Latest news
Australian solar plant to have world's largest power storage capacity
The joint venture between two major Japanese power providers has invested in renewable-energy projects abroad, such as this Indian solar farm. A roughly $1 billion solar energy project in Australia will employ one of the biggest power storage facilities in the world, with Japanese and Western companies contributing funds.
read more... 29/05/2018
Chinese firm to invest $2 billion in oil refinery in Iran
A Chinese investment firm will spend US$2 billion on building an oil refinery in the Iranian northern province of Mazandaran, the official Islamic Republic News Agency (IRNA) reported on Monday, quoting the deputy head of the province’s center for attracting foreign investment, Mousa Qasem-Pisheh.
read more... 29/05/2018
Mozambique plans to sign gas agreement with Rosneft, ExxonMobil by yearend
Mozambique plans to sign an agreement with Rosneft and ExxonMobil on gas field exploration in the north of the country by the end of 2018, Foreign Minister of Mozambique Jose Pacheco said following the talks with Russian top diplomat Sergey Lavrov on Monday.
read more... 29/05/2018
Daily (28.05.2018): UK day-ahead gas price dropped by 5.6% on Friday due to warmer weather forecasts.
Oil prices fell on Friday as Saudi Arabia and Russia discussed about the possibility to reduce production cuts that have boosted prices to their highest levels since 2014. Brent crude lost $2.35, or 3%, to close at $76.44 a barrel. WTI futures ended $2.83, or 4%, lower at $67.88 a barrel.
read more... 28/05/2018
Germany to compensate utilities for nuclear phaseout losses
The German cabinet has agreed to grant compensation of up to EUR1 billion (USD1.17 billion) to the utilities forced to shut down their nuclear power plants by the Energiewende, or energy transition, that the government of Chancellor Angela Merkel introduced in response to the Fukushima Daiichi nuclear power plant accident in Japan in March 2011. At that time, Germany was obtaining around a quarter of its electricity from 17 nuclear reactors operated by EnBW, EOn, RWE and Vattenfall.
read more... 28/05/2018