Latest news
Europe is willing to renegotiate gas pricing with Gazprom
The EU Commission launched a probe earlier this month into exports by Gazprom, because of suspicions that the company was hindering the free flow of gas across the EU and imposing unfair prices by linking the cost of gas to oil prices. Moscow has said Gazprom, which has a legal monopoly on gas exports from Russia, will fight the case but will not cut supplies in retaliation. Gazprom's oil-linked contracts are a touchy subject for the Russian government and Gazprom, a major contributor to the state budget which earns the bulk of its revenue from export. The EU's investigation ended a period of relative calm on the gas front between Brussels and Moscow, which objects to some of the EU's gas market liberalisation measures.
read more... 25/09/2012
Daily: Brent crude drops on weak German data
North Sea Brent crude oil dropped $2 per barrel on Monday, pulled down by a stronger dollar and concerns over weak global economic growth following pessimistic German data.
read more... 24/09/2012
Coal power is set to increase in the next 4 years to come
In the next 4 years to come, coal power production is set to increase considerably as at the moment it is the most profitable source of energy in Europe. According to UBS AG, power producers from EON AG to RWE AG (RWE) will open six times more coal-burning plants than gas-fed units by 2015.
read more... 24/09/2012
Russia to attract foreign investors to develop Arctic offshore shelf
The Russian government announced the new incentives to attract major investors in order to develop projects on the country’s Arctic offshore shelf, as well as in East Siberia.
read more... 24/09/2012
China’s installed power capacity could reach 300 GW by 2020
According to the report released by the Chinese Renewable Energy Industries Association, the Global Wind Energy Council and Greenpeace, it is likely that China’s wind power sector will maintain the 1st place also in 2012. Furthermore, China intends to realize an accumulated on-grid wind power capacity of more than 100 GW by 2015 and 200 GW by 2020, according to a national plan on renewable energy development released by the National Energy Administration.
read more... 24/09/2012