Latest news
SSE hit by doorstep sales halting and derivatives losses
The UK energy supplier Scottish and Southern Energy (SSE) posted 87% drop in its annual pre-tax profits, from £2.1bn to £268.5m, blaming its loss on doorstep sales halting and derivatives losses, after it was convicted for mis-selling.
read more... 17/05/2012
Nord Stream might be expanded
The expansion of the Nord Stream pipeline infrastructure should be considered as to meet the EU’s rising demand for imports of natural gas over the next decades as well as to secure gas supplies under existing contracts.
read more... 17/05/2012
Bulgaria-Greece gas pipeline to be completed by 2015
Bulgaria and Greece are planning to complete construction of a pipeline that will cost $258 million and will link the countries’ natural gas grids by 2015.
read more... 15/05/2012
Construction of Nabucco pipeline may be completed by 2018
Construction of the Nabucco natural gas pipeline to transport gas from the Caspian region to Europe may start in 2015 and could be completed by 2018, said OMV, one of the Nabucco operators at the annual shareholder meeting.
read more... 14/05/2012
Centrica: wholesale gas cost could rise by 15% next winter
Millions of households in the UK could face higher energy bills next winter after Centrica, the owner of British Gas said that the gas costs could rise by 15%, while other costs would add another £50 to the cost of supplying energy to the average home probably by the end of the summer.
read more... 11/05/2012