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UK offshore wind industry to hit 10 GW by the end of this decade

UK offshore wind industry is on track to double its capacity to 10 GW by 2020, according a report released by the Crown Estate at Global Offshore Wind 2014 conference. This capacity will able to cover about 10% of the country’s energy demand.

read more... 17/06/2014

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IEA: China is close to a “Golden Age” of natural gas

China is set to enjoy a “Golden Age” of natural gas since its demand for natural gas is expected to nearly double within five years, according to a report released by the International Energy Agency.

read more... 12/06/2014

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UK Grid to pay energy consumers to reduce winter power demand

Britain's power network operator National Grid will initiate a tender this month soliciting large energy users to cut their power demand in periods of peak consumption next winter, according to the company on Tuesday.

read more... 11/06/2014

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Daily: European coal prices for July delivery hit a record low on weak demand, thin profit margins

Brent crude reversed earlier gains to close down on Tuesday, while WTI crude oil also dropped on a stronger dollar and profit taking by traders after solid gains on Monday.

read more... 11/06/2014

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Daily: British spot gas prices plunge on supply glut

Brent crude boosted on Monday, adding over $1 to trade greater than $110 a barrel for the first time since June, while WTI crude gained about $2, as upbeat figures from China and the U.S. underlined a strong economic growth and higher demand for oil from the both countries, the two largest consumers in the world.

read more... 10/06/2014

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