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Tag Archives: gas

Jordan to develop its 1st landfill gas to energy recovery system worth of $13m

AMMAN: Jordan’s Greater Amman Municipality will use a US$13 million loan from the European Bank for Reconstruction and Development (EBRD) to develop the country’s first landfill gas-to-energy recovery system. The EBRD is co-financing the loan with US$5 million from the Bank’s Green Energy Special Fund (GESF). The main donor to the GESF is the Taiwanese International Cooperation and Development Fund ... Read More »

Hungarian Vehicle gas prices expects to rise over 5% in coming days

BUDAPEST: Vehicle gas prices in Hungary increased by HUF 3 per liter last week and are expected to rise further by HUF 2-3 on Wednesday, economy research institute GKI Gazdaságkutató Zrt. reported today. International news agency Reuters noted that in the Mediterranean market zones vehicle gas prices are expected to rise to HUF 392 per liter, while heavy oil prices ... Read More »

Average price of gas imported into Germany in March stands at Eur22.40/MWh per terajoule

BERLIN: The average price of gas imported into Germany in March was Eur22.40/MWh, or Eur6,224.89 per terajoule, according to German customs agency BAFA Tuesday. The price was up 3.6% from February, but down 11.1% from March last year. It was slightly above the average NCG day-ahead spot gas price recorded by Platts for March, of Eur21.925/MWh. The price was almost exactly ... Read More »

Russia foreign minister urges EU to support gas pipeline crossing Turkey

ANKARA: Russia’s foreign minister has urged the European Union to support the idea of a Moscow-backed pipeline that would bring natural gas across the Black Sea to Turkey and the rest of Europe. Sergei Lavrov said Friday the pipeline — which could include Greece, Macedonia, Serbia and Hungary — would bring “energy stability” to Europe. Greece’s left-wing government has expressed ... Read More »

Russia foreign minister urges EU to support gas pipeline crossing Turkey

ANKARA: Russia’s foreign minister has urged the European Union to support the idea of a Moscow-backed pipeline that would bring natural gas across the Black Sea to Turkey and the rest of Europe. Sergei Lavrov said Friday the pipeline — which could include Greece, Macedonia, Serbia and Hungary — would bring “energy stability” to Europe. Greece’s left-wing government has expressed ... Read More »

Norway gas export to Europe reaches 276mcm, flows to UK drop by 17mcm

OSLO: Norwegian gas exports to Europe fell from last Friday due to lower deliveries to Britain, while production capacity was reduced due to longer than planned maintenance. Pipeline flows were running at a rate of 276 million cubic metres (mcm) per day by 0830 GMT, down 18 mcm from volumes delivered on Friday, data from the gas system operator showed. ... Read More »

UK Gas spends £50m on service staff to stop customer defection

LONDON: British Gas is hiring more than 350 service staff and has pledged to spend £50m to make life easier for its customers after more than 300,000 of them defected last year. The UK’s biggest household energy supplier said it would recruit the new staff immediately in Manchester, Leeds, Cardiff and Edinburgh. Centrica, British Gas’s parent, said the extra spending ... Read More »

Iran gas exports increase 1.4m cubic meters in 2014

TEHRAN: Iran’s gas exports have increased by more than one million cubic meters (mcm) during the first 11 months of the previous Iranian calendar year (ended March 20, 2015) compared to the corresponding period a year before. According to Petroleum Ministry’s SHANA news agency, the country exported 26.8 mcm natural gas during the aforesaid period. The figure showed a year-on-year ... Read More »

Greece’s vertical gas corridor to complete by the end of 2018

ATHENS: The Greece, Bulgaria and Romania agreed on the construction of a gas interconnection grid, which is scheduled to begin on March 2016 and completed by the end of 2018. According to Bulgarian Energy Minister Temenuzhka Petkova, the three Ministers’ talks were focused on the prospective construction of the so-called “Vertical Gas Corridor,” linking gas grids of the three European ... Read More »

Poland’s PGNiG gas to offer discounts to largest clients from 1st May 2015

WARSAW: Poland’s natural gas giant PGNiG is launching a program of rebates for natural gas for its strategic clients in order to reduce orders decline, PGNIG CEO Mariusz Zawisza said. PGNiG is not afraid to compete for the market and considers market liberalization inevitable, hence it is necessary to take steps now, Zawisza said. The company is adapting its offer ... Read More »

