Energy

Poland shale gas production to boost EU energy market

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Shale gas production in Poland will, in a decade, transform the European Union energy market by boosting energy security and lowering gas prices, a report from the Krakow-based Kosciuszko Institute released on 1 September...

Gazprom net jumps to $16 billion in Q1

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Benefitting from recovering demand and higher prices in Europe, its biggest market by revenue, Russian gas monopoly Gazprom’s said in a report on 30 August first-quarter profit jumped 44% to a record, more than...

Nord Stream gas to flow from Russia to EU in October

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Engineers working on the Nord Stream natural gas pipeline have completed the so-called Golden Weld, the first line stretching across the Baltic Sea from Vyborg, Russia, to Greifswald, Germany, and gas is expected to...

“Albania aims to be first green energy nation”

Albanian Prime Minister Sali Berisha recently stated that the government plans to adopt renewable sources of energy policy.He said that the country has huge potential for renewable energy from hydropower, wind, solar, geothermal, and...

UN prepares big green energy push

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The failure to address global poverty means the world community will teach the next generation of people bad environmental habits, Sha Zukang, UN Undersecretary-General for Economic and Social Affairs, said in a press briefing....

Sofia, Tokyo discuss mutually green energy cooperation

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Sofia would like to build the Bulgarian-Japanese economic ties on a mutually profitable basis, Bulgarian Prime Minister Boyko Borisov said after his meeting with Japan Federation of Economic Organizations Keidanren, Bulgaria’s Focus News Agency...

Lisbon, Caracas ink green energy deal

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The Venezuelan President Hugo Chavez, during his recent visit to the European country, inked agreements with Portugal for the development of renewable energy projects.Portugal, which has no oil or coal, has in recent times...

LNG supply will exceed demand by 2013

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GLOBAL liquefied natural gas (LNG) supplies will outstrip demand until 2013, Repsol YPF chief executive Antonio Brufau told the 24th World Conference on gas in Buenos Aires, Argentina, on 6 October. “Primary gas consumption’s share...

EU and Arab world seek co-operation on green energy

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THE European Union and the governments of Egypt, Israel, Syria and much of the Arab world began discussions on 9 October on the launch of a common green energy market. The occasion was a...

Global oil demand to rise fasterer than predicted

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AS THE world’s economies recover more rapidly than forecast from recession, global oil demand is now also expected to rise quickly more than had been foreseen, the International Energy Agency (IEA) said on 9...

Greek pipeline policy becomes a national issue

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Greece’s energy pipeline policy is taking on the dimensions of a national issue, Prime Minister Costas Karamanlis said, addressing an election campaign rally in the northern city of Alexandroupolis on 23 September. We laid...

Windmills to start turning in the north

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Wind Energie sro, established in 2004, has announced its intention to build a wind farm in the north of Slovakia, near the town of Tvrdosin, The Slovak Spectator reported on 18 September. The estimated cost...

Total ready to discuss changes to Kharyaga terms

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French oil company Total is ready to discuss terms for transferring the Kharyaga field project to a national taxation regime, Menno Grouvel, Total's senior vice president for continental Europe and Asia, told the press...

Baku to contribute to European energy security

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Azerbaijan is ready to make its contribution to efforts aimed at ensuring energy security in Europe, Azeri President Ilham Aliyev told Interfax after talks with Slovenian head Janez Drnovsek in Bled, Slovenia. "Azerbaijan, as...

Azeri-Chirag-Gunashli pays 825 million in 2005

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Azerbaijan received revenue of 825 million Euro from the Azeri-Chirag-Gunashli project in 2005. BP-Azerbaijan President David Woodward said on August 28 at a presentation of the company's third long-term development report for 2005 that...

LUKoil to produce 53 mln barrels in Kazakhstan in 2006

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Russian oil major LUKoil plans to produce 53.3 million barrels of oil equivalent in Kazakhstan in 2006, LUKoil Overseas Service Ltd. public relations Director Yerkanat Abeni told journalists in Almaty last Tuesday. He said...

IEA predicts oil production growth in Russia in 2011

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The International Energy Agency (IEA) projects an increase in daily oil production in Russia from 9.75 million barrels in 2006 to 10.2 million in 2008 and 11 million in 2011. The IEA said in...

SOCAR to buy 4.5 bcm of gas from Gazprom in 2007

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Azeri state oil company is planning to buy 4.5 billion cubic metres (billion cubic metres) of gas from Gazprom in 2007, SOCAR Vice President Elshad Nasirov told reporters. "We told Gazprom the maximum volume...

