Latest news
The China-Myanmar gas pipeline was completed and is fully operational
China National Petroleum Corp. has announced that the China- Myanmar gas pipeline was completed on Sunday and has gone fully operational. The project, extending more than 2500 km from western Myanmar to southwest China, will help the world's second-largest economy to supply its growing energy requirements.
read more... 21/10/2013
Daily: UK gas prices drop on milder weather
U.S. crude oil prices settled at the lowest level in more than three months on Thursday as inventories in the Cushing, Oklahoma, started to reverse a months-long drop, and as signs of progress in negotiations over Iran's nuclear program also added pressure on prices. Meanwhile, front-month December Brent crude settled $1.48 lower at $109.11 per barrel and U.S. oil closed $1.62 per barrel lower at $100.67, the lowest settlement price since July 2.
read more... 18/10/2013
Rotterdam LNG Hub gets heavy support from European Commission
The European Commission will grant a subsidy of €74 million ($99.9 million) for the development of the Dutch port as a hub for liquefied natural gas (LNG), acknowledged as a priority project for European transport infrastructure development.
read more... 17/10/2013
The Royal Dutch Shell group is passing through a difficult period
ROYAL Dutch Shell chief executive Peter Voser, has declared yesterday that it will take longer than expected for Europe to obtain benefits from its shale gas projects. He explicated that Shell’s shale gas projects are not as successful as formerly though.
read more... 16/10/2013
UK Government will not subsidize new gas storage facilities
Energy Minister Michael Fallon has announced that the UK Government has rejected calls to subsidize new gas storage facilities, saying it would be too costly for bill payers. Ministers added that the UK gas market is functioning well in attracting gas from various sources in order to meet current and future demand and said that its decision will save bill payers more than 750 million pounds in the next 10 years.
read more... 11/10/2013