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Global natural gas investments to reach almost $9 trillion by 2050
The Gas Exporting Countries Forum's (2050) forecast report projects that global natural gas investments will total almost $9 trillion by 2050, with $8.2 trillion directed toward the upstream sector and $0.74 trillion for the midstream sector.
read more... 22/03/2024
Daily (21.03.2024): Forward gas prices dropped sharply on Wednesday amid ample storage levels and strong Norwegian flows
On Wednesday, oil prices fell as the dollar weakened after the Fed announcement, while investors took advantage of recent price spikes amidst worries about possible supply disruptions in Russia. As a result, Brent crude oil fell by about 2% to settle slightly below $86 a barrel, while WTI crude declined by around 3% to stand at $81.27 a barrel.
read more... 21/03/2024
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Bulgartransgaz opens tender for Vertical Gas Corridor expansion
Bulgarian state-owned gas transmission operator Bulgartransgaz said on Wednesday that it has decided to launch a tender for expanding infrastructure as part of an initiative to build a gas corridor linking Greece and northern Europe.
read more... 21/03/2024
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Terna to invest €16.5bn to strengthen electricity network in Italy
Italian power grid company Terna has announced plans to invest €16.5bn over the next five years to support Italy’s integration of renewable energy sources.
read more... 21/03/2024
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Spain signs wind expansion charter
Spain’s Ecological Transition Minister Teresa Ribera has signed a charter identifying actions to accelerate the expansion of wind energy in the country and to maximise its social and economic benefits.
read more... 21/03/2024