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Czech and Slovak gas pipeline operators will offer capacity
The Czech and Slovak gas pipeline operators intend to sell 10 percent of available transmission capacity between the two countries in monthly auctions, as they stated on Thursday.
read more... 10/07/2015
Daily: Crude oil rebounds by about 3% on China stocks pick up, Iran nuclear uncertainty
Crude oil recovered sharply on Thursday from three-month lows reached previously in the week, with prices increasing about 3% as Chinese collapsing stock market picked up and oil traders remained uncertain about talks for a nuclear deal that will permit Iran to export more crude. Brent crude rose by $1.56, or 2.7 percent, to settle at $58.61 a barrel. On Monday, Brent hit a three-month low of $55.10. WTI crude settled boosted $1.13, or 2.2 percent to close at $52.78. This week's low of $50.58 was the lowest since April.
read more... 10/07/2015
Greece finally assumes its €2bn gas pipeline agreement with Russia
Athens had admitted for the first time its plans to build a €2bn gas pipeline with Moscow, the so called 'Turkish Stream' in Greece, move which is like to intensify U.S. worries, as it stepped up its involvement in Greece’s debt negotiations with international creditors.
read more... 10/07/2015
Azerbaidjan president agrees with Snam taking stake in TAP project
Azerbaijan allows Italian gas infrastructure conglomerate Snam to take a stake in the project to construct the Trans Adriatic Pipeline (TAP) that will convey gas from Azerbaijan to Europe, as stated by President Ilham Aliyev on Thursday.
read more... 10/07/2015
UK’s renewable power industry loses tax reduction, shares plunge
Britain's green energy providers and their clients will no longer be exempt from a climate change tax, as stated by finance minister George Osborne on Wednesday, knocking shares in power producer Drax to their lowest ever level.
read more... 09/07/2015