Latest news
UK’s coal-fired power plants to come off the grid in less than 10 years
Energy supplier RWE npower has announced it intends to avoid costly retrofits required by European Union pollution laws on seven of its power plants in UK, meaning they will close by the end of 2023 at the latest. The EU Industrial Emissions Directive (IED) should come into effect in 2016, imposing limits on emissions of climate-harming gases.
read more... 10/01/2014
China’s shale gas production increased considerably last year
According to the Ministry of Land and Resources, shale-gas production in China enhanced more than fivefold last year, to 200 million cubic meters. Oil and natural gas output hit record highs last year stated the Ministry.Production of crude rose 1.8% to 210 million metric tons while conventional gas increased 9.8 % to 117.7 billion cubic meters.
read more... 09/01/2014
EMEA to lead natural gas processing capacity by 2017
A new report presented by GlobalData, Europe, the Middle East and Africa (EMEA) are likely to build the most new natural gas-processing capacity in the coming years, enhancing the overall region’s capacity by more than 10 trillion cubic feet by 2017, followed by the Americas and Asia-Pacific region. The region, combined with Iran and Saudi Arabia, will account for 43% of new capacity worldwide over the forecast period.
read more... 06/01/2014
Gazprom increased its gas supplies to Europe
Last year, Gazprom increased by 16 % the supply of natural gas to Europe to 161.5 billion cubic meters, with Germany, Italy and the U.K. ledding the increase in gas imports from Russia. European customers such as Germany’s RWE AG and Italy’s Eni SpA obtained lower gas prices under their long-term supply contracts with Gazprom. Supplies to Italy increased by more than 60 %.
read more... 02/01/2014
Daily: UK gas prices the lowest level in the last 7 weeks on an oversupplied system
Brent crude decreased 2 cents at $112.16 per barrel at 10:22 GMT, while U.S. crude was down 8 cents at $100.24. The contract broke above the $100-mark on Friday for the first time since the end of October. U.S. crude oil stocks fell by 4.7 million barrels last week as the Gulf Coast continued to shed inventories, even as U.S. oil production reached a 25-year high. While the spread between the two benchmarks widened on Monday to around $12, it is expected to narrow as the Keystone XL pipeline is set to start operations in the United States.
read more... 30/12/2013