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Vienna International Energy Industry News

Poland: Audit at Oil and Gas Company PGNiG

Poland’s new Treasury Minister Wlodzimierz Karpinski announced on Wednesday to carry out an urgent audit at Polish state-controlled oil and natural gas company PGNiG.

April 25, 2013

Czech Republic: New Rounds of Negotiations for Temelin Tender

Czech power provider CEZ has started another round of talks with bidders in the offer to extend the Temelin nuclear power plant in southern Bohemia.

April 24, 2013

Former Polish President: “EU Needs Ukraine”

In an interview with Polish news magazine Wprost, former Polish president Aleksandar Kwasniewski explains that in the future, the EU will need Ukraine.

April 22, 2013

EU Countries to Use Ukrainian Gas Storage Facilities

EU Countries Show Interest in Ukraine’s Gas Transportation System

April 19, 2013

Austia: Stable Industrial Production

Austrian industrial enterprises are particularly concerned about the future. The order situation was stable last year, however, only because of domestic orders. Sales in exports are still decreasing.

April 12, 2013

EU Examines Bulgarian Electricy Market

On request of the Bulgarian Government, an expert group will examine the prices for electricity after the protests. Another issue is the independence of the energy regulator.

April 12, 2013

Gazprom to Be Joined By Shell

Russian energy giant Gazprom and British-Dutch oil producer Shell announced cooperation.

April 9, 2013

Czech Republic: Exports and Imports Decreased Considerably

In February 2013, according to preliminary data of ‘cross−border statistics’, exports and imports at current prices fell by 3.6% and 4.4%, year-on-year (y−o−y), respectively.

April 9, 2013

Russia: Economic Growth Below Expectations

The Russian economy is flatlining. The government and the Central Bank of Russia (CBR) blame each other for the current state of affairs.

April 8, 2013

Law Files Against Bulgaria from EVN and CEZ.

Power Suppliers EVN, CEZ and Energo Pro have to face high losses. CEZ announced to file a law against Bulgaria as well.

April 3, 2013

Poll: Estonians Want Economy Minister to Resign

56 % of Estonian citizens want the Economy Minister Parts to step down.

April 3, 2013

Gazprom to Absorb Romanian Bunkering Operator

Gazprom affiliate Neft Marine Bunker LLC has acquired Romanian Marine Bunker Balkan.

April 3, 2013

Bulgaria: Labor Hour Costs Increased 5.1 % in Q4 2012

Preliminary data of NSI for the Fourth Quarter of 2012 indicated that the total hourly labour cost rose by 5.1% compared to the Fourth Quarter of 2011.

March 30, 2013

EVN to Get Support by State Secretary

State Secretary Lopatka intervened in EVN’s dispute with Bulgarian government. He urges Bulgaria to ensure protection of investments.

March 29, 2013

Czech Republic: Gazprom to Build New Gas Storage Tanks

Gazprom and MND Group are going to invest € 100m in a gas storage facility near the Austrian border.

March 26, 2013

Ukraine and Deutsche Bank Signed Agreement

In order to finance the reconstruction of gas transportation system of Ukraine last year a loan agreement between the Ukrainian "UkrTransGas" subsidiary company "Naftogaz of Ukraine" and Deutsche Bank was signed.

March 26, 2013

Roiss: “A European Concept and Joint Investments Are Needed“

In an interview with the Austrian newpaper Kurier, CEO of OMV explains why Europe needs other sources of energy and why there is a growing competitive disadvantage compared with the USA.

March 25, 2013

Russia Enhances Oil Supply to China

Experts describe the dealings as a community of purpose rather than a sign of improved relations.

March 23, 2013

Cyprus: No Hope in Sight Yet

It is still uncertain if an agreement with Russia about the sale of gas fields can be found. President of the EU commission has joined the talks in Moscow.

March 20, 2013

Cyprus Appeals for Help to Russia

In a vote on Tuesday the government has decided not to use the private money of Cyprus‘ citizens to help bail out the banks. After the rejection, the EU aid package is now off. Cyprus hopes rest on Russia at this point.

March 20, 2013

Russia: Gazprom Runs the Risk of Losing Market Shares

According to the newspaper “RBC Daily”, Gazprom stands to lose a further market share for gas supply as German energy enterprises are prompting the government to start producing shale gas.

March 19, 2013

EVN to Start Arbitration Procedure

Today, Austrian power supply company EVN informed the state of Bulgaria about opening arbitration proceedings.

March 19, 2013

Austria: EVN To Sell Devoll Hydropower To Statkraft A. S.

Agreement regarding the sale of EVN AG's stake in Devoll Hydropower ShA, a project entity for the construction of a hydro power plant in Albania, to Statkraft A.S.

March 14, 2013

Slovakia: CPI Remains Constant

In February, compared with January, consumer prices did not change in total. Increase in prices only in Education, Food and Health Industry.

