Latest news
Russia to increase its investments in Iraq energy sector
The Russian Foreign Minister Sergey Lavrov said to a news conference during his visit to Baghdad, that the Russian government is ready to consolidate its cooperation with Iraq, especially in increasing its investments in the oil and energy sector.
read more... 11/05/2011
Daily energy Overview, Tuesday, May, 10, 2011
U.S. crude oil futures rallied on Monday after a deep loss last week on the back of a weaker dollar. U.S. crude for delivery in June traded at 102.55 dollars a barrel, up 5.37 dollars.
read more... 10/05/2011
An undersea super grid to export wind energy from the Netherlands versus UK
According to a recent announcement of the executive director of the National Grid, Nick Winser, an undersea super grid will become soon a reality, giving the possibility of exporting wind energy, regardless of weather conditions.
read more... 10/05/2011
Centrica warns of sharply increase in U.K energy bills
The owner of British Gas, Centrica warned that U.K. customers could be facing future hikes in gas and electricity prices by a quarter compared to the last year, following the increased taxes combined with higher costs of wholesale gas.
read more... 10/05/2011
First LNG pipeline between Russia and Germany will be completed by the end of the year.
The Nord Stream pipeline, which will pump gas from Russia to Germany, is set to be operational for the fourth quarter of this year.
read more... 10/05/2011