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Lithuania, Estonia trimmed gas imports from Russia
Lithuania reduced its imports from Russia by 63.2% in the first quarter of 2016 compared with a year earlier to 255 million cubic meters (mcm), as all major Lithuanian gas importers this year started to purchase gas from Norway's Statoil.
read more... 23/05/2016
Russian gas giant Gazprom to boost its output by 8% in 2016
Russia’s gas giant Gazprom will boost its output this year by 8.1% to 452.45 billion cubic meters, said Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee.
read more... 20/05/2016
Daily: British gas prices continue to decline on higher supplies, weaker oil
Crude oil prices ended flat on Thursday as concerns about Canadian and Nigerian supply outages curbed the impact of a firmer dollar, which has increased on expectations that the Federal Reserve will raise interest rates next month. Brent's front-month contract, for July delivery, eased 12 cents to settle at $48.81 a barrel. It had declined $1.55, or more than 3 percent, to $47.38 a barrel during the session. WTI's June contract fell 3 cents to end at $48.16 a barrel, expiring as the front-month. It slipped to $46.73 earlier.
read more... 20/05/2016
Gazprom to review the development of Nord Stream 2 project
The Gazprom Management Committee said it will review the development of the second phase of Nord Stream natural gas pipeline running through the Baltic Sea to Germany.
read more... 19/05/2016
Norway awards new offshore drilling licenses in Barents Sea for the first time in 2 decades
Norway’s government awarded on Wednesday 10 new licenses for offshore oil and gas exploration in the Barents Sea, including three in previously untapped waters near the Russian border.
read more... 19/05/2016