Latest news
First shipment of gas from Yamal LNG project arrives in China
The first shipment of liquefied natural gas (LNG) from the Yamal LNG project in the Arctic arrived in Jiangsu Province in eastern China on Thursday, reports thepaper.cn.
read more... 20/07/2018
Daily (19.07.2018): UK gas prices boosted by around 2% on Wednesday, due to strong demand and lower supplies
Oil prices surged on Wednesday, as U.S. government data pointed out stronger demand for gasoline and distillates. Brent crude climbed 1% higher to end at $72.90 a barrel. Meanwhile, WTI crude also hiked by 1% to $68.76 a barrel, even though U.S. oil production hit a new record of 11 million barrels per day.
read more... 19/07/2018
EU and Ukraine in tug of war over Naftogaz unbundling
The European Commission has repeated its insistence on breaking up the Ukrainian national gas and oil monopoly Naftogaz, separating transmission from production and supply, which the country had agreed to as a condition for receiving massive Western financing. Vice President Maroš Šefčovič, in charge of the EU’s Energy Union, is in talks in Berlin with Russian and Ukrainian counterparts to try to solve disputes over future Russian gas shipments via Ukraine.
read more... 19/07/2018
Cuadrilla completes drilling of second horizontal shale gas well in UK
This second horizontal well, drilled through the Upper Bowland shale at an approximate depth of 2,100m below the surface, extends laterally for some 750 metres through the shale gas reservoir.
read more... 18/07/2018
Daily (16.07.2018): NBP spot gas price rose by 2.6% on Friday, due to an undersupplied system
Oil prices hiked on Friday, due to the stoppage in Norway and Iraq, while a decline in supplies from Venezuela influenced the global output. Brent crude soared by 1.2% to $75.33 a barrel. Meanwhile, WTI crude settled 1% higher at $71.01, despite U.S. Secretary of State Mike Pompeo’s statement that Washington would consider granting waivers to Iran's crude buyers.
read more... 16/07/2018