Latest news
EU-27: Gas demand to decline by 7.5 % this year
The European gas demand is likely to fall by about 7.5 % this year, due to a milder weather and climbing prices, recording the biggest year-on-year drop, even comparing to the period of the economic recession in 2009, when the gas demand dropped just by 6.2 %, according to a French investment bank forecast released on Wednesday.
read more... 21/10/2011
UK onshore, offshore wind subsidies slashed in favor of marine energy
The British government envisages cutting onshore and offshore wind subsidies from 1 Renewable Obligation Certificate (ROC) per MWh to 0.9 ROC/MWh and from 2 to 1.9 ROCs/ MWh respectively, while it will boost the support for wave and tidal technologies.
read more... 21/10/2011
Germany to invest 100 Billion Euros in renewables
Germany’s federally-owned KfW banking group announced its investment bid for renewable energy worth 100 billion Euros over the next five years. Forasmuch as Germany is the largest photovoltaic market and leads the wind energy industry, this move will consolidate the investments’ outlook and give more attractiveness to green energy in the local businesses.
read more... 21/10/2011
Daily – gas at a new high level
U.S. and Brent crude oil futures were mixed on Thursday on optimism that German and French leaders will find a solution to come out of the European crisis, but no resolution will be adopted before the second meeting next week.
read more... 21/10/2011
Significant natural gas findings in the Northern Spain
A major gas field, potentially sufficient to meet Spain's needs for the next five years, has been discovered in the Basque Country.
read more... 21/10/2011