Latest news
Italian Eni to sell 1.7 million tonnes of LNG to Japan and South Korea
The Italian oil and gas giant Eni has inked a three-party deal with Korea Gas Corporation and Japan's Chubu Electric Power Company envisaging selling 1.7 million tonnes of liquefied natural gas (LNG) to Japan and South Korea between 2013 and 2017.
read more... 14/01/2013
China: Renewable energy growth to continue
China’s renewable energy capacity installation growth has been extraordinary, considering that its growth has been higher than the global average. The global average growth of wind energy capacity over the last 10 years registered only 25%, while China’s wind energy capacity increased at an annual average rate of 60%.
read more... 14/01/2013
Daily: European power prices hit new lows despite strong oil prices
Brent and U.S. crude oil futures edged up on Thursday, being supported by Chinese trade data which spread expectations for improving demand, while news that Saudi Arabia has slashed its oil output in the previous two months also contributed to lift oil prices. Brent February crude climbed 13 cents, or 0.12 percent, to settle at $111.89 a barrel. Meanwhile, U.S. February crude boosted 72 cents, or 0.77 percent, to settle at $93.82 a barrel, having traded from $93.08 to $94.70.
read more... 11/01/2013
UK: electricity generated from renewable at 12%
The Department of Energy and Climate Change has recently published new statistics which shows that renewable energy is now supplying about 12% of the UK’s electricity.
read more... 11/01/2013
U.S. crude oil output at the highest level in 20 years due to shale fracking
U.S. oil production surpassed 7 million barrels a day for the first time since March 1993, recording the highest production level in 20 years, being underpinned by the shale revolution, which has boosted exploration across the country and bolstered a shift toward energy independence.
read more... 11/01/2013