Latest news
Spain intends to impose a green tax on natural gas
Spain government announced its intention to introduce a green tax on natural gas to help plug its 24 billion euro financial deficit which built up by years of forcing utilities to sell power under cost. The tax will regard only natural gas while gasoline and other motor fuels will be exempt according to Europa Press.
read more... 16/08/2012
Nabucco project obtains Hungarian permit
Hungary is now the first country to successfully finish the permitting process for the Nabucco project. The Nabucco pipeline will cross 384 km of Hungarian territory and has received the last environmental permit it needs to begin construction in the eastern European country. According to Managing Director of Nabucco Gas Pipeline International GmbH, Reinhard Mitschek, this is an important step forward for the project.
read more... 16/08/2012
Novatek will sell natural gas to Germany’s EnBW
Russia’s second largest gas company Novatek has confirmed that it has entered in a long-term gas supply deal with Germany’s third largest electric utility Energie Baden-Württemberg (EnBW). Under the new contract, Novatek will supply about 2 billion cubic meters of gas per year to EnBW starting in October 2012 and for the next ten years to follow.
read more... 15/08/2012
European liquefied natural gas will drop by 70% by 2015
European liquefied natural gas (LNG) supplies will likely decrease by roughly 70% by 2015 as the Asian market absorbs more cargo demand. In the first six months of 2012, the European imports of liquefied natural gas supplies have decreased by 33%, while Asian imports registered a 16% rise.
read more... 14/08/2012
RWE Dea starts the development drilling at Clipper South in UK
RWE Dea's subsidiary in the United Kingdom has announced the delivery of its first gas from its Clipper South field in the UK North Sea. The field is operated by RWE Dea (50% interest) and Fairfield Energy is also a partner in the field (25% interest).
read more... 14/08/2012