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Albania and World Bank inked $150 million electricity agreement
Albania signed a $150 million loan agreement with the World Bank on Monday to improve power distribution and transmission, which it said would facilitate the return of the debt-laden sector to financial stability by 2018.
read more... 04/11/2014
Daily: Crude oil prices plunge for the fourth consecutive month
Crude oil prices continued to drop for the fourth consecutive month on Friday, dragged down by another round of monetary stimulus from Japan pushed up the U.S. dollar and hammered a crude market already oversupplied. Brent and U.S. crude tumbled by nearly a dollar to post both the steepest monthly fall since May 2012. Brent crude for December delivery fell 38 cents for the day to settle at $85.86, consolidating a monthly loss of 9 percent. WTI crude declined 58 cents to close at $80.54 per barrel, recording a loss of 11.6 percent this month.
read more... 03/11/2014
E.ON sells stake in Finnish Gasum Oy
E.ON has today decided to vend its 20 percent stake in the Finnish natural gas firm Gasum Oy to the Finnish State. Gasum Oy is in charge for the import, distribution and sale of natural gas in Finland.
read more... 03/11/2014
French electricity tariffs increase by 2.5% in November
Regulated electricity tariffs in France increase by 2.5 percent on November 1, in accordance with a decree published on Friday, the first increase founded on a new formula that takes into consideration market prices and not only EDF's accounting costs.
read more... 03/11/2014
Poland: EU thinks about funding new gas pipelines in CEE
Gas pipeline operators in Poland, Lithuania, Czech Republic and Slovakia could possibly obtain 1.3 billion zlotys ($388 million) from the European Union to set up links between them, as stated by Polish state operator Gaz-System.
read more... 03/11/2014