English Edition

Malaysias Biodiesel Exports To EU Hampered By High Costs

Malaysia's Biodiesel Exports To EU Hampered By High Costs

Malaysia's biodiesel exports to the European Union nearly doubled to 24,696 metric tons in 2007 from 12,598 tons a year earlier, but absolute numbers continued to remain low due to high prices of the feedstock crude palm oil, said a government official.

Greece’s Power Deficit

Greece’s Power Deficit

Greece’s electric power grid seemed to be flirting with a general blackout last week, as over a third of productive capacity went out of action as a result of the strike at the Public Power Corporation (PPC).

Terna 07 Net Pft +6.4% To EUR413.9M; Div At EUR0.151

Terna 07 Net Pft +6.4% To EUR413.9M; Div At EUR0.151

Terna SpA (TRN.MI), Italy's biggest power grid by capacity, said Tuesday that net profit in 2007 rose 6.4% on the year, better than expected, thanks to efficiency measures and cost cutting.

Russian Min To Visit Mideast To Stem Degrading Conditions

Russian Min To Visit Mideast To Stem Degrading Conditions

Russia's foreign minister will head to the Middle East next week to help stem growing violence in the region and "degrading conditions" between Israel and the Palestinians, a Foreign Ministry official said Tuesday.

Hungary To Transform Power Wholesaler For Lower Prices, Sale

Hungary To Transform Power Wholesaler For Lower Prices, Sale

Hungarian Prime Minister Ferenc Gyurcsany Tuesday ordered Finance Minister Janos Veres to transform state-owned power wholesaler Magyar Villamos Muvek Zrt. to prepare it for privatization and eventually lower electricity prices, a government spokesman said.

Endesa, Open Auction Possible If No Price Agreed On E.ON Deal

Endesa, Open Auction Possible If No Price Agreed On E.ON Deal

Endesa SA (ELE.MC) may start an open auction for a large portfolio of European assets if it doesn't reach an agreement with Germany's E.ON AG (EOA.XE) over its final price, a top official of the Spanish power company said Tuesday.

Chayanda Gas Field May Be Transferred To Gazprom

Chayanda Gas Field May Be Transferred To Gazprom

The Russian government is considering transferring the rights to the Far Eastern Chayanda gas field to OAO Gazprom (GAZP.RS), the Interfax news agency said Tuesday, citing Vitaly Karaganov, a deputy departmental head at the Energy Ministry.

Greek Power Company, Union Reach Deal To Boost Supply

Greek Power Company, Union Reach Deal To Boost Supply

Management and workers at Greece's dominant electric company, Public Power Corp. SA (PPC.AT), reached a deal Tuesday to resume operations at two of 16 power plants shut by recent strike action.

Price Relief Unlikely Amid Varied Demand Trends-IEA

Price Relief Unlikely Amid Varied Demand Trends-IEA

The International Energy Agency on Tuesday said high, $100 a barrel crude prices continue to chip away at oil consumption in the U.S. and other industrialized nations, but warned that there is unlikely to be much relief from current prices because of brisk demand in China and other emerging markets.

Yukos To Sell 49% Stake In Transpetrol To Slovak Govt

Yukos To Sell 49% Stake In Transpetrol To Slovak Govt

Netherlands-based Yukos Finance B.V., a former unit of dismantled Russian oil firm OAO Yukos, is in talks to sell a 49% stake in oil pipeline operator Transpetrol to the Slovakian government, Vedomosti daily reported Tuesday.

GdF Euro Works Council Has Enough Info On Suez Tie-Up

GdF Euro Works Council Has Enough Info On Suez Tie-Up

The European works' council of Gaz de France (1020848.FR) has enough information to give an opinion on the company's planned tie-up with Suez (SZE.FR) when it meets later Tuesday, French business newspaper La Tribune reported Tuesday without saying where it got the information.

Gazprom Neft 2008-10 Invest Program RUB267.5 Bln

Gazprom Neft 2008-10 Invest Program RUB267.5 Bln

OAO Gazprom Neft (SIBN.RS), the oil arm of Russian gas monopoly OAO Gazprom (GAZP.RS), said Tuesday it had approved a 267.5 billion ruble ($11.2 billion) investment program for 2008 to 2010.

Tender for Turkish nuclear plant is closer

Tender for Turkish nuclear plant is closer

Turkey’s Constitutional Court rejected yesterday a request by opposition parties to cancel a government plan to build the country’s first nuclear power plant, paving the way for a tender process in the coming days.