Latest news
Ukraine to make prepayments for Russian gas by the end of the week
Ukraine it is ready to make an advance prepayment by December 7 for 1 billion cubic metric of Russian gas, said Ukrainian Energy Minister Yury Prodan.
read more... 04/12/2014
Centrica hit with an £11m fine for failing to meet energy efficiency obligations on time
British largest energy supplier, Centrica, has been hit with an £11.1million ($17.4 million) penalty for failing to meet energy efficiency obligations by a 2012 deadline, announced Britain's energy regulator Ofgem.
read more... 04/12/2014
Ukraine gets 150 million euro loan from EIB to modernize its gas pipelines
Ukraine received a 150 million euro ($187 million) loan to modernize its section of the natural gas pipeline used to deliver gas from Russia to Europe.
read more... 03/12/2014
Europe envisages a regional LNG hub to ensure its energy security
The European Union is eyeing construction of a regional LNG (liquefied natural gas) hub in the north of Europe to ensure its energy security.
read more... 03/12/2014
Daily: Oil prices resume their downward trend on inventories increase
Crude oil prices returned to their downward tendency on Tuesday after a gain in the previous session, while stockpiles increased as investors snapped up depressed energy shares. Brent and U.S. oil declined by more than 2 percent each after a deal that will bring more Iraqi crude to markets and will push the dollar. Brent crude oil dropped $2.00, or 2.8 percent, to close at $70.54 a barrel, while U.S. crude slipped $2.12, or 3.1 percent, to end at $66.88.
read more... 03/12/2014