Latest news
Coal future in Europe
Because of the current low prices of coal and carbon allowances, coal has revived as an economically interesting input for power generation in Europe. The economic advantage of coal over natural gas poses major questions for the already troubled gas fired power plants, meanwhile the EU wants to see a shift from coal-fired power generation towards renewables and gas, which are emitting less greenhouse gasses into the atmosphere than power generated from coal.
read more... 03/09/2013
UK gas imports hit a new record in the first six months of 2013
British gas imports hit a new record in the first six months of 2013 with total quantities of imported natural gas amounting to 28.3 billion cubic meters, increasing 9% in comparison to 2012 levels, being also the highest first-half gas import levels ever seen.
read more... 02/09/2013
Daily: British gas prices down on an oversupplied system
The price of Brent crude oil decreased on Thursday following reports that the UK House of Commons voted to withhold from military action in Syria. Brent crude for October delivery plunged to 114.94 dollars per barrel, down 1.67 dollars, before improving to 116 dollars by 13:50 GMT. U.S. crude oil prices for October fell 1.50 dollars to 108.60 dollars per barrel.
read more... 30/08/2013
Petroleum products consumption increased worldwide
The world’s consumption of petroleum products such as gasoline, diesel fuel, jet fuel, heating oil, and other products reached a record high last year, even if there was a decline in consumption in North America and Europe. According to the Energy Information Administration, in 2012 the world consumed about 88.9 million barrels of petroleum products per day.
read more... 30/08/2013
Poland obtained its first gas from fracking
Lane Energy Poland, an exploratory subsidiary of ConocoPhillips, is now extracting some 8,000 cubic metres of shale gas per day at a test well in the northern city of Lebork in Poland. Currently it pays some of the highest gas rates in all of Europe.
read more... 30/08/2013