NHK reports that Japan is considering company support measures to long-term LNG contracts.
NHK reported that the Japanese government was considering measures to encourage companies to sign long-term contracts to purchase liquefied gas in order to guarantee a steady supply of this super-chilled fuel.
Santos Australia misses out on profit due to production costs and lower prices
Santos, an Australian oil and natural gas exploration company, posted a larger-than-expected drop in its first-half profits on Wednesday. This was due to lower realized prices and higher production cost amid a weak demand from China, the top consumer.
Natural Gas Liquid Market to Cross 14 mbl/day by 2025
Global Natural Gas Liquid Market is poised to cross 14 million barrels per day by 2025, said a study.Japan natural gas liquid market is projected to surpass an annual consumption of 0.2 mbl/day said the latest…
Partners Group invests in Greenlink
Private markets investor Partners Group has provided equity financing for the 500-MW Greenlink interconnector, the subsea connection between Wales and Ireland in exchange for a stake in the scheme.To-date, Greenlink has been developed by Element Power…
Google Buys into New Finnish Wind Energy in Renewables Search
Google said it has signed a 10-year deal to buy renewable energy from three new wind farms that are being built in Finland and which will power one of its data centers.Big companies have rushed to secure cheap renewable energy to manage costs and reduce their
EU Okays German Offshore Power Surcharge Reductions
The European Commission said on Tuesday it had approved a German plan to grant reductions of an offshore power surcharge to intensive electricity users and to railway operators. The German plan foresees that from…
Texas $1 bln Carbon Project to Curb Emissions, up Oil Recovery
NRG Energy Inc and JX Nippon Oil & Gas Exploration Corp said on Tuesday they had begun operations at a $1.04 billion carbon capture facility at a Texas coal-fired power plant and were using the emissions to extract crude from a nearby oilfield.
German Cabinet Okays Renewable Energy Reforms
The German cabinet approved reforms to Germany's renewable energy law on Wednesday aimed at slowing the growth and better controlling the cost of green energy sources. Generous green subsidies have led to a boom in renewable energy…
Statoil Invests $ 3 mln in United Wind
Statoil Energy Ventures announces today that it has invested USD 3 million in United Wind, the leading provider of distributed wind energy leasing solutions. This is the first investment by Statoil Energy Ventures…
Eagle LNG Seeks Greenlight for LNG Exports
Eagle LNG Partners has submitted an application with the US Department of Energy (DOE) requesting long-term, multi-contract authorization under Section 3 of the Natural Gas Act to engage in exports of natural gas in the form of liquefied natural gas (LNG).
White House Aims to Boost Homeowner Renewable Energy Use
The White House on Monday expanded its push for greater renewable energy adoption, announcing fresh financial incentives for solar panels, smart grid technology and other alternative energies for homeowners and builders.
Japan Sees Little Scope for Power Price Cuts
Japan will find it difficult to reduce electricity costs to levels last seen before the Fukushima nuclear plant disaster, the head of the panel deliberating the country's 2030 targets for power generation said on Wednesday.
Kenya Says no Power Price Rises Expected Due to Drought
Kenya will not raise electricity costs despite a drought that is affecting water levels in its hydropower dams because it is generating more power from geothermal steam, the government said on Tuesday. Endowed…
Mexico says Energy Price Hikes over for 2015
Mexico's government said on Friday that its latest "gasolinazo," or gasoline price spike, will be the only increase this year. The fuel price hike in the world's 10th biggest crude producer comes as slumping international…
Bulgaria Signs Nuclear Deal with Westinghouse
Deal needs approval of next Bulgarian government, but would reduce Bulgaria's energy reliance on Russia. New reactor would come on stream by 2023. Bulgaria, one of five EU states that depend totally on Russia for nuclear fuel…
Bulgaria Revokes Charge on Solar, Wind Firms
Bulgaria's top court has revoked a 20 percent charge imposed on the income of solar and wind power producers this year, in a ruling that protects renewable energy investors in the Balkan country but would widen state deficits related to clean energy.
Italy to Help Businesses with Electricity Costs
Italy moved to help small- and medium-sized businesses with their electricity costs and launched a package of measures to improve investment under legislation introduced last week and detailed to reporters on Wednesday.
Prices Mixed as June Contract Rises While July Declines
European physical coal prices were mixed on Wednesday, with the June delivery contract regaining some ground after trading at its lowest level since late February in the previous session, while the July contract continued to decline.
Statoil Awards Siemens Wind Farm Service Contracts
As operator, Statoil has awarded two contracts to Siemens plc for the engineering, supply, assembly, commissioning and service of 67 wind turbine generators for the Dudgeon Offshore Wind Farm project. The wind…
