Gazprom Signs Deals with the EU’s Biggest Energy Companies
Posted onAt the Eastern Economic Forum in September, Gazprom, the world’s largest extractor of natural gas, signed three major deals with some of the EU’s biggest energy companies.
At the Eastern Economic Forum in September, Gazprom, the world’s largest extractor of natural gas, signed three major deals with some of the EU’s biggest energy companies.
An innovative project, The ‘SeaGas’ scheme, is underway in the north east of England aimed at creating biomethane from seaweed. The conversion of seaweed to biogas via anaerobic digestion could enable the UK’s seabed to become a long-term source of environmentally friendly fuel. The ‘SeaGas’ scheme is being supported to the tune of nearly £3 million by the Industrial Biotechnology Catalyst, which helps UK companies to bring their biotechnology innovations to market.
Gazprom, the energy group controlled by the Russian state, has been embroiled in disputes over both contracts and supplies this summer.
A report commissioned by the Environmental Defense Fund (EDF), a non-profit organisation, has found that leaks from natural gas and oil production on federal or tribal land in the USA in 2013 produced the equivalent in greenhouse gases of 5.6 million cars.
After a torrid 2014, the UK’s North Sea oil industry is determined to ensure that it remains a viable, global player in the years ahead.
Underground salt caverns containing stores of hydrogen could provide a solution to the problem of back-up electricity generation in the years ahead.
When it comes to the current outlook for the chemicals industry it is definitely a tale of two continents. While the prospects for the chemicals industry look healthy in the USA, at least in the medium term, it is a much more uncertain outlook on the other side of the Atlantic.
Last month, the European Union agreed a plan to reduce greenhouse gas emissions caused by the use of farmland for biofuel crops.
A branch of Sainsbury’s in the London suburb of Hendon claimed a UK first last month – a supermarket-based filling station for hydrogen fuel cell vehicles. This is one of a number being installed across the capital in a project initiated by the London Hydrogen Network and comes five months after the Government’s announcement of £2 million funding for public sector hydrogen vehicles.
Budget Day on 18th March brought some good news to the beleaguered North Sea oil industry. Chancellor George Osborne announced a package of measures, which the Treasury believes will provide £4 billion of additional investment over the next five years and increase production by 15% over the same period.