The Finnish government allocated 65.2 million euros (84.22 million US dollar) in financial backing to construct three small liquefied natural gas (LNG) terminals to cut on utilization of fuel oil and liquefied petroleum gas (LPG) in industry, as stated by the economy ministry on Thursday.
read more... 19/09/2014
Russian gas producer Gazprom is expected to register its lowest production this year since its foundation a quarter of a century ago after halting supplies to Ukraine and losing market share to local competitors.
read more... 19/09/2014
Safi Energy Company has secured $2.6 billion in funding the construction of a coal-fired power plant of 1,386 megawatts in southern Morocco, as reported by state news agency MAP.
read more... 19/09/2014
Crude oil prices dropped on Thursday, dragged down by plentiful supply, worries about demand growth and a stronger U.S. dollar. Brent eased $1.27 to settle at $97.70 a barrel, with prices falling around 15 percent from a nine-month peak of $115.71 reached in June. U.S. crude slipped $1.35 to close at $93.07 a barrel a day following a decline due to government data that showed U.S. crude inventories increased 3.7 million barrels last week.
read more... 19/09/2014
European Union state aid regulators are expected to endorse Britain's 19-billion-euro ($24.6 billion) plan to construct a nuclear plant with French utility EDF, some people familiar with the matter declared on Wednesday.
read more... 18/09/2014