Latest news
Bulgaria to cooperate with Gazprom on South Stream Project execution
The South Stream gas pipeline remains a project of strategic importance for Bulgaria, as the pipeline is intended to bring Siberian gas to Europe under the Black Sea. The project is set to be the main pipeline to southern Europe, as the competing Nabucco pipeline project, that was privileged by the European Union, failed at the tender stage. South Stream is expected to transport about 63 billion cubic meters of gas.
read more... 10/07/2013
Poland rethinks its strategy for shale gas production
Doubts over the scale of Poland's shale gas reserves surfaced last June after ExxonMobil announced plans to cease exploration, citing disappointing test drilling results. The withdrawal of two more multinationals - Talisman Energy of Canada and U.S. oil giant Marathon - has cast significant doubts over the viability of shale gas in Poland.
read more... 09/07/2013
Daily: British gas edges up on colder weather forecast, drop in imports from Norway
Brent crude oil dropped on Monday following news that Libya’s major Sharara oilfield and an Iraqi pipeline will resume operations, easing concerns about global oil supplies after an early hike to a three-month high above $108 a barrel on continuing unrest in Egypt.
read more... 09/07/2013
Germany will stop subsidizing solar energy by 2018
Environment Minister Peter Altmaier has announced on Monday that the 52GW limit set by the government would be reached in the period 2017-2018, after what Germany will stop subsidizing solar power. Altmaier had struggled to set a maximum amount of solar power capacity above which the government would no longer offer its financial support.
read more... 09/07/2013
France: EDF envisages a 5% increase in power tariffs in August
The French government has allowed French state-controlled power utility Electricite de France (EDF) to increase its electricity tariffs for residential consumers by 5% in August, and by the same share in August next year, citing recent increases of the company's production costs.
read more... 09/07/2013