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Trafigura signals LNG business expansion in Pakistan

An LNG import terminal is likely to be opened by the commodities trader Trafigura in Pakistan to satisfy the higher demand for gas in the emerging economies.

read more... 13/09/2017

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Cyprus: New gas discovery offshore considered non-profitable

Eni and Total have found gas while drilling offshore Cyprus near the giant Zohr gas field discovery in Egypt waters, but the anticipated quantity of the recently discovered field is too small to develop on its own, as stated by Cypriot Energy Minister Yiorgos Lakkotrypis on Tuesday.

read more... 13/09/2017

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Daily (13.09.2017): German spot electricity prices down by over 53%, on forecasts of strong wind power supplies

Oil prices increased on Tuesday after OPEC declared it predicted higher demand for its crude next year.

read more... 13/09/2017

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Poland: Energa wishes to stop purchasing renewable power certificates

According to Polish Energa calculations, an amount of around 110 million zlotys ($31.20 million) could be saved next year if it cancelled long-term contracts which were signed for purchasing certificates that displayed some of its power was produced from renewable sources.

read more... 12/09/2017

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UK: The world’s hugest offshore wind farm to be built by Dong Energy

The UK contract to build 1.4 gigawatts (GW) capacity at its Hornsea 2 wind power project, likely to be the world’s hugest offshore wind farm, has been awarded to DONG Energy.

read more... 12/09/2017

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