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Global installations of renewable energy will triple by 2017
Annual worldwide installations of renewable distributed generation will nearly triple between 2012 and 2017, reaching 63.5 gigawatts (GW) a year in 2017. Nearly 232 GW of distributed renewable will be added over the five-year period. Currently, distributed renewable installations represent just 1 % of total global electricity generating capacity, but they will register a rapid increase in the next five years to come.
read more... 15/08/2012
Novatek will sell natural gas to Germany’s EnBW
Russia’s second largest gas company Novatek has confirmed that it has entered in a long-term gas supply deal with Germany’s third largest electric utility Energie Baden-Württemberg (EnBW). Under the new contract, Novatek will supply about 2 billion cubic meters of gas per year to EnBW starting in October 2012 and for the next ten years to follow.
read more... 15/08/2012
Daily:UK gas prices up on low supplies from Norway
Brent crude rose close to $114 a barrel on Tuesday after the European economic data were not as weak as expected and ahead of a U.S. report likely to show a fall in oil stockpiles. By 10:28 GMT, Brent crude climbed 34 cents to $113.94 a barrel, after settling 65 cents up at its highest level since May, while U.S. crude rose 38 cents to $93.11 a barrel.
read more... 14/08/2012
European liquefied natural gas will drop by 70% by 2015
European liquefied natural gas (LNG) supplies will likely decrease by roughly 70% by 2015 as the Asian market absorbs more cargo demand. In the first six months of 2012, the European imports of liquefied natural gas supplies have decreased by 33%, while Asian imports registered a 16% rise.
read more... 14/08/2012
China boosts its solar energy target for 2015
The Chinese government revealed that the country has increased its 2015 target for solar energy by 40%, envisaging developing 21GW.
read more... 14/08/2012