Latest news
EDF terminates nuclear electricity supply contracts
French utility EDF has notified three energy suppliers - Alpiq, Gazel Energie and Total Direct Energie - of the termination of their contracts under a mechanism that allows rival suppliers to buy electricity produced by EDF's nuclear power plants. The suppliers had sought to invoke the force majeure clause in their supply contracts with EDF.
read more... 04/06/2020
Total’s LNG project in Mozambique to secure $15bn
Total's planned LNG export facility in Mozambique is to receive $15 billion (267bn rand) of financing commitments from a banking consortium at a signing scheduled for June, according to South Africa's Rand Merchant Bank (RMB), one of the project's backers.
read more... 04/06/2020
Daily (03.06.2020): EUAs climbed by 5% to above €22 on Tuesday as coal disruptions lifted the energy complex
Crude oil futures edged higher on Tuesday, with investors hoping for a further cut in black gold production at the next OPEC + summit, which could be brought forward to this week. Brent crude for August delivery soared by $1.25, or 3.3%, to settle at $39.57 a barrel, while U.S. WTI crude for July delivery gained $1.37, or 3.9%, to end at $36.81 a barrel.
read more... 03/06/2020
Europe is going coal-free, but a vast lignite mine is expanding in eastern Germany and coronavirus has delayed new climate laws
The landscape makes you think of the surface of the moon. As far as the eye can see, deep gashes scar the earth. At the spot where the giant machines stand, ancient layers of bared coal are visible all the way to the base of the pit.
read more... 03/06/2020
Yamal LNG cargo completes ice-covered transit of Northern Sea Route: Novatek
A cargo of LNG from the Novatek-operated Yamal LNG plant in northern Russia has completed its journey across the ice-covered part of the Northern Sea Route (NSR), the Russian company said June 1.
read more... 03/06/2020