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The cost of the South Stream project might be less than $25.41 billion

Sergei Kupriyanov, Gazprom's spokesman, announced on Friday that the Gazprom’s South Stream gas pipeline project is under construction and the cost will be less than 20 billion Euros ($25.41 billion).

read more... 17/05/2010

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EVN interested in Bulgarian hydro project

Austrian utility EVN is going to buy 30.1% of Turkish CCG share in a Bulgarian hydropower project for an unknown sum.

read more... 17/05/2010

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Oil drops below $70 per barrel

Oil hit its lowest three months’ level below $70 per barrel on Monday, registering a loss of about 17% during last two weeks, due to Europe's debt crisis, the weak euro and increasing U.S. oil stocks.

read more... 17/05/2010

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Gas demand in Spain drops after 4-months recovery

On Thursday, Spain’s gas grid operator Enagas registered a 3.4% drop in April gas demand, compared to the same period in 2009, after four months recovery.

read more... 14/05/2010

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Saras Spa registers drop of earnings

Saras SpA, Italy's third major refiner, registered an accentuate drop of its basic earnings in the first quarter, as consequence of its weak refining margins and maintenance activity.

read more... 14/05/2010

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