Gazprom's South Stream pipeline project has been saved by Austria last month in order to bring its own gas from the Black Sea, according to a source. This would be the first time the Russian gas exporter has consented to a rival’s gas access to its pipelines.
read more... 15/05/2014
The French government has proclaimed a decree permitting it to impede any foreign takeovers of French firms in "strategic" industries, such as energy, transport, water, telecommunications and health sectors, this way putting up a barrier to General Electric's intended $16.9 billion offer for Alstom's energy assets.
read more... 15/05/2014
Oil prices increased across both sides of continent on Wednesday, pushed up by a draw on U.S. crude inventories at the Cushing, Oklahoma, crude oil delivery hub, while gasoline stockpiles drove Brent and U.S. crude to the three weeks highs.
read more... 15/05/2014
Gas and coal-fired plants in Austria and France would be mothballed or closed by the Austrian utility Verbund after a year spent analyzing its alternatives, due to their unprofitability.
read more... 15/05/2014
Subsides for new solar power plants in Britain might be probably ended two years earlier than anticipated in order to avoid the costs increase, as stated by the government on Tuesday.
read more... 14/05/2014