Latest news
Daily: Brent crude posts the largest one-day decline in seven weeks as Iraq supply worries ease
Brent crude posted its sharpest one-day decline in seven weeks on Monday as worries about disruptions to Iraqi crude supplies begun to ease given that exports have so far been unaffected by a Sunni Islamist rebellion. Iraq carries 90 percent of its crude exports from southern terminals, which are far away from the Sunni insurgency.
read more... 24/06/2014
Plan for two LNG terminals in Finland and Estonia rejected by EU Commission
Finland and Estonia will have to go back to the drawing board with a mutual gas terminal project after the European Commission made known that a designed two-terminal model would not be qualified for subsidies, as stated by the Finnish government.
read more... 19/06/2014
LNG deal between Estonia and Finland
A transaction between Estonia and Finland has been signed on Friday aiming the construction of two liquefied natural gas (LNG) terminals on each side of the Gulf of Finland and a pipeline linking the two countries, as stated by Juhan Parts, the Estonian Economy Minister.
read more... 03/03/2014
Italian consortium to build a LNG terminal in the port of Monfalcone
A consortium of Italian companies is eyeing developing a liquefied natural gas (LNG) terminal in northeastern Italy, move which will help to decrease their energy costs.
read more... 11/02/2014
China to have its first floating terminal for LNG imports
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