Latest news
China on track to become world’s biggest oil importer
China is on track to become the world’s largest importer of crude oil, surpassing the U.S. for the first time. In the first 7 month of this year, China’s crude oil imports have already risen 1.4 % to 164 million tons. China is already the biggest energy consumer in the world and the second-largest oil consumer after the United States.
read more... 13/08/2013
Israel, Greece and Cyprus signed “historic deal” on electricity cooperation
Israel, Greece and Cyprus signed a memorandum of understanding (MoU) on 7 August in Nicosia on cooperation in the fields of energy and water.
read more... 12/08/2013
IEA: Coal demand will continue to grow in the next years to come
According to a new report recently released by the International Energy Agency (IEA) coal could become the world's top energy source by 2017 along with oil. The IEA expects an increase in coal demand all over the world except the US, where natural gas is replacing the black mineral as feedstock for the production of electricity.
read more... 09/08/2013
Spain envisages 2.7 billion euro cuts in subsidies
Spain's government intends to cut subsidies for renewable-energy suppliers and increase electricity bills as part of widespread reforms to its energy policy. The government had announced a series of actions intended at reducing the country’s tariff deficit, which amount to more than 26 billion euro, and has been accumulated as a result of a discrepancy between generating costs and electricity prices for consumers for a long period.
read more... 09/08/2013
IEA: CO2 emissions from energy consumption increased in 2012 worldwide
According to a recent report released by the International Energy Agency (IEA) global CO2 emission from energy consumption increased 1.4% last year to 31.6 billion tons. The energy sector accounts for more than two-thirds of greenhouse gas emissions.
read more... 08/08/2013