CZECH REPUBLIC & SLOVAKIA

Czech retail fuel prices drop; top-selling Natural 95 down to CZK 31.39/liter

HUNGARY

U.K. hydrocarbon exploration co. Ascent reports stable production at new Hungarian gas well

Hungarian retail diesel prices to fall HUF 2 per liter this week, gasoline unchanged

POLAND

Polish top fuel firms PKN Orlen and Grupa Lotos interested in oil exploration and purchase in Iraq

Iraq ready to supply crude to Poland, invites Polish firms to compete for access to oil fields

Russia may re-visit Yamal-Europe-2 gas pipeline construction issue after Nord Stream completion

PRESS: Cyprus-based Mercuria Energy Group demands USD 700 mln compensation from Poland

GAS

HUNGARY

PRESS: Romanian gas pipeline operator Transgaz ups profit 3.5% y/y in H1 2008

POLAND

Negotiations on details of LNG terminal investment transfer to Gaz-System likely next week

Transfer of LNG terminal investment to gas pipeline operator Gaz-System positively viewed

Polish Cabinet wants rapid construction of LNG terminal as a strategic investment

PRESS: Gov’t could support Polish gas monopolist PGNiG in Russian supply negotiations

COAL

CZECH REPUBLIC & SLOVAKIA

NWR-controlled Czech coal miner’s EBITDA up nearly 20% to CZK 9 bln in 2007

HEAT, POWER & SEWAGE

HUNGARY

Hungary to partially privatize power grid operator Mavir

PRESS: Romanian state-owned energy companies note EUR 500 mln net profit in H1 2008

PRESS: Romania’s Nuclearelectrica ups profit 21.7% y/y in H1 on new reactor

POLAND

PRESS: Nuclear power plant will not solve Poland’s energy problems – Economy Minister

Warsaw’s electric power supplies have been restored

Five districts in southern Warsaw see power cut off

Major breakdown means power outage for Polish capital Warsaw’s southern district Mokotow

Polish power group PGE to begin construction of Opole power plant new energy units 2009/2010

Sweden’s Vattenfall considering to build 800-1,600 MW power plant in northern Poland

PRESS: Poland proposes EC to offer power plants 80% of free rights to CO2 emissions in 2013

EMERGING MARKETS NEWS HIGHLIGHTS

Russian oil, gas revenue hits peak in 2008 – Kudrin (Part 2)

CALENDAR

CZECH REPUBLIC & SLOVAKIA

Czech Republic – calendar of upcoming events, 25-28/08-01/09/2008

Nb: This news report features only the headline of each news.