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European power: fall in spot prices because of wind, mild weather
European spot power prices fell on Thursday because of high wind power contributions at a time of feeble demand, reducing the price for year-ahead contracts.
read more... 03/01/2014
Poland: coal demand could be reduced by 50% by 2030
Poland is one of the fastest-growing economies in the European Union and the power that drives it comes from the dirtiest of fossil fuels- coal. But, according to a new study made by researchers in Germany and Poland, renewable energy groups and environmental group Greenpeace, Poland could reduce by almost 50% its demand for coal by 2030 shifting to wind, solar, hydro, biomass and geothermal energies.
read more... 27/12/2013
Eni and GasTerra have signed a long-term gas supply contract
Eni has signed a deal with GasTerra over long-term Dutch gas supply contracts following which the Italian oil and gas group would obtain a major price cut and would boost its results. Eni is currently renegotiating contract terms with a range of other companies amid weaker demand in Europe. The renegotiation of contracts with GasTerra will have a positive impact on 2013 results.
read more... 20/12/2013
Daily: European carbon allowances at the seven day low despite price support plan
Brent crude oil increased by 1.5 percent on Monday, backed by expectations for rising demand that emerged from stronger European economic data, while supplies from Libya remained considerably reduced.
read more... 17/12/2013
Turkey could increase its share in TANAP project
Turkey has demanded to Azerbaijan to increase its share in Trans-Anatolian gas pipeline (TANAP), the head of Azerbaijan's state energy company SOCAR, Rovnag Abdullayev, said this week at a conference. Currently Turkey owns a 20% share in the project, while the rest of the shares belong to SOCAR of Azerbaijan.
read more... 12/12/2013