English Edition

Gazprom: GdF Suez Interested In Min Stake In North Stream

Τρι, 23 Δεκεμβρίου 2008 - 16:59

French energy group GDF Suez SA (GSZ.FR) is in principle interested in becoming a minority shareholder in the Nord Stream pipeline, Russia's state-controlled natural gas monopoly Gazprom said Monday.

Serbia Reaches Energy Deal with Russia in Spite of Strong Opposition

Τρι, 23 Δεκεμβρίου 2008 - 15:14

Serbia said yesterday it has agreed on a multi-million-dollar energy deal with Russia, to be signed this week despite strong opposition within the Balkan country's government. The deal means Serbia will sell its oil monopoly, NIS, to Russia's state-controlled Gazprom in exchange for the construction of a strategic Russian pipeline through Serbia.

OMV and RWE Start Joint Venture for Gas Pipeline

Τρι, 23 Δεκεμβρίου 2008 - 15:05

Austria’s OMV and Germany’s RWE are starting a joint venture to carry out exploration for a gas pipeline across the Caspian Sea that could feed into the Nabucco link to Europe, OMV said yesterday. The venture, called Caspian Energy Company, will next year review gas transport infrastructure options that could provide Europe with access to natural gas from the eastern side of the Caspian Sea, OMV said.

Agreement on Joint Venture for Development of Belene N Plant Project Signed

Δευ, 22 Δεκεμβρίου 2008 - 19:18

Bulgaria's National Electric Company (NEK) and Germany's RWE Power AG signed an agreement on the establishment of the Belene Energey Company, a 51-49 joint venture for the implementation of the project to build and operate Bulgaria's second nuclear power plant.

Gazprom Neft, Serbia Reconfirm NIS Deal

Δευ, 22 Δεκεμβρίου 2008 - 16:28

Serbia's government and Russia's OAO Gazprom Neft (SIBN.RS) have reconfirmed their commitment to a deal under which the Russian firm will buy a 51% stake in Serbian state-run oil company NIS, the Interfax news agency reports Monday citing an unnamed source.

Iran Set To Build 5 New Nuclear Reactors In Next 5 Yrs

Δευ, 22 Δεκεμβρίου 2008 - 16:27

Iran's Atomic Energy Organization says the country plans to construct five additional nuclear reactors in the next five years, Iran's state-controlled international news network, Press TV, reported late Sunday.

Iraq To Announce Second Oil Field Tenders Dec 29

Δευ, 22 Δεκεμβρίου 2008 - 16:26

The Iraqi oil ministry is planning to announce the second round of tenders to develop its vast oil and gas fields, which are among the world's largest, on Dec. 29, an official at the ministry said Monday.

Siemens Gets EUR1.5B Order From Iraq Ministry Of Electricity

Δευ, 22 Δεκεμβρίου 2008 - 16:25

Siemens AG said Monday it secured a major contract worth about EUR1.5 billion from Iraq for the supply of key components for the expansion of the country's power system. The purchaser is the Iraqi Ministry of Electricity.

Gazprom Warns May Be Disruption To Europe's Gas Supply

Δευ, 22 Δεκεμβρίου 2008 - 16:23

Supply of Russian natural gas to Europe may be disrupted due to a pricing row between Russia and Ukraine, the Interfax news agency reported Monday, citing Viktor Zubkov, chairman of export monopoly OAO Gazprom (GAZP.RS).

RWE, OMV Set Up Co Focusing On Caspian Region Infrastructure

Δευ, 22 Δεκεμβρίου 2008 - 16:08

OMV Gas & Power GmbH and RWE Supply & Trading GmbH are to jointly own the Caspian Energy Company Ltd., which has been newly established in London, OMV AG said Monday.

TNK-BP Names New Board, None Of Its Old Directors Included

Δευ, 22 Δεκεμβρίου 2008 - 16:07

None of the members of the old board of Anglo-Russian oil company TNK-BP Holding (TNBP.RS) has been elected to its new board, as presented by the company Monday.

Bulgaria’s Electricity Exports Steady in 2008

Δευ, 22 Δεκεμβρίου 2008 - 15:56

Bulgaria’s dominant power utility NEK said its electricity exports would be around 4.5 kilowatt (kWh) this year, unchanged from 2007. “Bulgaria exported the electricity mainly to its Balkan neighbors Greece, Serbia and Macedonia,” NEK’s executive director Madrik Papazyan told a news conference on Saturday.

Bulgaria, Turkmenistan Vow Cooperation in Energy Sector

Δευ, 22 Δεκεμβρίου 2008 - 15:52

Bulgarian President Georgi Parvanov, who is paying an official visit to Turkmenistan, conferred with his Turkmenistan counterpart Gurbanguly Berdimuhamedow. The two heads of state discussed opportunities for promoting bilateral relations and cooperation in the energy sector.

Turkmenistan Dashes Gas Hopes

Παρ, 19 Δεκεμβρίου 2008 - 21:25

When an audit confirmed in October that Turkmenistan boasted one of the world's largest natural-gas fields, Western oilmen sniffed the chance of a once-in-a-lifetime mega-deal with a country that finally seemed to be opening up to the world. They've been badly disappointed.

EU Says Gas Supply Won't Be Hit By Russia-Ukraine Tensions

Παρ, 19 Δεκεμβρίου 2008 - 21:24

Gas supply to the European Union won't be affected by disputes between Ukraine and Russia, the European Commission said Friday.

Park Elektrik Shares Jump On OK For Nuclear Bid

Παρ, 19 Δεκεμβρίου 2008 - 21:23

Turkish electricity Park Elektrik (PRKTE.IS) shares jumped 9.8% to 0.9 lira after the country's Atomic Authority (TAEK) approved the technology of a Russian-Turkish consortium which was the sole bidder in a tender to build the country's first nuclear power plant, Ihlas News Agency, or IHA, reported Friday.