February 2015

Things are not any easier for the natural gas business in Europe at the beginning of 2015, but in a session dedicated to new customers and new markets, industry representatives gathered in Vienna, Austria at the European Gas Conference offered their views on how gas might regain its position amid the numerous challenges.

Amid the military escalation in Eastern Ukraine, the geopolitical arm-wrestling between Brussels and Moscow, and its impact on natural gas matters, can only get more complicated.

New natural gas pipeline project from Russia to Turkey, the Turkish Stream, is the only option on the table at present for Russia, say experts.

The Managing Director of Bank Mellat, Iran’s biggest private bank, has announced that the institution will invest $7 billion in the development of South Pars gas field, Iran’s largest resource holding some 30 percent of the country’s total proved gas reserves.

The Scandinavian country is one of the wealthiest nations in the world, thanks to 40 years of North Sea oil production. The global financial crisis barely registered amid decades of almost nonstop growth.

Low oil prices to hurt Canadian banks more than U.S. counterparts

Judge rejects BP attempt to lessen fines for Gulf oil spill

Plunging sales to Europe and falling energy prices are not only sapping the revenue of Russia's top natural gas producer Gazprom but also depriving the country's budget of much-needed funds.

Europe is luring twice as many liquefied natural gas (LNG) tankers as last year and more are expected in what is now the premium-priced market after a year-long demand slump in Asia.

Natural gas prices are surging in their biggest move in a week as severely cold weather boosts demand and pushes prices to a three-week high.