gas to Europe from Russia, pose a threat to the planned Nabucco pipeline due to deliver gas from the Caspian Sea to Europe via Turkey, the Czech prime minister said Tuesday.