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Azerbaidjan president agrees with Snam taking stake in TAP project
Azerbaijan allows Italian gas infrastructure conglomerate Snam to take a stake in the project to construct the Trans Adriatic Pipeline (TAP) that will convey gas from Azerbaijan to Europe, as stated by President Ilham Aliyev on Thursday.
read more... 10/07/2015
EU parliamentarians to prop up carbon market reform
The European Parliament on July, 8 approved a proposal to begin reform of the world's biggest carbon market in 2019, a key part of strategies to curb the EU's global-warming emissions.
read more... 09/07/2015
Egypt inks energy import agreement with Russia’s Rosneft
Egypt and Russia's major oil producer Rosneft have inked two initial agreements for the delivery of petroleum products and liquefied natural gas to Cairo, as stated by the two sides on Tuesday.
read more... 08/07/2015
Austria files a legal challenge against Hinkley C nuclear power station in the UK
Austria, the non-nuclear nation, has filed a legal challenge at the European Court of Justice against £17.6bn EU-granted state subsidies for a new nuclear power plant in Britain, according to government officials.
read more... 08/07/2015
Daily: European prompt power fell sharply on cold, windy weather
Crude oil futures tried to stabilize on Tuesday on the New York Mercantile Exchange (Nymex), after declining sharply the previous day to the level of mid-April, as the market was encouraged by the further extension of talks with Iran, worries about Greece's indebtedness and China's stock market losses. WTI crude fell 20 cents to settle at $51.98 a barrel, a three-month low, and extending to more than 8 percent its drop since Thursday's settlement. Brent rose 31 cents to end at $56.85. Both benchmarks increased in post-settlement trade, after the API indicated the higher-than-expected stockpile drop.
read more... 08/07/2015