Latest news
Daily: UK spot gas hits 8-month high on Norwegian supply disruption
U.S. oil futures increased more than $2 a barrel to hit a four-week high on Tuesday for a third straight session of gains as the January start-up of a pipeline from Cushing, Oklahoma, to the Gulf Coast would deplete crude stocks at the giant storage hub. U.S. WTI crude boosted by $2.22 to settle at $96.04 a barrel, its biggest daily percentage gain since September 18. Meanwhile, Brent crude for January delivery increased $1.17 to settle at $112.62 a barrel, after earlier hitting an 11-week high of $112.93.
read more... 04/12/2013
Israel could supply Italy with gas
On Monday, the National Infrastructure, Energy and Water Minister Silvan Shalom and the Italian Economic Development Minister Flavio Zanonato, during a meeting in Rome, have presented the idea of exporting some of Israel’s natural gas to Italy, as Israel still has to decide where to export the amounts allocated for exports of natural gas. Both the Ministers agreed that Israeli natural gas exports to Italy are a common interest of both countries.
read more... 04/12/2013
UK: Low Carbon and Macquarie Capital to invest in 300 MW of solar energy
Macquarie Capital and Low Carbon, a renewable energy investment company, have announced recently they will team up to deliver a portfolio of 300MW of solar generation capacity in the UK.
read more... 04/12/2013
European Commission to launch a formal investigation into Hinkley Point nuclear deal
A deal between the UK government and French energy giant EDF to build two nuclear plants at Hinkley Point in Somerset could be put under threat by the European Commission as it will open a formal investigation into British government subsidies that breach European competition rules.
read more... 04/12/2013
Hinkley Point deal uncertain, once again
The European Union is likely to open an official inquiry into whether the Hinkley Point nuclear deal breaks the EU rules on competition. Britain in October signed a deal with EDF to build a nuclear plant at Hinkley Point in southwest England and became the first European country to offer a guaranteed power price over 35 years for a new nuclear project. Britain has said it is confident it will get clearance, but a formal European Commission probe could take years, throwing uncertainty over the nation's plans.
read more... 03/12/2013