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Cyprus receives four offers for temporary gas supplies
Cyprus has obtained four offers to provide the island with natural gas, a provisional solution for electricity generation before its own reserves appear, as stated on Monday by state company DEFA.
read more... 15/04/2014
France: CRE is looking for measures to reduce tensions on French gas market
French energy regulator CRE launched this week a public consultation with industrial players envisaging temporary measures and solutions aiming to curb the wholesale gas price gap between the north and the south of France, before the establishment of a unified market in 2018.
read more... 20/02/2014
The solution to Europe’s high energy prices could be Russia or fracking
Chief executive of Italy’s Eni, Paolo Scaroni said at the Council on Foreign Relations in New York that Europe is facing dramatic energy costs and that there are two directions which could be a solution for Europe: fracking or increasing Russian imports.
read more... 16/10/2013
The real cost of renewables versus nuclear and fossil energy
Last Friday, 10 CEO’s of large nuclear and fossil energy producers held a press conference in Brussels, asking European governments to stop subsidising renewable energy. Remarkably, Gerard Mestrallet CEO for GDF-Suez, was one of them. Strange, because in Belgium GDF-Suez is the largest beneficiary of renewable energy subsidies. Zero Emission Solutions, a study and consultancy agency for renewable energy, draws the attention to these CEO’s that today – at least in Belgium - nuclear and fossil energy production benefits from more governmental aid than renewable energy:
read more... 15/10/2013
Daily: British wholesale gas at lowest level since March
Brent crude oil prices recorded a six-week low on Tuesday, as the major world powers met to draft a resolution that would require the destruction of Syria’s chemical weapons. Brent crude for November delivery traded $1.88 per barrel lower at $108.19, after trading as low as $107.41, the weakest settlement price since August 8. Meanwhile, U.S. crude for October delivery settled $1.17 per barrel lower at $105.42, below the 50-day moving average of $106.60, after trading as low as $105, its weakest level since September 3.
read more... 18/09/2013