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2014-07-04 17:46:00

EUROPE: GAS COOPERATION

EUROPE: GAS COOPERATION

The Chambers of Commerce and Industry of Serbia, Hungary and Bulgaria yesterday made a multilateral commitment to greater cooperation on economic development and energy security.

At a Natural Gas Europe and IPM conference in Vienna, the three bodies issued a mutual statement in which they agreed to work together to convene a forum to coordinate energy policies to increase prosperity for the region. The proposed forum will be open to their respective members, governments and neighbours in the Central, Eastern and Southern European region. The Chambers have decided to name the forum the Danube Energy Initiative and a final agreement would be achieved in Budapest in September.

In the statement, the Chambers of Commerce settled to cooperate to guarantee better access to secure energy sources, ensure the liberalisation of the energy market and enable competitive pricing.

Zeljko Sertic, President of the Serbian Chamber of Commerce, said: "I am delighted that the Chambers of Commerce and Industry of Serbia, Hungary and Bulgaria yesterday signed a joint agreement committing to the creation of a new forum and I look forward to working closely with my colleagues in Hungary and Bulgaria on this project."

"This forum will work to coordinate between the governments, businesses and civil society organisations of our respective countries to ensure that we all have more coordinated energy policies, designed to create greater prosperity for all."

oilandgaseurasia.com

Tags: EUROPE, GAS, SERBIA, HUNGARY, BULGARIA

Chronicle:

EUROPE: GAS COOPERATION
November, 20, 09:05:00

INDIA'S GAS WILL UP

REUTERS - India’s natural gas consumption is expected to rise to 70 billion cubic metres (bcm) by 2022 and 100 bcm by 2030, according to a government think tank and the Oxford Institute of Energy Studies, up from 50 bcm now. India burns just 7 percent of what top user the United States consumes in a year with about a quarter of India’s population.

EUROPE: GAS COOPERATION
November, 20, 09:00:00

NORWAY SELLS OIL & GAS

Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to declining crude prices without its fund investing in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks.

EUROPE: GAS COOPERATION
November, 20, 08:55:00

OIL PRICES UP

WSJ - Light, sweet crude for December delivery rose $1.41, or 2.6%, to $56.55 a barrel on the New York Mercantile Exchange, snapping a three-session losing streak. Brent, the global benchmark, advanced $1.36, or 2.2%, to $62.72 a barrel.

EUROPE: GAS COOPERATION
November, 20, 08:50:00

U.S. RIGS UP 8 TO 915

U.S. Rig Count is up 327 rigs from last year's count of 588, with oil rigs up 267, gas rigs up 61, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 24 rigs from last year's count of 184, with oil rigs up 9 and gas rigs up 15.

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