The conglomerate constructing Poland's first liquefied natural gas (LNG) terminal is in negotiations to raise the sum it is being paid, without any risk of delay in the achievement of the project, as stated by one of the contractors on Friday.
read more... 28/07/2014
The Obama administration gave the green light o Friday to the Eastern Seaboard to be reopened to offshore oil and gas exploration, a milestone decision in decades.
read more... 23/07/2014
The cost of planned South Stream gas pipeline section in Serbia has soared as much as 24 percent since November 2013, hitting a total amount of EUR 2.1 billion compared with the cost of EUR 1.7 billion estimated by the Russian energy minister Alexander Novak in November 2011.
read more... 22/07/2014
Crude oil prices rallied on Monday as the West increased pressure on Russia over its involvement in the downing of Malaysia passenger jet last week. Brent crude for September delivery increased by 44 cents to settle at $107.68 a barrel. Prompt U.S. oil for August delivery boosted by $1.46 to close at $104.59 a barrel, as traders rushed to cover positions ahead of Tuesday's expiration. WTI price for September delivery soared 91 cents to settle at $102.86 a barrel.
read more... 22/07/2014
French energy giant EDF entered into 20-year liquefied natural gas (LNG) sale and purchase deal with Cheniere Energy, Inc. in Texas.
read more... 21/07/2014