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Daily: Nordic power prices to fall in weekend on reduced consumption
Brent crude increased towards $111 on Friday, extending gains from a 1-1/2 month low reached in the previous session as Libya, Africa's third biggest producer and OPEC member has increased its oil production after last year’s revolution and on lower North Sea production which fed supply fears.
read more... 21/09/2012
EU and China sign a deal on greenhouse gases
The European Commission (EC) announced that the EU development commissioner Andris Piebalgs and Chinese commerce minister Chen Deming have signed a financing agreement promoting the environment transition towards a low-carbon economy and a reduction of greenhouse gas emissions in China at an EU-China summit in Brussels.
read more... 21/09/2012
Gazprom and Centrica strike a 3 year gas supply contract
British utility Centrica has announced on Thursday that it has signed a 3 years gas supply contract with Gazprom Marketing & Trading, a UK registered wholly-owned subsidiary of Russian energy giant Gazprom. Under the deal, Gazprom will supply 2.4 billion cubic meters of natural gas starting from 2014.
read more... 21/09/2012
Japan: U-turn on plans to completely phase out nuclear power by 2040
Japan has abandoned its aspiration to completely phase out nuclear power by 2040 amid sharp opposition from the pronuclear business lobby, backtracking a deadline recommended by a cabinet panel only some days ago.
read more... 21/09/2012
RWE npower opens the Pembroke Power Station
After three years of construction, the control of the final part of the plant was delivered to the station team last week. RWE npower presented the facility as one of Europe's largest and most efficient combined cycle gas turbine plant which will provide a highly flexible and reliable source of energy, besides it will power 3,5 million homes.
read more... 20/09/2012