The EU is looking southwards for natural gas supply, eyeing Azerbaijan as a vital route for European energy security amid mounting tensions between Russia and Ukraine, posing a threat of cutting off gas supplies.
read more... 17/06/2014
Brent crude oil futures boosted in choppy trading on Monday as Sunni insurgents advanced in Iraq, raising concerns over an eventual interruption to oil exports from OPEC’s second-largest producer. WTI crude oil futures fell as traders booked profits as oil futures rallied to a session peak of $107.54.
read more... 17/06/2014
UK offshore wind industry is on track to double its capacity to 10 GW by 2020, according a report released by the Crown Estate at Global Offshore Wind 2014 conference. This capacity will able to cover about 10% of the country’s energy demand.
read more... 17/06/2014
The Russian gas conglomerate Gazprom is threatening to cut gas supply to Ukraine by June 16 if Kiev fails to honor its 1.95 billion gas debt by Monday, declared chief executive Alexei Miller.
read more... 16/06/2014
A report released by environmental activist group Greenpeace unveils that the electricity generated by onshore wind and solar installations could be more financially competitive by 2020 than the power from upgraded nuclear facilities in France.
read more... 16/06/2014