Latest news
Centrica warns of further energy price rises
Centrica, the owner of British Gas and the largest supplier of gas to domestic customers in the UK announced that British customers could face an increase in their energy bills due to a rise of more than 20% in wholesale power prices.
read more... 29/06/2011
Bulgaria gives up on connecting to Nabucco
According to the declaration of the Bulgarian Economy Minister, Traicho Traikov, the country has dropped its plans to link the future gas interconnection with Turkey to the Nabucco pipeline.
read more... 28/06/2011
Shell and CNPC to create a joint venture for gas drilling
Royal Dutch Shell signed on Monday a Global Alliance Agreement with China National Petroleum Corporation (CNPC), the parent of PetroChina, aiming to establish mutual cooperation opportunities in China and abroad.
read more... 22/06/2011
Gazprom boosts gas export outlook to Europe on higher export volumes
The Russian energy giant, Gazprom has further raised its forecast on 2011 revenues from gas exports to Europe, according to which its expected profit from gas exports will represent $60 billion compared with almost $44 billion in 2010, taking into consideration the higher export volumes, the jump of prices and recovered demand, the Gazprom Deputy CEO Alexander Medvedev said on Monday.
read more... 22/06/2011
Lithuania and a U.S. Company to strengthen shale gas cooperation
The Ministry of Energy announced on June, 14 in a press release that it led negotiations with an US company concerning the extraction of natural gas from its shale rock layers and starting production of shale gas in Lithuania. But the official refused to reveal the name of the US company, due to a confidentiality request by the US company representatives.
read more... 21/06/2011