Latest news
Russia: share of gas in European imports to surpass 64% in 2014
The share of Russian gas in Europe's overall imports will surpass 64 percent in 2014 and will keep on increasing, as stated on Friday by Alexei Miller, the manager of Gazprom.
read more... 22/09/2014
Finland offers financial backing to three small LNG terminals
The Finnish government allocated 65.2 million euros (84.22 million US dollar) in financial backing to construct three small liquefied natural gas (LNG) terminals to cut on utilization of fuel oil and liquefied petroleum gas (LPG) in industry, as stated by the economy ministry on Thursday.
read more... 19/09/2014
Russia’s Gazprom, affected by Ukraine crisis, deals with the lowest gas production in history
Russian gas producer Gazprom is expected to register its lowest production this year since its foundation a quarter of a century ago after halting supplies to Ukraine and losing market share to local competitors.
read more... 19/09/2014
Daily: British prompt natural gas prices boost on undersupplied system
Crude oil prices dropped on Thursday, dragged down by plentiful supply, worries about demand growth and a stronger U.S. dollar. Brent eased $1.27 to settle at $97.70 a barrel, with prices falling around 15 percent from a nine-month peak of $115.71 reached in June. U.S. crude slipped $1.35 to close at $93.07 a barrel a day following a decline due to government data that showed U.S. crude inventories increased 3.7 million barrels last week.
read more... 19/09/2014
Gazprom declares to be unable to satisfy increasing gas demand from Europe for the moment
Russia's Gazprom declared on Wednesday it is unable to satisfy increasing gas demand from Europe while it creates stockpiles prior to winter, weakening the ability of Europe to supply Ukraine with gas. Slovakia, Poland, Romania and Austria have all registered insignificant declines in shipments recently from Russia, which is involved in a dispute with the European Union over the crisis in Ukraine.
read more... 18/09/2014