Total and Sonatrach have signed an agreement to renew their partnership in the field of LNG. This agreement notably allows to extend the existing supply contracts for three additional years in order to provide 2 million tpy of Algerian LNG to the French market, primarily through an LNG terminal at Fos Cavaou. The agreement also includes the sub-charter of an LNG tanker of Total by Sonatrach.
read more... 26/06/2020
Minister of Economy Virgil Popescu on Thursday told the Government meeting that measures were taken to allow the liberalization of the natural gas market starting with July 1, while mentioning that a drop in the prices by 10-15 per cent is to be expected as a result.
read more... 26/06/2020
The projects could provide enough clean energy to power more than 9,000 homes
read more... 26/06/2020
Belgium power and gas supplier Lampiris will be buying the electricity produced by the 309-MW Rentel offshore complex in the Belgian North Sea.
read more... 25/06/2020
Crude oil futures fell sharply on Wednesday as new coronavirus cases in Germany and across several U.S. states is threatening oil recovery. Moreover, the record increase in U.S. crude inventories added further pressure on oil markets. Hence, Brent crude dived by $2.32, or 5.4%, to settle at $40.31 a barrel. At the same time, U.S. WTI crude ended at $38.01 a barrel, sinking by $2.36, or 5.8%.
read more... 25/06/2020