Latest news
Egypt inks an agreement with Trafigura for 33 LNG cargoes
Egypt has inked an agreement with trading house Trafigura to import 33 shipments of liquefied natural gas (LNG) spread over 2015 and 2016, the lion's share of a transaction settled with trading firms, as stated by the energy ministry on Thursday.
read more... 06/02/2015
Vattenfall to proceed with lignite sale, concentrate on wind
State-owned Swedish utility Vattenfall is increasing investments in wind power as part of its effort to cut emissions and counterbalance losses at its struggling coal-fired power stations.
read more... 06/02/2015
ContourGlobal might begin constructing Kosovo power plant in 2016
ContourGlobal might begin constructing coal-fired power plant in Kosovo in 18 months, in the first significant investment in the country's energy sector in decades designed for reducing electricity shortages and creating jobs, as stated by an official at the U.S. power firm.
read more... 05/02/2015
Ukraine sees reduced European summer gas prices, to boost reserves
European summer spot gas prices for Ukraine might decrease to between $250 and $300 per 1,000 cubic metres, permitting Kiev to raise its underground storage reserves, as stated by Ukrainian Prime Minister Arseniy Yatseniuk on Wednesday.
read more... 05/02/2015
Daily: European prompt power prices tumble on prolonged cold snap
Crude oil prolonged losses on Wednesday, reversing a four-session gain after U.S. crude stockpiles soared to a record high, posting the global oversupply back into focus. U.S. crude futures eased 8.7 percent, to close at $48.45 a barrel, recording its biggest one-day percentage decline since November 28, 2014. Brent crude plunged $4 to settle at $54 a barrel, having traded as high as $59 a barrel on Tuesday.
read more... 05/02/2015