Latest news
China: natural gas imports set to jump
China, the world’s second-largest oil consumer will continue to be dependent on natural gas imports, which account for more than half of the Chinese total consumption.
read more... 28/12/2011
Global energy demand to grow by 53% by 2035
According to the U.S. Energy Information Administration report, energy consumption globally will rise by 53% between 2008 and 2035, with China and India expected to lead the growth. Even though renewable energy is likely to be the fastest growing primary energy source over the next 25 years, fossil fuels such as coal and natural gas will still be the main energy source. China’s energy consumption is expected to be 68% higher than U.S. energy demand.
read more... 26/10/2011
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
Global Recession Impacts Oil Demand Forecasts
Despite the recession in the United States and Europe, global oil demand may increase more than expected, mainly supported by stronger oil consumption in the Middle East and China, but also in Japan that underwent a tremendous economic transformation following a nuclear crisis.
read more... 13/10/2011
British Gas to install smart meters in the British homes
British Gas, considered as the biggest energy provider in the UK, announced its intention to install smart metering in about 10 million British homes, which will help customers manage the monitoring of the cost of their electricity and gas consumption instantaneously, and in the end see how much power individual appliances are spending.
read more... 07/10/2011