Latest news
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
France: a new method of shale gas extraction was proposed
France might be interested in testing a new technique of shale gas extraction with non-flammable propane, which has still to be confirmed as a secure and efficient one. Even though the exploitation of shale gas is prohibited in France, the Minister for Industrial Renewal, member of President Francois Hollande's Socialist Party, Arnaud Montebourg, has recently announced that he is in favor of extracting shale gas with the help of a new method of extraction, an experimental type of “clean fracking” which employs fluoropropane.
read more... 13/02/2014
Daily: European prompt power prices dragged down by warmer weather
Crude oil futures traded higher in Thursday, backed by optimistic U.S. economic data, an increase in U.S. gasoline futures and a strike at oil ports in France that blocked the oil hub Fos-Lavera, slashing supplies. Meanwhile, Brent crude traded nearly $1 higher above $107 a barrel, having hit a high of $107.30 earlier in the session following the ECB comments. U.S. crude rose 46 cents at $97.84 a barrel after increasing as high as $98.83.
read more... 07/02/2014
UK and France agreed to develop safe nuclear energy
The UK and French Governments have pledged to beef up the two countries' cooperation regarding the defense, nuclear energy and climate policy as well as trading opportunities and skills. British Prime Minister David Cameron and French President Francois Hollande agreed to develop safe nuclear energy, to build new nuclear power stations, to cooperate on climate change action as well as pushing for European Commission's domestic emissions reduction agenda.
read more... 03/02/2014
France’s energy future relies on nuclear
France’s first nuclear power plant has opened in 1964 and since then France has become a primarily nuclear-powered country, with nuclear representing 78.8% of its electricity generation. According to the IEA it exports about 42 billion kWh of electrical energy per year, being the world's largest net exporter of electricity due to its very low cost of generation, while gaining over EUR 3 billion per year from this.
read more... 28/01/2014