Latest news
Nabucco project obtains Hungarian permit
Hungary is now the first country to successfully finish the permitting process for the Nabucco project. The Nabucco pipeline will cross 384 km of Hungarian territory and has received the last environmental permit it needs to begin construction in the eastern European country. According to Managing Director of Nabucco Gas Pipeline International GmbH, Reinhard Mitschek, this is an important step forward for the project.
read more... 16/08/2012
China Cut 2012 Coal Production Target to 3.6 billion tonnes
According to the National Development and Reform Commission, China, the world's top coal producer and consumer, sets coal output targets for 2012 at top three producing regions at 3.65 billion tons, down as much as 7 percent in comparison to 2011. The cuts are partially intended to help stabilize domestic coal prices as demand has fallen sharply due to the slowing economy.
read more... 15/08/2012
E.ON’s first half profit triples on cheaper gas
E.ON has registered a boost in its first- half profits, pushed up by cheaper gas supplies, after the company secured improved natural-gas-contract terms with Russia's OAO Gazprom, according to new reports.
read more... 13/08/2012
AWEA: U.S. wind power hits 50 GW milestone
Wind power in U.S. has reached 50GW of electric generation capacity, enough to power 13 million homes and the equivalent of 44 coal-fired power plants or 11 nuclear plants, according to the American Wind Energy Association. This represents five times the country's 10 GW cumulative installed capacity in 2006 and twice of what it was installed in 2008.
read more... 10/08/2012
Turkish private gas companies to eye Bulgarian market
Private Turkish companies are manifesting interest in supplying natural gas to Bulgaria, according to Energy and Economy Minister Delyan Dobrev.
read more... 08/08/2012