Latest news
Centrica to ensure the energy security on its gas market
Centrica, the parent company of British Gas, has inked a 3 year gas supply agreement with Gazprom.
read more... 27/09/2012
UK: Shale gas could create 35,000 jobs
The UK’s Institute of Directors (IoD) released a new report according to which shale reserves could create 35,000 jobs in the UK and provide a tenth of the country's gas supply for a century.
read more... 26/09/2012
Daily: UK prompt gas prices hit a slight increase on undersupplied system
Brent crude traded below $110 a barrel on Tuesday, after posting a loss of more than 1 percent in the previous session on worries about weak demand in a fragile economy which offset intensifying tensions in Iran.
read more... 25/09/2012
Greece reveals new projects to improve gas infrastructure
The Greek National Natural Gas System Operator (DESFA) announced a new 1.7 billion Euros investment plan which aims to increase domestic and industrial usage of natural. The objective is to augment the use of gas to 100% within the next 10 years, reducing oil consumption and lignite production. For this reason DESFA has launched many new projects.
read more... 25/09/2012
Europe is willing to renegotiate gas pricing with Gazprom
The EU Commission launched a probe earlier this month into exports by Gazprom, because of suspicions that the company was hindering the free flow of gas across the EU and imposing unfair prices by linking the cost of gas to oil prices. Moscow has said Gazprom, which has a legal monopoly on gas exports from Russia, will fight the case but will not cut supplies in retaliation. Gazprom's oil-linked contracts are a touchy subject for the Russian government and Gazprom, a major contributor to the state budget which earns the bulk of its revenue from export. The EU's investigation ended a period of relative calm on the gas front between Brussels and Moscow, which objects to some of the EU's gas market liberalisation measures.
read more... 25/09/2012