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Would the fall in UK gas prices boost gas-fired power generation ?
The NBP UK season-ahead (winter) gas price has dropped over 5% since the end of March, and the contract failed to find support at key technical markets on its way to its current value. Rising supply confidence and bulging inventories have reassured traders that there will be enough gas to meet demand later in the year, leading to a downward price correction after a period of sharp gains.
read more... 17/04/2012
UK government to give green light to shale gas fracking
The UK government released an report on Tuesday encouraging the extension of the controversial technique of shale gas fracking, nearly one year after it temporarily forbidden this practice which caused two earthquakes in Britain.
read more... 17/04/2012
Daily –crude ends up as dollar weakens
U.S. and Brent crude oil futures went up on Thursday as a weak dollar spurred buying of riskier assets and optimism for more stimulus from the U.S. central bank and on prospects that China will announce upbeat economic increase data on Friday.
read more... 13/04/2012
UK could be powered by Icelandic volcanoes
The volcanoes of Iceland could soon provide low-carbon electricity to the UK, if the new plan to tap the power of Iceland's geothermal energy succeeds.
read more... 13/04/2012
Nuclear pact signed between Japan and UK
Following the first Cameron’s visit in Japan, the British Prime Minister and his Japanese counterpart, Yoshihiko Noda, have signed a civil nuclear cooperation pact on building, decommissioning, decontamination and expertise share of nuclear plants.
read more... 13/04/2012