Other News

US LNG fleet eye Asian markets

US LNG fleet eye Asian markets

Producers of US liquefied natural gas (LNG) have turned their attention towards the lucrative Asian market following a surge in spot prices during 2016. Asian spot prices currently sit around $9.75/MMBtu, compared to $4/MMBtu in April 2016. Between November and December 2016, spot prices jumped by 27 per cent – […]

UK blackout risk over strike threat 

UK blackout risk over strike threat 

The UK is facing the prospect of power blackouts as power station staff threaten to strike over government moves to reform the pensions for workers employed by the Nuclear Decommissioning Authority. Four unions – GMB, Prospect, Unite and ASLEF – are involved in planning the strike action for nineteen different […]

Mexico petrol protests: two dead and 700 arrested

Mexico petrol protests: two dead and 700 arrested

The Mexican government has forged ahead with policy seeking to end the reign of Pemex, the state-run energy company that has enjoyed an oil and gas monopoly for decades. The company has been involved in several alleged instances of corruption including massive political donations to sympathetic parties, various forms of […]

World’s largest nuclear plant won’t re-open for ‘several years’

World’s largest nuclear plant won’t re-open for ‘several years’

Steps to re-open the Kashiwazaki-Kariwa nuclear power plant are being taken by owner Tokyo Electric Power Company Holdings Inc. (Tepco), but the process will take ‘several years’. This comment came from the Governor Ryuichi Yoneyama, of the Niigata Prefecture. He highlighted the 2011 Fukushima disaster as the primary cause of […]

NEW YORK - APRIL 27: Financial professionals sit in the Goldman Sachs booth on the floor of the New York Stock Exchange watch a television showing market news April 27, 2010 in New York City. U.S. stocks dropped sharply April 27 after Standard & Poor's downgraded the debt of Greece and Portugal, sending the Dow Jones industrial average down more than 200 points.  (Photo by Chris Hondros/Getty Images)

Energy steps ahead of other commodities in 2016

Energy was the top pick in 2016 according to the S&P Goldman Sachs Commodity Index, with energy commodity prices rising more than any other major commodity group last year. The S&P GSCI shows that the price of energy stocks shot up by 48% over the course of 2016. This growth […]

Despite assurances, UK taxpayer still liable for new nuclear loan guarantees

Despite assurances, UK taxpayer still liable for new nuclear loan guarantees

The UK taxpayer may be liable for £2 billion of loans linked to the new nuclear power station at Hinkley Point, despite the UK government previously ruling this option out. EDF, which will build the plant, had been originally offered the loan guarantees in 2015. But last September ministers announced […]

Australian government backs future investment in coal

Australian government backs future investment in coal

 The Australian government is backing a $100 billion investment target in the coal industry, including increasing production and eyeing up the potential of international exports.  The resources Minister Matt Canavan said: “For the foreseeable future, coal will remain one of the core parts of the energy supply mix to provide […]