Latest news
Centrica to abandon plans for a 2 billion pound wind farm
Centrica has announced it intends to abandon plans to build a 2 billion pound offshore wind farm as it said that subsidies offered by the government are too low. The UK based energy company added also that it will not build the Race Bank wind farm unless the government enhances the projected subsidies.
read more... 04/11/2013
UK’s energy firms to face tough sanctions for market manipulation
The British government is considering introducing a wave of tougher sanctions against energy firms for market manipulation to overcharge customers, said energy minister Ed Davey on Thursday.
read more... 01/11/2013
Ukraine and Chevron to collaborate in developing shale gas
Ukraine's government has approved on Tuesday a Production Sharing Agreement (PSA) with Chevron Corp. to explore and develop shale-gas deposits in the Lviv region. The objective is to reduce reliance on Russian gas as they thought that the price they pay for Russian gas is too high. The PSA would be signed on November 5 on the sidelines of an international economic forum in Kyiv.
read more... 31/10/2013
China to double natural gas consumption by 2015
The Chinese government has announced last month a new plan which deals with the air pollution problem. China intends to reduce the consumption of fossil fuels in its energy mix to below 65% by 2017, while in 2012 it recorded 66.8%.
read more... 30/10/2013
Sweden prefers renewables to nuclear
Recently Sweden's energy minister, Anna-Karin Hatt, has announced that the government will not subsidize new nuclear power plants, favoring renewable investments. Electricity production in Sweden is dominated by nuclear power and renewables, which currently make about equal contributions to energy production- about 40%.
read more... 28/10/2013