Subscribe to our free daily newsletters
  Energy News  




Subscribe to our free daily newsletters



ENERGY TECH
Russia's Gazprom sells more gas to Europe

disclaimer: image is for illustration purposes only
by Staff Writers
Moscow (UPI) May 11, 2011
Gazprom's natural gas exports to Europe are growing rapidly, the company said.

Gas deliveries by the Russian state-controlled energy giant to European customers in April increased 20.5 percent over the same period last year, and volumes are expected to remain steadily high, Gazprom Chief Executive Officer Alexei Miller said this week.

"Gazprom's gas export volumes this May are virtually matching its winter volumes," Miller was quoted as saying by Russian news agency RIA Novosti. "The request for today's supplies is almost 500 million cubic meters. The volumes of gas supplies are increasing along with the demand for gas in Europe."

Gazprom last week finished the first leg of the 760-mile Nord Stream pipeline, designed to move up to 55 billion cubic meters of natural gas to Western Europe, enough to meet the demands of 25 million homes.

The pipeline, which is a major boost for Russian gas sales in Europe, could start delivering before the end of this year, said the companies involved, which apart from Gazprom include Eon Ruhrgas and BASF/Wintershall from Germany, Gasunie from the Netherlands and GDF Suez from France.

Laid through the Baltic Sea, Nord Stream is linking Russian gas fields with a seaport in Germany, a longtime Gazprom customer that may even increase its imports in the future.

German Chancellor Angela Merkel has announced plans to drop nuclear power production as soon as possible and as an alternative mentioned plans to build modern gas-fired power stations.

Miller in remarks last month was jubilant about the European natural gas market, saying it was "skyrocketing."

"This April, for instance, we are going to export more gas than in some of the winter months, and by December gas is expected to cost around $500 under our long-term contracts," Miller said in a statement posted on the Gazprom Web site. "I believe these are not the last record figures for this year."

The world's largest natural gas producer, Gazprom last month reported record earnings that trumped even those of ExxonMobil and Chevron, citing high oil prices (which in European long-term contracts determine the gas price) and a spike in demand. At the same time, Gazprom gradually raised prices at home to increase profits and reduce gas waste.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Powering The World in the 21st Century at Energy-Daily.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


ENERGY TECH
Norway's DNO says to finally be paid for Kurdish oil exports
Oslo (AFP) May 11, 2011
Norwegian oil firm DNO, among the first to operate in Iraq after the fall of Saddam Hussein, said Wednesday it would finally receive payment for crude oil exports from the Kurdish area of Iraq. The overdue payment is made possible by a recent agreement between Baghdad and Kurdish authorities. "A first cash advance to DNO of 110 million dollars has now been confirmed by the Kurdistan Regi ... read more







ENERGY TECH
Power shortages hit Venezuela again

Direct Air Capture of CO2 with Chemicals

China facing electricity shortages

Australians turning off carbon tax: poll

ENERGY TECH
Gulf states seek high-tech oil boost

Hanoi rebuffs China comments on island vote

Russia's Gazprom sells more gas to Europe

Deepwater Horizon Spill Threatens More Species Than Legally Protected

ENERGY TECH
Evolutionary lessons for wind farm efficiency

Global warming won't harm wind energy production, climate models predict

Study: Warming won't lessen wind energy

Mortenson Construction to Build its 100th Wind Project

ENERGY TECH
Clear Skies Sign 162KW Contract

SunPower to Build Solar Power Systems for Rancho California Water District

American Vision Brings New 'Light' to Solar Energy

Pairing Quantum Dots with Fullerenes for Nanoscale Photovoltaics

ENERGY TECH
Japan starts shutting down Hamaoka nuclear reactor

Japan shelves nuclear power expansion

Philippine nuclear plant to become tourist site

EU nuclear safety testing row in meltdown

ENERGY TECH
Joule Secures First of Multiple Sites to Host Solar Fuel Production

DoD Contracts for Advanced Biofuels Can Spur Technology Deployment

Ontario Government Selects Rentech's New Renewable Jet Fuel Project

GreenField Ethanol announces the launch of G2Biochem

ENERGY TECH
Top Chinese scientists honored with naming of minor planets

China sees smooth preparation for launch of unmanned module

China to attempt first space rendezvous

Countdown begins for Chineses space station program

ENERGY TECH
Chemistry curbs spreading of carbon dioxide

US, China must ensure climate success: Clinton

Effects of climate change in the Arctic more extensive than expected

After a three-decade hiatus, sea-level rise may return to the West Coast


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement