Latest news
Statkraft: Another two gas-fired power plants to be closed in Germany
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 continues to reduce gas imports from Russia
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 gas discovery in the North Sea bigger than expected
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
UK needs shale gas more than ever
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
Oil giant BP could face 29 million dollars fine
The Federal Energy Regulatory Commission proposed to fine oil giant BP Plc with fines of about 29 million dollars and has ordered to BP to respond to accusations of natural gas market at the Houston Ship Channel manipulation, from mid-September to November in 2008, in a way designed to increase the value of the company’s financial position. The claims followed an investigation by officials from the regulator’s Office of Enforcement (OE). The allegations date back in 2011.
read more... 06/08/2013