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Finland and Estonia delay plan to build LNG plants
Projects to build a regional liquefied natural gas (LNG) import terminal in Finland will be deferred for an indefinite period, as stated by officials at the country's economy ministry on Wednesday.
read more... 02/10/2014
Romania to become gas self-sufficient by 2020
Romania will have by 2020 a gas production to cover its consumption and its smaller eastern neighbor Moldova, and the nation's gas grid operator will have to invest in its infrastructure to deal with additional resources, as stated by the energy minister on Wednesday.
read more... 02/10/2014
Algeria awards 4 oil, gas blocks out of 31
Algeria awarded four oil and gas field blocks of 31 on proposal to foreign conglomerates on Tuesday in its first try since an unsatisfactory 2011 bid to draw investors to facilitate compensate its idle production.
read more... 01/10/2014
Daily: World crude oil prices plummet to two-year lows, slashing quarterly loss
Crude oil prices tumbled on both sides of Atlantic, touching the lowest level in more than two years on Tuesday, with WTI crude recording its largest daily drop since 2012, as a decline in gasoline prices and end-of-quarter selling reduced three months of losses. Brent crude for November delivery plummeted $2.53 to settle at $94.67 a barrel, posting a 16 percent loss for the quarter. U.S. crude decreased by $3.41 to close at $91.16 a barrel, its biggest one-day loss since November 2012.
read more... 01/10/2014
Turkey raises energy prices, driving 2014 inflation predictions above 9%
Turkey will raise power and natural gas prices by 9 percent starting from October, as stated by Energy Minister Taner Yildiz on Tuesday, accusing a weaker currency for the price increases in the greatly import-dependent country.
read more... 01/10/2014