Latest news
Cyprus annuls LNG tender after two-year postponement
Cyprus' Natural Gas Public Company (DEFA) has annulled a tender for approximately 10 years supply of liquefied natural gas (LNG), after almost two years of postponements and extensions.
read more... 10/02/2016
Total declares it starts up production at UK's Laggan-Tormore gas fields
Gas production has launched at Britain's Laggan-Tormore gas condensate fields off the Shetland Islands in the North Sea, as stated on Monday by the operator Total.
read more... 10/02/2016
Daily: Crude oil falls 8 % on pessimistic U.S. , worldwide demand outlooks
Crude oil prices declined for a fourth consecutive session on Tuesday and hovered near to 12-1/2-year lows attained last month, after weak demand forecasts from the U.S. government and the western world's energy watchdog, while weakness in equities markets also dragged down prices. Brent crude oil fell $2.56, or 7.8 percent, to settle at $30.32 a barrel. It was the biggest drop in a day for Brent since September 1. WTI crude eased $1.75, or 5.9 percent, to end at $27.94. It dipped to $26.19 previous week, its lowest since May 2003.
read more... 10/02/2016
Norway to overtake Russia as Lithuania’s first gas supplier in 2016
Lithuania will purchase more gas from Norway than from Russia in 2016 after concluding a number of supply deals with Statoil facilitated by its liquefied natural gas (LNG) infrastructure.
read more... 09/02/2016
RWE npower will cut UK household gas prices by 5.2%
RWE's British division npower intends to cut domestic gas prices by an average of 5.2 percent starting from March 28, as stated by the company on Monday.
read more... 09/02/2016