Latest news
Russia and EU ready to discuss on ending antitrust probe
Last year, the European Commission formally opened an antitrust probe on concerns that Gazprom might be obstructing competition in Central and Eastern European gas markets and might have manipulated gas flows to its advantage, prevented diversification of supply, and by linking gas prices to oil prices.
read more... 09/12/2013
Shale gas production in China reached 143 million cubic meters
The National Energy Administration has announced that China's shale gas production has reached 143 million cubic meters. The country's largest refiner Sinopec Co has drilled nearly 30 pilot shale gas wells in the Fuling area of Chongqing municipality in southwest China, part of the Sichuan basin, one of the most promising geological zones for the unconventional fuel. Six of the wells are pumping about 1.06 million cubic meters of gas, or an average of nearly 180,000 cubic meters per well.
read more... 06/12/2013
Israel could supply Italy with gas
On Monday, the National Infrastructure, Energy and Water Minister Silvan Shalom and the Italian Economic Development Minister Flavio Zanonato, during a meeting in Rome, have presented the idea of exporting some of Israel’s natural gas to Italy, as Israel still has to decide where to export the amounts allocated for exports of natural gas. Both the Ministers agreed that Israeli natural gas exports to Italy are a common interest of both countries.
read more... 04/12/2013
Serbia: construction works started on Serbian section of South Stream
Construction works began last week on the Serbian leg of Gazprom's South Stream gas pipeline. The segment under construction will have the capacity to carry 40.5 billion cubic meters per year and it will have about 4500 kilometers across Serbia, having a total cost of about 2 billion euros.
read more... 02/12/2013
Spain: The parliament passes the law that could legalize fracking
Spain is one of Europe’s most energy-poor nations, importing about 99 percent of its oil and gas requirements. According to some estimates, Spain has large reserves of shale gas, and if technically recoverable, these reserves could revitalize the Spanish economy at a time of huge economic insecurity.
read more... 29/11/2013