Latest news
Gas prices to raise due to higher distribution costs
Gas networks companies announced that have increased their prospects of rising energy prices beyond 2020 following a forecast that distribution prices will increase by up to 27% by the beginning of the next decade.
read more... 10/04/2012
UK to exceed Poland’s shale gas resources
UK is likely to exceed Poland as the focus of the shale gas industry in Europe, according to the British shale gas company IGas’s estimations.
read more... 05/04/2012
British Gas rejects the Big Switch Scheme
The energy giant, British Gas has said that it would not take part in so-called Big Switch scheme which is aimed to help consumers negotiate better tariffs on gas and electricity bills. This campaign was proposed by consumer group Which? and aims to sign up as many households as possible and then attempt to negotiate cheaper energy tariffs from major suppliers on their behalf.
read more... 04/04/2012
Bulgaria gives green light to South Stream project
Following a meeting on 30 March between the head of the Russian energy giant Gazprom, Alexey Miller and Bulgaria’s newly appointed Minister of Energy and Economy Delian Dobrev, it was announced that the final investment decision on the construction of the South Stream pipeline, aimed at ensuring direct supplies of natural gas from the producer to the consumer, will be taken by 15 November.
read more... 04/04/2012
ExxonMobil, ConocoPhillips, BP to develop a large-scale LNG project in Alaska
The oil majors, ExxonMobil, ConocoPhillips, BP and TransCanada have agreed on a plan to focus on a large-scale liquefied natural gas project at the Point Thomson gas fields in Alaska, US by May 2016.
read more... 03/04/2012