Gazprom, the world's biggest gas producer, has announced on Friday that it has set aside 3.5 billion euro for retroactive price concessions to major European customers in 2013. That comes as a reaction to the declining demand because of the Europe’s economic crisis, energy efficiency drives and competition from liquefied natural gas.
read more... 11/02/2013
According to the Guardian newspaper, the UK is exporting gas at a lower price than it is importing the fuel. In the period between December 2011 and October 2012, gas was being exported to continental Europe when it would have carried a higher price in the UK, at the same time as the UK exported 15 times more gas through the gas interconnector running between the UK and Belgium than it imported.
read more... 08/02/2013
The US State Department's Special Envoy and Coordinator for International Energy Affairs, Carlos Pascual, during a meeting with Ukraine’s Prime Minister Mykola Azarov, stated that Ukraine has the potential to become an energy hub of Eastern Europe.
read more... 07/02/2013
The American energy giant Chevron got the green light for the shale gas exploration in the eastern part of Romania, a major U-turn from the decision taken last April to suspend Chevron’s exploration activities.
read more... 05/02/2013
Ukraine and the world oil giant Royal Dutch Shell signed on January 24 a $10 billion shale gas production sharing agreement aimed at helping the ex-Soviet country to reduce its dependence on Russia.
read more... 31/01/2013