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Denmark: Largest power plant replaces coal with wood pellets as fuel
Dong Energy has converted the unit 1 at Denmark’s largest power station- Avedøre to use wood pellets and straw as fuel rather than coal.
read more... 14/12/2016
ERBD to grant $135m loan to enhance power distribution in north-western Turkey
The European Bank for Reconstruction and Development (EBRD) is extending $ 134.75m loan to three Turkish electricity companies, the Trakya Electricity Distribution Company (TREDAŞ), the Trakya Electricity Retail Company (TREPAŞ), and to their parent company, IC İçtaş Elektrik (ICEL), as part of its moves to enhance reforms in the country’s electricity sector.
read more... 14/12/2016
Daily: German spot power prices extend gains as wind power declines
Crude oil prices trimmed off earlier gains to end Tuesday nearly steady, as the support from OPEC’s plan to cut production were undermined by an energy watchdog’s assessment of how much those nations are currently producing. Brent crude rose by 3 cents to settle at $55.72 a barrel and the U.S crude WTI increased just 15 cents to close at $52.98 a barrel, losing ground late in the session.
read more... 14/12/2016
Italian Eni to divest to Rosneft a 30% stake in Zohr field offshore Egypt
Italian energy company Eni agreed to sell a 30% stake in giant Egyptian gas field Zohr to Russian major Rosneft for $1.58 billion, as a part of the Eni’s plans to raise cash to confront low oil prices.
read more... 13/12/2016
Zeebrugge terminal receives the first LNG cargo at its second jetty from Qatari RasGas
Qatari LNG producer RasGas delivered the first cargo at the second jetty of Fluxys-operated Zeebrugge LNG terminal in Belgium.
read more... 13/12/2016