Energy Market News Directory

Ukraine in Talks with Europe to Modernize and Maintain Gas Infrastructure

ITAR-TASS reported today that Kiev is in talks with European gas companies regarding a national gas consortium that would help Ukraine with its natural gas transportation system. Ukraine's parliament-appointed Minister of Energy and Coal Industry Yuriy Prodan told ITAR-TASS that he country has forwarded proposals to European gas companies, but that Kiev is not in talks with Moscow concerning the issue.

Nigeria Stays Local With Oil Contract Awards

Reuters reported today that Nigeria has awarded oil contracts worth roughly $40 billion a year to domestic oil companies. The contracts make up the majority of Nigeria's long-term oil contracts, and the move is in line with the country's policy to increase the role of local businesses in the oil industry, according to Reuters.

BC Reverses Environmental LNG Rules

The Vancouver Sun reported that a government decision to exempt 99 percent of provincially produced natural gas from environmental assessment was reversed by the Liberal government and British Columbia Environment Minister Mary Polak on Wednesday.