Latest news
Gazprom boosts gas export outlook to Europe on higher export volumes
The Russian energy giant, Gazprom has further raised its forecast on 2011 revenues from gas exports to Europe, according to which its expected profit from gas exports will represent $60 billion compared with almost $44 billion in 2010, taking into consideration the higher export volumes, the jump of prices and recovered demand, the Gazprom Deputy CEO Alexander Medvedev said on Monday.
read more... 22/06/2011
Lithuania and a U.S. Company to strengthen shale gas cooperation
The Ministry of Energy announced on June, 14 in a press release that it led negotiations with an US company concerning the extraction of natural gas from its shale rock layers and starting production of shale gas in Lithuania. But the official refused to reveal the name of the US company, due to a confidentiality request by the US company representatives.
read more... 21/06/2011
Russia and China failed to sign a major gas deal
Russia and China postponed on Friday the signing of a major deal to supply Gazprom’s natural gas to the top energy consumer, China, after they failed to agree on a price.
read more... 17/06/2011
UK pledges for CO2 tax cut for industry
John Cridland, the head of Britain's largest business lobby, CBI has called on Tuesday for carbon tax exemptions for British oil and gas intensive businesses to encourage their ability to compete with companies overseas.
read more... 15/06/2011
Eni sells a huge stake in Trans-Austria Gas pipeline
The Italian energy group Eni has signed an agreement with Cassa Depositi e Prestiti Spa (CDP) for the sale of 89% stake in the Trans-Austria Gas pipeline for 483 million euros ($700 million) plus reimbursement of a shareholder loan granted by Eni to the company equal to 192 million euro.
read more... 14/06/2011