China National Offshore Oil Corp (CNOOC) has announced it has obtained the permit to build its first floating terminal for liquefied natural gas in the northern port city of Tianjin. China, being the world biggest energy consumer, intends to increase the share of natural gas in its energy mix to 8% in the next two years, from the current 5 % in a move which aims to cut emissions from coal-fired power stations and reduce the reliance on oil imports.
read more... 22/08/2013
The Norwegian energy company Statkraft has decided to close two gas-fired power plants with a total capacity of 1,200 MW in Germany, just six years after they were commissioned, citing unprofitability reasons.
read more... 19/08/2013
Ukraine intends to develop several gas routes from Hungary, Poland, Slovakia and Romania and to increase imports from EU countries as it want to reduce imports of expensive gas from Russia. Ukraine has pointed out that a cut in Russian natural gas acquires will be deeper next year than expected, amounting to 24.5 billion cubic meters (bcm).
read more... 19/08/2013
E.ON has reported in a news release that its discovery in the UK North Sea could be larger than expected, being one of the major gas discoveries made in this part of North Sea in the last years. The Tolmount gas well is situated near existing gas infrastructure in the UK North Sea and was discovered in the second half of 2011.
read more... 14/08/2013
Recent projections made by the government foresee that natural gas demand is estimated to amount to 78.8 billion cubic meters by 2030, with the country’s reliance on imported gas is set to reach 70-75% by that period.
read more... 13/08/2013