Latest news
Daily: UK gas climbs on undersupplied network
Brent crude declined towards $107 per barrel on Friday after a hike of about 18 percent over four weeks, following a slight ease of the conflict in the Middle East. Brent climbed to an eight-week high in the last session, the highest level for seven consecutive days, driven by Middle East conflict and disruptions in output in the North Sea.
read more... 20/07/2012
Iran will export gas to European country despite the new EU sanctions
Iranian Oil Minister, Rostam Qassemi announced that it preparing to export gas to European countries via Turkey. According to FNA sources, the deal with the European state involves the export of 20 to 25 million cubic meters of gas supplies. Previous reports said that Iran is about to conclude three new deals for exporting gas supplies to two Persian Gulf littoral states and a European country.
read more... 19/07/2012
UAE to build the first nuclear power plants in the Persian Gulf region
The United Arab Emirates will be the icebreaker in constructing the first nuclear power plant in the Gulf Arab region, as the country is seeking an alternative energy resource to meet its boosting electricity demand that threatens to swallow all the precious oil and gas reserves.
read more... 19/07/2012
Daily: UK gas prices jump on lower imports from Norway
Brent crude was standing steady above $103 per barrel on Tuesday on hopes of more policy measures by central banks to stimulate global economic growth ahead of U.S. Federal Reserve Chairman Ben Bernanke's testimony.
read more... 17/07/2012
Germany: Energie Baden- Württemberg to sign a gas deal with a foreign company
The German utility Energie Baden- Württemberg (EnBW) has signed a long-term gas supply contract with an unidentified foreign gas producer, deal which will take effect from October 2012. The gas supply contract has a run time of at least 10 years, with the gas delivered for an annual cost of approximately €600 million.
read more... 17/07/2012