Latest news
RWE: oil and gas division likely to be sold to group managed by Russia’s Fridman
RWE, the indebted German utility, intends to sell its oil and gas output division DEA to a group of investors managed by Mikhail Fridman, the Russian magnate. The arm is estimated at almost 5.1 billion euros (or $7.10 billion), counting the debt.
read more... 17/03/2014
Latvia: gas unbundling rescheduled until April 2017
On Thursday, Latvia’s plan to separate Latvijas Gaze business has been delayed by the parliament until April 2017, after the gas utility, owned in proportion of about one third by Russia’s Gazprom, threatened to file a suit.
read more... 14/03/2014
EU politicians eliminate shale gas from tougher environmental rules
Tougher rules have been voted on Wednesday by EU parliament on describing the impact of oil and conventional gas exploration on the environment, without including shale gas.
read more... 13/03/2014
Daily: British natural gas prices drop on weak demand, warmer temperatures
European benchmark Brent prices posted a modest decline on Wednesday dragged down by geopolitical risk in Libya and signs that the European Union might impose more stringent sanctions on Russia.
read more... 13/03/2014
Germany’s reliance on Russian gas puts Europe at risk
The German Chancellor, Angela Merkel, should try to reduce German and European reliance on Russian gas in order to avoid possible aggressive steps made by Russia in the near future, as stated by Donald Tusk, Poland’s prime minister.
read more... 11/03/2014