Latest news
Italian Eni sells its 29% stake in Russian gas venture
Italian energy giant Eni has announced on Wednesday that it had decided to sell its 29 percent stake in Russian natural gas producer SeverEnergia to Yamal Development. Yamal Development is a 50/50 Joint Venture between Novatek and Gazprom Neft.
read more... 21/11/2013
Gazprom starts South Stream construction works in Bulgaria
Gazprom has started the construction of the Bulgarian section of the South Stream pipeline. The pipeline will go from Russia to Bulgaria through the Black Sea, and in Bulgaria it will divide in two, with the northern leg going through Serbia, Croatia, Hungary, and Slovenia to Austria and Northern Italy, while the southern leg going through Greece to Southern Italy.
read more... 04/11/2013
Croatia, Hungary and Ukraine to create their own gas corridor
Ukraine, Croatia and Hungary aim to build their own corridor expanding gas pipelines networks. The construction of this corridor will start next year. This gas corridor is planned to be linked to the Trans-Adriatic Pipeline, which is likely to carry Shah Deniz gas to Europe through Turkey. The parts have already reached an agreement on passing of natural gas through all three countries.
read more... 25/10/2013
Eni CEO: EU economies could face a long-term structural challenge to compete with industrial operators in the US
The shale gas revolution in the US is frequently mentioned as one of the major highlights of the world’s energy industry in the last 10 years. The growth in shale gas production in the US since 2001 has led to significant changes in the national energy market.
read more... 22/10/2013
The solution to Europe’s high energy prices could be Russia or fracking
Chief executive of Italy’s Eni, Paolo Scaroni said at the Council on Foreign Relations in New York that Europe is facing dramatic energy costs and that there are two directions which could be a solution for Europe: fracking or increasing Russian imports.
read more... 16/10/2013