Gas prices could more than double in 2016-17

In an indication that gas prices may more than double in the next three years, global brokerages and banks have estimated that natural gas prices in India may jump to $10 per million British thermal unit (mmBtu) by 2017, three years after the ...

Policy paper: Small Business Energy Working Group Communique

By HM Government

The Small Business Energy Working Group was convened by Number 10 and the Department for Energy and Climate Change to ensure that micro business consumers can benefit from a market that is fair and transparent.

The members of the Group, included Energy UK, the Federation of Small Businesses, the Forum for Private Business, Consumer Futures, Ofgem, and energy supplier and third party intermediary representatives.

The Working Group will look at ways for improving the transparency and fairness of the energy markets for small businesses, maintaining a forum where new issues can be raised and discussed constructively.

BASF, Gazprom Sign Asset Swap Agreement

German BASF and Russian Gazprom have signed the final agreement to swap assets of equivalent value. The transaction is to be completed in mid-2014 and is to become economically effective retroactively to April 1, 2013, according to a media ...

UPDATE 1-Gazprom, Shell agree on Sakhalin-2 LNG plant expansion

Gazprom long opposed the idea of constructing a third line, or train, at the plant on the northwest Pacific island of Sakhalin, the only operational LNG plant in Russia, which produces 10 million tonnes of the frozen gas a year. Gazprom cited ...

Raymond Weil is timing partner of The SSE

In addition, the watch company unveiled extensive digital display advertising throughout the venue and celebrated ... that we have secured over the past six months following London's iconic music venue - The Royal Albert Hall. We are sure that our ...

Gazprom, Shell agree on Sakhalin-2 LNG plant expansion

... natural gas producer Gazprom approved on Monday an expansion of the Sakhalin-2 liquefied natural gas (LNG) plant it co-runs with Royal Dutch Shell (Xetra: R6C1.DE - news) , bending to pressure from its Anglo-Dutch partner. Gazprom long opposed the ...

Natural Gas Futures Rally on Forecast for Sustained Cold Spell

NEW YORK--Natural gas futures climbed to a roughly 2 1/2 year high Monday, before paring some of those gains as weather forecasts called for the return of frigid temperatures in key regions of the country, potentially bolstering near-term demand ...

EDF Renewable Energy Places Firm Order for 220 MW of Wind Turbine Generators with Vestas

EDF Renewable Energy has placed a firm order with Vestas for 220 megawatts (MW) of V100-2.0 MW wind turbine generators. The order is part of the Master Supply Agreement (MSA) announced in September 2013. The most recent order brings the firm ...

Former BP geologist: Peak oil is here and it will ‘break economies’

These trends are expected to continue… Crude oil production is heavily concentrated in a small number of countries and a small number ... continuous recession in much of the world may keep demand essentially flat for years at the $110/bbl ...

uSwitch comments on npower agreement to pay £3.5million to vulnerable consumers

home telephone, broadband, digital television, mobile phones and personal finance products including mortgages, credit cards, current accounts and insurance. In 2010 uSwitch celebrated ten years of saving customers money. uSwitch is the first comparison ...

UK GAS-Prompt sags on supply surge, mild weather

LONDON, Dec 23 (Reuters) - British prompt gas prices fell on Monday as above-average temperatures weighed on demand, while strong flows from Norway and imports from Belgium kept the system well supplied. Day-ahead gas prices shed 0.70 pence to 67.20 pence ...

Essential industry insights

RES will construct the plant – its 18th renewable energy project in Texas, under a balance of plant agreement. Construction of the 200MW project is expected to begin in time to qualify for the production tax credit, and it is expected to reach completion ...

BASF and Gazprom sign oil and gas asset swap agreement

Wintershall, a 100% subsidiary of BASF, receives 25% plus one share of the blocks IV and V in the ... This is equivalent to a total of 2.4 billion barrel of oil equivalent. An annual plateau production of at least 8 billion cubic meters of natural gas ...

Npower to pay £3.5m after breaching rules

Energy giant Npower, which last month confirmed plans to cut almost 1,000 jobs in the West Midlands, has agreed to pay £3.5m for breaching energy sales rules. Regulator Ofgem imposed the penalty after finding that the company had breached rules governing ...

Firm has 50 jobs going in Sunderland, but no takers – do you want to apply?

A COMPANY owner hoping to employ workers from crisis-hit npower today told how he is struggling to give 50 jobs away. Despite the current economic climate, Andrew Maddison says he is hitting brick walls when it comes to filling the 50-plus positions he has ...

Gas in New York Surges to Highest Intraday Price in Two Years

Natural gas rose to the highest level in more than two years in New York as U.S. inventories declined amid lower temperatures. Investors increased bets on rising prices. Futures for January delivery climbed as much as 2.6 percent to $4.532 per ...

Thief may have serious injuries

Inspector Donald Jenks, at Levenmouth Police Station, said: “Investigations by Scottish Power has found attempts had been made to cut through an 11,000 volt mains cable which subsequently shorted out, causing an explosion and a failure of the supply.

UK to Launch Fracking Bonanza

This article was written by Oilprice.com, the leading provider of energy news in the world. The British government is preparing to offer up fracking licenses across some two-thirds of the UK's entire territory for shale oil and gas exploration ...

SSE checks abnormal moves

The Shanghai Stock Exchange (SSE) announced Sunday a preliminary finding of a check into the abnormal stock transactions which caused the share prices of several Chinese banks to plummet dramatically a few minutes before trading closed Friday, and said it ...

Natural gas futures - weekly outlook: December 23 - 27

Investing.com U.S. natural gas futures edged lower on Friday, as investors cashed out of the market to lock in gains from a recent rally which took prices to the highest level in more than two years. On the New York Mercantile Exchange, natural gas futures ...