Energy Sector

Ukraine okays international gas observers

Moscow/Kiev  - Ukraine joined Russia to approve a European Union initiative for international observers to monitor Russian gas deliveries via Ukraine, raising hopes of a possible end to a Kremlin embargo on energy supplies to Europe.

Ukrainian Prime Minister Yulia Tymoshenko signed the deal early Sunday, Interfax news agency reported.

Czech Prime Minister Mirek Topolanek, whose country currently holds the EU presidency, arrived in Ukraine on Saturday evening in an attempt to get Kiev to sign a deal aimed at ending Russia's natural gas embargo to Europe.

Slovakian government defies EU to reopen nuclear plant

Slovakian government defies EU to reopen nuclear plantBratislava  - The Slovakian government decided in an extraordinary session Saturday night to reopen its Jaslovske Bohunice nuclear power plant closed at the beginning of the year as a result of the Russian-Ukrainian gas dispute.

"I am aware that we are violating our accession agreement with the European Union with this decision, and I accept the full political responsibility for it," Prime Minister Robert Fico said during a press conference broadcast on TV news channel TA3.

Futures trading in 'Electricity' launched in India

Futures trading in 'Electricity' launched in IndiaIndia's leading commodity futures exchange, MCX (Multi Commodity Exchange of India Ltd.) has started futures trading in electricity in the country. FMC has already approved trading in electricity and MCX has started the weekly and monthly electricity contracts with immediate effect. Future trading in electricity is already offered by UK, Australia, US, France Sweden, Norway, Finland, Denmark and Germany's stock exchanges.

Russia approves international gas observer mission

Russia approves international gas observer missionMoscow/Kiev - Russia on Saturday approved a European Union initiative for international observers to monitor Russian gas deliveries via Ukraine, raising hopes of a possible end to a Kremlin embargo on energy supplies to Europe.

But the mandate - a key demand by Moscow to lift its embargo of gas supplies - must still be approved by the Ukraine.

Czech Prime Minister Mirek Topolanek, whose country currently holds the EU presidency, signed the agreement with Russian Prime Minister Vladimir Putin on Saturday afternoon.

Slovakian government defies EU to reopen nuclear plant

Slovakian government defies EU to reopen nuclear plant Bratislava  - The Slovakian government decided in an extraordinary session Saturday night to reopen its Jaslovske Bohunice nuclear power plant closed at the beginning of the year as a result of the Russian-Ukrainian gas dispute.

"I am aware that we are violating our accession agreement with the European Union with this decision, and I accept the full political responsibility for it," Prime Minister Robert Fico said during a press conference broadcast on TV news channel TA3.

Ukraine official: Talks on gas deal with Kremlin at dead end

Ukraine official: Talks on gas deal with Kremlin at dead end Kiev  - Talks between Ukraine and Russia on a deal for natural gas deliveries are at a dead end, a senior Ukrainian official said Saturday evening.

Negotiations between representatives from Kiev and the Kremlin on a contract for selling Russian gas to Ukraine and onward to European Union consumers are stalled and require intervention by national leaders to go forward, said Oleh Dubina, chairman of the Ukrainian natural gas monopoly Naftogaz Ukrainy.

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