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EU calls for new “green” targets
The EU energy chief, Günther Oettinger, said new targets are necessary to settle beyond 2020 within the next two years, as the present targets to generate 20% of European energy demand from renewable sources expire in 2020. He also said the new renewable targets for 2030 should be settled by 2014.
read more... 16/12/2011
IEA: Singapore to become an LNG-trading hub
With a record demand for LNG in Japan and a boom in North American supplies, natural gas is expected to play a key role in the global energy mix of the future, with the International Energy Agency (IEA) saying it could well be a “golden age” for gas, paving the way for an LNG trading hub in Asia.
read more... 16/12/2011
EDF Energy to increase its nuclear investment in UK
While the majority of energy companies are phasing out the nuclear energy, EDF Energy announces that it will increase its current 300 million pound investment on UK nuclear plants in order to adopt extra safety rules imposed by the British energy watchdog, following the Fukushima nuclear disaster.
read more... 16/12/2011
Italy to overtake Germany as the world’s biggest solar market in 2011
After two consecutive years as the world's biggest solar photovoltaic (PV) market, Germany is likely to pass the crown to Italy, says IHS iSuppli's PV Market Brief report.
read more... 16/12/2011
Daily – Crude oil hit its lowest in 6 weeks on demand concerns
U.S. crude oil futures increased early on Thursday after U.S. economic reports, but ended at their lowest level in six weeks on persistent worries over global oil demand. NYMEX crude for January delivery settled at 93.87 dollars a barrel, down 1.08 dollars, while ICE Brent crude for January delivery pared some of the losses to end at 105.09 dollars a barrel, up 7 cents.
read more... 16/12/2011