Latest E.ON Stories
By Judy Dempsey After years of negotiations, E.ON Ruhrgas and Gazprom signed a major deal Thursday giving the German utility a stake in the vast Yuzhno-Russkoye natural gas field in Siberia. In return, E.ON Ruhrgas will reduce its minority stake in the Russian gas monopoly by nearly half.
German electricity and gas utility E.ON has announced that it will acquire a 25% stake minus one share in the Yuzhno Russkoye gas field in Siberia, Russia. In return, Gazprom will receive E.ON Ruhrgas's 49% stake in the Russian company, Gerosgaz, which holds under 3% of Gazprom shares.
Excerpt from report by Russian state news agency ITAR-TASS St Petersburg, 2 October: Russia's Gazprom and the German electricity and energy holding company E.ON have signed an agreement on a joint participation in a project to develop the South Russian oil and gas field [sometimes called Yuzhno Russkoye gas field].
Researched by Industrial Info Resources (Sugar Land, Texas) -- On September 22, E.ON Climate & Renewables (XETRA:EONGn.DE) (Dusseldorf, Germany) officially opened the first two phases if its windfarm in Roscoe, Texas.
Over the treeless West Texas landscape, wind turbines are busy producing electricity for distant city dwellers and new income for rural residents.
Gazprom has begun started operations on the inter-settlement gas pipeline connecting the Zekhnovo automated gas distribution station and the town of Ostashkov in the Tver Oblast of Russia.
Researched by Industrial Info Resources (Sugar Land, Texas) -- E.ON Italia Produzione S.p.A. (Milan, Italy), a subsidiary of E.ON AG (OTC:EONGY) (Dusseldorf, Germany), inaugurated the 800-megawatt combined-cycle Livorno Ferraris power station on September 12 in the Piedmont region of Italy.
Russian gas monopoly Gazprom and Venezuelan state-owned oil company PDVSA have signed a memorandum of understanding on the Blanquilla Oeste y Tortuga project for the exploration and production of natural gas on the shelf, its supply to the domestic market, as well as liquefaction and export of gas.
E.ON Climate & Renewables has opened the first two phases of its wind farm in Roscoe, Texas. The wind farm can now generate 335.5MW of electricity, enough to power over 100,000 homes.
French electricity giant EDF's long-drawn GBP12.4 billion acquisition bid for the UK-based nuclear power generator British Energy could be finally sealed, accelerating the British government's nuclear ambitions.
- A gift; a largess; a gratuity; a present; a dole.