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South Korea to develop two 3,000 MW nuclear plants to cut coal reliance
The South Korea Government envisages increasing its nuclear reactor fleet by two more units, as the country wants to get rid of coal power and to focus on technologies with lower greenhouse gas emissions.
read more... 15/06/2015
Verbund CEO considers that electricity prices might double in long term
The chief executive of the utility Verbund focused on hydropower thinks that German-traded electricity tariffs might double to 60 euros ($67.08) per megawatt-hour (MWh) in the long term, as soon as German nuclear power plants go offline as scheduled.
read more... 15/06/2015
Daily: Crude oil prices gain ground on declining U.S. drilling activity
Crude oil futures eased on 12 June amid worries about the global oversupply, but ended higher for the week, supported by falling U.S. drilling activity. Brent crude for July delivery contract declined by $1.24, or 1.9%, to settle at $63.87 a barrel on 12 June. Prices climbed by about 0.8% for the week. US crude for July delivery fell 81 cents, or 1.3%, to end at $59.96 a barrel on Friday. Prices posted a 1.4% increase on the week.
read more... 15/06/2015
Greece, Bulgaria will sign IGB gas pipeline agreement soon
Greece and Bulgaria will sign an agreement in the next weeks to construct a gas pipeline linking the two countries, part of the Southern Corridor infrastructure scheme to transport Caspian gas to Europe, as stated by two Greek energy ministry officials on Friday.
read more... 15/06/2015
EU regulators consider GE’s Alstom power agreement would harm competition
General Electric Co might need to propose bigger concessions to win European Union support for its acquirement of Alstom SA's electricity unit since regulators intend to inform the U.S firm that the agreement would harm competition, as stated by two people familiar with the matter on Thursday.
read more... 12/06/2015