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South Stream pipeline project to start in December

Russian President Vladimir Putin has met Italy’s Prime Minister Mario Monti on Monday to talk about the South Stream pipeline project. Following the meeting, the President Putin told reporters that the project is still important for most of the European countries and many gas customers.

read more... 25/07/2012

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Spain: Enagas to buy 90% of Naturgas Energía Transporte from EDP

Enagas via its subsidiary Enargas Transport Enagas SAU will acquire 90% of Naturgas Energía Transporte from Energias de Portugal.

read more... 24/07/2012

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Daily: British prompt gas at a 2-month low on warm weather

Brent crude declined to $104 per barrel on Monday as renewed worries about the global economy returned to spotlight due to concerns that Spain will not be able to deal with a costly sovereign bailout, which could have a great impacts on oil demand.

read more... 23/07/2012

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Novatek launched the construction of Sabetta LNG port

Novatek, the second gas producer in Russia, started the construction of a $30 billion Arctic port, called Sabetta, located on the North-East of the Yamal Peninsula in Yamal-Nenets Autonomous Region.

read more... 23/07/2012

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Italy: offshore oil and gas exploration projects to resume after Berlusconi’s ban in 2010

The Mario Monti’s government has canceled the ban on offshore oil and gas exploration imposed by Silvio Berlusconi in 2010, following the Macondo well explosion in the Gulf of Mexico, causing the largest U.S. offshore oil spill.

read more... 20/07/2012

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