Latest news
Italy’s Edison gets price reduction for gas delivered by Gazprom
The Russian energy giant, Gazprom has agreed to reduce its gas prices for Italy’s Edison S.p.A, as the Italian company has filed a lawsuit to win cheaper tariffs, business daily Kommersant reported on Monday.
read more... 26/07/2011
Daily energy Overview, Monday, July 25, 2011
U.S. crude oil futures traded near 100 dollars a barrel on Friday, the utmost level over the last six weeks. NYMEX crude for September delivery traded at 99.87 dollars a barrel, up 74 cents, the highest since June 9, when it hit 101.93 dollars.
read more... 25/07/2011
EU to endorse new biofuel certification scheme
New sustainable biofuel schemes were approved recently by the European Commission which will certify biofuels produced within the European Union or imported into the EU zone. It also underlines the importance of further maintaining the forest and wetland areas of using them incorrectly as to produce biofuel.
read more... 25/07/2011
Russia files a lawsuit against Bulgaria over delayed nuclear plant
Russia filed a lawsuit against Bulgaria’s National Electric Company (NEK) in order to accelerate the construction of the Belene nuclear power plant, the first in the EU that is totally dependent on Russian technology.
read more... 25/07/2011
EBRD and EIB to allocate $308 million for Ukraine’s gas transport system reconstruction
The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) have signed a memorandum of understanding with Ukraine's national oil and gas company, NAK NaftoGaz, to allocate $308 million for the modernization of its obsolete gas transportation system.
read more... 25/07/2011