Kazakhstan will freeze further development of its most promising gas field, Karachaganak, if it fails to resolve its dispute with foreign shareholders in the project, the Kazakh oil and gas minister said on Wednesday.

• Date: 19.05.2011  |  Published on EGF: 19.05.2011  |  Energy  |  from ctv.ca

Abundance of Natural Gas, Favorable Gas Pricing Help Drive Demand for Gas Turbines --Power Producers Seeking Flexible, Efficient Methods to Meet Electricity Demand --GE Gas Turbines Surpass 300 Million Hours of Operation GE (NYSE: GE) today announced it will supply two advanced technology aeroderivative gas turbines that will help to power the 2014 Winter Olympic Games in Sochi, Russia. The latest in a series of gas turbine orders received by GE in recent months, the project underscores a strong global demand for flexible, cost-effective and efficient electricity generation.

• Date: 18.05.2011  |  Published on EGF: 18.05.2011  |  Energy  |  from cnbc.com

Finance Minister Alexei Kudrin said Tuesday that Belarus appeared to have accepted the terms of a $3 billion loan offered by a Russia-led group of former Soviet republics to save the teetering Belarussian economy from a disastrous collapse.

• Date: 18.05.2011  |  Published on EGF: 18.05.2011  |  Markets  |  from themoscowtimes.com

Once again as it has before in its troubled history, the Nabucco pipeline consortium has announced a postponement of construction until 2013, citing a lack of supply contracts, Robert M. Cutler of the Asia Times reports. Gas would not start pumping until 2017

• Date: 18.05.2011  |  Published on EGF: 18.05.2011  |  Energy  |  from eurasianet.org

Eurozone financial ministers are to continue their talks in Brussels, with discussions now expected to focus on the dire state of the Greek economy.

• Date: 17.05.2011  |  Published on EGF: 17.05.2011  |  External Relations  |  from bbc.co.uk

In the wake of the French government's decision to ban hydro-fracking, Poland has warned the European Commission (EC) against imposing restrictions on unconventional gas extraction technologies, but given the lack of control the EC has over such issues, the warnings are somewhat redundant.

• Date: 17.05.2011  |  Published on EGF: 17.05.2011  |  Energy  |  from ihs.com

Following the welcoming ceremony, face-to-face meeting took place between Ilham Aliyev, President of the Republic of Azerbaijan and Vaclav Klaus, President of the Czech Republic, Azerbaijani President’s official website reported.

• Date: 17.05.2011  |  Published on EGF: 17.05.2011  |  External Relations  |  from trend.az

A solution to a shareholder dispute over the development of Kazakhstan's most prospective gas field could take anything from six months to 10 years, the head of Russian shareholder LUKOIL (LKOH.MM) said on Tuesday.

• Date: 17.05.2011  |  Published on EGF: 17.05.2011  |  Energy  |  from reuters.com