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Russian gas conglomerate Gazprom to increase its output by 8% in 2016
Russia’s gas conglomerate Gazprom will increase its output this year by 8.1% to 452.45 billion cubic meters, said Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee.
read more... 05/07/2016
EDF reiterates its support for Hinkley Point nuclear project despite Brexit
French power utility EDF on Monday reiterated its support for the development of delayed new nuclear power station at Hinkley Point in southern England, declaring that British referendum to quit the European Union will not affect its plans.
read more... 05/07/2016
Daily: European forward power prices increase on firmer fuel markets
Crude oil prices lost ground on Monday, after comments by Saudi Energy Minister Khaled Al-Faleh that the market was heading toward balance were mitigated by weakening demand in Asia, gasoline oversupply and expectations that crude output could rise. Brent crude futures eased 25 cents to settle at $50.10 per barrel. U.S. crude futures fell 23 cents to close at $48.76 per barrel. The trading for U.S. crude was thin as markets were closed on Monday for the U.S. Independence Day holiday.
read more... 05/07/2016
Siemens puts new wind power investment plans in the UK on hold after Brexit
Siemens, the largest engineering firm in Europe decided to freeze new wind power investment in UK following the vote to leave the European Union until future trading arrangements are clarified.
read more... 05/07/2016
Northern Ireland to launch its first bio-LNG plant
Greenville Energy Ltd, a renewable energy producer based in Northern Ireland, and French equipment supplier Cryo Pur have joined forces to develop a viable way in which to turn excess biogas into bio-LNG.
read more... 04/07/2016