Latest news
Details on Spain’s energy reform
Spain's latest energy reform, which reverses years of policy to promote renewable power, threatens to reinforce its dependence on coal and costly gas and to bankrupt renewable firms that have built a competitive edge over a decade.
read more... 13/03/2013
Spain’s shale gas reserves
Spain is the fifth largest energy consumer in Europe and has practically no domestic production of liquid fuels or natural gas. It has made significant progress in diversifying into renewable energy but, this only accounts for about 9% of its gross inland consumption. A quarter of consumption is fuelled by natural gas and half by petroleum, both of which Spain has to import.
read more... 12/03/2013
EDF and UK to sign a 35-year nuclear deal
UK is planning to close a 35-year deal with French major energy group EDF which will allow the French energy utility to start building the country’s new generation of nuclear power plants.
read more... 12/03/2013
Daily: Brent crude drops on bearish data from China
Brent crude oil futures dropped on Monday, dragged down by pessimistic data from China, the second oil consumer in the world, however settling well above the session low. Brent crude for April delivery dropped 63 cents, or 0.57 percent, to settle at $110.22 a barrel, after having hit $110.72 and fallen to as low as $109.53.
read more... 12/03/2013
German firms give details on expansion plan
Gemany's leading four power grid operators published details of a new draft plan for upgrading and expanding the transmission system for electricity.
read more... 12/03/2013