Latest news
Energy Market Overview, Friday, December 17, 2010
British gas spot prices increased on Friday on freezing weather boosting heating demand. By 10:35 GMT, the day-ahead gas price was traded at 65,25 pence per therm exceeding more than one penny compared to the previous session and reaching the highest level since early February 2009. According to the National Grid data, Britain will continue to import gas from Norway, the Netherlands and Belgium to cover about 30 percents of its gas demand.
read more... 17/12/2010
Lawmaker assures enough supply of LPG for Christmas
A lawmaker removed any concern of consumers, ensuring that there is sufficient supply of liquefied petroleum (LP) at an affordable price during the Christmas period. The LPG trade will not be affected by the Batangas-Manila oil pipeline shutdown.
read more... 14/12/2010
Energy Market Overview, Monday, December 13, 2010
British gas prices fell early on Monday as above-average demand levels were met comfortably by strong supply from neighboring markets and storage sites, while forecast for cold weather was already factored in.
read more... 13/12/2010
5bn USD investment in Argentinean unconventional gas.
The Argentinean energy company YPF, owned by Spain's Repsol, announced the investment of about $5 billion along with its partner, the Brazilian company, Vale.
read more... 10/12/2010
Important shale gas reserves discovery in Argentina.
YPF, owned by Spain's Repsol energy company, announced Tuesday a major discovery of about 4,500 billion cubic feet of shale gas in Patagonia which will most probably diminish the country’s imports.
read more... 09/12/2010