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Supply & Demand

Nord Stream gas pipeline to be launched on 8 November

The Nord Stream offshore pipeline, which will deliver Russian gas to the European Union, is due to be officially opened on Tuesday.

7 November 2011
EU Energy Policy

European Parliament earmarks money for shale gas, wind and solar

The European Parliament voted last week to allocate €200,000 ($274,180) to fund shale gas pilot projects. The extra money was part of a series of amendments to the European Council’s draft 2012 budget.

7 November 2011
Exploration & Production

Norway invites companies to nominate blocks in Barents Sea

The Norwegian energy ministry this week invited oil and gas companies to nominate blocks that they want considered for the 22nd licensing round on the Norwegian continental shelf.

4 November 2011
Policy & Regulation

Lithuania to complete gas market unbundling by 2015

Lithuania hopes to complete the unbundling of its gas sector in late 2014 with Germany's E.On Ruhrgas continuing talks on the restructure of national gas utility Lietuvos Dujos.

4 November 2011
Supply & Demand

Italy’s precarious position

The GreenStream pipeline’s full return on Thursday actually had little effect on the already oversupplied Italian gas market. Still, the link’s prolonged closure highlighted the risk Italy runs ev

4 November 2011
EU Energy Policy

ENTSOG to begin work on network codes

The European Network of Transmission System Operators for Gas (ENTSOG) expects to receive the green light from the European Commission this week to start working out EU-wide network codes for gas balancing, the organisation told a workshop in Brussels last week.

3 November 2011
EU Energy Policy

EC to push through transparency rules on IGAs by 2012

The European Commission aims to have put into force new rules that increase transparency on energy-related, intergovernmental agreements (IGA) between member states and third countries by the first half of next year.

3 November 2011
LNG

Romania will support fifth partner for Black Sea AGRI LNG

Following a bilateral summit between Serbian President Boris Tadic and his Romanian counterpart Traian Basescu in Belgrade this week it has emerged that the former may be about to join the Azerbaijan- Georgia-Romania-Interconnection (AGRI) LNG project.

3 November 2011
LNG

Ukraine’s LNG project seeks investors

Ukraine is looking for new investors for its planned LNG import terminal, which is facing a number of challenges due the country’s uncertain investment climate.

2 November 2011
Exploration & Production

Fracking likely cause of UK tremors

Hydraulic fracturing likely caused the tremors reported in Lancashire, UK, earlier this year, an independent report published on Wednesday concluded.

2 November 2011
Pipelines, Storage & Power

IEA urges Greece to invest in storage facilities

Greece should continue to encourage the development of gas storage capacity to add more flexibility to its gas system in case of a supply crisis, the International Energy Agency (IEA) said in a report, Energy Policies of IEA Countries: Greece 2011 Review, published last week.

1 November 2011
EU Energy Policy

Commission to weigh in the European CRM debate

The European Commission will act next year to prevent any setback to the creation of the EU internal energy market caused by the diverging capacity remuneration mechanisms (CRMs) that some member states are planning to introduce in their electricity markets, a senior Commission official said Monday.

31 October 2011
Exploration & Production

Ireland’s Corrib project muddles through despite protests

Royal Dutch Shell’s Corrib project will be able to meet half of Ireland’s gas demand - albeit nearly 10 years behind schedule.

31 October 2011
Exploration & Production

GDF Suez signs two deals with China

French energy major GDF Suez said on Monday that it had signed deals with China Investment Corporation (CIC) and China National Offshore Oil Corp. (CNOOC), as part of its strategy to bolster its position in China and the Asia-Pacific region.

31 October 2011
Companies & Finance

Nord Stream agrees re-pricing arrangements with banks

Nord Stream has agreed re-pricing arrangements with the 24 banks lending to the €3.9 billion ($5.5 billion) Phase I project finance facilities originally closed in March 2010.

28 October 2011
Companies & Finance

European Investment Bank considers $567.9 mln loan for Italian projects

The European Investment Bank (EIB) is mulling over a €400 million ($567.9 million) loan for the construction of two gas pipelines and an interconnector terminal in Italy.

28 October 2011
Exploration & Production

Polish GTL refinery could be in place by 2020

Polish state gas firm PGNiG is seeking a partner to help develop a new multi-billion dollar gas processing facility to refine production from the country's huge projected unconventional reserves.

28 October 2011
Companies & Finance

Total posts Q3 net income rise of 24%

French oil major Total said on Friday that its net income rose 24% in the third quarter of 2011 on the back of higher oil prices and improved operational performance in refining.

28 October 2011
Companies & Finance

Majors weather storm amid uncertainty

In a busy week for company earnings results, Shell came out as one of the winners after beating analysts’ expectations with a juicy $7.2 billion quarterly net profit – a 106% increase on the same quarter last year.

28 October 2011
Exploration & Production

Libya’s return to full oil and gas production could take a year

Although international oil firms are starting to move back into Libya, it could take up to a year for oil and gas production to reach pre-crisis levels.

27 October 2011

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