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Japan: nuclear - main baseload power source

Japan’s government stated in a final report on Tuesday that nuclear reactors which meet the safety standards fixed by the nuclear regulatory entity should consider resuming their operations.

read more... 26/02/2014

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Canadian Solar deal to supply PV modules in Japan

Canadian Solar has concluded a deal with Hitachi to provide PV modules of 18MW for a solar power project in Japan.

read more... 26/02/2014

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Petronas sells 25% stake in an LNG project

Malaysia-based Petronas has concluded the vending of a 25% equity stake in its Pacific North West LNG project in British Columbia, according to the statement made on Tuesday by Shamsul Azhar Abbas, the Group’s CEO.

read more... 26/02/2014

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Daily: Crude oil plummets on Chinese economy downturn, increase in U.S. crude inventories

Crude oil prices ended lower on Tuesday, dragged down by signs of a downturn in Chinese economy and an increase in U.S. crude inventories for the second consecutive week. However, Brent crude losses were capped by endless production outage in Libya and South Soudan, whereas U.S. light crude was pulled down by plummeting gasoline future prices amid weaker demand for the fuel.

read more... 26/02/2014

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Cyprus: natural gas drilling is likely to continue despite Turkish threats

The Greek Cypriot government promised that extraction and drilling of natural gas offshore Cyprus will continue, even though Turkey has threatened to block these operations since it thinks the energy assets partly belong to Turkish Cypriots.

read more... 25/02/2014

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