Latest news
Angela Merkel’s coalition supports the acceleration of shale gas fracking
Chancellor Angela Merkel’s coalition is pledging for easing the extraction of natural gas by hydraulic fracturing methods, withdrawing a virtual moratorium on the controversial fracking in some German regions.
read more... 11/02/2013
Europe’s dirty secret: it consumes more coal
Europe’s consumption of coal increased last year after a long decline, due to a surge of cheap American coal on global markets.
read more... 08/02/2013
China’s consumption of coal nearly as much as the rest of the world altogether
According to the U.S. Energy Information Administration, China is now burning almost as much coal as the rest of the world combined, due to an increase of more than 200% in Chinese electric generation, in comparison to 2000 levels, fueled mostly by coal. Currently Chinese coal demand accounts about 47% of global consumption.
read more... 31/01/2013
GDF Suez submits an offer to build a 1.32 GW coal plant in Turkey
The consortium called Ada Enerji, led by French energy group GDF Suez and consisting of International Power and Mimag Enerji, has applied to Turkish energy regulator EPDK for a license to build a coal-fired power plant with capacity of 1,320 MW at the Mediterranean port of Ceyhan.
read more... 29/01/2013
Coal prices need $80 rise for gas to become competitive
A steady decline in European coal prices that has coincided with a tight gas market means that coal prices would have to rise by almost 80 USD/tonne in order to restore competitiveness to gas for power generation, Deutsche Bank said in a note.
read more... 25/01/2013