Ukraine Cannot Guarantee Reliable Gas Transit to Europe, Gazprom CEO Says

Gazprom CEO Alexey Miller said Wednesday that the poor condition of Ukraine's gas transportation system (GTS) prompts the company to look for additional routes for gas deliveries to the European Union.

Japan to fund Iran's petrochemical projects

Iran's Ministry of Petroleum announced Sunday that Japan will fund the development of some Iran's petrochemical projects, Press TV reported.

China's resolution gives hope to world economy

China's ambition to advance reform and maintain medium to high growth has injected hope and stability into the world economy, experts have observed.

Energean delays come with a cost

While some choose to be dealing exclusively with petty politics and partisanly negotiations, we end up having great delays in the energean sector, which by the way is constantly evolving, and in a drastic fashion at that.

A reserve is changing a Nation's fate

At present, Egypt with its 80 million, and Greece with its 11 million inhabitants, have about the same annual gross domestic product (GDP), ie, around 235 Billion Euros.

Indonesia asks for foreign help to put out forest fires.

Indonesia's president said on Thursday he had asked Singapore, Russia, Malaysia and Japan for help to put out fires that have sent choking smoke drifting across the region for weeks.

Germany Pledges Over $1Bln in Aid for Indian Solar Power Projects

Germany will provide India with an assistance package worth over 1 billion euros (over $1.1 billion) to boost Indian solar projects, Prime Minister Narendra Modi said Monday.

Indonesia refuses help offered by Singapore to deal with haze

Indonesian officials clarified that they had enough resources and did not need to call on assistance offered by Singapore to deal with haze at this time during the meeting with Singaporean delegates, said Singapore's Ministry of the Environment and Water Resources (MEWR) on Friday.

Rosneft, Novatek, Gazprom to invest trillions of rubles in Russia's Yamal

Russian oil and gas majors Rosneft, Novatek and Gazprom plan to invest several trillions of rubles in the economy of Russia’s Yamal-Nenets Autonomous District within the nearest several years, the region’s governor Dmitry Kobylkyn said on Thursday.

Indonesia forest fire affects over 75,000 people

The number of hot spot in Indonesia's forest fire scaled up in Riau province of Sumatra, the hardest hit area, on Monday, in part due to fresh acts of burning, as more than 75,000 people are affected, official said on Monday.

World must redouble efforts on sustainable energy goals (UN-backed report)

The world must redouble its efforts to achieve universal access to sustainable energy by 2030 through increasing energy investments and transferring technology to countries with less capacity, said a UN-backed report released Monday.

Chinese ambassador voices support for investments in Piraeus port

Chinese Ambassador to Greece Zou Xiaoli on Friday reiterated the support of the Chinese government to investments in Piraeus port and the strengthening of bilateral cooperation in the future.

EUR 815 million support for transport and energy in Greece

The European Investment Bank (EIB) is providing up to EUR 815 million for motorways, the Thessaloniki metro and an improved electricity transmission network in Greece.

In the presence of EIB President Werner Hoyer, five finance agreements were signed today in Athens in a public ceremony by the EIB Vice-President responsible for Greece, Mihai Tanasescu, the Minister of Finance Gikas Hardouvelis, the Minister of Infrastructure, Transport and Networks, Michalis Chrysohoidis, the Chairman and Managing Director of Attiko Metro Christos Tsitouras, the Chairman and Chief Executive Officer of the Greek Public Power Corporation S.A. Arthouros Zervos, and the Chairman and Chief Executive Officer of the Greek Independent Power Transmission Operator (IPTO) Yiannis Yiarentis. The ceremony was attended also by Minister of Environment, Energy & Climate Change Yannis Maniatis.

China, Greece ink $4.6 billion in deals. "Greece can become China's gateway in Europe and the start of a European trade corridor"

Chinese Prime Minister Li Keqiang visited  port of Piraeus in Greece on Friday, after a series of trade and investment deals worth $4.6 billion were signed between the two sides during Li 's three-day visit to Greece.

The deals included multi-billion-dollar Chinese bank loans to build at least 10 Greek-owned ships in Chinese shipyards. There were also agreements on the construction of solar energy parks in Greece, AFP reported.

Bulgaria to Sign 6+4 Year Contract with Gazprom

Bulgaria will seek a gas supply contract with Russian Gazprom for a period of 6+4 years, according to Prime Minister Boyko Borisov.
Borisov declared Wednesday that the contract would be valid for an extra four years in case Bulgaria failed to produce sufficient gas on its own territory.
Borisov's statement came one day before Bulgaria's signing of the final investment decision on the construction of the South Stream gas pipeline.

Land sold off and used for biofuels could have fed 1 billion people – report

Indian labourers work in a field of Jatropha in the village of Hassan, some 250 kms from Bangalore. Jatropha, a wild shrub that grows abundantly across India, has been hailed as an eco-friendly solution to the energy needs. (AFP Photo / Mission Biofuels India)
2 million kilometers of foreign purchased land in developing countries is either idle or used for Western biofuel production, according to a British charity. Oxfam's report estimates an area the size of London is sold every six days.
The report states that between 2000 and 2010, 60% of investment in agricultural land by foreign traders occurred in developing countries with hunger problems.