Gas cartel gains traction with alliance set to meet: producers to weigh OPEC-like group; big hurdles remain

Article Abstract:

Members of the Gas Exporting Countries Forum are discussing the creation of an entity similar to the Organization of the Petroleum Exporting Countries for gas market management. Its potential impact is discussed, particularly with regard to the rising importance of gas as a worldwide energy source.

Europe, Management dynamics, Alliances, partnerships, Management, International aspects, Company business management, Alliances and partnerships

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Austria's OMV plans to acquire utility Verbund

Article Abstract:

OMV AG of Austria is to purchase Osterreichische Elekrizitatswirtschafts AG also of Austria. The acquisition is valued at 13 billion Euros ($16.58 billion). The Austrian government will offer its 51 percent stake in return for a minority holding.

Austria, Acquisitions & mergers, Mergers, acquisitions and divestments, Company acquisition/merger, OMV AG, Company overview, Osterreichische Elekrizitatswirtschafts AG

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Enel uses every tool to tap Russia: strategy is to cut in Gazprom, hit right political chords, control gas supply

Article Abstract:

Italian electric utility ENEL S.p.A. is investing up to $6 bil in Russia to gain a presence in the nation's gas industry. Expansion options in home markets are limited for European firms like ENEL, as market share is capped by regulations.

Foreign operations, Financial management, Market share, Italy, Company investment, Investments, Russia, OAO Gazprom, Company market share, ENEL S.p.A.

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