Latest news
Russia and China to complete gas deal before Chinese president visit
Russia declared that it will complete a 30-year deal with China to supply 68 billion cubic meters of gas annually by June, 10th.
read more... 02/06/2011
Bulgaria could reduce its gas imports from Russia
Traicho Traikov, the Bulgarian Minister of Economy and Energy announced Saturday that US energy giant Chevron has won the tender, with competitors such as the Canadian company BNK, to explore the northern Bulgarian shale gas concession.
read more... 31/05/2011
America’s wind industry ICREASED by 15% in 2010
America’s wind power increased by 15% in 2010 with 5,116 MW new installed capacity last year totaling 40,181 MW, enough to supply electricity to more than 10 million American households. The annual report submitted by American Wind Energy Association shows a significant increase in wind power by 35% since 2007 underscoring the role of this industry in the country’s economy following natural gas as basic energy generation source.
read more... 30/05/2011
The impact of the North Sea tax hike
According to a survey performed by Oil & Gas UK and released on May, 10th, the recent tax hike imposed by George Osborne, the UK Chancellor may jeopardize 15,000 jobs and £12b of investment in the North Sea.
read more... 27/05/2011
A $7bn LNG plant near Vladivostok
Gazprom and a consortium of Japanese companies will invest $7 billion in the construction of a LNG plant in the Far Eastern Russia, near the Pacific port of Vladivostok, as the Russian giant plans to boost its natural gas supplies to Europe.
read more... 27/05/2011