European Union plans to file formal antitrust charges against Russia’s OAO Gazprom

BERLIN: The European Union plans to file formal antitrust charges against the bloc’s largest gas supplier, Russia’s OAO Gazprom, said people familiar with the matter, a move set to escalate the standoff between Europe and Moscow. The charges jump-start a case against the state-controlled energy company, which the EU has long suspected of abusing its dominant position in some eastern ... Read More »

Turkey inaugurates $10b project to supply Azeri gas to Western markets

ANKARA: Turkey inaugurated a $10 billion project to pipe Azeri gas to Western markets, forging ahead with a plan that could help Europe reduce its dependence on Russian energy even as Moscow touts its own alternative. The Trans-Anatolian gas pipeline (TANAP) aims to carry 16 billion cubic meters of gas a year by mid-2018 from Azerbaijan’s Shah Deniz II field ... Read More »

New British Gas boss Mark Hodges can earn up to £3.75 million on good performance

LONDON: British Gas has appointed an industry outsider who could be paid as much as £3.75m if he succeeds in turning around the retail business. Mark Hodges could earn twice his annual £625,000 salary if he outperforms in his job as managing director. He is also in line for a long-term incentive plan worth three times his basic salary. The ... Read More »

Greece imports 65% of natural gas from Russia

ATHENS: The Greece’s Prime Minister Tsipras said  that “Greece imports around 65% of its natural gas from Russia, we intend to deepen energy cooperation with Moscow”. The Russian government is also willing to discuss with Greece the possibility of a loan and a discount on the price of gas, according to a Sputnik report. Greece Prime Minister Alexis Tsipras visiting Moscow ... Read More »

Interconnector sets gas sale terms: Pipeline can export 20bcm/year to Belgium, import 25.5bcm/year to Britain

BRUSSELS: Interconnector UK, operator of the gas link between Britain and Belgium, set terms for the first sales of pipeline capacity starting from 2018 until late in 2029, according to a statement. Gas shippers will be able to buy up to 80 percent of the link’s long-term capacity, with the remainder set aside for short-term sales, said the company, a ... Read More »

UK likely to import more gas from Qata: Stephen Lovegrove

DOHA: The UK is likely to import more gas from Qatar, UK Department for Energy and Climate Change permanent secretary Stephen Lovegrove said. “We will import as much gas as we need, particularly from Qatar and Norway, who are our key sources. It may well be that over a period of time we will need more gas as coal-fired power ... Read More »

Moscow, Ankara agree 10.25% discount on gas supply to Turkey

ANKARA: Russia’s Gazprom and Turkish pipeline company Botas have agreed a 10.25 percent discount on Russian gas supplied to Turkey, said Turkish Minister of Energy and Natural Resources Taner Yildiz. The documents on the discount haven’t yet been signed, but that’s a technical detail. The main thing is that we have agreed, and the signatures are on their way,” said ... Read More »

Vietnam, Venezuela to boost cooperation in oil, gas, agricultural projects

HANOI: Venezuelan Vice President Elias Jose Jaua Milano has affirmed his country’s commitment to making it easier, in terms of conditions and financial support, for joint oil and gas and agricultural projects with Vietnam. The affirmation came after Prime Minister Nguyen Tan Dung raised difficulties facing Vietnamese investments, particularly in the oil and gas industry, in Venezuela, at his reception for ... Read More »

Norwegian pipeline gas exports touch 323mcm/day to Europe

OSLO: Norwegian exports of natural gas to Europe rose on Monday from last Friday on higher deliveries to Germany while flows to Britain remained broadly steady, data from gas system operator Gassco showed. Total pipeline flows from Norway to Europe were running at 323 mcm/day by 0900 GMT, below this winter’s peak of 357 mcm hit on Feb. 12. Deliveries ... Read More »

Russia’s Gazprom agree to reduce import gas price by 10.25% for BOTAS

ANKARA: Russia’s Gazprom has agreed to a 10.25% import gas price reduction for the Turkish incumbent BOTAS, but negotiations for the price paid by private importers are still ongoing, shippers said. The discount will be enforced from 1 March and is part of a price review that BOTAS is entitled to have under its import agreement with BOTAS, the sources ... Read More »