Latest news
China opens its first natural gas spot market to deal with peak electricity demand
In order to deal with peak electricity demand in the summer, China launched its first spot market for natural gas on the Shanghai Petroleum Exchange on July 2nd, move which will gradually improve the natural gas mechanism in long term through a fair and reasonable competition.
read more... 04/07/2012
Gazprom strikes a deal with Israel to develop gas reserves
During a meeting between Russian President Vladimir Putin and Israeli Prime Minister Benjamin Netanyahu on Monday, the Russian gas giant, Gazprom agreed to open a subsidiary in Israel that will help to develop large offshore gas reserves.
read more... 27/06/2012
Grid operators to build a power interconnector between Norway and UK
UK’s National Grid signed a deal with Norwegian group Statnett to develop the world’s longest subsea power cable (700 km), called the North Sea Network by 2020.
read more... 26/06/2012
Japan’s Hitachi to build a nuclear power plant in Lithuania
Lithuania’s government has approved a deal with Japan’s Hitachi involving the construction of a new nuclear power plant, aimed to reduce the Baltic country’s energy dependence on Russia.
read more... 22/06/2012
Japan’s energy imports increase after nuclear reactors dismantle
Following the closure of nuclear power plants, Japan increased its coal and LNG imports by a fifth in May in order to deal with its energy shortage. Therefore, Japan should import as much as 90 million tons of LNG in the year through March, to generate the power needed to set off for the shut reactors
read more... 20/06/2012