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Slow surge in global gas demand due to high prices

Slow surge in global gas demand due to high prices Very high costs and supply issues are estimated to lag the expansion in requirements and demands for natural gas. That’s according to the newest Gas Market Report by the International Energy Agency (IEA), which estimates that global natural gas expenditure will contract slightly this year…
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Oil prices to reach $380 a barrel if Russia cuts more off

Oil prices to reach $380 a barrel if Russia cuts more off: Experts have cautioned that oil prices could soar to ‘stratospheric’ levels because of sanctions imposed by Western countries. If Russia responds to sanctions with reductions in crude oil output, the authors of a current report by JP Morgan Chase forecast that worldwide oil…
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Sizewell C eyed by centrica?

Sizewell C eyed by centrica? British Gas owner Centrica is reportedly to have plans to join EDF in assisting the Sizewell C nuclear power station in Suffolk. According to Daily Mail, Centrica has arranged to take a stake in the project which is currently at a stage to appeal to new investors. A couple of…
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Putin to take control of project owned partly by Shell

Putin to take control of project owned partly by Shell: Vladimir Putin has signed a decree that will possibly allow Russia to take hold of an energy project owned by Gazprom, Shell as well as other foreign entities. The decree hands over the rights of the project to a new Russian business. At present, Shell…
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Government called to end standing charge

Government called to end standing charge Fresh calls have been made for the abolition of the standing charge on energy bills. A new survey by the campaign group Fuel Poverty Action (FPA) shows nearly 81% of customers back the idea of getting rid of the standing charge, the charge of about 44p per day on…
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Russia gas cuts have a large impact on Uniper

Russia gas cuts have a large impact on Uniper Energy group Uniper, which holds and conducts eight power plants all across the UK, including hard coal power plant Ratcliffe-On-Soar in Nottinghamshire, is reportedly in talks for a potential bailout. In past weeks, the cut gas movements from Russia had a large impact on the company’s…
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Limited energy supplier options for disabled consumers

Limited energy supplier options for disabled consumers Disabled consumers in the UK experience limited decision and mindset of disempowerment when choosing utility providers. That’s one of the bothersome discoveries of new polling by the Business Disability Forum which displays more than six-in-ten people stated that their disability or access needs had made it more harder…
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UK’s fracking firms might be qualified for tax breaks

UK’s fracking firms might be qualified for tax breaks Fracking companies may get help from tax breaks by using a loophole in the government’s windfall tax. That’s the suggestion from a analysis uploaded by the campaign society Uplift which implies the investment allocation tied to Energy Profits Levy could prolong to fracking companies, which may…
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Non nuclear energy systems will not be as sustainable.

Non nuclear energy systems will not be as sustainable. Building viable and pure energy systems will be harder, unsafe and more expensive without nuclear. This is one of the adventurous discoveries of the International Energy Agency‘s Nuclear Power and Secure Energy Transitions analysis which implies nuclear power could play a significant role in helping countries…
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Dead end for carmakers?

Dead end for carmakers? The British automotive industry could be the next victim of rising energy prices. New reports from the Society of Motor Manufacturers and Traders (SMMT) displays firms face a £90m boost in their energy bills this year as prices climb by a staggering 50 percent. The report implies the UK electricity costs…
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