Latest news
Daily: Europe spot power prices up on stronger demand, lower French nuclear capacity
Crude oil declined by about 4% on Monday, dragged down by a decrease in gasoline futures which added to pressure to a weakening market due to a slower growth in China and signs that Iranian oil will return to the market soon after the signature of its nuclear deal. The dollar appreciation and a weaker equity market on Wall Street weighed on the petroleum complex. Brent crude fell $1.85, or 3.7 percent, to settle at $48.61 a barrel. WTI crude lost $1.37, or 3 percent, to close at $45.89, in lighter volume ahead of Tuesday's expiry for November spot contract.
read more... 20/10/2015
Germany: EnBW to become third largest gas provider after E.ON and Wingas
Germany utility EnBW has inked a deal to acquire a 74% stake in gas firm Verbundnetz Gas Aktiengesellschaft (VNG) from German energy company EWE, for €1.43bn ($1.63bn), becoming the country's third-largest gas provider after E.ON and Gazprom's Wingas.
read more... 19/10/2015
National Grid to cope with tighter power supply this winter despite blackout worries
Britain will manage to guarantee enough electricity and gas in case of winter blackouts, according to the National Grid.
read more... 16/10/2015
Poland, Baltic leaders ink agreement on gas connection
Leaders from Poland, the Baltic States and European Commission decided on Thursday to construct a natural gas pipeline between Poland and Lithuania to shelter gas supply for the Baltic region.
read more... 16/10/2015
Egypt awards tender to purchase 55 LNG cargoes
Egypt's state gas board EGAS declared on Monday it is to acquire 55 cargoes of liquefied natural gas (LNG), 10 more than initially scheduled, through a tender it has awarded to seven firms which will supply the fuel from the beginning of November.
read more... 13/10/2015