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Memorandum of Understanding between Gazprom, Edison and Depa for the supply of gas
Russian gas giant Gazprom inked a memorandum of understanding (MoU) with Italy’s Edison SpA and Greek company DEPA on gas supplies from Russia over the Black Sea bottom.
read more... 25/02/2016
Poland will develop geothermal energy since wind farms spoil landscape
Poland, under pressure from the EU to reduce its utilization of extremely polluting coal, will develop geothermal energy resources rather than wind farms which destroy the landscape, as stated by its environment minister on Wednesday.
read more... 25/02/2016
ScottishPower will continue with 714MW UK offshore wind farm
ScottishPower has made its ultimate investment decision for a 714MW offshore wind farm in the UK. It anticipates to spend minimum 50% of the total £2.5 billion investment in the country.
read more... 25/02/2016
Daily: Crude oil prices soar on loading issues for UK crude, higher U.S. gasoline demand
Crude oil prices hiked as much as 3 percent on Wednesday, with Brent spurred by news of stalled loadings for the United Kingdom's North Sea oil due to technical issues, while U.S. crude futures boosted after robust demand for gasoline reduced worries about record high crude stockpiles. Brent, the global benchmark for crude, rose $1.14, or 3.4 percent, to settle at $34.41 a barrel. U.S. crude futures advanced 28 cents, or nearly 1 percent, to close at $32.15 after gasoline demand soared more than 5 percent over the past four weeks compared with a year ago, according to the government data.
read more... 25/02/2016
Lithuania electricity prices attain record low on imports from Sweden
Lithuania power prices dropped to a record low last week since imports from the Nordic countries increase via a new underwater electricity connection to Sweden, as stated by the Baltic state's grid operator Litgrid on Tuesday.
read more... 24/02/2016