Latest news
Centrica to ensure the energy security on its gas market
Centrica, the parent company of British Gas, has inked a 3 year gas supply agreement with Gazprom.
read more... 27/09/2012
Europe is willing to renegotiate gas pricing with Gazprom
The EU Commission launched a probe earlier this month into exports by Gazprom, because of suspicions that the company was hindering the free flow of gas across the EU and imposing unfair prices by linking the cost of gas to oil prices. Moscow has said Gazprom, which has a legal monopoly on gas exports from Russia, will fight the case but will not cut supplies in retaliation. Gazprom's oil-linked contracts are a touchy subject for the Russian government and Gazprom, a major contributor to the state budget which earns the bulk of its revenue from export. The EU's investigation ended a period of relative calm on the gas front between Brussels and Moscow, which objects to some of the EU's gas market liberalisation measures.
read more... 25/09/2012
Gazprom and Centrica strike a 3 year gas supply contract
British utility Centrica has announced on Thursday that it has signed a 3 years gas supply contract with Gazprom Marketing & Trading, a UK registered wholly-owned subsidiary of Russian energy giant Gazprom. Under the deal, Gazprom will supply 2.4 billion cubic meters of natural gas starting from 2014.
read more... 21/09/2012
Daily: Brent crude declines below $108 on China data
Brent crude declined below $108 a barrel on Thursday after data showed China’s manufacturing activity continued to shrink, weakening the sentiment further in a market already in a downtrend.
read more... 20/09/2012
Spain’s Gamesa strikes a $417 million wind turbine deal in Brazil
Spanish wind Energy Company Gamesa entered in an 843 million reals ($417 million) deal with Brazil, thus consolidating its presence on the Brazilian wind market.
read more... 14/09/2012