Article | May 22, 2012 - 1:24pm
Russia’s LUKoil, which is the third private oil company by proven hydrocarbon reserves in the world, intends to further expand its presence at the Caspian region.
Russia’s LUKoil, which is the third private oil company by proven hydrocarbon reserves in the world, intends to further expand its presence at the Caspian region. LUKoil President Vagit Alekperov and Kazakhstan's national company KazMunayGas CEO Lyazzat Kiinov signed a Memorandum of Understanding which sets the basis for co-operation of Russian companies in studying of geological-geophysical data of free unlicensed onshore and offshore sites in Kazakhstan.
Article | May 21, 2012 - 4:36pm
Growth in the European renewable energy sector, specifically wind and solar, brought on by government policies such as capital grants, subsidies, tax credits and energy production payments may be damaged by economic instability in the region. This is what a report shows researched by GlobalData.
The research found that the level of subsidisation available on renewable power generation cannot be sustained by the current financial environment.
Article | May 21, 2012 - 8:16pm
According to reports, the Director General of the International Atomic Energy Agency Yukiya Amano said that he had intensive talks with Iran's chief nuclear negotiator Saeed Jalili in "good atmosphere."
The one-day visit of IAEA Chief is focused on global nuclear disarmament, stopping nuclear weapons proliferation, peaceful use of nuclear energy for all signatories to the nuclear Non-Proliferation Treaty and future cooperation between Iran and Western powers.
Article | May 20, 2012 - 10:16pm
The Consumer Price Index (CPI) recorded an annual rate of change of 3.0% in April 2012. Excluding energy and unprocessed food, the annual rate was 1.7%.
The Consumer Price Index (CPI) recorded an annual rate of change of 3.0% in April 2012. Excluding energy and unprocessed food, the annual rate was 1.7%. On a monthly basis, the CPI decreased to 0.3% (1.2% in March and 0.4% in April 2011). The CPI 12-month average rate decreased 0.1 percentage points (p.p.) to 3.5% in April, Statistics Portugal reported.
In April 2012, the Portuguese Harmonised Index of Consumer Prices (HICP) annual inflation rate decreased to 2.9%, 0.3 p.p. above the rate estimated by Eurostat for the Euro area.
Article | May 20, 2012 - 9:05pm
BEIJING - The list of countries which decided to join, albeit as observers or just dialogue partners, the Shanghai Cooperation Organization (SCO), is increasing each time. So this year Afghanistan and Turkey decided to get into the so-called "Shanghai Five", which includes Russia, Kazakhstan, China, Kyrgyzstan and Tajikistan.
Article | May 18, 2012 - 11:47am
The Temporary Parliamentary Commission by the Bulgarian Parliament dealing with revision of the moratorium texts on exploration and production of shale gas decided on 17 May to modify the suspension by removing the first provision of the text.
The Temporary Parliamentary Commission by the Bulgarian Parliament dealing with revision of the moratorium texts on exploration and production of shale gas decided on 17 May to modify the suspension by removing the first provision of the text. The adopted changes were made in accordance with the proposal of the Ministry of Economy, Energy and Tourism.
Article | May 18, 2012 - 11:49am
European Commissioner for Enlargement and European Neighbourhood Policy Štefan Füle, and the Turkish Minister for European Affairs and Chief EU negotiator Egemen Bağış, launched on 17 May in Ankara a process aimed to keep Turkish EU accession alive.
European Commissioner for Enlargement and European Neighbourhood Policy Štefan Füle, and the Turkish Minister for European Affairs and Chief EU negotiator Egemen Bağış, launched on 17 May in Ankara a process aimed to keep Turkish EU accession alive.
Article | May 17, 2012 - 6:47pm
During the meeting on Friday between the prime ministers of Bulgaria, Turkey and Qatar, it is expected a trilateral gas deal to be concluded.
During the meeting on Friday, May 18, between the prime ministers of Bulgaria, Turkey and Qatar, it is expected a trilateral gas deal to be concluded. According to unconfirmed information, the discussion between the Bulgarian Prime Minister Boyko Borisov, his Turkish colleague Receb Erdogan and their Qatari counterpart Sheikh Hamad Al Thani will be oriented mainly on the negotiation of import of Qatari gas to Bulgaria. The transportation will be realized through the county’s future gas intersystem connection with Turkey.
