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Daily: German spot power contract down on heavy renewable, thermal production
Crude oil prices slipped in a volatile trading on Wednesday, dragged down by a bigger-than-expected U.S. crude stockpiles increase that overshadowed Russia’s statements about a possible meeting with Saudi Arabia that renewed hopes for a production freeze deal. Brent futures lost 32 cents, or 0.7 percent, to settle at $46.63 a barrel, while U.S. crude WTI shed 24 cents, or 0.5 percent, to end at $45.57 per barrel.
read more... 17/11/2016
Putin announces Merkel that gas supplied to EU could be siphoned off in Ukraine
Russian President Vladimir Putin informed Germany's Chancellor Angela Merkel on Monday of the risk of Ukraine siphoning off Russian gas intended for Europe, as stated by the Kremlin.
read more... 15/11/2016
Bulgaria and Romania launch a new natural gas pipeline
On Friday, Bulgaria and Romania have opened a new natural gas pipeline as part of Sofia’s objective to reduce its reliance on Russian gas. Bulgaria currently imports more than 90 percent of its gas from Russia’s Gazprom.
read more... 14/11/2016
Turkey predicts first unit of Akkuyu nuclear plant to be operational by end 2023
Turkey hopes the first unit of its scheduled $20 billion Akkuyu nuclear power plant, being constructed in cooperation with Russia, to be online by the end of 2023, as stated by energy minister Berat Albayrak on Tuesday.
read more... 09/11/2016
BP and Rosneft to create a joint venture to explore resources in Eastern and Western Siberia
British energy company BP and Russian giant Rosneft announced the creation of a new joint venture, Yermak Neftegaz LLC, to carry out exploration in the West Siberian and Yenisey-Khatanga basins in the Russian Federation.
read more... 02/11/2016