Latest news
Coal to become the main fuel in Southeast Asia by 2035
According to the International Energy Agency, in the Southeast Asia region coal will overtake natural gas as the main power generating fuel by 2035, with its share growing to 49% from current 31% while the share of gas will fall to 28% from 44%. It is expected that the region will depend even more on oil imports in the next 20 years due to a rapidly rising energy demand.
read more... 02/10/2013
China to become third largest producer of natural gas by 2035
According to Torstein Indreb, the secretary general of the International Gas Union, China is expected to become the world's third largest natural gas producer in 2035. For China, boosting domestic natural gas production would mean reduced dependency on costly imports in the form of liquefied natural gas or pipelines from Russia and central Asia.
read more... 02/10/2013
Daily: British wholesale gas boost on new gas year start
Brent crude dropped below$108 a barrel on Tuesday, trading near a 7-week low on the expectations for a U.S. government shutdown that could hurt oil demand, while investors also eyed easing tensions in U.S.-Iran nuclear negotiations. Brent crude for November declined by 38 cents to $107.99 a barrel by 02:55 GMT. Meanwhile, U.S. crude settled at $101.95, down 38 cents.
read more... 02/10/2013
Russia launched its first renewables tender to spur green energy generation
Russia, being an oil and gas giant, has launched its first renewable energy tender, auctioning about 500MW in capacity, mostly to solar projects.
read more... 30/09/2013
U.S on the right way to meet its 2020 carbon emissions target
The U.S. has hit an important milestone in the reduction of GHG emissions. The U.S. State Department has announced recently that the U.S. is on the right way to reduce its emissions of greenhouse gases by 17% by 2020 if it endorses the proposed rules to cut pollution from power plants and curbs methane leaks.
read more... 27/09/2013