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Japan to make a $34 bln investment in Australian gas
Japanese oil and gas producer Inpex and French energy giant Total announced on Friday a major $34 billion gas project off Australia, with most of the liquefied natural gas produced sent to energy-hungry Japan, as it is seeking for an alternative to nuclear power following the Fukushima catastrophe.
read more... 13/01/2012
Daily – oil down on rising worries over the embargo on Iran exports
U.S. and Brent crude oil futures shed more than a dollar in late trading on Thursday on rising worries that the embargo on Iran exports may be delayed, lasting several months to be implemented.
read more... 13/01/2012
Investments into renewables to reach 260 billion dollars
According to Bloomberg New Energy Finance, renewable energy investments increased 5 percent to a record 260 billion dollars in 2011. Supportive governmental programs in U.S. sustained investments into solar power which rose by a third to 55.9 billion dollars, beating China with 47.4 billion dollars investments.
read more... 13/01/2012
IEA: Biofuel output declines for the first time in a decade
Biofuel global production has dropped to 1.822 million barrels a day in 2011 from 1.822 million 2010, representing the first decline in a decade, according to data released by the International Energy Agency (IEA), being attributed to rising costs of the feedstock for most biofuels, corn, sugar and vegetable oil.
read more... 13/01/2012
Largest European EV charging network to be developed in Estonia
The largest electric vehicles charging point will be built in Estonia by a Swiss power and automation conglomerate ABB. It is scheduled to become operational by December 2012 and will be the world’s first fast-charging infrastructure serving the entire country.
read more... 12/01/2012