March 14, 2013

Russia: Battle Between Rosneft And Gasprom Starts

The fight between Russia’s two biggest energy providers Rosneft and Gasprom has started. Rosneft tries to snatch away large deposits of raw oil and reports Gasprom to the government.

March 12, 2013

Bulgaria: Caretaker Government Announced

Three weeks after the stepping down of Bulgaria’s right-of-center government, President Rosen Plevneliev put together an interim government.

March 12, 2013

Bulgaria: Latest Protests Against Privatizing of Railway

Protesters in three cities gathered to demonstrate against the privatization of the freight division of the Bulgarian state railroads (BDZ).

March 12, 2013

Czech Republic: Slight Increase of Consumer Price Index

Consumer prices in February increased by 0.1% compared with January. This rise came primarily from price increases in 'transport' and 'recreation and culture'. The year-on-year growth of consumer prices decelerated to 1.7% in February (1.9% in January).

March 11, 2013

Russia: Rosneft Takes over TNK-BP

The EU Commission has approved of the fusion of TNK-BP and Rosneft. According to the commission, Rosneft will still have business competition.

March 11, 2013

Bulgaria: EVN Under Surveillance

While the Austrian power supplier EVN is currently kept under surveillance of the Bulgarian judiciary and government, protests by the citizens all over the country continue.

March 11, 2013

Lithuania: Exports Decreased by 7.6 % in January

Foreign trade in January 2013 decreased. Major losses in Agricultural sector.

March 8, 2013

Austria: Increase Of Foreign Trade

Even with the economy crisis, the percentage of foreign business expands.

March 8, 2013

Bulgaria: Electricity Rate to be Reduced by 7 %

Experts still fear that the reduction in electricity prices will not help stopping protests.

March 6, 2013

Verbund: Group Result Increased, Higher Dividend

EBITDA: +15.4% to €1.2bn | Group result: +9.4% to €389m | Recommended dividend: +9% | €0.60 per share.

March 6, 2013

Verbund AG: New appointments to the Executive Board

Peter Kollmann becomes new CFO of the Austrian energy supplier. CEO Wolfgang Anzengruber was confirmed.

March 5, 2013

Austria: Rise in Profits to be Expected for Verbund

Specialists predict a plus in profits while revenues receded by approx. 17 %.

March 5, 2013

Bulgaria: Protests About to Escalate

The political frustration of Bulgaria’s population comes to new high as the promised reduction of energy prices stays out.

March 5, 2013

Bulgaria: Eagles Briges Civic Association To Be Found in Sofia

Protesters are gathering in the Arena Armeets Hall to differentiate their pleas.

March 4, 2013

Bulgaria: Stop of Constructing Nuclear Power Plant in Belene

Together with Russia, Bulgaria stopped the controversial construction of a nuclear power plant in Belene close to the Danube.

March 1, 2013

EVN Suffers from Business in Bulgaria

In the first quarter of its business year 2012/13, the Austrian energy group recorded a decrease in net income. Outlook 2012/13: results from operating activities and Group net profit are expected to be below the prior-year level

February 28, 2013

CEZ: Czech Republic Calls Brussels for Help

After the Czech energy group CEZ has lost its license in Bulgaria, the Czech government wants Brussels to put pressure on Sofia.

February 25, 2013

Bulgaria: Protests Continue in Sofia and Varna

Bulgarian political decisions are afflicted by extreme unpopularity as almost 60 % of the population suffers from immediate poverty. Riots continue in Sofia and Varna.

February 24, 2013

OMV and Repsol Searching for Oil in Romania.

Petrom, the Romanian subsidiary of OMV and the Spanish Repsol Group have agreed on a joint venture in Romania. Investments estimated at approximately EUR 50 mn in the next two years.

February 23, 2013

Poland: Nuclear Power Plant Project Wobbles

Poland´s Treasury Minister Mikolaj Budzanowski explained that Poland cannot afford the nuclear power plant.

February 23, 2013

Bulgaria Cuts Energy Prices

After heavy citizens´ protests, the Bulgarian government has lowered the energy prices by 8%. Moreover, the Czech energy group CEZ loses its license.

February 19, 2013

Turkey Plans to Build First Nuclear Power Plant

In order to become energy autonomous, the country wants to put a nuclear power plant into operation in six years.

February 16, 2013

Schwarzenegger Calls for a “Sexy, Hip” Approach at the Vienna R20 Conference

Arnold Schwarzenegger called for an end to “doom and gloom” environmentalism and more of a “sexy, hip” approach at the Vienna R20 Conference.

February 1, 2013

OMV Sells Its Marketing Subsidiary in Croatia

With this transaction OMV Refining and Marketing has completed the next step in implementing the defined divestment program.

February 1, 2013

Nabucco Pipeline Is Taking Shape Slowly

The natural gas pipeline commences Front End Engineering and Design services for Nabucco West project.

January 28, 2013

Bayerngas Leaves Nabucco

The German natural gas company does not want to join the pipeline project.

January 28, 2013