Latest news
Georgia's hydropower plant project obtains $673 million funding
Plans by the ex-Soviet republic of Georgia to build a major hydropower plant aiming to turn into an energy exporter obtained a $673 million financing from the Georgian Co-Investment Fund (GCF), as stated by the fund on Thursday.
read more... 16/10/2015
Poland, Baltic leaders ink agreement on gas connection
Leaders from Poland, the Baltic States and European Commission decided on Thursday to construct a natural gas pipeline between Poland and Lithuania to shelter gas supply for the Baltic region.
read more... 16/10/2015
Daily: Oil prices settle down for fourth consecutive day, dragged down by large U.S. stockpile hike
Crude oil prices declined on Thursday after the U.S. government unveiled a larger-than-expected crude inventories increase, slashing prices for a fourth consecutive day. U.S. crude's front-month contract for November delivery decreased by 26 cents, or 0.6 percent, to settle at $46.38 a barrel. Brent crude for November delivery declined 44 cents to settle at $48.71 before the contract’s expiration. Brent for December delivery, which will become the spot contract from Friday, rose by 4 cents to close at $49.73.
read more... 16/10/2015
Germany: Green electricity levy up 715% compared to 2006 level
Economy Minister Gabriel now increases the EEG levy, meaning that on consumers and the economy come higher costs of electricity.
read more... 15/10/2015
EDF and Chinese partners on the edge to conclude Hinkley Point nuclear deal
EDF and Chinese partners are on the edge to conclude a deal to build the Hinkley Point nuclear power plant and are preparing to ink a heads of terms agreement during next week’s visit by Chinese president Xi Jinping in Britain.
read more... 15/10/2015