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Scottish Power increase SVTs

Scottish Power increase SVTs

Scottish Power has become the latest Big Six company to announce a hike in bills, which will increase by 10% in April, as a result of Ofgem increasing the energy price cap earlier this month. The energy supplier, owned by Iberdrola, is the fifth of the Big Six firms to […]

TransCanada applies for gas shipment clearance

TransCanada applies for gas shipment clearance

TransCanada has applied to the National Energy Board of Canada for permission to transport natural gas from the west of the country to New Brunswick, via existing pipeline infrastructure. The application has also gained the support of Enbridge and Irving Oil – two of the largest gas retailers in New […]

Gazprom to deliver gas to China ahead of schedule

Gazprom to deliver gas to China ahead of schedule

Russia’s state-owned gas giant Gazprom will begin deliveries to China through the Power of Siberia pipeline as early as 1 December 2019, according to the chairman of the company’s management committee, Alexey Miller. The project was initially expected to begin transporting gas to China on 20 December 2019 and is […]

India signs annual deal for US oil

India signs annual deal for US oil

Indian Oil Corporation has signed its first annual deal to purchase US oil in a deal that will see it pay $1.5 billion for 600,000 barrels a day in the twelve months to March 2020, in the country’s bid to diversify its crude sources. IOC is the country’s top refiner […]

Czech Premier calls for bigger voice on EU’s energy policy

Czech Premier calls for bigger voice on EU’s energy policy

Czech Prime minister Andrej Babis has called for smaller members of the European Union to have a greater say on issues, including energy, migration and the bloc’s budget. During the ANO party congress, held in Prague, Babis said: “We want member states to have significant influence on Europe’s development, so […]

US nuclear developers call on Trump to sell plants abroad

US nuclear developers call on Trump to sell plants abroad

US nuclear energy developers have met with President Donald Trump to ask him to help win foreign contracts to build power plants abroad. Following the meeting held at the White House, Chris Crane, the chief executive officer at the larger US operator of nuclear power plants Exelon Corp, said: “There […]

Gazprombank freezes PDVSA accounts

Gazprombank freezes PDVSA accounts

Russian lender Gazprombank has said it has frozen the accounts of Venezuelan state-owned energy giant PDVSA and ceased transactions with the firm, in a bid to avoid falling under US sanctions. Foreign companies have been reducing their exposure to PDVSA ever since the US first imposed restrictions, however the shift […]

Nuclear deals concluded on trade after Brexit

Nuclear deals concluded on trade after Brexit

Britain has finalised all replacement international agreements needed for continuity of nuclear trade post-Brexit, according the business secretary Greg Clark. Greg Clark said deals had been made with Australia, Canada and the US which also safeguarded agreements with the International Atomic Energy Agency (IAEA). The UK has an existing agreement […]