Latest news
Elering purchases from Fortum controlling stake in Estonian gas grid
Estonian electricity grid operator Elering AS will purchase a controlling stake of 27.5 million euros ($34.3 million) in the country's gas transmission system operator from Finnish utility Fortum, as stated by the companies on Monday.
read more... 11/11/2014
Shah Deniz II initial gas supplies to Europe in the first quarter of 2020
Europe will receive the first gas from Azerbaijan's Shah Deniz II project in the first quarter of 2020, as stated by BP spokesman on Friday.
read more... 10/11/2014
EU’s bank to credit Britain’s electricity grid $2.4 billion
The European Union's bank will offer a loan of 1.5 billion pounds ($2.4 billion) to Britain's National Grid, its major ever single loan, as stated by the bank on Friday.
read more... 10/11/2014
Daily: WTI crude posts its longest weekly decline since 1998
Brent crude futures increased 53 cents to settle at $83.39 per barrel on Friday; however it dropped nearly 3 percent for the week, the seventh consecutive week of losses. U.S. crude mounted less than a dollar on Friday but ended down more than 2 percent for the week, recording the first six straight week decline since December 1998. The Friday increase was spurred in part by geopolitical tensions in Ukraine and the dollar withdrew from its four-year high.
read more... 10/11/2014
Finland signs electricity export agreement with Russia
Finland on Friday signed an accord that permits power exports to Russia from the beginning of December, as stated by its grid firm Fingrid, making two way flows on the connection that had been employed for imports.
read more... 10/11/2014