Latest news
China to set a cap on its CO2 emissions by 2016
The world's biggest producer of carbon dioxide intends to set a cap on its greenhouse gas emissions for the first time. China is planning an absolute emissions cap for the period 2016-2020, and is also looking at emissions targets for 2030 and 2050.
read more... 26/12/2013
RWE won’t extend contracts with two coal-fired power plants
Yearly, this year, RWE announced it intends to mothball or to shutdown some of its gas and coal-fired power stations because of an increase in renewable energy. The company said a boom in solar energy meant many of its power stations were no longer profitable. A RWE spokesman said that a total of 3,100 megawatts of generating capacity will be taken off line, representing about 6% of RWE's total capacity.
read more... 24/12/2013
Greece creates preconditions for natural gas privatization with Azeri SOCAR
Greece agreed last week to sell the operator of its natural gas grid to the State Oil Company of Azerbaijan Republic, SOCAR.
read more... 23/12/2013
Eni and GasTerra have signed a long-term gas supply contract
Eni has signed a deal with GasTerra over long-term Dutch gas supply contracts following which the Italian oil and gas group would obtain a major price cut and would boost its results. Eni is currently renegotiating contract terms with a range of other companies amid weaker demand in Europe. The renegotiation of contracts with GasTerra will have a positive impact on 2013 results.
read more... 20/12/2013
Daily: UK gas prices tumble on oversupplied system
Brent crude oil futures traded steady at over $109 a barrel on Thursday as the market ignored a move by the U.S. Federal Reserve to curb its monetary stimulus programme, and remained focused on U.S. crude stock withdrawals. Brent crude declined 17 cents to $109.46 a barrel by 09:22 GMT, after ending $1.19 higher on Wednesday. Meanwhile, U.S. oil eased 3 cents to $97.77, after ending 58 cents up.
read more... 20/12/2013