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Daily: European power prices firm alongside carbon prices
Brent crude oil registered at a three-month low on Tuesday, dragged down by the downturn in emerging markets, while U.S. crude settled higher, spurred by continued demand for heating fuels and the expectation of oil inventory figures to indicate a large draw from storage at the benchmark's delivery point, at Cushing, Oklahoma.
read more... 05/02/2014
China increased its imports of natural gas in 2013
China’s natural gas imports have been boosted in latest years as a result of growing demand, since the country is trying to decrease its fossil fuel consumption and improve air quality. China saw its total volumes of imported natural gas increasing by 25 % year on year in 2013.
read more... 04/02/2014
Wind: Spain’s main electricity source
According to the Spanish Wind Energy Association (AEE), in 2013 wind power was the main source of energy in Spain, covering almost 21 percent of total demand and producing something like 54,478 GWh of electricity last year, nuclear power produced 20.8 percent of the country’s energy requirements, followed by hydroelectric power which met 14.4 % of demand, almost doubling in comparison to a year before. Combined-cycle plants accounted for 9.6 percent, coal-fueled plants 14.6 percent while solar photovoltaic only 3.1 percent.
read more... 31/01/2014
Poland to build two new nuclear power plants
Poland's government has announced on Tuesday its intention to go ahead with the plans to build two nuclear power plants. Currently, the country produces 90 percent of its electricity from coal but wants to diversify its fuel sources, making its energy sector more efficient. Poland has opted for nuclear, in a move which aims also to help meet the environmental requirements of the European Union.
read more... 30/01/2014
Europe prefers American gas to Russian
A new report from National Journal, said that some countries of Eastern Europe intend to reduce dependence on Russian energy, while forming a group to lobby Washington to ease export restrictions, in a move which will allow them to acquire the fuel from the United States.
read more... 20/01/2014