Russia's second-largest gas producer Novatek is on the brink of selling a 9.9 percent stake estimated at approximately $1.4 billion in its Yamal liquefied natural gas (LNG) project to a Chinese investment fund, as stated in the Kommersant business daily on Monday.
read more... 26/08/2015
Crude oil markets recovered more than a percent on Tuesday after a sharp decline in the previous session, even though prices maintained near 6-1/2-year lows since persistent weakness in Chinese equities generated worries of an economic fall in the region.
read more... 25/08/2015
German utilities have submitted requests to shut down 10 more power stations, or 2.34 gigawatt of capacity, as indicated by statistics from the network regulator, a result of record-low wholesale electricity prices hitting profits.
read more... 25/08/2015
France will double its share of solar electricity capacity since it continues to look at reducing its dependency on nuclear power.
read more... 25/08/2015
Polish third largest electricity company Enea declared it would stop taking coal from its major supplier Bogdanka since it could not reach an agreement on 2016 prices, as stated by Enea on Friday.
read more... 25/08/2015