Latest news
EU to endorse new biofuel certification scheme
New sustainable biofuel schemes were approved recently by the European Commission which will certify biofuels produced within the European Union or imported into the EU zone. It also underlines the importance of further maintaining the forest and wetland areas of using them incorrectly as to produce biofuel.
read more... 25/07/2011
Russia files a lawsuit against Bulgaria over delayed nuclear plant
Russia filed a lawsuit against Bulgaria’s National Electric Company (NEK) in order to accelerate the construction of the Belene nuclear power plant, the first in the EU that is totally dependent on Russian technology.
read more... 25/07/2011
EBRD and EIB to allocate $308 million for Ukraine’s gas transport system reconstruction
The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) have signed a memorandum of understanding with Ukraine's national oil and gas company, NAK NaftoGaz, to allocate $308 million for the modernization of its obsolete gas transportation system.
read more... 25/07/2011
Daily energy Overview, Friday, July 22, 2011
U.S. crude oil futures increased to above 100 dollars on Thursday, having hit the utmost level in more than four weeks on weaker dollar as the Philadelphia Federal Reserve released report on business conditions. NYMEX crude for September delivery traded at 99.84 dollars a barrel, up 1.44 dollars, after registering the utmost level of 100.10 dollars a barrel since June 10.
read more... 22/07/2011
Energy market Trend for 2011-2021
Natural gas is becoming an attractive energy source for its relative low cost and rising trading demand. Due to fast economy growth, natural gas becomes the best alternative to reduce carbon dioxide emissions and be reliant from unpredictably oil price fluctuations and driven global demand. The natural gas and LNG storage market is estimated to worth $18.57bn in 2011.
read more... 22/07/2011