Latest news
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
IEA: oil demand worldwide to grow considerably in 2014
According to IEA report, global oil demand in 2014 would grow at a faster rate than in 2013 thanks to accelerating world economic growth. The International Energy Agency issued a report according to which economic recovery in the advanced economies is probable to boost global oil demand.
read more... 12/12/2013
Europe threatened by blackouts
Energy companies informed that Europe could face power blackouts if the economy in Europe would improve while energy provision would remain inadequate. Energy security in Europe is under menace and the area could soon be exposed to substantial power outages during this winter, due to a lack of production capacity.
read more... 11/12/2013
U.S. installed 930 MW of solar photovoltaic capacity in Q3 of 2013
According to a report from GTM Research and the Solar Energy Industries Association (SEIA) in the third quarter of this year something like 930MW of new PV capacity was installed, a 20% increase in comparison to the previous quarter, when it registered 832 MW of solar PV, and a 35% jump in comparison to the same period in 2012, with more than 400,000 solar power installations in place throughout the country.
read more... 11/12/2013
Chinese power demand to double by 2026
According to a report presented by the China Electricity Council (CEC), China's electricity consumption will almost double, reaching almost 8.2 trillion kWh by 2020. In the last ten years China has experienced huge economic growth, which has required an equally huge growth in capacity of its energy generation industry. China has managed to triple its electricity infrastructure capacity, adding an average 80GW of new power every year.
read more... 11/12/2013