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
Russia to quit South Stream pipeline amid intensifying tensions with the West
Russia dropped the Gazprom’s South Stream pipeline project on December 1, blaming the European opposition to the South Stream plan and instead appointed Turkey as its favourite partner for an alternative project.
read more... 02/12/2014