Latest news
Gazprom earnings for 2012 down 10%
Russian energy giant Gazprom, the world’s biggest natural gas producer, reported a 10% drop in its earnings amid lower gas sales. Profits for 2012 amounted to 38.17 billion dollars, compared to 42.2 billion dollars in 2011.
read more... 30/04/2013
UK: Shale gas could improve energy security but could not reduce energy bills
The UK has decided along with other countries, to follow the example of the United States on what concerns the shale gas production. MPs has criticized the government for delaying development of shale gas instead of encouraging companies to come up with more precise estimates of recoverable reserves.
read more... 26/04/2013
Norway to delay gas tariff cuts amid major protests
Norway, which is Western Europe’s biggest gas exporter, has delayed its plans to cut tariffs on natural gas transported via the Gassled pipeline network, following protests coming from investors in the country’s pipeline system.
read more... 16/04/2013
Austrian OMV bought shares in Nabucco gas pipeline
Austrian OMV has acquired shares in the Nabucco West gas pipeline project from German RWE on 14 April. Both RWE and OMV have confirmed the deal but they didn’t provide any other information.
read more... 15/04/2013
Repsol marks the second significant gas discovery in Algeria
Spanish gas giant Repsol announced it performed a significant discovery in Algeria at the Sud-Est Illizi block, near the border with Libya, being the second discovery since last November.
read more... 12/04/2013