Latest news
Bulgaria to cooperate with Gazprom on South Stream Project execution
The South Stream gas pipeline remains a project of strategic importance for Bulgaria, as the pipeline is intended to bring Siberian gas to Europe under the Black Sea. The project is set to be the main pipeline to southern Europe, as the competing Nabucco pipeline project, that was privileged by the European Union, failed at the tender stage. South Stream is expected to transport about 63 billion cubic meters of gas.
read more... 10/07/2013
Daily: British gas edges up on colder weather forecast, drop in imports from Norway
Brent crude oil dropped on Monday following news that Libya’s major Sharara oilfield and an Iraqi pipeline will resume operations, easing concerns about global oil supplies after an early hike to a three-month high above $108 a barrel on continuing unrest in Egypt.
read more... 09/07/2013
India to become world’s largest coal importer in 2014
India could become the world's main importer of coal for power stations by the next year as China burned the fuel in 2012 at the slowest pace since 2008 and is trying to shift to green energy alternatives, meanwhile India is burning coal at the fastest pace in the last 30 years.
read more... 01/07/2013
German coal-fired power plant projects
Following are details of the status of coal-fired power plant projects in Germany, a sector targeted by campaigners against climate-harming carbon emissions. The rapid expansion of green energy has also curbed progress for new fossil fuels-based plants, although they were expected to play a bigger role in the energy mix after Germany decided on a quicker-than-planned withdrawal from nuclear power. Coal is still Germany's most important generation fuel.
read more... 20/06/2013
Russia increase its oil deliveries to China
In a move which aims to reduce oil exports to European market, Russia has recently announced that it intends to increase oil flows to Asia, making Beijing its top customer, which now imports a fifth of oil exports from the major crude oil producer in the world.
read more... 19/06/2013