Latest news
Russia approved a 15 percent increase in domestic gas prices
A 15 percent hike in domestic gas prices was approved by the Russian government for Gazprom and its smaller rivals. Following this announcement, Gazprom’s shares lost 0.1 percent by 14:00 GMT, exceeding a 0.7 percent drop in the broader market. Previously in autumn, Gazprom has asked for an additional 26.3 percent increase in gas prices for domestic consumers.
read more... 27/04/2012
Shell to enter East Africa’s huge gas market
A subsidiary of Royal Dutch Shell, Shell Bidco announced its intention to acquire Cove Energy, a Mozambique-focused exploration group, for $1.8bn, as the giant aims to access East Africa’s huge gas reserves.
read more... 26/04/2012
Eni to launch natural gas production in western Siberia
The Italian energy giant, Eni alongside a joint venture with Russian companies started the production of hydrocarbons in the Russian Federation, from the Samburskoye field, located western Siberia, as the group aims to increase its influence on one of the largest gas market in the world.
read more... 24/04/2012
US: EPA issues new fracking gas rules
The U.S Environmental Protection Agency (EPA) has released the first-ever national rules to control air pollution from gas wells that are drilled using a method called hydraulic fracking, the practice that revolutionized the domestic gas sector.
read more... 19/04/2012
UK government to give green light to shale gas fracking
The UK government released an report on Tuesday encouraging the extension of the controversial technique of shale gas fracking, nearly one year after it temporarily forbidden this practice which caused two earthquakes in Britain.
read more... 17/04/2012