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2011 in European power, gas, coal and carbon prices
European power, gas and coal prices ended 2011 close to where they began, despite steep rises and falls during the middle quarters of the year, while the carbon market crashed in a crisis of confidence beginning in summer. Starting the year at 100 points, benchmark European power and gas prices saw the closest correlation and converged again in the last few months of 2011 to end up just below 100 points. Coal saw the smallest movements, ranging between 90 and 105 points throughout the year, while carbon prices saw by far the highest volatility, first rising to above all other products to 125 points, before crashing to a low of under 50 points. By comparison, benchmark Brent crude oil was on track to post a 13% gain for 2011.
read more... 03/01/2012
South Stream pipeline gets Turkey greenlight
Turkey gave greenlight to the South Stream gas pipeline which will transport gas to southeast Europe bypassing Ukraine. The pipeline will pass under Turkey territorial waters and it is expected to deliver gas in 2015.
read more... 02/01/2012
Major natural gas discovery in Cyprus
Cyprus has announced a major gas discovery, estimated between 5-8 trillion cubic feet (140-230 billion cubic meters), which is a significant quantity for the small island.
read more... 29/12/2011
China: natural gas imports set to jump
China, the world’s second-largest oil consumer will continue to be dependent on natural gas imports, which account for more than half of the Chinese total consumption.
read more... 28/12/2011
Venezuela: Major gas agreement with Eni and Repsol
Venezuelan state energy giant Petroleos de Venezuela (PDVSA) inked a supply contract with Italy's Eni SpA and Spain's Repsol YPF for development of the South American country's massive offshore Perla gas field.
read more... 27/12/2011