Latest news
Egypt receives $4bn financing from international banks to develop 14 GW of CHP plants
Egypt's state-owned Egyptian Electricity Holding Company (EEHC) has received €3.5bn ($4bn) in financing from Deutsche Bank, HSBC and KfW's Ipex Bank to support the development of three gas power plants, which have a combined capacity of 14.4GW in Egypt.
read more... 14/04/2016
Israel will reduce carbon emissions, sees $8 billion economic expansion
Israel's cabinet on Sunday unanimously consented a plan for cutting greenhouse gases and raising energy efficiency to help the economy.
read more... 11/04/2016
Georgia extends gas deal with Russia's Gazprom
Georgia inked an agreement with Russia's Gazprom elongating a gas transit deal, as stated by Georgian deputy energy minister on Thursday.
read more... 08/04/2016
Austria: Habau will accomplish Bulgaria-Romania gas pipeline
The state gas network operators of Bulgaria and Romania have inked an agreement with Austrian construction company Habau to accomplish a postponed interconnector connecting the two Balkan nations which is intended at reducing Bulgaria's reliance on Russian gas imports.
read more... 07/04/2016
Daily: UK prompt gas prices climb on colder weather, robust oil
Crude oil prices boosted 5 percent on Wednesday, their biggest increase in three weeks, after the U.S. government unveiled an unexpected draw in domestic crude inventories versus market expectations for a new record high. U.S. crude's front-month contract rose by $1.86 to settle at $37.75 a barrel. It rallied to $37.90 earlier, after slipping to $35.24 the previous day, its weakest level since March 4. The front-month contract Brent gained $1.97 to close at $39.84 a barrel. Its session peak was $39.94.
read more... 07/04/2016