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At a recent conference, Polish Prime Minister Donald Tusk declared that foreign oil and gas companies that are ready to invest in Poland can expect a stable economic environment, predictable legal conditions and friendly public opinion. “To those who want to cooperate with us on shale gas...
The cost of liquefied natural gas has surged to within a whisker of its all-time high in the critical Asian spot market as Japan bids for cargos of gas to offset the loss of nuclear power and supplies decline after a terror attack in Yemen. The rally is set to continue, with Singapore-based traders...
The Ukrainian gas transportation system (GTS) remains the most reliable and cheapest gas transit route to Europe, despite the construction of the Nord Stream and South Stream gas pipelines, said Ukraine's Prime Minister Mykola Azarov. "Neither Nord, nor South Streams offer any alternative to our GTS.
Shale gas was all the rage in European energy circles last year, but yet another blow has been dealt to energy companies hoping to strike it big as the Czech Republic mulls joining France, Bulgaria and Romania in banning shale gas exploration. In response to a petition that garnered the support of 50,000...
European funding for the prospective Trans-Caspian gas pipeline may include the European Investment Bank (EIB). Speaking to the Trend news agency, an unnamed source within the European Commission said that a number of financial institutions may be involved in the financing. "The European Financial...
Belgian gas company Fluxys and Italy's gas pipeline operator Snam have said that both companies will take a stake in E.ON's UK-pipeline Interconnector for €127 million. Through the agreement, the companies will take a 15.09 per cent stake in the underwater gas pipeline. "Today's announcement represents...
Gazprom has announced that it is on track with the South Stream project on the Bulgarian section of the pipeline. The announcement comes following a meeting at Gazprom's headquarters yesterday between CEO of Gazprom Alexey Miller and Bulgarian Minister for Energy Delyan Dobrev. A statement from...
A construction of South Stream is economically disadvantageous as for Ukraine as well as Russia. The Prime Minister of Ukraine Mykola Azarov disclosed this during a conference "Ukraine and the EU - what kind of future is?" which took place at the European Parliament in Brussels. He said to build South...
The Nabucco pipline project today submitted a revised proposal to the Shah Deniz II Consortium for the construction of the “Nabucco West” pipeline. The modified concept of the original "base case" for the Nabucco project, foresees the construction of a 1,300 km pipeline running from the...
The market is going to get tighter and tighter starting second half of this year given the slow-down of new LNG coming into the market. Only 48 million tons of new capacity will come online between now and 2014, which is not enough to offset the growing Asian LNG demand. As a result, countries heavily...
