Scotland Launches Consultation on Fracking
Scotland has launched a consultation on whether to allow unconventional oil and gas extraction such as fracking, its government said on Tuesday, with a vote expected at the end of the year. Substantial amounts of shale gas are estimated to be trapped in underground rocks and the British…
Croatia to Cut Household Gas Prices by 18% from April
Croatia has reduced annual natural gas prices for households by an average 18 percent from April due to a fall in wholesale prices on the European market, it said on Wednesday. The reduction, already cleared by the country's energy regulator, also means Croatian oil and gas group INA…
Azeris to Keep BP as Core Partner for Main Gas Field
Azerbaijan will keep BP as the core partner for its biggest gas development for many more decades, a senior official said on Wednesday in a move that will boost the oil major's growth prospects and allay fears over its future in the country. BP has been at the forefront of the Azeri oil and gas industry since the collapse of the Soviet Union.
Croatia Awards 10 Adriatic Oil & Gas Licenses
OMV, Marathon Oil consortium wins seven licenses; Croatia hopes exploration will help drive growth. A consortium of Houston-based Marathon Oil and Austria's OMV won seven of 10 licenses awarded on Friday to explore for oil and gas off Croatia's Adriatic coast, part of a bid by the ex-Yugoslav republic to become a regional energy hub.
Scottish Power, Egdon Give Go-Ahead to UK Shale Gas Project
Scottish Power, owned by Spain's Iberdrola, and Egdon Resources have decided to move ahead with a joint project to explore and develop shale gas in Britain, after seismic data showed the potential for reserves. Britain is counting on the development of shale gas to help lessen its increasing dependence on imports as North Sea output declines.
EU: Baltic States Must Compensate Poland for Gasline
The Baltic countries will have to compensate Poland for building a gas pipeline to link their isolated gas markets with the rest of Europe, the EU's energy agency said on Monday. The overall economic benefits of the gas link from Poland to Lithuania are twice as high as its costs, but Poland would bear the brunt of the costs while Lithuania…
Ukraine Stockpiling Gas, Counteracting Supply Cut
Ukraine's stored gas reserves are sufficient to help meet domestic needs well into the winter months should Russia cut supplies as authorities step up efforts to rebuild inventories. To prepare for any potential disruption, Ukraine's gas transit monopoly Ukrtransgas is packing 850 million cubic metres of gas per week into underground storage sites…
EU Struggles to Unpick the Knot of Russia-Ukraine Gas Logistics
Unprecedented talks across the European Union on Tuesday showed it scrambling for solutions on the ground to break its dependence on Russian gas and help supply Ukraine. The EU faces a daunting task in quickly overcoming a mountain of logistical challenges, avoiding breaking binding contracts and making sure Ukraine does pay up for gas.
Malaysia to Raise Natural Gas Price
Gas Malaysia Bhd , the country's sole supplier of natural gas to the non-power sector, said on Friday it has obtained government approval to raise the natural gas tariff in peninsular Malaysia from May 1. The tariff adjustment follows a 14.89 percent rise in electricity charges announced…
