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Germany set to have 635bcf new-build LNG regasification capacity, 31% of Europe’s capacity growth by 2023

Germany is expected to drive capacity growth in Europe’s LNG regasification industry from planned and announced (new-build) projects during the outlook period 2019 to 2023, contributing around 31% of Europe’s total growth, according to GlobalData.

read more... 16/08/2019


Renewables ‘set to make up 65% of Ireland’s energy capacity by 2030’

Renewable energy is set to make up 65% of Ireland’s total installed capacity by 2030.

read more... 15/08/2019


Daily (12.08.2019): European spot power prices plummeted by nearly 70% on Friday due to a surge in renewables output

Oil prices continued to climb on Friday, in response to weaker Euroilstock data, which showed a decrease in the total crude and product inventories of 16 European countries in July. Prices also drew support from OPEC supply cuts and Saudi Arabia’s commitment to bring the oil market back to balance. Hence, Brent crude rose by 2% to $58.53 a barrel. Concurrently, WTI futures surged by 3.7% to $54.50 a barrel, on lower production growth forecasts after U.S. drillers slashed the active oil rig count for a sixth straight week.

read more... 12/08/2019


Total sells 30% stake in Trapil pipeline network for 260 mln euros

French energy group Total has agreed to sell a 30% stake in the Trapil pipeline network to crude oil storage operator Pisto SAS for 260 million euros ($289 million) as part of a broader asset sale programme.

read more... 05/08/2019


Developers of Viking Link award EUR 1.1bn worth of contracts

The developers of the 1,400-MW Viking Link interconnector between Denmark and the UK today announced they will award contracts worth a total of EUR 1.1 billion (USD 1.23bn) for the supply of cables and converter stations as part of the project.

read more... 24/07/2019