Latest news
Spain intends to impose a green tax on natural gas
Spain government announced its intention to introduce a green tax on natural gas to help plug its 24 billion euro financial deficit which built up by years of forcing utilities to sell power under cost. The tax will regard only natural gas while gasoline and other motor fuels will be exempt according to Europa Press.
read more... 16/08/2012
Nabucco project obtains Hungarian permit
Hungary is now the first country to successfully finish the permitting process for the Nabucco project. The Nabucco pipeline will cross 384 km of Hungarian territory and has received the last environmental permit it needs to begin construction in the eastern European country. According to Managing Director of Nabucco Gas Pipeline International GmbH, Reinhard Mitschek, this is an important step forward for the project.
read more... 16/08/2012
Daily: UK gas prices down on weak demand
Brent crude declined below 114 dollars per barrel on Wednesday and despite a supply disruption, hopes that the central bank will intervene to encourage the global economy kept the prices near three-month highs. Brent crude slipped 10 cents to $113.93 per barrel by 10:53 GMT, while U.S. crude traded down 13 cents to $93.30.
read more... 15/08/2012
Novatek will sell natural gas to Germany’s EnBW
Russia’s second largest gas company Novatek has confirmed that it has entered in a long-term gas supply deal with Germany’s third largest electric utility Energie Baden-Württemberg (EnBW). Under the new contract, Novatek will supply about 2 billion cubic meters of gas per year to EnBW starting in October 2012 and for the next ten years to follow.
read more... 15/08/2012
Daily:UK gas prices up on low supplies from Norway
Brent crude rose close to $114 a barrel on Tuesday after the European economic data were not as weak as expected and ahead of a U.S. report likely to show a fall in oil stockpiles. By 10:28 GMT, Brent crude climbed 34 cents to $113.94 a barrel, after settling 65 cents up at its highest level since May, while U.S. crude rose 38 cents to $93.11 a barrel.
read more... 14/08/2012