Article | May 16, 2012 - 7:14pm
On 16 May, the Nabucco Consortium said it submitted a proposal to Azerbaijan’s Shah Deniz II Consortium for the construction of a reconfigured Nabucco pipeline called Nabucco West
On 16 May, the Nabucco Consortium said it submitted a proposal to Azerbaijan’s Shah Deniz II Consortium for the construction of a reconfigured Nabucco pipeline called Nabucco West, which would bring Caspian gas from the Bulgarian-Turkish border to Baumgarten and beyond. “We are convinced that we have submitted a competitive and comprehensive proposal to the Shah Deniz II Consortium, and that this proposal represents a win-win situation for our shareholders and for suppliers alike”, Nabucco Gas Pipeline International Managing Director Reinhard Mitschek said.
Article | May 15, 2012 - 10:55pm
Russian gas monopoly Gazprom's exports to Europe fell 12% in the first four months of 2012.
Russian gas monopoly Gazprom's exports to Europe fell 12% in the first four months of 2012. Sales from January to April dropped from 58bn cubic metres last year to 51bn cubic metres this year.
Europe, which relies on Russia for about 25% of its gas, bought less fuel because of warmer-than-usual weather at the start of the year. Moreover, an expected rise in prices at the beginning of last year caused Gazprom customers to stock up ahead of the increase and then switch to other suppliers.
Article | May 15, 2012 - 4:09pm
If you ever wonder how an email travels from your PC, tablet or smartphone to its destination, Google has the answer. The giant of internet has launched “Story of Send”, a new website that explains the way an email gets into its addressee.
Article | May 15, 2012 - 2:49pm
BEIJING - The list of countries which decided to join, albeit as observers or just dialogue partners, the Shanghai Cooperation Organization (SCO), is increasing each time.
BEIJING - The list of countries which decided to join, albeit as observers or just dialogue partners, the Shanghai Cooperation Organization (SCO), is increasing each time. So this year Afghanistan and Turkey decided to get into the so-called "Shanghai Five", which includes Russia, Kazakhstan, China, Kyrgyzstan and Tajikistan. Their desire to join is now under a certain status, most likely, it will be approved next month at the upcoming summit of heads of states of this Organization in Beijing on 6-7 June.
Article | May 14, 2012 - 3:58pm
Talks over the resolution of the Armenia-Azerbaijani Nagorno Karabagh conflict have turned into discussions on potential gas deals and future closer EU-Azerbaijani cooperation.
Just recently, Azerbaijan had started to seek closer cooperation with countries like Bulgaria and other EU member states.
There have been various bi-lateral meetings with the Bulgarian Prime Minister, President of the Parliament and even with the European Commissioner for energy, Günther Oettinger.
Suddenly, talks over the resolution of the Armenia-Azerbaijani Nagorno Karabagh conflict turned into discussions on potential gas deals and future closer EU-Azerbaijani cooperation.
What is the game Azerbaijan plays?
Article | May 14, 2012 - 5:11pm
On 14 May, Germany RWE Supply & Trading (RWEST) confirmed it has signed a gas sale and purchase agreement with Ukrainian national joint stock company Naftogaz.
On 14 May, Germany RWE Supply & Trading (RWEST) confirmed it has signed a gas sale and purchase agreement with Ukrainian national joint stock company Naftogaz, the former Soviet republic’ largest energy producer. “I can confirm that we have met the framework agreement. The gas will be sourced from RWEST's pan-European gas portfolio,” RWEST's Sabine Jeschke told New Europe without commenting on any other details like gas volumes “because this will depend on individual contracts”.
Article | May 14, 2012 - 2:16pm
For the first time since December, oil fell below $94 a barrel in New York on 14 May as the EU’s debt crisis worsened and Saudi Arabia, the world’s biggest crude exporter, is again talking down oil.
For the first time since December, oil fell below $94 a barrel in New York on 14 May as the EU’s debt crisis worsened and Saudi Arabia, the world’s biggest crude exporter, is again talking down oil.
Article | May 13, 2012 - 10:06pm
On 10 May, Moldova’s President Nicolae Timofti and his Romanian counterpart Traian Basescu agreed in Bucharest to accelerate the development of energy projects already established, including Iasi-Ungheni (north-east country) gas pipeline.
On 10 May, Moldova’s President Nicolae Timofti and his Romanian counterpart Traian Basescu agreed in Bucharest to accelerate the development of energy projects already established, including Iasi-Ungheni (north-east country) gas pipeline.
