Latest news
Coal to dominate the 2013 markets in China and Europe
According to the World Energy Council , China detained an estimated 128 billion short tons of recoverable coal reserves in 2011, the third-largest in the world after the United States and the Russian Federation, about 13% of the world's total coal reserves. Chinese coal production increased to over 3.8 billion short tons in 2011, making China world’s biggest coal producer.
read more... 04/01/2013
Bulgaria will be able to import gas from Europe in 2014
According to Bulgaria’s deputy minister of economy and energy, Evghenia Haritonova, Bulgaria will be able to import natural gas from European suppliers in 2014.
read more... 04/01/2013
USA: The wind energy Production Tax Credit extended for one more year
The USA Congress has extended the Production Tax Credit (PTC) for a year, which will allow continued growth of the energy source that installed the most new electrical generating capacity in America last year. The new version of the tax will cover all the projects that start construction in 2013. After being approved by the Senate and the House it is now expected to be rapidly signed into law by the President Obama, who always supported the wind energy tax credits during the process.
read more... 04/01/2013
Daily: Oil hits 4 week high above $112
Brent crude oil beat a four-week new record, higher than $112 per barrel on Wednesday, after the US Congress approved a deal to prevent a fiscal crisis, while promising data from top energy consumer China also supported prices.
read more... 03/01/2013
Iberdrola sells its 32 French wind farms
Spanish utility Iberdrola SA (IBDSF), the world’s largest operator of wind farms, is selling 32 French wind farms to a consortium including General Electric for 400 million euro.
read more... 03/01/2013