Latest news
EDF announces increased UK profits due to nuclear output
The French energy giant, EDF has announced a huge jump in its profits, despite the 8% drop in UK gas and electricity sales.
read more... 21/02/2012
Gazprom to extend its underground gas storages to unfreeze Europe
Gazprom, Europe’s main supplier of natural gas is planning to invest between 200 million and 300 million euros to double its underground natural gas storage in order to make sure the Siberian cold doesn’t freeze up pipelines, Gazprom Deputy CEO Alexander Medvedev said on Wednesday.
read more... 17/02/2012
ENI makes new deepwater gas discovery offshore Mozambique
The Italian giant, ENI has announced a new major gas discovery in the Mamba North 1 prospect, in Area 4 Offshore Mozambique, being the second significant discovery off Mozambique since October 2011.
read more... 16/02/2012
Bulgaria becomes the second country in the world to ban shale gas exploration
The Bulgarian parliament has banned the hydraulic fracturing technique, becoming the second country after France to impose a moratorium on the practice.
read more... 15/02/2012
European gas market copes with the cold snap
Despite the cold weather at the moment, in most parts of Europe gas storage levels are high because much of the continent has so far seen a mild winter. Europe's gas storage sites were two-thirds full on average versus levels of less than 50 percent at this point last year, data from Gas Infrastructure Europe showed lately.
read more... 15/02/2012