Brent crude fell on Tuesday, but the losses were capped by continued worries about the intensification of conflicts in Eastern Ukraine, that could trigger further Western sanctions against Russia and cut supplies. WTI crude oil also declined on Tuesday ahead of figures that should indicate that stockpiles in the U.S. were close to hit record highs. The unequal decrease of West Texas Intermediate crude futures drove to the widening of the Brent-WTI spread by more than a dollar.
read more... 23/04/2014
Cyprus has obtained four offers to provide the island with natural gas, a provisional solution for electricity generation before its own reserves appear, as stated on Monday by state company DEFA.
read more... 15/04/2014
Europe’s reliance on Russian gas supplies might be reduced with the help of Spain’s complex gas infrastructure at the time when the plans to transport gas across the Pyrenees will turn into reality, as stated on Thursday by Antoni Peris, the chairman of the Spanish gas association.
read more... 28/03/2014
Global liquefied natural gas (LNG) markets would be tightened by disruptions to Russian gas supplies via Ukraine since southern Europe should compete with Asia for LNG in order to satisfy demand, according to Wood Mackenzie consultancy on Monday.
read more... 25/03/2014
Italy-based SNAM, one of Europe’s major gas transport companies, is prepared to convey imported gas to Eastern Europe starting from 2015 due to a new gas stream infrastructure, taking into consideration that Russian gas supplies to Europe are being threatened by the increasing crisis over Ukraine.
read more... 20/03/2014