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Norway intends to proceed with its plan to cut tariffs on gas pipeline, said the Oil and Energy Minister Ola Borten Moe. The cut triggered the reaction of those who invested in the pipelines, who asked for reductions to be scaled back. The Minister claimed that a 'U-turn' would be difficult. A scheduled...
Germany's Christian Democrats unveil their campaign platform later this month ahead of September's federal election, and energy policy is expected to feature prominently. The CDU-led coalition government has accelerated the country's push toward green energy during a period in which German industry has...
At a press conference, Lebanese caretaker Water and Energy Minister Gebran Bassil said natural gas offshore Lebanon is estimated at 30 trillion cubic feet (tcf). This amount of gas would be enough to meet the country’s modest demand for 200 years. Experts believe that Lebanon could have as much...
NOKE Share Capped at 5%, No Veto Rights A draft of Poland's oil and gas regulations has been submitted to the Prime Minister's office. The Head National Geologist and deputy minister for environment Piotr Woźniak and representatives of the Ministry of Finance announced the conclusion...
The UK-based Centrica, which owns British Gas, has acquired a 25% interest in the Bowland shale exploration licence in Lancashire from Cuadrilla Resources and AJ Lucas for £40 million in cash. Under the agreement, Centrica will then pay exploration and appraisal costs of up to £60 million.
The Trans Adriatic Pipeline (TAP), one of the two contenders for the final route of the "Southern Gas Corridor" by which Azerbaijani gas will be delivered to Europe, today issued a statement informing about its opportunities and the intention to bring gas to Europe from all available sources."TAP is...
The revenues from the South Stream pipeline will replenish the state budget of Bulgaria with over 600 million euro in taxes till the end of 2015, when the first supplies will be transited. This is the amount of the VAT that will have to be paid during the pipe, terminal and three compressors construction...
Romania has increased tariffs on underground natural gas storage, which will impact both consumer and industrial users. The decision by the National Department for Control in the Energy Field, controlled tariffs for underground natural gas storage services provided by Romgaz and GDF Suez's Depomures...
Ukraine has inched closer to signing a product sharing agreement with American giant Chevron after the local city councils of Lviv and Ivano-Frankivsk in western Ukraine received the deal's final text and set tentative voting dates for its approval, Energy Minister Eduard Stavitsky said on June 13. The...
BUILDING public confidence will be vital to developing unconventional gas resources such as shale, a Santos vice president has said. Martyn Eames, Santos vice president Asia Pacific, gave an address at the Asia Oil and Gas Conference in Kuala Lumpur on Tuesday, outlining the challenges facing the oil...
