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Italy: Eni allowed to import Iranian oil despite EU oil embargo
Eni, Italy’s oil and gas giant, has received a special exemption from the sanctions which would allow the company receiving Iran’s crude despite EU embargo on Iranian oil, the company’s CEO Paolo Scaroni told the reporters on Friday.
read more... 26/03/2012
Bulgaria’s Energy Regulator proposes a 12.73 % hike of natural gas as from April, 1
Bulgaria’s State Energy and Water Regulatory Commission (DKEVR) has adopted the report of the expert working group of the Regulatory body, which proposed to boost natural gas prices by 12.73% from April, 1st.
read more... 23/03/2012
Shell and CNPC to jointly explore the Chinese shale gas block
The energy major, Royal Dutch Shell has inked the first-ever production-sharing contract with China’s CNPC in order to explore and produce shale gas from the Fushun-Yongchuan shale gas block in the Sichuan Basin, China.
read more... 22/03/2012
British Gas reports a 30% drop in annual profits due to a milder winter
British Gas, the leading energy and home services provider in the United Kingdom, has reported a 30% decline in annual profits to £522million for last year, despite price increases of up to 18%, due to milder temperatures this winter which reduced the energy demand.
read more... 22/03/2012
Poland’s PGNiG to minimize the volume of natural gas purchases from Gazprom
Poland’s state-owned natural gas giant PGNiG has announced that it will reduce gas imports from Gazprom via the Yamal pipeline to around 85% of the contracted volume and will replace the missing volume with alternative resources from western European firms.
read more... 21/03/2012