Spanish giant invests in Petroceltic

Deal is symptomatic of a rush by energy firms to secure their supplies, writes Samantha McCaughren, Business Correspondent.

5th July, 2008

Deal is symptomatic of a rush by energy firms to secure their supplies, writes Samantha McCaughren, Business Correspondent.

European energy companies are scrambling to invest in new gas and oil supplies as security of energy becomes a live political issue.

The world watched as Russia switched off its gas supply to the Ukraine in 2006 in a row over pricing and many European energy companies have since been focusing on diversity of supply as well...

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