Latest news
British Gas reveals its profit for first half of 2011
British Gas, the owner of Centrica has disclosed its profits of £518 million in the first half of 2011, or almost £3 million per day, just weeks after announcing big price hikes by 18 % for domestic customers.
read more... 28/07/2011
UK Government will not prohibit shale gas “fracking”
After long concerns over shale gas drilling controversial technique, the U.K. government pronounced its long awaited decision concerning the development of “unconventional” gas resources, refusing to ban gas “fracking”.
read more... 27/07/2011
Italy’s Edison gets price reduction for gas delivered by Gazprom
The Russian energy giant, Gazprom has agreed to reduce its gas prices for Italy’s Edison S.p.A, as the Italian company has filed a lawsuit to win cheaper tariffs, business daily Kommersant reported on Monday.
read more... 26/07/2011
EBRD and EIB to allocate $308 million for Ukraine’s gas transport system reconstruction
The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) have signed a memorandum of understanding with Ukraine's national oil and gas company, NAK NaftoGaz, to allocate $308 million for the modernization of its obsolete gas transportation system.
read more... 25/07/2011
Energy market Trend for 2011-2021
Natural gas is becoming an attractive energy source for its relative low cost and rising trading demand. Due to fast economy growth, natural gas becomes the best alternative to reduce carbon dioxide emissions and be reliant from unpredictably oil price fluctuations and driven global demand. The natural gas and LNG storage market is estimated to worth $18.57bn in 2011.
read more... 22/07/2011