Latest news
EU coal power plants incurred €6.6 billion losses in 2019, study reveals
"Coal is no longer a profitable business. This is partly due to rising fuel costs, but also increasingly fierce competition from renewable energies. Low gas prices, in particular, are putting the coal business under pressure," Sriya Sundaresan, one of the study's authors, told EURACTIV.
read more... 28/10/2019
Azerbaijan to keep oil output flat, raise gas production in 2020
Azerbaijan plans to keep its oil output flat, while increasing natural gas production in 2020, its draft budget obtained by Reuters on Thursday showed.
read more... 25/10/2019
China natural gas demand to grow by over 80% by 2030: Sinopec
State-owned Sinopec expects China's natural gas demand to increase by 82% to 510 Bcm in 2030, from 280 Bcm in 2018, driven by continued industrial upgrading and urbanization.
read more... 24/10/2019
Poland ready to halt import of Russian gas
Poland is ready to ensure its energy supplies without importing gas from Russia due to the diversification of supplies and increasing LNG imports, Piotr Woźniak, the CEO of Poland’s state gas and oil company PGNiG has said.
read more... 24/10/2019
SOCAR plans multimillion dollar investment in Turkey's gas storage capacity
SOCAR AQS, an Azerbaijani integrated drilling and well services management company, will dig 40 wells to expand the storage capacity at the Lake Tuz Natural Gas Storage Facility, located in central Anatolia, Daily Sabah reported.
read more... 23/10/2019