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Italy: final agreement to vend grid asset stakes to China
Italy has closed a final agreement to vend minority stakes in power grid company Terna and gas network operator Snam to a Chinese state-owned electricity group and Italian investors for 2.4 billion euros ($3 billion).
read more... 28/11/2014
Daily: British forward natural gas prices tumble as oil baffle pulls down commodities
Brent crude dropped to a four-year low under $76.30 a barrel on Thursday as it became more and more improbably that OPEC would curb oil production to increase prices during a meeting in Austria. Benchmark Brent futures declined by more than $1 to settle at $76.28 a barrel, the weakest level since September 2010. U.S. crude tumbled more than $1 to hit a session low of $72.61.
read more... 28/11/2014
Latvia’s gas utility expects monopoly loss after 2017 sector restructuring
Latvian gas utility Latvijas Gaze, possessed by Germany's E.ON and Russia's Gazprom, anticipates to lose its domination in a liberalization of the sector after 2017, according to its spokesman on Wednesday.
read more... 27/11/2014
LNG transporter Hoegh predicts challenging market until 2016-2017
Oslo-listed liquefied natural gas (LNG) transporter Hoegh LNG registered third-quarter profits below expectations on Wednesday and declared its market could continue to be tough for the next two to three years because of an oversupply of vessels.
read more... 27/11/2014
Eni obtained approval from Ghana for $6 billion offshore gas project
Ghana's government has given Italian energy company Eni the final approval to expand gas resources in the Offshore Cape Three Points (OCTP) block, likely to start production in 2017, it said on Monday.
read more... 25/11/2014