Two of Europe’s largest power exchanges are teaming up to create a new spot market. Nord Pool Spot and EPEX SPOT say that their new joint venture, as yet unnamed, could make it easier for traders and help customers get better prices as a result. The new platform will allow traders to buy and sell […]

Westinghouse Electric Company will supply 12 replacement steam generators for EDF’s French nuclear fleet. The nuclear technology provider, which was bought by Toshiba Corp and The Shaw Group for over $5,000million in 2007, will design and make the steam generators for the French energy company. Yves Brachet from Westinghouse said: “The signature of this contract […]

Gas company BG Group announced it has signed a deal with Gujarat State Petroleum Corporation in India for up to 2.5 million tonnes per year of Liquefied Natural Gas. The deal has the provision to last for up to 20 years beginning as early as 2014. BG Group and GSPC intend to complete negotiations of […]

Unannounced inspections bythe European Commission took place at various affiliates ofGazprom in Europe earlier this week, aswell assome ofits customers, over alleged breaches ofEUantitrust rules to do withthe transactions ofgas. The company said they felt hard done by and that they had in fact always adhered to international law: “Gazprom was not informed ofthe existence […]

The gas processing market, which purifies raw natural gas and makes it safe for consumers, could hit $12.5billion in value by the end of the year, claims a new report. The Gas Processing Infrastructure Market 2011-2021, by energy analysts at Visiongain, predicts a boom in market value. The analysts point to World Energy Council figures […]

Energy exchange APX-ENDEX, in cooperation with Port of Rotterdam, plan to launch a biomass exchange in November. Having received approval by the Netherlands Authority for the Financial Markets, APX-ENDEX is now ready to launch the market, which it claims will help hit renewable energy targets. Bert den Ouden, CEO of APX-ENDEX: “This market will underline […]

How will the UK network cope with a low carbon future? We speak to industry leaders about how the Grid will handle the future low carbon energy world that has been planned. Other National Grid stories: Major firms welcome supergrid news Supergrid is a cheap solution, say MPs Six pylon design finalists revealed Stick to […]

The Swiss government has announced that it will not replace its existing nuclear fleet, set to decommission by 2034. Nuclear power provides 40% of Switzerland’s energy. Ex-President of the Soviet Union Mikhail Gorbachev had recently urged Swiss politicians to turn their backs on nuclear as they create a new energy policy. Alexander Likhotal, President of […]

DECC has closed a loophole in rules for its renewable energy subsidy to stop large-scale projects sucking up funds intended for smaller ones. The Feed in Tariffs (FiTs) offer subsidies to renewable projects like solar installations. Under the technical loophole, if you had a solar farm under 50KW and were getting the higher FiTs rate, […]

The International Atomic Energy Agency (IAEA) has formed a nuclear action team to follow up on the lessons learned after the Fukushima Daiichi nuclear accident in Japan earlier this year. The Nuclear Safety Action Team will be responsible for putting in place a 12-point action plan. This includes plans to improve nuclear safety, emergency response […]