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Japan’s Kansai and Engie sign agreement to purchase LNG
French utility Engie and Kansai Electric Power Co, Japan's second-largest utility, declared on Tuesday they have signed an accord to purchase and trade 400,000 tonnes yearly of liquefied natural gas (LNG) from 2019.
read more... 22/07/2015
Daily: European year-ahead power prices at the highest level in nearly four months
Crude futures slipped on Monday and U.S. crude declined below $50 a barrel intraday, dragged down by robust supply, expectations of more Iranian crude to export and appreciating dollar. Brent crude for September delivery declined by 45 cents to settle at $56.65 a barrel, having fluctuated between $56.33 and $57.44. U.S. August crude, set to expire on Tuesday, shed 74 cents to close at $50.15, having fallen to $49.85, its first time below $50 since April.
read more... 21/07/2015
Israel inks agreement for $1.1 billion thermo-solar power plant
Israel inked an agreement to construct a 4 billion shekel ($1.05 billion) thermo-solar power plant in the country's south, intended at increasing electricity production from green energy sources, as stated by the Finance Ministry on Sunday.
read more... 20/07/2015
Daily: Crude oil futures diverge, with Brent up on British outage
Front-month Brent crude prices jumped on Thursday after a power outage cut production at Britain’s largest oil field and as the August contract was close to expiration. U.S. crude futures declined after giving up gains reacting to data from industry intelligence firm Genscape showing stronger crude stockpiles at the Cushing, Oklahoma hub. Expiring Brent August crude boosted 46 cents to close and go off the board at $57.51 a barrel, having touched $58.21. September Brent crude dropped 20 cents to hit $56.92, off its $58 intraday peak. U.S. crude for August delivery eased 50 cents to settle at $50.91, having fluctuated from $50.34 to $52.71.
read more... 17/07/2015
French minister limits EDF electricity price increases again
French Energy Minister Segolene Royal limited an intended increase in household power prices on Thursday, overruling regulatory endorsements designed to compensate electricity supplier EDF for earlier controls.
read more... 17/07/2015