Latest news
Daily: British spot gas prices trade higher on weaker LNG delivery
Crude oil futures traded higher on Monday, the first day of the third quarter, with gains in U.S. crude surpassing the rest of the oil complex and driving the U.S. contract’s discount to Brent to a 2-1/2 year low amid a broad commodities hike. Brent crude for August traded 84 cents higher at $103.00 a barrel. U.S. crude settled up $1.43 at $97.99, quitting the spread at $5.01.
read more... 02/07/2013
BGS: Britain's shale gas reserves are much larger than previously estimated
According to a new report performed by the British Geological Survey, UK may hold shale gas deposits that could supply the country for 25 years, ramping up the previous estimates.
read more... 28/06/2013
Daily: British prompt gas prices slightly increase as export pipeline resumes
Crude oil futures increased for a fourth consecutive session on Thursday, boosting over $1 a barrel on hope that monetary stimulus measures from major central banks would stay in place for the time being.
read more... 28/06/2013
TAP has won the tender to carry gas to Europe
The Shah Deniz II consortium has announced yesterday that it has made the choice and selected the Trans Adriatic Pipeline to carry gas to Europe, defeating the Nabucco West consortium. TAP is expected that will transport more than 20 billion cubic meters per year of natural gas from the Shah Deniz II field in Azerbaijan, through Greece and Albania to Italy and further into Western Europe. Nabucco West and TAP were the only two bidders in the project to transport the Azerbaijani gas.
read more... 27/06/2013
Renewable energy to exceed nuclear and gas in the next year to come
The IEA has released its second annual Medium-Term Energy Market Report, according to which renewable sources will exceed natural gas as a power source and will be twice the contribution from nuclear energy globally by 2016, being second only to coal.
read more... 27/06/2013