Latest news
Europe and Asia to join efforts to drive down LNG prices
Gas buyers in Europe, Japan and other parts of Asia are joining forces to try to drive down prices of liquefied natural gas (LNG) and for more transparent LNG prices, which according to officials, are putting under threat the recovery in the European Union and growth in the Japan’s economy.
read more... 11/09/2013
China to have its first floating terminal for LNG imports
China National Offshore Oil Corp (CNOOC) has announced it has obtained the permit to build its first floating terminal for liquefied natural gas in the northern port city of Tianjin. China, being the world biggest energy consumer, intends to increase the share of natural gas in its energy mix to 8% in the next two years, from the current 5 % in a move which aims to cut emissions from coal-fired power stations and reduce the reliance on oil imports.
read more... 22/08/2013
Daily: British spot gas prices trade higher on weaker LNG delivery
Crude oil futures traded higher on Monday, the first day of the third quarter, with gains in U.S. crude surpassing the rest of the oil complex and driving the U.S. contract’s discount to Brent to a 2-1/2 year low amid a broad commodities hike. Brent crude for August traded 84 cents higher at $103.00 a barrel. U.S. crude settled up $1.43 at $97.99, quitting the spread at $5.01.
read more... 02/07/2013
E.ON strikes a 20-year LNG deal with Canada’s Pieridae Energy
German utility giant E.ON has unveiled a 20-year agreement on LNG sales with Canada’s Pieridae Energy.
read more... 04/06/2013
ENEL looking for a stake in TAP
Italy's biggest power utility Enel is in talks to obtain a 20% stake in the Trans-Adriatic Pipeline (TAP), project that aims to pump Azeri gas to Europe. Enel, necessitates more gas to fire part of its power generation fleet and to sell to consumers. Enel is developing a LNG terminal on the island of Sicily and has a stake in the GALSI project, which aims to transport Algerian gas into Italy
read more... 28/03/2013