Latest news
UK exports gas cheaper than it pays for imports
According to the Guardian newspaper, the UK is exporting gas at a lower price than it is importing the fuel. In the period between December 2011 and October 2012, gas was being exported to continental Europe when it would have carried a higher price in the UK, at the same time as the UK exported 15 times more gas through the gas interconnector running between the UK and Belgium than it imported.
read more... 08/02/2013
Eni had made important oil discovery in Egypt
Italian energy company Eni has announced on Wednesday that it had made a new oil discovery, at the NFW well “Rosa North 1X‘, located in the Meleiha Concession, in the Western Desert of Egypt, as Eni plans to consolidate exploration activities in the country.
read more... 07/02/2013
Daily: UK prompt gas slightly increases on colder weather forecast, lower Norwegian imports
Brent crude oil futures climbed, while U.S. crude traded lower on Thursday in heavy spread trading that boosted Brent’s premium to its U.S. counterpart. Brent March crude gained 65 cents, or 0.57 percent, to settle at $115.55 a barrel, having traded from $114.28 to $115.76. Meanwhile, U.S. March crude slipped 45 cents, or 0.46 percent, to settle at $97.49 a barrel, having traded from $96.84 to $98.04.
read more... 01/02/2013
Gazprom requires 7 billion dollars for imports of gas to Ukraine
National Naftogaz of Ukraine received from Gazprom a 7 billion dollars bill. In January 2009, the two companies have signed an agreement according to which Ukraine had to buy from Moscow at least 41 billion cubic meter of gas a year, and if consumes less, it is obliged to pay a penalty. In fact the country imported last year less gas than stipulated in the contract, about 33 billion cubic meters.
read more... 28/01/2013
China is devouring 33% of world’s solar panels
China is emerging now as a significant market for solar panels, not only as the largest solar panel supplier in the world, but also as an important consumer of these products. As of Q4 2012, China has been purchasing a third of the world’s solar panels, according to a new research released by NPD Solarbuzz.
read more... 24/01/2013