Latest news
Daily: British prompt gas prices slightly increase as export pipeline resumes
Crude oil futures increased for a fourth consecutive session on Thursday, boosting over $1 a barrel on hope that monetary stimulus measures from major central banks would stay in place for the time being.
read more... 28/06/2013
TAP has won the tender to carry gas to Europe
The Shah Deniz II consortium has announced yesterday that it has made the choice and selected the Trans Adriatic Pipeline to carry gas to Europe, defeating the Nabucco West consortium. TAP is expected that will transport more than 20 billion cubic meters per year of natural gas from the Shah Deniz II field in Azerbaijan, through Greece and Albania to Italy and further into Western Europe. Nabucco West and TAP were the only two bidders in the project to transport the Azerbaijani gas.
read more... 27/06/2013
CNPC started construction of China's first shale gas pipeline
China National Petroleum Corp., the country's largest oil and gas producer and supplier, has announced it has started work on the country’s first pipeline for shale gas transportation in Sichuan Province.
read more... 20/06/2013
Fluxys is considering taking a stake in TAP project
According to managing director at Fluxys, Walter Peeraer, the Belgian gas network operator is considering taking a share in the Trans Adriatic Pipeline Project. Fluxys may take part to the project if the Shah Deniz consortium decides whether it will carry gas to Italy (TAP) or to Austria (Nabucco WEST). In the case where TAP is selected, it is expected that Fluxys could join the project by August.
read more... 18/06/2013
Gazprom to cut gas prices for its European customers in 2013
The gas giant Gazprom announced it will cut pipeline gas prices for European clients this year amid strong competition from other natural gas suppliers and cash-strapped energy companies in Europe incapable to pay the old high prices listed in the long-term supply contracts.
read more... 06/06/2013