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Daily: European prompt power prices fall on strong wind supply, lower consumption
Brent crude recovered on Tuesday after a 5-year low and U.S. crude also rebounded as players were looking for a viable price for oil in a market chased by supply glut worries. Brent increased 65 cents, or 1 percent, to settle at $66.84 a barrel. U.S. crude rose 77 cents to close at $63.82 a barrel, after having fluctuated between a high of $64.20 and low of $62.25.
read more... 10/12/2014
Romania to become gas self-sufficient by 2020
Romania will have by 2020 a gas production to cover its consumption and its smaller eastern neighbor Moldova, and the nation's gas grid operator will have to invest in its infrastructure to deal with additional resources, as stated by the energy minister on Wednesday.
read more... 02/10/2014
Poland might extend new LNG terminal to equal half its annual consumption
Poland might increase storage at a new liquefied natural gas import terminal to equal half its annual consumption after observing huge interest in the market, as stated by the manager of its gas grid, since it wants to reduce reliance on Russian imports.
read more... 08/09/2014
Slovakia: the pipeline to deliver gas from the EU to Ukraine has been opened
Slovakia launched a pipeline on Tuesday able to carry gas from the European Union to Ukraine, a connection that could potentially provide about 20 percent of the country's annual consumption since Kiev deals with a cut of Russia supplies ahead of winter.
read more... 03/09/2014
Germany: new website launched by EEX for transparent trading data
German energy exchange EEX declared on Tuesday it has launched a new website indicating energy output, storage and consumption data, with the aim to improve transparency in wholesale markets.
read more... 03/09/2014