08282016Sun
Last update: Sun, 28 Aug 2016 01am

Europe

Markets - Energy - Europe

Russia, India to hold talks on gas supplies this month MOSCOW: Russian and Indian officials will hold talks on the direct supply of natural gas from Russia to India in New Delhi on 27-28 June, RIA News agency quoted Deputy Russian Energy Minister Yury Sentyurin as saying on Friday. Copyright Reuters, 2016 ...

Markets - Energy - Europe

Russia's Yamal LNG gets first 1bn Euro tranche from Russian banks MOSCOW: Russia's Novatek-led Yamal liquefied natural gas (LNG) project said on Friday it had received its first financing tranche of 1 billion Euros ($1.13 billion) from Russia's Sberbank and Gazprombank . Under the agreement, signed in April, the two banks will supply Yamal LNG with loans worth a total 3.6 billion Euros.The first tranche would help the $27 billion project start producing liquefied gas next year, as planned, the firm said in statement. Three LNG ...

Markets - Energy - Europe

Russia's Gazprom says exports to Austria up 20pc y/y MOSCOW: Russian natural gas producer Gazprom said on Friday its export volumes to Austria had increased by almost 20 percent on year-to-year from January 1 to June 9. Copyright Reuters, 2016 ...

Markets - Energy - Europe

BP wisely chooses growth over control in Norway MADRID: BP is wisely choosing growth over control in Norway. The UK oil major is teaming with Det norske and its main investor Aker to create the largest Norwegian independent oil firm in a $1.3 billion share deal. BP will have only a 30 percent stake in the Oslo-listed company, but matching its mature assets with Det norske's growing and efficient operations makes sense. Norway is a plum destination in the oil world because it ...

Markets - Energy - Europe

Argentina launches tender to buy 5 LNG cargoes MILAN: Argentina has launched a tender to purchase five liquefied natural gas (LNG) cargoes for delivery between June and August, trade sources said. Three of the cargoes are for delivery to Argentina's Bahia Blanca terminal and two are for the Escobar terminal located on the Parana River, one of the sources said. Copyright Reuters, 2016 ...

Markets - Energy - Europe

Russia's Gazprom says exports to Austria up 20pc MOSCOW: Russian natural gas producer Gazprom said on Friday its export volumes to Austria had increased by almost 20 percent on year-to-year from January 1 to June 9.Copyright Reuters, 2016 ...

Markets - Energy - Europe

Oil hits 2016 highs before turning lower on profit taking LONDON: Oil prices fell on Thursday as traders took profits after three sessions of gains and after reaching 2016 highs thanks to a fall in US crude inventories and supply disruptions. Brent crude oil futures were down 90 cents a barrel at $51.61 a barrel at 1316 GMT, after setting a 2016 high of $52.86. US crude was down by 91 cents at $50.32 after hitting a 2016 high at $51.67. A rebounding US dollar ...