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Daily (16.02.2017): NBP spot gas gets support from unplanned Norwegian outages
Crude oil prices posted a slight decline on Wednesday in a volatile trade, dragged down by a record high in U.S. crude and gasoline stockpiles which fed concerns about a supply glut. However, the bearish inventories data were offset by evidence that OPEC and other producers were complying with agreed supply cuts.
read more... 16/02/2017
India’s solar tariff hits a new record low
In the recently completed 750 MW Rewa Solar Park auction in Madhya Pradesh in India, bids hit a new record low of Rs.3.30 (~$0.494)/kWh (levelized tariff over 25 years), over a rupee lower than the previous low tariff of Rs.4.34 (~$0.065)/kWh, which was registered in the state of Rajasthan in January 2016.
read more... 15/02/2017
The Leviathan field to start producing gas in 2019
US-based Noble Energy has unveiled plans to advance the development of the Leviathan natural gas field located in the eastern Mediterranean Sea area off the coast of Israel to start production by the end of 2019.
read more... 15/02/2017
Toshiba to quit its leading role in UK’S Moorside nuclear station
The UK’s plan to build Europe’s largest nuclear power plant could be scrapped after Japan's Toshiba Corp, which is developing the project with France's Engie, admitted it would have to take billions of pounds' worth of write-downs in its nuclear business and said it would scale back its overseas ambitions.
read more... 15/02/2017
Daily (15.02.2017): German spot power prices up 10% on weak wind output
Crude oil prices rebounded on Tuesday, spurred by an OPEC-led effort to slash prices. However, this effort was undermined by rising production in the United States, which kept prices within the narrow range.
read more... 15/02/2017