Gas production in Crimea region could increase by two-fold within the next few years, declared Russia’s Prime Minister Dmitry Medvedev.
read more... 26/03/2014
Brent crude oil futures boosted on Tuesday on fresh geopolitical risk over Russia and supply disruptions in Nigeria and Libya, while U.S. WTI crude were dragged down by forecasts for stronger domestic commercial crude stocks.
read more... 26/03/2014
The Spanish government aims to increase the aid for under-used gas-fired power plants in order to avoid utilities’ closures around the country.
read more... 26/03/2014
Industrial companies are absolved from paying renewable energy surtaxes for present on-site power plants, as stated by Sigmar Gabriel, the Germany’s economy and energy minister, who had renounced the initial plan that would have annually charged them approximately 500 million euros.
read more... 25/03/2014
Global liquefied natural gas (LNG) markets would be tightened by disruptions to Russian gas supplies via Ukraine since southern Europe should compete with Asia for LNG in order to satisfy demand, according to Wood Mackenzie consultancy on Monday.
read more... 25/03/2014