Latest news
Eni sells a huge stake in Trans-Austria Gas pipeline
The Italian energy group Eni has signed an agreement with Cassa Depositi e Prestiti Spa (CDP) for the sale of 89% stake in the Trans-Austria Gas pipeline for 483 million euros ($700 million) plus reimbursement of a shareholder loan granted by Eni to the company equal to 192 million euro.
read more... 14/06/2011
Gazprom reconsiders South Stream feasibility study
According to Gazprom statements, the feasibility study for the South Stream natural gas pipeline for Serbia, Slovenia, Austria, Croatia and Romania has been finished.
read more... 22/04/2011
Nabucco’s future decided by Azeri gas deliveries.
The chief executive of Austrian OMW, Wolfgang Ruttenstorfer reported to the Austrian newspaper, Kurier that the Nabucco gas pipeline project will be implemented only if the project partners will be able to secure big gas deliveries from Azerbaijan in the next months.
read more... 21/02/2011
EU considers fusion between Nabucco and ITGI gas pipeline projects
EU officials are interested in a fusion between Nabucco, a Turkey-Austria pipeline, and ITGI (Interconnector Turkey-Greece-Italy), two strategic gas projects in order to carry gas from Azerbaijan to Europe and to reduce the Russian dependence on gas supplies.
read more... 18/02/2011
Austrian power utility to review its full-year outlook
Austrian utility Verbund reviewed its full-year profit forecast on Thursday, after transferring 43 million Euros to its French unit, which might reduce group net profit by as much as a third.
read more... 29/10/2010