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Energy Business News
Putin supports Siemens, Rosatom agreementRussian Prime Minister Vladimir Putin on 9 November urged German giant Siemens AG to forge a “strategic” partnership with state nuclear firm Rosatom. “It’s important that special relations appear between your company and Rosatom,” Putin Gazprom suffers steep losses in H1 Dropping demand and rising business costs slashed profits for Russian natural gas monopoly Gazprom by nearly 50% in the first half of 2009 when compared to the same period last year, the company reported on EU tracks pollution online European Union citizens are now able to check how bad for their health industrial plants near their homes are, after the EU’s executive on 9 November opened an online tracker for the main pollutants. The Ukraine could face $7.8 bln penalty from Gazprom Ukrainian President Viktor Yushchenko said his country could face a $7.8 billion penalty from Russian gas monopoly Gazprom for shortfalls in the consumption of natural gas. Local television quoted Yushchenko as saying that his country Jordan close to EU charter full membership Jordan is in the last stage of negotiations for obtaining the full membership of the European Energy Charter Treaty (ECT), Jordan’s Minister of Planning and International Cooperation Suhair al-Ali said on 9 November. Al-Ali made Russia makes inroads into the EU, says DG TREN  Russian President Dmitry Medvedev will attend an EU-Russia summit in Stockholm on 17-18 November to discuss energy security and a new cooperation pact. “We have not yet found the right legal framework for relations with Iraqi lawmakers challenge foreign oil contracts The contracts signed by international oil companies jockeying for a stake in the vast oil resources in Iraq are illegal, a lawmaker said. A small group of lawmakers in Iraq protested the series of deals No decision to sell Swedish power grid Swedish state-owned utility Vattenfall said on 12 November it was not planning to sell its electricity network in Sweden, partly to raise funds for investments in British nuclear power plants as suggested in a media Iraq inks oil contract with BP-CNPC group The government of Iraq on 3 November signed a contract with a Chinese-British consortium to develop southern Iraq’s massive Rumaila oil field, Deutsche Presse-Agentur (dpa) quoted Iraqi Oil Ministry spokesman Assim Jihad as saying. The Atomstroyexport, Westinghouse, Areva bid for Temelin tender  CEZ said three companies have placed preliminary bids to build up to five nuclear reactors for the Czech power firm. France’s Areva, Russia’s Atomstroyexport and US’ Westinghouse entered a tender to expand the Czech Republic’s Gazprom to increase gas supplies to Poland Polish gas monopoly PGNiG said recently that it struck a deal with Russian gas giant Gazprom that will increase gas supplies to Poland until 2037. The agreement, which must still be approved by governments in Greece discusses Trans Adriatic pipeline  In the framework of scheduled contacts of the new Greek Deputy Minister for Environment, Energy and Climate Change, Ioannis Maniatis, on the subject of the country’s energy infrastructure, Maniatis met on 4 November with representatives EU, US boost cooperation through Energy Council  EU Energy Commissioner Andris Piebalgs and US Secretary for Energy Steven Chu attended the launch of a new EU-US Energy Council on 4 November in Washington DC, aiming to boost transatlantic energy cooperation.
The EU said Kazakhstan, Azerbaijan eye Asian energy markets  One of the most talked about news in Kazakhstan’s oil and gas industry today is that Caspian gas, in particular, from Azerbaijan may turn 180 degrees around and flow east instead of west, toward China. HELPE-Edison merger through absorption of Thisvi Hellenic Petroleum S.A. announced on 23 October, within the framework of the agreement to form a strategic alliance with Italy’s Edison SpA that was signed on 3 July 2008, the merger through absorption of Thisvi Azerbaijan mulls Iranian, Russian gas markets Azerbaijan is ready to sell its gas to Iran and Russia amid lingering disputes over the sale price for its natural gas to Turkey, state oil company of Azerbaijan (SOCAR) President Rovnag Abdullayev said. He Slovakia to secure oil supply from the Adriatic Slovaks and Austrians will construct a pipeline that should secure oil from the Adriatic for Slovakia as of 2012, Radio Slovakia reported on October 19. The construction of a pipeline by oil companies Transpetrol and Gas production from Azerbaijan increases Azerbaijan in the first nine months of the year produced significantly more oil than expected, Minister of Industries and Energy Natig Aliyev said. Azerbaijan produced 277 million barrels of oil, which was significantly higher than anticipated, EU, Russia eye "early-warning" deal soon The European Union and Russia want to set up an alarm system to warn of future gas and oil cut-offs at a summit in November, EU Foreign Affairs Commissioner Benita Ferrero-Waldner said 19 October. Supplies of Total’s Yemen LNG plant starts producing gas France’s Total announced that the Yemen LNG liquefaction plant started producing Liquefied Natural Gas on 15 October. Total is lead shareholder of Yemen LNG and holds a 39.62% interest, alongside the state-owned company Yemen Gas |
EU-Russia energy game EU budget: Naming and Shaming of Member States allowing fraud A message for Turkey: tear down Cyprus’ wall now! India says global warming is not to blame for Himalayan glacier melt A misled Merkel takes a swipe at GM over its Opel U-turn Lesbian Bisexual Gay and Transexual (LBGT) organisations across Europe cooperate under the umbrella of the International Lesbian and Gay Association This coming Thursday evening, November 19 during the “Last Supper,” the 27 heads of the EU Member States will decide The end of World War II found the United Kingdom winners, but literally bankrupt. The After months of networking, secret briefings, it seems that the candidates for the Council President In a meeting in Washington with the current Swedish Presidency of the European Union, US President Barack Obama said that As the United States and NATO have urged European countries to take a bigger role Europe must step up its efforts in Afghanistan if it wants to avoid straining relations Six months after they met in London and established a $1.1 trillion-dollar support package for As the first top British diplomat to visit Moscow in recent five years, British Foreign Secretary David Miliband wrapped up Despite French carmaker Renault’s earlier statement that it will not invest any more money in The United States and Russia on 9 November began another round of talks over nuclear Russian Prime Minister Vladimir Putin said the government will continue to adopt measures to better The worldwide economic recession has had European Union businesses keenly eyeing China for continuing markets, and the EU’s Chamber of Showing there is still some major differences between the European Union and China in areas Just as the 60th anniversary of the founding of the People’s Republic of China passed |
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