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Poland’s PGNiG inks $870 million framework gas supply deal with chemical firm Grupa Azoty
Poland's state-run gas company PGNiG inked a framework deal to deliver natural gas to state-controlled chemical firm Grupa Azoty, with the estimated value of the agreement at PLN 3.3 bln ($870.09 million) and estimated volume of some 4.5 bln cubic meters, according to PGNiG.
read more... 14/04/2016
IRENA unveils new record for renewable energy in 2015
Renewable energy generation capacity expanded by 8.3 percent last year to 1,985 GW worldwide, the fastest annual rate ever recorded, as indicated by data from the International Renewable Energy Agency (IRENA).
read more... 14/04/2016
Daily: British spot prices tumble as robust flows from Norway offset blackout at gas terminal
Oil prices declined from new four-month highs in agitating trading on Wednesday after Russian oil minister Alexander Novak stated at a closed-door briefing that a deal on an oil output freeze expected to be signed this month in Doha would not yield a positive outcome. Brent crude fell 51 cents to settle at $44.18 per barrel, while U.S. crude eased 41 cents to close at $41.76.
read more... 14/04/2016
Egypt receives $4bn financing from international banks to develop 14 GW of CHP plants
Egypt's state-owned Egyptian Electricity Holding Company (EEHC) has received €3.5bn ($4bn) in financing from Deutsche Bank, HSBC and KfW's Ipex Bank to support the development of three gas power plants, which have a combined capacity of 14.4GW in Egypt.
read more... 14/04/2016
World Bank announces lofty goals in terms of renewable energy for developing countries
The World Bank Group has unveiled this week that it intends to help developing countries add 30 GW of renewable energy by 2020, enough to power 150 million households.
read more... 13/04/2016