Latest news
Germany says yes to shale gas extraction
According to the U.S. Energy Information Administration, Germany has technically recoverable shale gas reserves of about 230 billion cubic meters. Hydraulic fracturing has been practiced in Germany since the 1960s, but was suspended recently on health and safety concerns.
read more... 18/12/2012
AcegasAps, Italgas to create a gas distribution JV in northern Italy
The Italian gas distributors AcegasAps and Italgas (Snam group) inked a framework agreement today for the establishment of a joint venture to manage the gas distribution activities in the territories of Padua, Pordenone, Trieste and Gorizia, in northeastern Italy.
read more... 14/12/2012
UK to withdraw the ban on shale- gas exploration
Ed Davey, Energy Secretary, has announced that exploration works could now continue in the county, allowing Cuadrilla Resources Ltd. to resume operations in Lancashire, which was halted in 2011 when the test-drilling caused two minor earthquakes in northwest England.
read more... 13/12/2012
GDF Suez: Income is expected to fall next year as demand slows due to economic crisis
GDF Suez, Europe’s largest utility by market value, has announced this week that income for next year will register a decrease as the economic crisis in the region slows demand. According to GDF Suez, European demand for natural gas is down 14% since 2010 while power by 25 %, so it plans to cut its share of profit from Europe and is looking to double LNG sales to emerging markets.
read more... 11/12/2012
Shell expects demand for natural gas to double by 2050
Royal Dutch Shell Plc, Europe’s biggest oil producer, has predicted that global natural gas demand will double by 2050 in comparison with 2010 levels, driven mostly by demand from Asian countries in front with Japan, China and South Korea.
read more... 06/12/2012