Latest news
Baltic electricity grids to harmonize with European system by 2025
The Baltic states of Lithuania, Latvia and Estonia have decided a roadmap to connect their electricity systems with those of other European Union members by 2025 since they aim to cut their reliance on Russia.
read more... 15/12/2014
Daily: Crude oil prices tumbled 3% to five-year lows on IEA pessimistic forecasts
Crude oil markets declined 3 percent or more to tumble to a fresh five-year low on Friday on IEA’s forecast for even weaker oil prices, lower demand and robust supply in 2015. Benchmark Brent oil ended at below $62 a barrel and U.S. crude tumbled to under $58 to prolong Thursday’s decline below $60. Brent decreased $1.83, or nearly 3 percent, at $61.85 per barrel. It slumped to $61.35 during the session, the weakest level since July 2009. WTI crude slipped $2.14, or 3.6 percent, to close at $57.81. It dropped earlier to $57.34, its lowest since May 2009.
read more... 15/12/2014
Russia: Gazprom will think about vending stake in Finnish utility Gasum
Russia's major natural gas producer Gazprom declared on Friday its board would talk about the possibility of the firm getting rid of its stake in Finnish gas utility Gasum.
read more... 15/12/2014
China will aid Serbia to construct a coal-fired power plant of 350 MW
Serbia and China will ink an agreement estimated at over $600 million next week to adjoin a new unit at the Kostolac coal-fired power plant, the first major investment in more than two decades in Serbia's old energy infrastructure, as stated by the plant's manager.
read more... 15/12/2014
Czech company EPH struggles for E.ON’s Italian assets
Privately-held Czech energy group EPH would like to acquire several Italian assets put on sale by German utility E.ON, potentially pitting it against France’s EDF in a 2 billion euro ($2.5 billion) battle, as stated on Thursday by two sources familiar with the situation.
read more... 12/12/2014