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Daily: British spot gas increase slightly on short system
British spot gas prices recorded a slow increase on Tuesday morning as the gas system was undersupplied following weaker imports from Norway and continental Europe and gas was withdrawn from the storage.
read more... 30/10/2013
China to double natural gas consumption by 2015
The Chinese government has announced last month a new plan which deals with the air pollution problem. China intends to reduce the consumption of fossil fuels in its energy mix to below 65% by 2017, while in 2012 it recorded 66.8%.
read more... 30/10/2013
Norwegian oil giant Statoil saw its profits slip in the third quarter of 2013
Norwegian oil giant Statoil announced a decrease of about 6% in its net income in the third quarter of this year. The company's net profit was 13.7 billion Norwegian kroner ($2.4 billion), compared to the same period of a year before, when it registered with NOK 14.5 billion.
read more... 30/10/2013
China fixed a new solar target for 2015
China has expanded its distributed solar capacity target to 20 GW by 2015. China is set to lead the greatest uptake of solar, with plans to install more than 2GW of photovoltaic (PV) by the end of 2013. It is expected that in 2014 PV installations will rise by 17%, increasing from 15% in 2012 and 13% in 2013. The year 2014 will bring the highest rate of growth since the 35% increase in 2011.
read more... 29/10/2013
Singapore eyes becoming Asia’s LNG hub
Singapore eyes becoming Asia’s new liquefied natural gas (LNG) trading hub, with the city hoping to take the lead in the region. Moreover, it is taking steps to make this dream come true by the end of the year.
read more... 29/10/2013