Article | May 13, 2012 - 10:14pm
European Bank for Reconstruction & Development recently announced a €135m loan to Turkish energy company Enerjisa to construct a new wind farm in the country, reads a press release. This is the EBRD's second wind farm in Turkey.
European Bank for Reconstruction & Development recently announced a €135m loan to Turkish energy company Enerjisa to construct a new wind farm in the country, reads a press release. This is the EBRD's second wind farm in Turkey. The loan would be utilised to build Enerjisa Bares WPP, an on-shore independent wind farm in Balikesir in western Turkey. Enerjisa Bares WPP will comprise of 52 wind turbines and have a generation capacity of 142.5MW.
Blog entry | May 13, 2012 - 11:18pm
In a report adopted on 8 May by the Energy Committee, European Parliament Members said coordination at EU level and diversification of suppliers including "new non-Russian sources of oil, gas and electricity" for dependent Member States should be the key elements of EU's external energy policy.
Article | May 13, 2012 - 9:46pm
In a recent meeting with Turkmen President Gurbanguly Berdimuhamedov, US General Electric Energy CEO for Eastern Europe, CIS and Russia Cristiano Tortelli said the company attaches great importance to the ongoing effective co-operation with Turkmenistan and intends to actively develop this co-operation further, news agencies reported.
In a recent meeting with Turkmen President Gurbanguly Berdimuhamedov, US General Electric Energy CEO for Eastern Europe, CIS and Russia Cristiano Tortelli said the company attaches great importance to the ongoing effective co-operation with Turkmenistan and intends to actively develop this co-operation further, news agencies reported.
Article | May 13, 2012 - 11:16pm
The Spanish government last week was expectedly critical over Bolivia's nationalisation of a Spanish-owned electric power company but the tone was comparatively softer than that was against the Argentine government’s take over of the Spanish firm Repsol's majority stake in the energy company YPF.
The Spanish government last week was expectedly critical over Bolivia's nationalisation of a Spanish-owned electric power company but the tone was comparatively softer than that was against the Argentine government’s take over of the Spanish firm Repsol's majority stake in the energy company YPF.
Article | May 13, 2012 - 9:39pm
In Russia, there is a second New Year recognised – the Old New Year (stariy noviy god), which takes place after the regular New Year more universally observed. On that note, Russians joke that Vladimir Putin is the old new Russian President. On 7 May, Putin took back the formal reins of power he ceded to Dmitry Medvedev in 2008, when he faced a bar on a third straight term after eight years as president.
In Russia, there is a second New Year recognised – the Old New Year (stariy noviy god), which takes place after the regular New Year more universally observed. On that note, Russians joke that Vladimir Putin is the old new Russian President. On 7 May, Putin took back the formal reins of power he ceded to Dmitry Medvedev in 2008, when he faced a bar on a third straight term after eight years as president.
Article | May 11, 2012 - 5:35pm
The Russian-backed South Stream gas pipeline has never been a European priority, a European Commission spokeswoman told New Europe on 10 May. “Why? Because it diversifies routes but not supply as it is supposed to bring Russian gas to the EU,” she explained.
The Russian-backed South Stream gas pipeline has never been a European priority, a European Commission spokeswoman told New Europe on 10 May. “Why? Because it diversifies routes but not supply as it is supposed to bring Russian gas to the EU,” she explained.
Article | May 11, 2012 - 1:55pm
Shale gas is regarded as the solution to reducing green house gas emissions by 80-95% by 2050, but many fear that the price may be too high to pay.
The European Parliament, specifically the Industry Research and Energy Committee, has launched a debate on the industrial and energy aspects of shale gas. It has been recorded that Poland views shale gas as an opportunity for more energy diversity as well as energy security – especially in terms of reducing dependency on third country gas imports.
Blog entry | May 10, 2012 - 9:26am
The EU and the Japanese Peace Boat have certainly one thing in common: peace. The ship from Nippon has it already in its name, and European integration as its main aim. This concord has remained with me since I boarded the all-Japanese Peace Boat to discuss about issues of Omnilateralism as well as the EU and its current crisis.
Article | May 9, 2012 - 11:21pm
The Chinese National Development and Reform Commission (NDRC) announced on 9 May , that the government will cut gasoline and diesel prices by about 3 percent from May 10, for the first time in six months.
This plan comes in response to declines in international crude oil prices, while crude prices are falling as a weak economic outlook for the EU and the United States indicates a decline in global oil demand.
