Friday, April 25, 2014

Drew EGC Report

News - Press Notes

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Today's Zaman: Turkish fuel retailer starts talks to buy Israeli gas

Turkish fuel retailer Turcas said on Tuesday its gas unit has begun non-binding talks with another company to jointly procure natural gas from the Leviathan field in the eastern Mediterranean for Turkish markets. Turcas is in talks with İstanbul-based Enerjisa, which is owned by Turkey's Sabancı Holding...

CNN: Cypriot president: Underwater gas fields can help unite island

It may be early days in the quest for energy underneath the crystal blue waters of the Mediterranean -- but the eventual bounty may be sizable for Cyprus. The Eastern Mediterranean is considered a new energy frontier with a 2010 report from the U.S. Geological Survey estimating there to be 122 trillion...

Forbes: Can Shale Save Europe?

Regardless of how Russia’s foray into Ukraine finally works out, these last few weeks have offered a stark reminder of Europe’s desperate need to diversify its energy options. Although Russia has stopped short of halting gas deliveries to Ukraine or the rest of Europe, the threat remains...

Reuters: Polish refiner PKN eyes upstream deals to boost profit

Operating profit at Poland's No.1 refiner PKN Orlen fell by a fourth in the first quarter on lower refining margins, although that beat expectations thanks to higher sales at its retail and petrochemical units. The state-controlled group on Thursday reported operating profit at 254 million zlotys ($84...

UPI: Serbia's gas operators under EU pressure

Serbian gas pipeline operators may be in violation of European laws regarding who controls what part of the energy sector, a European regulator said Wednesday. The European Energy Secretariat said it was seeking a decision on whether or not Serbia was breaking energy laws in the European Union. "The...

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