INTERFAX - Central Europe Energy news report of 08.08.2008

CZECH REPUBLIC & SLOVAKIA

Slovak refiner Slovnaft net drops 32% in H1 to SKK 2.87 bln

Czech retail fuel prices drop; top-selling Natural 95 down to CZK 32.03/liter

Czech petchem Unipetrol plans October ethylene unit shut down due to damaged turbine

HUNGARY

Austrian oil company OMV revokes proposal to merge with Hungarian peer MOL

Hungarian diesel fuel prices to fall HUF 4 per liter this week, gasoline unchanged

POLAND

U.S.-based FX Energy’s net profit drops 44.5% y/y to USD 1.5 mln in Q2 ’08 on 15% revenues rise

Polish top fuel firm PKN Orlen’s information on Norwegian oil profitability positive - analysts.

PRESS: Polish PKN Orlen’s failure to take control of Lithuanian oil terminal could cost MN jobs

PRESS: Polish top fuel firm PKN Orlen likely to decrease PLN 21 bln in planned investments

Polish No. 2 refiner Grupa Lotos seeks specialists for upstream business in Norway

Top Polish refiner PKN Orlen seen posting Q2 net of PLN 1.25- 1.50 bln, up from Q2 ’07 PLN 1.1bln

Polish refiner Grupa Lotos seen posting Q2 PLN 237-411 mln net, up from PLN 234 mln in Q2 ’07

Polish liquid fuels logistics operator OLPP to build product pipeline to Belarus for PLN 25 mln

U.S.-based FX Energy to estimate parameters of potential gas field in Poland within a week

Impact of production halt at top Polish fuel firm PKN Orlen’s Czech unit hard to estimate - analyst

Polish fuel firm PKN Orlen signs letter of intent with Ford Polska on cooperation in biofuel sales

Polish oil and gas sector firms seek business opportunities in Venezuela

GAS

POLAND

Polish gas distributor CP Energia unit signs gas sale deal to British American Tobacco Polska

U.S.-based energy FX Energy’s tests indicate gas accumulation in Polish well

Lithuanian PM denies dropping Nord Stream objections in exchange for longer power plant life

Polish gas monopolist PGNiG seen posting Q2 net of PLN 281-535 mln, from PLN 348 mln in Q2 ’07

Polish gas firm PNiG’s foreign-project revenues to have little effect on bottom line - analysts

PRESS: German gas firm Concord Power Nordal plans to build a gas pipeline to Poland

COAL

POLAND

Polish KW and German RWE to establish special purpose vehicle for EUR 1.5 bln power plant

PRESS: Polish coal mining companies should invest PLN 15 bln by 2015 in order to survive

HEAT, POWER & SEWAGE

POLAND

Polish copper producer KGHM plans of involvement in nuclear energy positive - analysts

ALTERNATIVE ENERGY

HUNGARY

Australian exploration firm WildHorse teams up with Hungarian peer to study Pecs uranium fields

POLAND

Polish renewable energy firm PEP posts Q2 net profit of PLN 5.3 mln

Danish firms EuroTrust and Agrowind sign deal to develop 400 MW wind farm projects in Poland

EMERGING MARKETS NEWS HIGHLIGHTS

RosUkrEnergo boosts gas exports to Eastern Europe by 24% in 2007

Belarus demands revision of gas deal with Gazprom – deputy PM

CALENDAR

CZECH REPUBLIC & SLOVAKIA

Czech Republic – calendar of upcoming events, 11-18/08/2008

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