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Lithuania signs first LNG procurement agreement with Statoil
Lithuania signed its first liquefied natural gas acquisition accord with Norway's Statoil on Thursday, aiding the country to diminish its total reliance on Russian supplies.
read more... 22/08/2014
Lithuania: 900 MW of gas-fired generation to be shut by 2016
Lithuania's major power producer, Lietuvos Energijos Gamyba (LEG), will shut 900 megawatts of gas-fired generation capacity by 2016 because of negative margins, as stated by the company on Wednesday.
read more... 21/08/2014
Daily: Brent crude rebounds from a 14-month low
Brent and U.S. crude recorded modest gains on Wednesday, after Brent rebounded from a 14-month low hit on Tuesday. Brent crude for October delivery boosted 72 cents to close at $102.28 a barrel. The expiring U.S. September crude contract raised 1.59$ to settle at $96.07, while the October crude rose 59 cents to settle at $93.45.
read more... 21/08/2014
Croatia looks for a strategic partner for new hydro plant
Croatian power board Hrvatska Elektroprivreda (HEP) is searching for a strategic partner to construct a new hydro power plant and brought out an invitation for expressions of interest on Wednesday.
read more... 21/08/2014
UK's Labour Party to offer Ofgem power to eliminate energy supplier licences
Britain's opposition Labour Party has promised to offer energy regulator Ofgem the authority to annul electricity and gas suppliers' licences if they constantly violate rules and harm their customers.
read more... 21/08/2014