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The third and fourth sections of Russia’s “South Stream” will be completed by 2018. However, supranational structures in Brussels and their representatives in Berlin still cannot set forth a predictable and unified position on this project of undisputed geopolitical importance. ...
The European Union intends to examine concerns about hydraulic fracturing to mine shale gas, Energy Commissioner Gunther Oettinger has said. The Commissioner made the comments in an interview with German newspaper Die Welt, and on the eve of a major hydrocarbon energy conference in Brussels. Oettinger...
Ukraine has challeged Russia to sue if it continues its allegations that Ukraine is illegally obtaining gas from sources other than its contract with Gazprom, the Russian state gas provider. Naftogaz, the national gas and oil company, does not break any law in buying natural gas from Europe, a senior...
Poland, Hungary, Italy, Germany and other European states are negotiating use of Ukraine's underground gas storage facilities. This was announced by Ukraine's Minister of Energy and Coal Eduard Stavitsky at a press conference in Kyiv. The Kyiv Post reported that the minister...
The rewards of shale gas are starting to outweigh the potential risks of getting the energy source out of the ground for a number of European countries. Reserves of the gas are now thought to be much larger in some states than previously estimated. In others, there is growing concern over the dominance...
Russia's Gazprom has entered a sponsorship agreement with Germany's Volkswagen Motorsport which will promote and publicise vehicles powered by compressed natural gas (CNG). Under the deal announced in Hannover, Germany, by Gazprom chairman Viktor Zubkov, subsidiary Gazprom Germania GmbH will become...
Germany could lose its competitive edge in energy generation if it is too quick to reject hydraulic fracturing as an extractive method, European Union Energy Commissioner Guenther Oettinger told a German newspaper. "I advise Germany not to give its final 'no' to fracking. Otherwise it will lose important...
Hungarian state-owned energy group MVM Zrt is to buy Hungarian natural gas units from Germany's E.ON AG. The transaction price is €870 million ($1.11 billion). The transaction includes a natural gas storage and E.ON's local natural gas trade company, and is set to close in the second half...
50-50 partners in the Becklingen field, RWE Dea and EMPG, have successfully added to the German field with the completion and successful flow of the Becklingen-Z2 well. The Becklingen field has been in production since 1986. The well, which was drilled to its target depth of 4,950 metres...
German utility E.ON has today credited the renegotiation of gas contracts last year for an increase in earnings in 2012. In the 2012 financial year, earnings before interest, taxes, depreciation, and amortization (EBITDA) for the company increased by €1.5 billion on 2011, bring the total...
