Latest news
European gas market ahead of 2012
The European Union's natural gas network is likely to be oversupplied by over 10% in 2011 of last year's entire consumption, calling into doubt last summer's decision by many utilities to raise their retail gas prices for 2012.
read more... 25/10/2011
Natural gas versus coal: UK Gas demand 2 % down this winter
According to the estimations of National Grid, the UK network operator, the British gas demand will decline by 2 % this winter, as the power plants prefer cheaper coal to produce electricity instead of natural gas, even if the gas fired plants eliminate less carbon emissions.
read more... 30/09/2011
India to boost its solar power industry
The solar industry is seen as a fast growing industry in India, due to the country’s favorable geographical position and high population density. The Indian Government recently introduced a supportive framework for solar power which provides that the development of solar power will constitute a new alternative in supplying the country with electricity, however almost half of the Indian households are not connected to the electricity network.
read more... 07/06/2011
Statoil sold 24.1 percent of its gas pipeline stake
The Norwegian state energy giant, Statoil said on Monday that it will sell a 24.1 percent stake in the world's largest offshore gas pipeline network to an investment group including German insurer Allianz and the Abu Dhabi Investment Authority for 17.35 billion crowns ($3.25 billion).
read more... 07/06/2011
Alstom Grid to reinforce the Saudi Arabian electricity network
Alstom Grid a unit of French heavy engineering group Alstom has won two contracts valuing at €57 million for five substation extensions and two new units in Saudi Arabia.
read more... 19/04/2011