Latest news
Rosneft is tripling oil supplies to China
Russia's top oil producer OAO Rosneft signed an agreement with China to increase crude oil deliveries, reinforcing energy relations between Russia, the world's largest energy producer, and China, the biggest consumer. Russian state-owned oil major Rosneft intends to tripling supplies to China to 1 million barrels a day via the Eastern Siberia–Pacific Ocean oil pipeline.
read more... 25/03/2013
Centrica inks the first LNG deal with U.S.
British energy giant, Centrica has entered into an import deal with North America's Cheniere Energy , being the first natural gas agreement with U.S.
read more... 25/03/2013
EU bank to provide 500 million loan to France
The European Investment Bank has decided to grant a loan of about 500 million euro aiming to help finance upgrades to seven of France's high-voltage and very-high-voltage power grid projects through 2016, the funds will help guarantee the quality and security of France's electricity supply, and would allow the country to add new-generation and renewable sources to its grid counting also a major investment in renewable energy sources.
read more... 22/03/2013
UK: Shale gas could cut reliance on gas imports and reduce emissions
The new shale gas allowance will help the UK to cut its reliance on imported gas making the nation energy independent and helping also to reduce gas emissions. According to some studies, shale gas is the only way to counterbalance the effects of the growing reliance on imports.
read more... 21/03/2013
EDF gets green light for the construction of Hinkley Point C nuclear reactor
The French energy major EDF got green light from UK’s energy secretary on Tuesday to build the nation’s first new nuclear power station at in Somerset in almost 20 years.
read more... 21/03/2013