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Daily: UK spot gas prices climb on unstable Norwegian flows
Brent crude futures climbed towards $113 a barrel on Tuesday after two days of losses following supply concerns fed by intensifying tensions in the Middle East which weighed over a pessimistic outlook for global demand.
read more... 09/10/2012
BP unveils the start-up of Devenick gas project in UK
The energy major British Petroleum (BP) unveiled the successful start-up of a natural gas project in the North Sea which will be able to provide enough gas to meet the needs of about 500, 000 homes per year.
read more... 09/10/2012
EU may not need Nabucco project
The Nabucco pipeline is a project that would supply gas to Europe, reducing the region's dependence on Russian gas, but with US LNG exports, the European Union may not need the Caspian gas, as there are three main reasons that US LNG are more attractive:
read more... 08/10/2012
Europe: Higher prices of natural gas increase demand for coal
Due to higher prices of natural gas, Europe imports of coal from the U.S. have nearly doubled. U.S. coal exports have beaten a new record and reached 66.2 million tons, increasing by about 24% in the first six months of this year. More than half of the U.S. coal exports were directed to Europe.
read more... 05/10/2012
Greece is sitting on offshore gas bonanza
Amid an endless recession and austerity, Greece is likely to hold offshore natural gas resources that could dramatically change country’s fate, according to a study presented to Prime Minister Antonis Samaras.
read more... 05/10/2012