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EU Proposes Rules to Prevent Wholesale Energy Market Abuse

EU Proposes Rules to Prevent Wholesale Energy Market Abuse

Πεμ, 9 Δεκεμβρίου 2010 - 16:59

The European Commission has today proposed rules on wholesale energy markets to prevent market manipulation and insider trading. The Regulation seeks to ensure market transparency by obliging energy traders to respect clear market rules. Wholesale markets, where gas and electricity is traded between companies producing energy and traders, are key to the prices consumers finally pay.

World Oil Prices May Fall to $60 per barrel in Three Years Warns Minister

World Oil Prices May Fall to $60 per barrel in Three Years Warns Minister

Πεμ, 9 Δεκεμβρίου 2010 - 14:43

Global oil prices may fall to $60 per barrel within the next three years for a period of about six months, which will have a strong negative impact on the Russian economy as it heavily depends on world energy prices, Russian Finance Minister Alexei Kudrin said on Wednesday.

Brazil and India Lead in Global Decarbonization, says PwC

Brazil and India Lead in Global Decarbonization, says PwC

Πεμ, 9 Δεκεμβρίου 2010 - 14:42

Brazil and India are leading the G-20 countries in the worldwide race toward reducing carbon dioxide emissions in relation to economic activity, according to PricewaterhouseCoopers’ Low Carbon Economy Index.

EU Wants To Clamp Down On Abuses In Energy Trading

EU Wants To Clamp Down On Abuses In Energy Trading

Τετ, 8 Δεκεμβρίου 2010 - 18:33

The European Commission proposed Wednesday new rules to clamp down on illicit practices in wholesale energy trading, in a bid to make prices more transparent as it pushes for stronger competition in a market worth billion of euros.

Chinese Official Sees More Progress On Climate Talks Next Year

Chinese Official Sees More Progress On Climate Talks Next Year

Τετ, 8 Δεκεμβρίου 2010 - 18:33

China sees the current round of U.N. climate change talks as an opportunity to move forward on decisions that will come next year, but not at the end of the week when the Cancun conference ends, a top Chinese negotiator said Tuesday.

RWE Shelves Plans For CCS Plant In Western Germany

RWE Shelves Plans For CCS Plant In Western Germany

Τετ, 8 Δεκεμβρίου 2010 - 18:33

German utility RWE AG (RWE.XE) said Wednesday it has shelved plans to build a coal-fired power plant with large-scale carbon capture and storage technology, a year after it said the project would be delayed due to a lack of adequate legislation.

Russia May Revive PSAs For New Oil, Gas Projects-Shmatko

Russia May Revive PSAs For New Oil, Gas Projects-Shmatko

Τετ, 8 Δεκεμβρίου 2010 - 18:32

Russia said Wednesday it may revive the practice of production-sharing agreements for new oil and gas projects, like the PSAs it had signed with companies ExxonMobil Corp (XOM) and Royal Dutch Shell PLC (RDSA) in the 1990s, indicating an radical change to the government's current position on partnership deals.

GDF Suez Enters Exploration In Greenland Waters

GDF Suez Enters Exploration In Greenland Waters

Τετ, 8 Δεκεμβρίου 2010 - 18:32

French energy giant GDF Suez (GSZ.FR) Wednesday said it has signed its official entry into two gas and oil exploration licenses with the Greenlandic Ministry of Industry and Mineral Resources, and has a share of 26.3% in each license.

2010 Oil Demand Growth 2nd Biggest Ever -WoodMac

2010 Oil Demand Growth 2nd Biggest Ever -WoodMac

Τετ, 8 Δεκεμβρίου 2010 - 18:32

Oil demand is on track to grow by 2.5 million barrels a day in 2010, the second largest annual increase on record, says consultancy Wood Mackenzie. "Only twice before in the past 30 years has demand grown as much as this...2010 will be second only to the surge in 2004," it says.

Thailand: 4,300 MW of Renewables with Feed-in Tariffs

Thailand: 4,300 MW of Renewables with Feed-in Tariffs

Τετ, 8 Δεκεμβρίου 2010 - 17:16

Since the introduction of its small power program in 2006, Thailand has signed contracts to develop 4,300 MW of renewable generation. Nearly half of the contracts--1,800 MW--are for solar energy alone.

Turkey: Tenders for Power Grids Attract $5.05 bln in Bids

Turkey: Tenders for Power Grids Attract $5.05 bln in Bids

Τετ, 8 Δεκεμβρίου 2010 - 15:03

Turkey attracted $5.05 billion in bids at tenders for three state-run electricity-distribution networks, reducing the state's role in the energy sector and bringing much-needed investment to the country's power grids.

GEK Terna, Mytilineos Go After Syrian Power Pie

GEK Terna, Mytilineos Go After Syrian Power Pie

Τετ, 8 Δεκεμβρίου 2010 - 15:02

Syria selected Mitsui & Co of Japan and 15 other companies and groups to bid this month for a contract to build and operate the country’s first privately owned power plant, an Electricity Ministry official said. The Nasserieh plant, to be located northeast of the capital Damascus, will have a capacity of 180 to 250 megawatts, Khaled Homsi, head of the ministry’s public-private partnership unit, said in written comments yesterday.

E.ON Ruhrgas Sees No Quick End To Gas Surplus Supply

E.ON Ruhrgas Sees No Quick End To Gas Surplus Supply

Τρι, 7 Δεκεμβρίου 2010 - 18:39

E.ON Ruhrgas, the gas unit of German utility E.ON AG (EOAN.XE), said Tuesday it doesn't expect a quick end to the surplus supply situation on the market for natural gas.