English Edition

Global Crisis Worries Gazprom

Πεμ, 23 Οκτωβρίου 2008 - 13:03

OAO Gazprom posted a 30% rise in first-quarter profit, but the Russian natural-gas monopoly cautioned that the global credit crisis could hurt its cash flows and ability to borrow.

Gazprom Exec: Alliance With BP, TNK-BP Feasible

Πεμ, 23 Οκτωβρίου 2008 - 13:02

Russian natural gas giant Gazprom Neft (SIBN.RS) believes that the creation of an alliance with British oil company BP PLC (BP) and its Russian joint venture TNK-BP is feasible, Stanislav Tsygankov, head of Gazprom's foreign projects department, told reporters Wednesday, Russian news agency Prime-Tass reports.

Wingas Sues German Regulator Over Transmission Grid Regulation

Πεμ, 23 Οκτωβρίου 2008 - 13:00

German natural gas importer and pipeline operator Wingas GmbH said Wednesday it will take the country's network regulator, the Bundesnetzagentur, to court in a dispute over regulation of gas transmission grids.

CEZ Sales Head: Nuclear Power Is Best Long-Term Cost Solution

Πεμ, 23 Οκτωβρίου 2008 - 12:58

The European Union should push its deadline to cut Europe's carbon emissions from electricity generation back by 10 years to accomodate the construction of new nuclear power generators, a senior executive at Czech utility CEZ AS (BAACEZ.PR) said Thursday.

Baku-Supsa Oil Pipe Ready To Reopen In Near Future

Τετ, 22 Οκτωβρίου 2008 - 19:27

The pipeline that delivers crude oil from Azerbaijan's capital, Baku, to the Black Sea port of Supsa in Georgia is ready to restart and will resume operation in the near future, a spokesman for pipeline operator BP PLC (BP) said Wednesday.

Ukraine Says IMF Deal Is Close, Challenges Remain

Τετ, 22 Οκτωβρίου 2008 - 19:25

Crisis-stricken Ukraine expects to get an agreement on an emergency loan from the International Monetary Fund as early as Wednesday, Ukrainian Prime Minister Yulia Tymoshenko said.

Russia Cuts Reserves View Amid Oil Fall, Cap Outflow

Τετ, 22 Οκτωβρίου 2008 - 19:22

Russia's central bank Wednesday said it expects its gold and foreign exchange reserves to grow at a slower pace than originally planned this year and next, amid a plunge in oil prices and outflow of capital from the country.

Turkish Competition Board Approves Izgaz Sale To GDF

Τετ, 22 Οκτωβρίου 2008 - 19:21

Turkey's Competition Board approved Tuesday the sale of Izgaz, the gas distribution company of Turkey's northwestern industrial city of Izmit, to French energy group GdF Suez (GSZ.FR), the Ihlas News Agency, or IHA, reported.

Gazprom CEO: Cheap Hydrocarbon Era Is Over

Τετ, 22 Οκτωβρίου 2008 - 19:19

The time of cheap hydrocarbons is over, Russian gas giant OAO Gazprom's (GAZP.RS) Chief Executive Alexei Miller said Tuesday, following the creation of an Organization of Petroleum Exporting Countries-style body for gas exporting nations.

Iran, Russia And Qatar To Form OPEC-Style Gas Group

Τετ, 22 Οκτωβρίου 2008 - 19:17

Iran, Qatar and Russia have agreed to form an OPEC-style organization for gas exporting countries, the Islamic Republic's oil minister said Tuesday after a trilateral meeting in Tehran.

GDF Suez CEO: Gas Pact Could Be Welcome If A Dialogue Forum

Τετ, 22 Οκτωβρίου 2008 - 19:16

French energy giant GDF Suez (GSZ.FR) would be prepared to look favorably on an OPEC-style organization for gas exporting countries if it is a forum for dialogue, but not if it is just a cartel, Chief Executive Gerard Mestrallet said Wednesday.

E.ON Ruhrgas CEO:Not Really Worried About OPEC-Style Gas Pact

Τετ, 22 Οκτωβρίου 2008 - 19:14

German natural gas company E.ON Ruhrgas AG's Chief Executive Bernhard Reutersberg Wednesday said long-term supply contracts mean an OPEC-style organization for gas exporting countries isn't too much of a worry.

Russian Pres Medvedev Pushes To Boost Ties On Armenia Visit

Τρι, 21 Οκτωβρίου 2008 - 12:57

Russian President Dmitry Medvedev pushed to strengthen longstanding ties with Armenia on a visit Tuesday, amid shifting political currents in the turbulent Caucasus after August's war in Georgia.