Latest news
UK exports gas cheaper than it pays for imports
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
Ireland to power millions homes in UK through wind power
Irish Minister for Communications, Energy and Natural Resources, Pat Rabbitte, and his British counterpart, Ed Davey, are to sign an agreement to export wind energy from Ireland to power millions homes in the UK. Ireland has agreed to sell wind energy to Britain in a move that could create thousands of jobs by 2020.
read more... 25/01/2013
Gazprom and Plinacro to build pipeline in Croatia
Gazprom, Russia’s natural-gas export monopoly has signed a deal with Plinacro to build a natural gas pipeline in Croatia.
read more... 21/01/2013
OPEC downwardly revises demand for its crude oil in 2013
The Organization of Petroleum Exporting Countries (OPEC) is forecasting that the demand for its crude to slash because of an ample production from main competitors, showing that the inventories could significantly bolster despite a massive cut in output by top exporter Saudi Arabia.
read more... 17/01/2013
Norway proposes tariff cut in its gas pipeline system
Norway's Minister of Petroleum and Energy, Ola Borten Moe, proposed on Tuesday to slash natural gas transport tariffs for new gas contracts, aiming to encourage higher production and exploration in mature fields. Norway is the world`s second largest gas exporter supplying about 18% of Europe’s needs.
read more... 16/01/2013