Latest news
Chevron hits the 13th offshore gas discovery in Australia
US energy giant Chevron has recently announced a natural gas discovery by its Australian subsidiary in the Exmouth Plateau area of the Carnarvon Basin, offshore Western Australia, being the 13th offshore natural gas discovery since 2009.
read more... 24/01/2012
Ukraine to cut the amount of natural gas imports from Russia
The Ukrainian Prime Minister Mykola Azarov declared that Ukraine refuses to pay for large volumes of gas from Russia, as set out in current contracts, ahead of continued negotiations with Russia, as Kiev considers them as unfair.
read more... 20/01/2012
It is official: Turkey approves the construction of South Stream pipeline
Turkey has announced in December that it gives all necessary approvals for the South Stream pipeline project, allowing the construction to proceed and to be executed on schedule, before the end of 2015. The news was officially confirmed by Moscow on January, 9, stating that the pipeline will be built through Turkey’s Black Sea exclusive economic zone, en route to central Europe.
read more... 20/01/2012
Bulgaria forbids Chevron from using hydraulic fracking technique
The Bulgarian lawmakers banned the controversial practice of hydraulic fracturing and imposed a 100 million-lev ($65 million) fine for offenders, baffling Chevron’s Corp plans to explore for natural-gas deposits in the Balkan country.
read more... 19/01/2012
Societe Generale: European gas demand hit a record drop in 2011
According to the data provided by the European bank Societe Generale, gas demand in EU declined by 11% in 2011, being the largest drop ever recorded in Europe.
read more... 18/01/2012