Latest news
China: Power production from wind increased more than coal in 2012
According to new statistics released by China Electricity Council, power production from wind increased more than from coal in 2012. Fossil-fired production of electricity increased 0.3 % last year, an addition of about 12 terawatt hours (TWh) of electricity, at the same time as wind-generated electricity grew 35.5% to 26 TWh, while solar-generated electricity reached a cumulative 3.5 terawatt-hours. Under China's 12th Five Year Energy Plan (2011-2015), the objective for renewables is to supply 30% of electricity-generating capacity, while coal plunges from 70% to 65% of energy production.
read more... 27/03/2013
UK received LNG from Qatar
UK has received a liquefied natural gas shipment from Qatar, because of dwindling gas supplies due to the unseasonably severe March weather which continues to put increasing demands on the National Grid. Two more shipments from Qatar are due in the coming week.
read more... 26/03/2013
Shell to develop shale gas reserves in China
Shell has won government the authorization for its production sharing contract with China National Petroleum Corp., the nation’s biggest oil and gas company. China is working with overseas partners in a move aiming to begin hydraulic fracturing.
read more... 26/03/2013
OECD urges China to initiate reforms for greener economy
The Organization for Economic Cooperation and Development (OECD) urged Beijing to initiate reforms in financial and land systems to ensure a more sustainable and greener economy, even if China made huge efforts toward inclusive growth.
read more... 26/03/2013
Daily: European spot power prices increase on cold snap
Crude oil futures increased on Monday in choppy trading after a bailout deal for Cyprus improved the sentiment for fuel demand in the euro zone. Meanwhile, Brent May crude traded up 51 cents to settle at $108.17 a barrel, having traded from $106.80 to $109.07. U.S. May crude rose $1.10 to settle at $94.81 a barrel, above the 50-day moving average at $94.38 and having hit $95.65 during the session. Brent's premium to U.S. crude settled lower at $13.36 a barrel based on settlements, with the spread narrowing to $12.85 during the session, the narrowest since early July.
read more... 26/03/2013