Latest news
BGS: Britain's shale gas reserves are much larger than previously estimated
According to a new report performed by the British Geological Survey, UK may hold shale gas deposits that could supply the country for 25 years, ramping up the previous estimates.
read more... 28/06/2013
Daily: British prompt gas prices slightly increase as export pipeline resumes
Crude oil futures increased for a fourth consecutive session on Thursday, boosting over $1 a barrel on hope that monetary stimulus measures from major central banks would stay in place for the time being.
read more... 28/06/2013
TAP has won the tender to carry gas to Europe
The Shah Deniz II consortium has announced yesterday that it has made the choice and selected the Trans Adriatic Pipeline to carry gas to Europe, defeating the Nabucco West consortium. TAP is expected that will transport more than 20 billion cubic meters per year of natural gas from the Shah Deniz II field in Azerbaijan, through Greece and Albania to Italy and further into Western Europe. Nabucco West and TAP were the only two bidders in the project to transport the Azerbaijani gas.
read more... 27/06/2013
Renewable energy to exceed nuclear and gas in the next year to come
The IEA has released its second annual Medium-Term Energy Market Report, according to which renewable sources will exceed natural gas as a power source and will be twice the contribution from nuclear energy globally by 2016, being second only to coal.
read more... 27/06/2013
Daily: European spot power prices trade higher on weak German wind power output
Crude oil boosted on Wednesday backed by a considerable increase in U.S. gasoline stocks, encouraged by gains in the stock market and heavy spread trading. Brent crude for August delivery rose 40 cents to settle at $101.66 a barrel, while U.S. crude traded 18 cents up to settle at $95.50 a barrel. The Brent benchmark traded down 8.5 percent for the quarter, its third quarterly consecutive loss, having declined after Fed Chairman Ben Bernanke performed a roadmap last week to slow bond buying and on concerns about an economic slowdown in China.
read more... 27/06/2013