Azerbaijan delays decision for Shah Deniz II gas fields.

11/10/2010 00:42 Natural Gas


Nabucco, the pipeline that should ensure supply of natural gas to the EU, will be delayed as Azeri take longer than expected to make a decision in which project should extract gas from the Shah Deniz II.

The 7.9 billion euro project is expected to bring about 31 billion cubic meters of gas annually by 2015. Nabucco spokesman, Christian Dolezal said that they’re currently negotiating gas supply contracts which are a basis for the final investment decision. Azerbaijan is currently analyzing about 20 offers for the project in Shah Deniz II gas fields, one of whom is Gazprom who declares offering the higher price, which is the main condition for decision making from Azeri officials.

Exxon Mobil considers sale of Malaysian offshore assets for up to $3 bln

09/10/2019 14:54:00

U.S. energy giant Exxon Mobil Corp is considering a sale of its Malaysian upstream offshore assets for up to $3 billion, Bloomberg reported on Wednesday.


Zimbabwe hikes average electricity tariff by 320% - energy regulator

09/10/2019 13:25:00

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday.


Daily (09.10.2019): European carbon prices reached EUR 23 a tonne on Tuesday, on worries over Brexit negotiations

09/10/2019 10:50:00

Crude oil prices traded lower on Tuesday, after Donald Trump reported that a quick trade deal will unlikely happen soon. Meanwhile, oil prices were supported by protests in OPEC members Iraq and Ecuador, which threatened to disrupt their oil output. Hence, WTI futures fell by 0.2% to $52.63 a barrel, while Brent crude edged 0.2% down at $58.24 a barrel.