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Daily: European coal prices slip as German power hits 2.5-year low
Brent and U.S. crude oil futures declined for a third consecutive day in choppy trading on Wednesday, dragged down by uncertainty about U.S. budget negotiations aimed prevent tax increases and spending cuts. Meanwhile, Brent January crude eased by 36 cents, or 0.33 percent, to settle at $109.51 a barrel, having traded from $108.44 to $110.17 and U.S. January crude dropped 69 cents, or 0.79 percent, to settle at $86.49 a barrel, having traded from $85.36 to $87.34.
read more... 29/11/2012
IEA: U.S. could be self-sufficient in gas by 2035
U.S. natural gas production is likely to increase by about 29% from 21.6 trillion cubic feet in 2010 to 27.9 trillion cubic feet in 2035, with shale gas accounting some 49% to about 5 trillion cubic meters of the US total natural gas production in 2035, according to the World Energy Outlook launched by the International Energy Agency. The study sustains that the U.S. holds about 1,744 trillion cubic feet of technically recoverable natural gas which is sufficient to supply the country for 90 years at current rates of production.
read more... 29/11/2012
UK unveils challenging proposals to reduce electricity demand by 10%
The UK government is expected to publish today proposals to reduce electricity demand across the whole UK economy, a move designed to save money through lower bills and cutting down the need for new generation capacity.
read more... 29/11/2012
China: Renewable energy accounts less than 1% in the most polluting country of the world
Even if China is the world's greatest carbon-emitting nation, with about 70 % of China's energy which is generated from coal, hydropower and nuclear accounts 29.3% of the remaining output, while renewable energy, accounts less than 1%, at 0.7%.
read more... 28/11/2012
Ukraine to build its first LNG terminal
Ukraine started the construction of its first LNG terminal near the Black Sea port, in Odessa region. According to the Ukrainian government officials, the LNG terminal may then cover from 30 to 50 % of Ukraine's domestic demand for gas.
read more... 28/11/2012