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Bulgaria to opt for short-term LNG contracts with Russia

The Bulgarian Energy Ministry stated on Tuesday that his country is analyzing the possibility of signing a short-term natural gas contract with Russian energy giant Gazprom.

read more... 12/05/2011

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South Texas Electric Cooperative to double its wind power

Iberdrola Renewables, with headquarter in Portland, Ore, USA, plans to double its wind power capacity by extending an existing power purchase contract (PPC) with South Texas Electric Cooperative (STEC), an American wholesale electricity provider.

read more... 11/05/2011

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Daily energy Overview, Wednesday, May, 11, 2011

U.S. and Brent crude futures recovered for a second consecutive day on Tuesday after a sharp drop in the previous week supported by a surge in gasoline futures and strong trade data from China. U.S. crude for delivery in June was traded at 103.88 dollars a barrel, up 1.3 percent, after a trading range between 100.12 and 103.95 dollars. ICE Brent for June delivery valued 117.63 dollars a barrel, up 1.49 percent, after a trading range from 113.58 to 117.95 dollars.

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Cheaper gas and electricity bills with British new tariff OnlineSaver 4

British Gas, the company which supplies gas and electricity to UK residential and business customers, has recently launched a new online energy tariff, called OnlineSaver 4, which guarantees a 4% discount compared to their standard tariff, until 31st October 2012.

read more... 11/05/2011

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Russia to increase its investments in Iraq energy sector

The Russian Foreign Minister Sergey Lavrov said to a news conference during his visit to Baghdad, that the Russian government is ready to consolidate its cooperation with Iraq, especially in increasing its investments in the oil and energy sector.

read more... 11/05/2011

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