Latest news
French gas tariffs require larger market connection
The calculation of French regulated gas tariffs should be related more strongly to gas market prices since market main player GDF Suez renegotiates more of its supply agreements, as stated by energy regulator CRE in a report published on Wednesday.
read more... 05/06/2014
Total and E.ON to abandon a pipeline to convey Azeri gas to Italy
France's Total and Germany's E.ON intend to exit the Trans Adriatic Gas Pipeline (TAP) to convey Azeri gas to Italy, since decreasing Italian demand puts energy projects into doubt, according to Vagif Aliyev, SOCAR's investment department manager at Azeri SOCAR.
read more... 04/06/2014
Daily: UK gas reaches new lows on Russia, Ukraine temporary gas deal
Brent and U.S. crude oil settled down in a nervous trading on Monday, dragged down by a stronger dollar and recently released data showing that OPEC’s oil output increased to a three-month high. Brent crude for July delivery declined 58 cents to close at $108.83 a barrel, after striking $109.87 and further retreating below Brent's 200-day moving average at $109.07. WTI crude for July delivery traded 24 cents down to close at $102.47 a barrel, after hitting an intraday high at $103.35.
read more... 03/06/2014
Azeri Socar could diminish its 58% stake in Tanap pipeline project
Azeri state energy firm SOCAR could diminish its stake in the multi-billion dollar Trans-Anatolian natural gas pipeline project (TANAP), intended to decrease Europe's dependence on Russian gas, according to SOCAR's president.
read more... 03/06/2014
Spain: Iberdrola signed LNG contract estimated at $5.6 bln
Spanish power firm Iberdrola declared on Friday it had signed with Cheniere Energy Inc a liquefied natural gas (LNG) sale and acquisition deal estimated at $5.6 billion for a period of 20 years.
read more... 02/06/2014