Transneft meets Druzhba demands

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Russian oil pipeline monopoly Transneft has carried out orders from natural resource watchdog Rosprirodnadzor to end violations of environmental legislation at the Unecha-Polotsk section of the Druzhba oil pipeline in Bryansk region, where an...

Gazprom offered stake in Portugal’s Gulp Energia

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Americo Amorim, co-owner of Galp Energia, SGPS, S.A., the largest company on Portugal's energy resources market, plans to sell part of his stake to Gazprom to make energy supplies to Portugal more reliable, Amorim...

TNK-BP subsidiary overturns Urengoigeoresurs license

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The Ninth Arbitration Court of Appeal last Monday invalidated a joint resolution from the Russian Natural Resource Ministry from February 17, 2004 and from the Yamalo-Nenets autonomous district administration from February 26, 2004 granting...

Azerbaijan, Georgia, Turkey to receive BTC tax

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Total tax payments to the budgets of Azerbaijan, Georgia and Turkey, from profits received from the operation of the Baku-Tbilisi-Ceyhan (BTC) pipeline are estimated at USD 2.104 billion by 2027, a source in Azeri...

Gazprom, E.ON extend current contracts, sign NEGP contract

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Russian gas giant Gazprom and Germany's E.ON Ruhrgas AG last Tuesday signed an agreement to extend current contracts for natural gas supplies by 15 years (from 2020 to 2035) and have signed a contract...

Oil companies turn to Spain for black gold

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As Europe seeks to reduce dependence on the unstable Middle East's oil reserves, it is not only looking to continents like Africa or Latin America, but also to its own soil to ensure supplies....

Watchdog extends deadline for Shtokman study

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Russian natural resource watchdog Rosprirodnadzor has extended by two months the deadline for carrying out a state environmental impact study for the first development phase of the Shtokman project, including production and marine transportation...

Gazprom makes 1st LNG supplies to Japan

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Russian gas giant Gazprom supplied its first consignment of liquefied natural gas (LNG) to Japan on August 18. The company said in a statement that this operation was carried out through the British company...

Slowdown in Russian oil production growth

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The pace of growth in oil production in 2009 will fall to 1.4 percent, according to a report on the main areas of budget and tax policy in 2007 prepared by the Russian Finance...

Prosecutor launches case against YUKOS top managers

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The Russian Prosecutor General?s Office has launched a criminal case against former YUKOS President Steven Theede. The criminal case was opened on charges of embezzlement and money laundering (articles 160 and 174 of the...

Rosneft’s export routesto be dictated by stature

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The provision of export routes to Rosneft will be dictated by the capacity of the Transneft system, the practice of previous years and the company?s stature, the oil company said in its report for...

Gazprom may up Latvijas Gaze stake in the future

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Russian gas giant OAO Gazprom does not yet plan to increase its participation in Latvian gas distribution company Latvijas Gaze, but it has not ruled out this possibility in the future. Gazprom spokesperson Sergei Kupriyanov...

Kashagan project may be delayed until end 2009

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The Kashagan oil field in Kazakhstan?s sector of the Caspian Sea might not go commercially on stream until the end of 2009 or start of 2010, Kazakh Energy and Mineral Resources Minister Baktykozha Izmukhambetov...

Russia allows independent companies to export gas

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Russian agencies have allowed companies independent of Gazprom to export stable gas condensate, a source in one of the profile agencies told Interfax. ?The economic development and trade ministry sent a letter to the...

Total makes 2nd payment to Russian budget

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Total Exploration & Production, the operator of the Kharyaga field in Nenets autonomous district, has made its second payment on profitable oil to the Russian budget amounting to USD 28 billion, a source in...

Russneft eyes Zarubezhneft asset

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Russian oil company RussNeft is holding talks with Zarubezhneft to acquire a number of fields and oil production infrastructure in Ulyanovsk region, a source close to the talks told Interfax. According to the source,...

Sakhalin-Khabarovsk pipeline to be launched on Oct. 5

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A gas pipeline between Sakhalin, Komsomolsk and Khabarovsk with annual capacity of 4.5 billion cubic metres will be commissioned on October 5, 2006, Khabarovsk Governor Viktor Ishayev told a last Thursday press conference. The...

Gazprom listed as emerging market heavyweight champion

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Ohe liberalisation of the Gazprom share market, which was a dream come true for the Russian stock market this year, has reached its logical conclusion. Following a quarterly review of the structure of Morgan...

German official discounts Swedish concerns over NEGP

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Swedish concerns that a gas pipeline under the Baltic Sea may lead to pollution were described as exaggerated on August 20 by Harald Ringstorff, premier of the German state where the pipeline will reach...