Latest news
Greece creates preconditions for natural gas privatization with Azeri SOCAR
Greece agreed last week to sell the operator of its natural gas grid to the State Oil Company of Azerbaijan Republic, SOCAR.
read more... 23/12/2013
UK makes public its final Electricity Market Reform plan
The Government has published its package of measures which are aimed at spurring £110 billion (EUR 131 billion) of investment in the energy market and would support 250,000 jobs by 2020. The Electricity Market Reform (EMR) Delivery Plan sets out DECC’s final decision on strike prices for Contracts for Difference (CfDs) for renewable technologies.
read more... 23/12/2013
Daily: European spot power prices drop ahead of Christmas holiday
Crude oil prices hit a three-month high on Friday, backed by spread trading and supply worries. Brent crude rose $1.48 to settle at $111.77 a barrel. Meanwhile, U.S. oil rose 28 cents at $99.32 a barrel.
read more... 23/12/2013
Eni and GasTerra have signed a long-term gas supply contract
Eni has signed a deal with GasTerra over long-term Dutch gas supply contracts following which the Italian oil and gas group would obtain a major price cut and would boost its results. Eni is currently renegotiating contract terms with a range of other companies amid weaker demand in Europe. The renegotiation of contracts with GasTerra will have a positive impact on 2013 results.
read more... 20/12/2013
Spain to increase electricity bills by 10.5 % in January
Spanish electricity bills are expected to climb by at least 10.5 percent in January, after a new benchmark price for power being set in an auction, representing a major blow for already cash-strapped consumers.
read more... 20/12/2013