2019, October, 23, 12:30:00RUSSIA, UKRAINE GAS DISPUTES
The current 10-year agreement between Gazprom and Naftogaz expires at the end of 2019, and the European Commission is brokering talks aimed at putting in place a new contract to take effect from the start of 2020.
2019, October, 23, 12:25:00NOVATEK WITHOUT SANCTIONS
NOVATEK announced that Yamal LNG is no longer considered a “Blocked Person” under the US Department of the Treasury’s Office of Foreign Asset Control or “OFAC” rules.
2019, October, 23, 12:20:00RUSSIA, AFRICA DIALOG
President Vladimir Putin will host the Russia-Africa Summit in Sochi this week as Russia looks to expand its footprint in Africa.
2019, October, 23, 12:15:00RUSSIA, SERBIA NUCLEAR CENTER
Russia and Serbia signed an intergovernmental agreement on cooperation in the construction of the Center for Nuclear Science, Technology and Innovations in the Republic of Serbia.
2019, October, 23, 12:10:00NUCLEAR POWER FOR INDIA
Nuclear power for civil use is well-established in India. Since building two small boiling water reactors at Tarapur in the 1960s, its civil nuclear strategy has been directed towards complete independence in the nuclear fuel cycle, necessary because it is excluded from the 1970 Nuclear Non-Proliferation Treaty (NPT) due to it acquiring nuclear weapons capability after 1970. As a result, India's nuclear power programme has proceeded largely without fuel or technological assistance from other countries.
2019, October, 23, 12:05:00NUCLEAR POWER FOR CZECH
The Czech Republic has six nuclear reactors generating about one-third of its electricity. Four VVER-440 units are at Dukovany, in Vysočina Region, and two VVER-1000 units are at Temelín, in South Bohemian Region. The country is phasing out its coal-fired power plants and will need to increase the share of nuclear power if it is to remain self-sufficient in electricity supply.
2019, October, 23, 12:00:00SMALL NUCLEAR FOR POLAND
GE Hitachi Nuclear Energy (GEH) has announced an agreement to collaborate on the potential application of its BWRX-300 small modular reactor technology in Poland.
2019, October, 23, 11:55:00LNG FOR EUROPE UP
Europe looks set for more LNG imports in the near term as the TTF and NBP prompt months are due to retain premiums to the JKM spot price amid the rising charter costs to Japan and South Korea, traders say.
2019, October, 23, 11:50:00U.S. OIL MAXIMUM
The brisk pace of U.S. production, now the world’s largest, in the past few years has been a key factor behind the relative weakness in oil prices. Output has slowed recently, however.
2019, October, 23, 11:40:00GLOBAL GROWTH RESTRAINED
Global growth remains subdued, reflecting the softening pace of investment and trade. Downside risks persist due to continued policy uncertainty, trade tensions, financial volatility, and rising debt.
2019, October, 23, 11:35:00ASIA'S WIND ENERGY WILL UP
Global wind power could rise ten-fold reaching over 6000 GW by 2050. By midcentury, wind could cover one third of global power needs and – combined with electrification – deliver a quarter of the energy-related carbon emission reductions needed to meet the Paris climate targets. To reach this objective, onshore and offshore wind capacity will need to increase four-fold and ten-fold respectively every year compared to today.
2019, October, 23, 11:30:00$50 BLN FOR BRAZIL
An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates.
2019, October, 23, 11:25:00PEMEX BONDS UP
The bonds have rallied to their highest since April 2018 as money managers turn more sanguine about the state oil firm following a $7.5 billion bond sale to refinance its debt, potentially staving off another ratings downgrade. Pemex’s dollar-denominated bonds maturing in 2027 jumped 14% from their November low to 105.4 cents on the dollar, climbing for an eighth consecutive day on Tuesday.
2019, October, 23, 11:20:00RENEWABLE ENERGY BENEFITS
As the IRENA Director-General Francesco La Camera said recently at the International Energy Forum in Riyadh, Saudi Arabia: “It is perfectly possible to generate sufficient cheap, reliable energy from renewable sources. Not only is it possible, but it is also our best option, as it would bring higher socio-economic benefits than business as usual, and it would allow us to effectively address climate change.”
2019, October, 23, 11:10:00COLOMBIA'S RENEWABLE INVESTMENT $2.2 BLN
Colombia has awarded contracts for wind and solar projects worth about $2.2 billion, the government said on Tuesday, as part of its efforts to boost renewable energy generation in the Andean country.