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Daily: British spot gas boost on short system
Brent crude recovered to about $106 per barrel on Wednesday, encouraged by speculation that the U.S. Federal Reserve may soon start to slash its monetary stimulus.
read more... 14/11/2013
French Total eyes to develop a LNG facility in Cyprus
The Cyprus government and the French energy giant Total signed an agreement envisaging the development of a liquefied natural gas (LNG) plant at Vasilikos, Limassol, in Cyprus, with the deal certainly boosting morale in Cyprus and optimism about the potential of natural gas to save the national economy.
read more... 14/11/2013
Germany could miss its 2020 offshore wind power target
Germany is on the way to miss its target for offshore wind power expansion in the North Sea as expansion is not moving ahead as planned. Dutch transmission system operator Tennet stated that new offshore wind capacity in the North Sea is to be limited to 7 GW by 2023, as current targets are unrealistic.
read more... 13/11/2013
Daily: European spot power prices trade higher on cold weather
U.S. oil futures declined by more than $2 a barrel on Tuesday, recording a new four-and-a-half-month low, following speculation the U.S. Federal Reserve could ease up on its monetary stimulus program.
read more... 13/11/2013
A world without carbon emissions: a dream or a reality?
According to a report published by the energy consultancy Ecofys and the Global Call for Climate Action, technological options existing today and in the near future could help to trim down emissions to zero for about 90% of present sources of GHG emissions. The report stated that it is technically and economically possible to phase out net greenhouse gas (GHG) emissions almost completely by 2050.
read more... 13/11/2013