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Verbund to continue operation of Mellach combined cycle gas turbine power plant

Austrian hydropower-focused utility Verbund has abandoned plans to sell its Mellach gas-fired power plant in the province of Styria, as the purchase offers of potential buyers did not meet management's expectations.

read more... 15/03/2017

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EU allocates €40m to support renewable energy in Algeria

The EU and Algeria inked a €40 million package to support Algeria diversify its economy and improve business climate through measures ranging from the development of renewable energy to modernization of public finances.

read more... 15/03/2017

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Daily (15.03.2017): Crude oil plunges to 3-month low on Saudi Arabia output rise

Crude oil prices fell on Tuesday after OPEC unveiled an increase in global crude stockpiles and an unexpected output rise from its biggest member, Saudi Arabia, eroding nearly all gains since OPEC announced output reductions in November.

read more... 15/03/2017

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UK establishes a subsidy ceiling price for geothermal projects

British government unveiled it had set a ceiling strike price for geothermal projects in an upcoming auction at 140 pounds per megawatt-hour (MWh).

read more... 14/03/2017

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Qatargas to increase LNG supplies to Poland

Qatargas, the world’s largest liquefied natural gas (LNG) producer, signed a deal to increase the volume of liquefied natural gas which it supplies to Polish Oil and Gas Co to 2 million tonnes per year.

read more... 14/03/2017

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