Energy Sector

Ukraine government at odds over new talks in gas dispute

Moscow/Kiev  - Ukraine's government is divided by internal differences over entering new talks with Russia to end the gas delivery impasse, news reports said Thursday.

Prime Minister Yulia Tymoshenko was quoted as saying by the Interfax news agency that a new round of talks on resuming gas transit to the European Union was scheduled for Saturday in Moscow.

However, President Viktor Yushchenko on Wednesday evening rejected the Kremlin's invitation a crisis summit with all gas-importing countries on Saturday as not suitable.

Irreparable harm and injury’ being faced by RIL

Irreparable harm and injury’ being faced by RIL It was recently informed by Reliance Industries (RIL) that it is facing "irreparable harm and injury." The blame for it is being put on a resource crunch caused by investments into the Krishna-Godavari basin.

The company said that if Anil Ambani group wins the case then RIL is ready to re-route gas to Anil Ambani group.

Qatar to increase LNG supply to India

Qatar to increase LNG supply to IndiaIndia would get additional quantity of liquefied natural gas (LNG) from Qatar in the first six months of 2009. The country is likely to get six cargoes from February this year.

The Oil minister of Qatar, Abdullah bin Hamad al-Attiyah said that his country would supply 7.5 million metric tons of gas per year instead of 5mn tons a year, it is currently offering.

Ukraine makes Russia hard offer on Europe shipment volumes

Ukraine makes Russia hard offer on Europe shipment volumesKiev  - Ukraine's natural gas monopoly Naftogaz Ukrainy on Wednesday made Russia a detailed offer on Europe energy shipments, suggesting an immediate return to pre-crisis volumes.

Russia would, according to the terms of the proposal, send into Ukraine's national pipeline network 318 million cubic metres of gas daily, with 296 million cubic metres reaching European customers.

The difference, some 22 million cubic metres, would be used by Ukraine's pipeline system to maintain pressure.

New renewable energy agency to be launched in Germany

New renewable energy agency to be launched in Germany Berlin  - The German city of Bonn is vying to host a new global energy organisation, the International Renewable Energy Agency (IRENA), the government announced Wednesday.

IRENA, whose purpose is to promote renewable energy, will advise industrialised and developing nations on ways of reducing their dependency on oil, coal and gas.

The organization will come into existence January 26 at a conference in Bonn. Around 80 countries have announced their intention to join, half of whom plan to attend the signing of the founding articles in the former German capital.

India, Syria sign MoU to provide framework for cooperation in oil and gas sector

India, Syria FlagNew Delhi, Jan. 14 : India and Syria on Wednesday signed a Memorandum of Understanding (MoU) that will establish an institutional framework for bilateral cooperation in the oil and natural gas sectors.

Petroleum and Natural Gas Minister Murli Deora and his Syrian counterpart Sufian Al Alao signed the MoU.

The two countries are keen to expand cooperation in several areas, particularly in projects relating to Enhanced Oil Recovery/Improved Oil Recovery in the oil fields of Syria, and Information Technology.

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