Latest news
Norway to overtake Russia as Lithuania’s first gas supplier in 2016
Lithuania will purchase more gas from Norway than from Russia in 2016 after concluding a number of supply deals with Statoil facilitated by its liquefied natural gas (LNG) infrastructure.
read more... 09/02/2016
Montenegro grants oil concessions to Eni and Novatek for 30 years
The Montenegrin government offered concessions for oil and gas exploration for a period of 30 years in the Adriatic sea to a conglomerate of Italy's Eni and Russian No. 2 gas company Novatek, an economy ministry representative declared on Thursday.
read more... 05/02/2016
Daily: Oil prices drop on China economic woes, increasing OPEC supply
Oil prices dropped for a second session in Asian trade on Tuesday since worries about major energy consumer China and increasing oil supply influenced markets, even though potential negotiations between OPEC and Russia on production cuts offered certain support.
read more... 02/02/2016
Gazprom annuls gas discount for Turkey
Russia's Gazprom has annulled a reduction in gas prices for Turkish clients, as stated by industry officials on Friday, after Turkey shot down a Russian war plane two months ago.
read more... 01/02/2016
Poland: PGNiG anticipates Norway gas pipeline connection by 2022
Polish gas firm PGNiG's plan to construct a pipeline between Poland and Norway to cut its reliance on Russia is likely to launch a few billion cubic metres (bcm) of yearly gas capacity by 2022, it declared on Thursday.
read more... 01/02/2016