Latest news
Gazprom become the fourth largest gas supplier in UK
Gazprom Energy has achieved a 10% share of the UK business gas market becoming the fourth largest gas provider to businesses.
read more... 18/03/2013
Italy’s Eni strikes a major deal with China’s CNPC
Eni, the Italian energy giant, unveiled that it has sold a 20% stake in natural gas project off the coast of Mozambique, its largest discovery up till now, to China National Petroleum Corp (CNPC).
read more... 15/03/2013
Cuadrilla delays plans of fracking to 2014
UK shale gas explorer Cuadrilla Resources has announced on Wednesday it was delaying its plans to begin hydraulic fracturing at its Bowland shale project in Lancashire, one of its three drilling sites, to 2014, while it accomplish an environmental impact assessment for the site of each exploration well.
read more... 14/03/2013
Spain’s shale gas reserves
Spain is the fifth largest energy consumer in Europe and has practically no domestic production of liquid fuels or natural gas. It has made significant progress in diversifying into renewable energy but, this only accounts for about 9% of its gross inland consumption. A quarter of consumption is fuelled by natural gas and half by petroleum, both of which Spain has to import.
read more... 12/03/2013
UK’s Centrica to strike the first LNG deal with U.S.
Centrica, UK’s biggest household energy supplier envisages signing a long-term LNG import deal with U.S. companies, as UK is facing difficulties finding new natural gas supply sources to meet its increasing import demand as global price variations and new gas discoveries are favoring carrying the gas to Asia instead of Europe.
read more... 11/03/2013