Latest news
Japan to fund coal-fired power plants worldwide
The Japanese government has unveiled its support for the development of coal-fired power worldwide, by providing an annual investment of $4 billion. The move is neglecting calls from the Obama administration and global environmental groups to reduce public funding for carbon-intensive coal.
read more... 24/07/2014
Gazprom gas prices for Europe could be reduced by 17% by 2017
Gazprom’s natural gas prices under long-term contracts with European countries are expected to be curbed by 17% to $320 per 1,000 cubic meters by 2017 thanks to gas supply diversification, including shale gas production, according to the declarations made by a representative of Russia’s Economic Development Ministry.
read more... 15/07/2014
France declares EU members are close to agreement on carbon market reform
Agreement between members on reforming the European Union’s carbon market is very close, as stated on Monday by Pierre-Marie Abadie, manager of energy affairs at France’s Ministry of Ecology, Energy and Sustainable Development.
read more... 03/06/2014
Daily: European spot power prices spurred by tight thermal capacity, healthy demand
U.S. crude futures posted a modest fall on Friday after U.S. government data on Wednesday showed a drop in crude supplies last week for the first time since late March, even if total supplies are still at record highs. Meanwhile, Brent crude inched down as traders were pending for further developments in the Ukrainian crisis.
read more... 12/05/2014
Vattenfall to close carbon capture R&D
Vattenfall stated on Tuesday it was closing research and development in carbon capture for coal power and reduce it in domains such as offshore wind power in a move that would cut over 40 jobs across the state-owned energy group.
read more... 07/05/2014