Latest news
Ukraine and Chevron to collaborate in developing shale gas
Ukraine's government has approved on Tuesday a Production Sharing Agreement (PSA) with Chevron Corp. to explore and develop shale-gas deposits in the Lviv region. The objective is to reduce reliance on Russian gas as they thought that the price they pay for Russian gas is too high. The PSA would be signed on November 5 on the sidelines of an international economic forum in Kyiv.
read more... 31/10/2013
South Stream pipeline project - one of the most ambitious infrastructure projects
Russia is currently one of the most important commercial energy partners for Europe, and has always represented a certain and constant supply of gas for many European countries. At present, an important project combines the interests of both Russia and Europe- the South Stream project. Officially, the South Stream is a method for Russia to improve the reliability of its gas supplies to Europe, its largest export market. It will reach this objective by redirecting Russian gas supplies to Europe.
read more... 30/10/2013
Daily: British spot gas increase slightly on short system
British spot gas prices recorded a slow increase on Tuesday morning as the gas system was undersupplied following weaker imports from Norway and continental Europe and gas was withdrawn from the storage.
read more... 30/10/2013
China to double natural gas consumption by 2015
The Chinese government has announced last month a new plan which deals with the air pollution problem. China intends to reduce the consumption of fossil fuels in its energy mix to below 65% by 2017, while in 2012 it recorded 66.8%.
read more... 30/10/2013
Singapore eyes becoming Asia’s LNG hub
Singapore eyes becoming Asia’s new liquefied natural gas (LNG) trading hub, with the city hoping to take the lead in the region. Moreover, it is taking steps to make this dream come true by the end of the year.
read more... 29/10/2013