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End of Gazprom’s Russian gas export monopoly approaches
Russian President Vladimir Putin signalled the gradual end of state-controlled Gazprom's monopoly on exports of natural gas, opening the way for rivals Novatek and Rosneft to compete for huge new Asian markets.
read more... 25/06/2013
Energy Policy Objectives in Belgium
- to phase-out the nuclear energy (between 2015 and 2025) - to reorganize the electricity and gas markets (in Flanders, electricity and gas markets are fully liberalized since July 2003) - to implement the Federal Plan for Sustainable Development, in the context of the "Law concerning the coordination of the federal policy on sustainable development" (May 5, 1997), a new version of the plan for 2004-2008 has been elaborated. - to implement the National Climate Plan 2002-2012, signed in 2002, by both the federal and regional governments responsible for environment, energy and transport, measures to be taken at either the federal or the regional levels. FLANDERS: - to encourage the efficient use of energy (to reduce the consumption of energy in the residential sector and to increase energy efficiency in industry and the service sector) - to provide the greatest energy services at adequate prices for all social groups, through regulation of electricity and gas markets - to augment energy production through the use of renewable energy WALLONIA: Walloon Plan for Sustainable Mastery of Energy (2003) - to reduce the final consumption by 6% by 2010 - to modify behavior through increased public consciousness of energy matters - to develop the renewable energy sector - to regulate electricity and gas markets, to discuss and evaluate policies - to encourage the efficient use of energy in buildings, industry and services - Decree of 1 March 2012 (Wallonia). The objective of the Walloon Government is to achieve 20% of renewable energy by 2020 and 100% by 2050. The Walloon government will require energy suppliers an higher annual percentage of green certificates. Currently it is 15.75% and gradually it will reach 30.4% in 2016 and 37.9% in 2020, an annual increase of 3.65%. BRUSSELS-CAPITAL: - to increase public awareness of the efficient use of energy - to establish a support system for renewable and other energy projects - to offer finance education and other support to the tertiary sector (as well as public authorities) - to develop administrative tools for building developers on the energy performance on buildings Source: Energy Market Price – Belgium Energy Statistics Report
read more... 13/06/2013
EU could miss its renewables targets following the anti-dumping probe
The EU has announced that it intends to impose anti-dumping tariffs on imports of Chinese solar panels as of Thursday. The EU trade commissioner said that levies will start at nearly 12%, and could rise to nearly 48% in two months if they fail to find a solution by that time.
read more... 07/06/2013
Daily: European spot power prices drop on low pre-holiday demand
Crude oil futures dropped nearly by 2 percent on Wednesday as U.S. stock markets dropped from recent record levels and as investors worried about an uncertain demand outlook for the world economy amid weak growth forecasts for China.
read more... 30/05/2013
Daily: Crude oil increases over $1 on strong equities, Middle East tension
Brent crude oil increased by more than $1 on Tuesday, encouraged by U.S optimism and signs of easier monetary policy from central banks which stimulated stock markets, while the intensification of tension in Middle East also contributed to oil support.
read more... 29/05/2013