Following a meeting on 30 March between the head of the Russian energy giant Gazprom, Alexey Miller and Bulgaria’s newly appointed Minister of Energy and Economy Delian Dobrev, it was announced that the final investment decision on the construction of the South Stream pipeline, aimed at ensuring direct supplies of natural gas from the producer to the consumer, will be taken by 15 November.
read more... 04/04/2012
Poland’s state-owned natural gas giant PGNiG has announced that it will reduce gas imports from Gazprom via the Yamal pipeline to around 85% of the contracted volume and will replace the missing volume with alternative resources from western European firms.
read more... 21/03/2012
The Nabucco consortium announced a scaled version of the Nabucco pipeline project, called Nabucco West.
read more... 19/03/2012
U.S. and ICE Brent crude oil futures decreased over 2 percent on Friday as Saudi Arabia denied a report on a pipeline fire, reassuring markets over its oil supply, and a higher dollar led investors to pare their holdings in riskier assets in oil and other commodities. WTi crude for April delivery traded at 105.80 dollars a barrel, losing 3.04 dollars, while ICE Brent crude for April delivery valued 123.65 dollars a barrel, down 2.55 dollars.
read more... 05/03/2012
According to the recent reports, the Russian gas export monopoly Gazprom aims to launch a project to build new gas pipelines from Russia to Europe in order to meet the growing demand by EU countries.
read more... 22/02/2012