Centrica, the owner of British Gas, unveiled that it intends to shelve two huge gas projects, representing a major blow for Britain’s energy security plans.
read more... 23/09/2013
France urges the European Union members to agree a more stringent target to reduce greenhouse gas emissions and said that the EU-28 should consider implementing an EU-wide carbon tax.
read more... 23/09/2013
Azerbaijan inked yesterday major contracts to deliver European buyers with gas, offering them an alternative supply source to Russia.
read more... 20/09/2013
Brent crude oil prices recorded a six-week low on Tuesday, as the major world powers met to draft a resolution that would require the destruction of Syria’s chemical weapons. Brent crude for November delivery traded $1.88 per barrel lower at $108.19, after trading as low as $107.41, the weakest settlement price since August 8. Meanwhile, U.S. crude for October delivery settled $1.17 per barrel lower at $105.42, below the 50-day moving average of $106.60, after trading as low as $105, its weakest level since September 3.
read more... 18/09/2013
The renewables’ contribution in Europe’s generation capacity is expected to increase to at least 40% by 2020, overtaking the capacity supplied by coal, natural gas and oil, declared the region’s grid operators group Entsoe.
read more... 17/09/2013