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BRS Resources Ltd. V.BRS.H

BRS Resources Ltd is an upstream oil and gas exploration and production company. It is engaged in production, exploration, and acquisition of petroleum and natural gas properties in Italy. The company along with its operational partner has drilled three explorations well in the Po Valley. Each of these prospects is in close proximity to and on trend with several nearby producing natural gas fields, including the Sabbioncello, Tresigallo, and Cotignola fields.


TSXV:BRS.H - Post by User

Post by DuckDuckG00seon Dec 12, 2017 11:45am
129 Views
Post# 27138393

Italy's natural gas supply route is down

Italy's natural gas supply route is downAlthough temporary, hopefully this causes those in power to push through the required permits that will one day help Italy to be self sufficient. 

Austria natural gas explosion

Breaking: State of emergency after explosion at Austrian gas hub cuts flow to other nations

BERLIN — An explosion Tuesday at a major natural gas facility near Austria’s border with Slovakia left one person dead and 21 injured, and caused some gas flow disruptions to other countries, authorities said.

One person was seriously injured and 20 others slightly hurt in the morning blast at the plant in Baumgarten an der March, east of Vienna, police said. No one was in a life-threatening condition. The facility’s operator said all the victims were Austrian.

The explosion set off a fire, which operator Gas Connect said was quickly contained and completely extinguished by mid-afternoon. The facility was “shut down in a controlled state and is offline,” the company said.

Firefighter extinghuish a fire at Austria’s main gas pipeline hub at Baumgarten on December 12, 2017. JOE KLAMAR/AFP/Getty Images

Police wrote on Twitter that the explosion was triggered by a “technical cause,” but didn’t elaborate and said that local authorities are investigating. Gas Connect said it also suspects an unspecified technical fault.

Gas Connect describes the Baumgarten plant, where pipelines bringing gas from Russia, Norway and other countries connect and gas is compressed and cooled, as one of Europe’s most important gas supply hubs.

“Austria’s natural gas supply can be covered for the foreseeable future,” the company said on its website. However, “transit through Austria to the south and southeast regions is currently negatively impacted,” it added.

“The biggest implications are for the Italian market,” said Trevor Sikorski, who leads natural gas research at Energy Aspects in London.

Firefighters stand outside a gas plant after an explosion occurred near Baumgarten an der March, Austria, Tuesday, Dec. 12, 2017. At least one person was killed and several were injured in the blast. (AP Photo/Ronald Zak) Ronald Zak / AP

He said a prolonged outage would reduce stocks and set the stage for higher prices this winter.

Neighbouring Italy’s Economic Development Ministry declared an emergency after the explosion interrupted the flow of natural gas to the country, but said Italy’s supply of gas would be ensured by existing stockpiles.

Italy’s SNAM natural gas transport network said flows could resume in the course of the day if it is confirmed that no transport infrastructure was damaged.

Sikorski said a prolonged outage would reduce stocks and set the stage for higher prices this winter.


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