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Gazprom Could Spend $20B On Central Asian Gas In 09

Russia's state-controlled gas firm OAO Gazprom (GAZP.RS) could spend $20 billion in 2009 to buy Central Asian gas, instead of the $8 billion it will pay this year, the Kommersant daily said Wednesday citing the company's Chief Executive Alexei Miller.

Kazakhstan, China Launch Construction Of Natural Gas Pipeline

Kazakh and Chinese energy officials Wednesday launched the construction of a gas pipeline that will deliver Central Asian gas to China.

Total Steps Back From Investing In Iran

Iran has lost the last major western energy group that had been considering making a significant investment to develop the country's huge gas reserves in a victory for Washington's efforts to isolate Tehran over its nuclear ambitions, the Financial Times reported on its Web site Thursday.

Turkish PM Erdogan Set For First Visit To Iraq Thu

Turkish Prime Minister Recep Tayyip Erdogan is set to make his first visit to Iraq Thursday aimed at boosting security and reconstruction efforts and to discuss the thorny cross-border issue of Kurdish rebels.

Gazprom Urged To Declare Spare Capacity At Pipelines

Russia's Federal Anti-Monopoly Service has said the country's state gas firm OAO Gazprom (GAZP.RS) should publicly declare spare capacity in its gas pipelines and accept all applications for long-term gas-supply contracts, the Vedomosti daily said Thursday.

TNK-BP Holder: Ownership Doesn't Have To Change

A change of ownership at Russian oil giant TNK-BP Holding (TNBP.RS) isn't a foregone conclusion if BP PLC (BP) takes a more compromising stance toward the wishes of its Russian partners, a prominent shareholder said Wednesday.

Gazprom, Libya To Create Oil Refinery Joint Venture

Italy Energy Regulator Urges Eni's Exit From Snam Rete Gas

Italy's Energy Regulator Alessandro Ortis said Thursday Eni SpA's (E) exit from Snam Rete Gas SpA (SRG.MI) would be the "best option" to boost competition in the country's gas market, still dominated by the former monopoly.

Russia Proposes New Independent Oil Refinery

Russia's Deputy Prime Minister Igor Sechin has proposed building a new oil refinery in Russia for small independent oil producers, saying such a move would stabilize fuel prices and create better access for minor producers to refining, the Kommersant daily said Thursday.

Pentagon Analyzing Iran's Latest Missile Launch

The Defense Department was analyzing intelligence on Wednesday's missile test by Iran to determine what it launched and what can be learned about the country's missile capabilities

EU Parliament Backs Strict Oversight For Cos Owning Gas Grids

BRUSSELS (Dow Jones)--The European Parliament voted Wednesday to allow energy giants to keep ownership of their gas grids, however under stricter supervision than European Union countries had agreed on.

Iran Ctrl Zagros Region May Hold 50 Bln Bbl Of Oil - Ministry

TEHRAN (Dow Jones)-Iran's Central Zagros region may contain up to 50 billion barrels of oil, the oil ministry's official Shana Web site reported Wednesday, citing a senior oil official.

Qatargas To See 1st Mega LNG Train Operational By End 08 -CEO

DOHA (Dow Jones)--Qatargas Operating Co. Ltd will see the startup of the first of its four mega liquified natural gas trains by the end of 2008, increasing the company's annual LNG production to 17.8 million tons, the company's chairman and chief executive officer said.