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W.Europe

W.Europe
2016, July, 29, 18:55:00

BG LOSES MARKET

Nearly 400,000 UK households left British Gas in the first six months of this year, as the company found its market share being taken by independent energy suppliers.

W.Europe
2016, July, 27, 19:10:00

ПОЛЕЗНЫЙ ТУРЕЦКИЙ ПОТОК

«Турецкий поток» полностью отвечает интересам Турции, реализация данного проекта сделает поставки газа в эту страну более надежными и выгодными», - пояснил Александр Новак.

W.Europe
2016, July, 27, 18:55:00

TAP WILL RUN

The so-called TAP, which formally started construction in May, will run for 878 kilometers (550 miles) from Greece's border with Turkey, through Albania and to southern Italy, including a 105-kilometer (65-mile) stretch under the Adriatic Sea. First deliveries to Europe are expected in 2020.

W.Europe
2016, July, 27, 18:40:00

BRITAIN HAS CUT TO 90%

"We recognise that market conditions are currently very difficult but nevertheless we have a shared goal of making the basin as attractive as possible for exploration," Andy Samuel, chief executive of the OGA, said.

W.Europe
2016, July, 14, 19:01:00

BRITAIN'S RENEWABLE: 15%

Britain is on track to meet its 2020 European renewable energy target and its commitment will not be affected by the country's vote to leave the EU, government officials said.

W.Europe
2016, July, 8, 18:25:00

WBG: GLOBAL GROWTH DOWN TO 2.4%

The World Bank is downgrading its 2016 global growth forecast to 2.4 percent from the 2.9 percent pace projected in January. The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows.

W.Europe
2016, July, 8, 18:10:00

IMF HAS CZECH REPUBLIC

Economic activity is expected to decelerate in 2016. Higher disposable income and employment will boost private consumption, but growth will be affected by the slow start of investment projects financed by EU funds. As base effects from the oil price shock fade and domestic demand pressures build-up, inflation is expected to reach the 2-percent target in mid-2017. Over the medium-term, output growth is set to stabilize at around slightly above 2 percent in line with economy’s potential.

W.Europe
2016, July, 6, 18:35:00

BRITAIN PRICES UP

In the week ending Monday, the average UK pump price of unleaded gasoline (ULSP) was 111.65p/liter, up 0.21 p/liter week on week. The price of diesel (ULSD) was 112.86 p/liter, up 0.30 p/liter on the week.

W.Europe
2016, July, 6, 18:30:00

BRITAIN'S HEADLESS CHICKENS

WHILE politicians run around like headless chickens, the Bank of England, at least, is trying to stabilise the British economy. Within hours of the announcement of the EU referendum result, Mark Carney, the bank’s governor, reassured investors that the economy was sound. And on July 5th, through a piece of arcane but important financial regulation, the bank took the first real step to promote financial stability when it announced the relaxation of capital requirements for banks, in a bid to stave off a credit crunch.

W.Europe
2016, July, 6, 18:15:00

IMF WANT NORWAY

Directors emphasized the need for continuing structural reforms to support a successful transition and improve the efficiency of the economy. They saw merit in continued restraint in wage settlements and further reforms to reinvigorate productivity growth. Aligning public sector pensions with recent private sector reforms and reforms to sickness and disability pensions could increase labor force participation. Directors also saw scope for efficiency gains from reducing tax preferences for owner-occupied housing and relaxing supply restrictions in the housing market.

W.Europe
2016, July, 6, 18:00:00

ENI & CYPRUS COOPERATION

Eni is the operator of the giant Zohr field offshore Egypt, which is close to the boundary with Cyprus. It is due to start up in 2017, with domestic demand expected to account for some of the output.

W.Europe
2016, July, 4, 18:30:00

NORD STREAM 2: FOR SLOVAKIA

Gazprom will send some of the gas from its controversial Nord Stream 2 pipeline through Slovakia, the Russian state-controlled company said, in a move that may soften Slovak opposition to the project.

W.Europe
2016, July, 4, 18:25:00

GAZPROM - EUROPE: UP 14%

Gazprom's gas sales in Europe in the first half of 2016 rose by 14.2%, or 10.6 Bcm, compared with the same period of last year, Gazprom CEO Alexei Miller said Thursday, signaling a sharp slowdown in export growth in the second quarter of this year.

W.Europe
2016, July, 4, 18:20:00

RUSSIAN GAS TO SLOVAKIA

Eustream said June 30 that it welcomed assurances from Gazprom at the meetings that the Slovak and the Czech gas transmission systems will be used in long term even if NS2 is built. Eustream said also it “highly appreciates the understanding between both parties that the entry point from Ukraine to Slovakia shall remain fully functional even if NS2 is commissioned.”

W.Europe
2016, June, 30, 18:15:00

SHAH DENIZ: $24 BLN

72.4% of the overall scope of the work is done, which is ahead of schedule by about 2.5%. $12bn have been spent to date from total SD2 cost estimate of $24bn including an inflation rate for the period 2014-2020

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