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Japan, Turkey agree on civil nuclear cooperation

Kyodo News InternationalMay 3, 2013 09:17
Japan and Turkey reached a civil nuclear cooperation agreement Friday that will enable Japanese companies to export atomic power generation technology to the fast-growing nation. The agreement was reached during Japanese Prime Minister Shinzo Abe's trip to Turkey, the last leg of a weeklong trip that also took him to Russia, Saudi Arabia and the United Arab Emirates.

Gazprom slips from top profit spot with $38 bn

Agence France-PresseApril 30, 2013 12:31
The world's largest gas company Gazprom on Tuesday reported $38 billion in net profits for 2012, a decline of 10 percent from the previous year that deprived it of its status as the world's most profitable company. The profits were still the third-biggest of any global company last year, but Gazprom's profitability was limited by falling sales in the domestic market, combined with rising costs. Profits for 2012 amounted to 1.183 trillion rubles ($38.17 billion) compared with 1.307 trillion rubles ($42.2 billion) in 2011, the Russian gas leviathan said in a statement.

Ethiopia and China sign $1 billion power deal

Agence France-PresseApril 26, 2013 12:31
Ethiopia signed a contract Friday worth nearly $1 billion with a Chinese energy company to build two transmission lines linking the country's largest dam to the country's central power grid. The Ethiopian Electric Power Corporation (EEPCo.) signed the deal with China Electric Power Equipment and Technology Company (CET) in the Ethiopian capital. The three-year project, which will be fully funded by the Export-Import Bank of China, will start immediately. EEPCo.'s CEO said the deal was a major step for Ethiopia's energy sector.

Russia says Egypt asks for help with gas supplies to Europe

April 20, 2013 09:00
MOSCOW (Reuters) - Egypt, struggling to meet domestic energy demand, has asked Russia to help it fulfil its gas supply contracts with Europe, Russia's Energy Minister was quoted as saying on Saturday. He also said Egypt had offered some Russian companies, including Gazprom <GAZP.MM>, Gazprom Neft <SIBN.MM>, Lukoil <LKOH.MM> and Novatek <NVTK.MM>, opportunities in the North African country's offshore oil and gas sector.

Asia leads as world's clean energy investment sags

Agence France-PresseApril 17, 2013 13:02
China and Japan stepped up spending last year in renewable energy but overall global investment declined due to economic and policy uncertainties in the West, a study said Wednesday. The annual report by the Pew Charitable Trusts found that China reclaimed from the United States its place as the nation with the most clean energy investment, which climbed 20 percent from a year before to $65.1 billion.

BOI approves P1.1-billion hydroelectric plant project in Davao del Sur

April 12, 2013 17:19
Board of Investments (BOI) has approved the application of Hedcor Sibulan Inc. (HSI), the renewable energy developer of the Tudaya 1 Hydroelectric Power Plant in Sta. Cruz, Davao del Sur. With a capital investment of P1.165 million, the firm will operate the plant which is projected to provide additional 6.6 MW to the current supply of power in Mindanao. It will tap the waters of the Sibulan and Baroring river systems to generate power. The amount of power to be produced is expected to be sold to Davao Light and Power Company, Inc.

DUBAL promotes energy-efficiency through sponsorship of Dubai Global Energy Forum 2013

April 12, 2013 11:53
Reflecting its corporate energy-conscious culture and support for the Dubai Integrated Energy Strategy ("DIES") 2030, Dubai Aluminium ("DUBAL") the wholly state-owned corporation that operates one million metric tonne per annum primary aluminium smelter, one of the world's largest single-site smelters and the largest using pre-bake anode technology is a strategic sponsor of the Dubai Global Energy Forum ("DGEF") 2013.

IEA trims 2013 oil demand growth forecast

April 11, 2013 04:16
The International Energy Agency forecast Thursday that global demand for oil would grow by 795,000 barrels per day to a total of 90.6 million barrels (mb/d), an estimate that was just slightly lower than its previous outlook, as a decline in Europe partially offset growth elsewhere. But the IEA cautioned in a monthly report that falling oil prices did not necessarily foreshadow a "bear market" and added: "There are signs that some of the recent easing of upward price pressures could be relatively short lived." wai/ric

65% of housing facilities in Kazakhstan consume 2-3 times more energy than in Europe - UNDP expert

April 4, 2013 14:03
About 65% of residential buildings consume 2-3 times more energy in Kazakhstan than in Europe, UNDP project manager Bayan Abulkhairova announced at the scientific and practical conference "Energy audit and energy management - a component of sustainable energy development" on Thursday. "The housing stock in the country is 271 million square meters," Abulkhairova said. She noted that the UNDP developed a number of recommendations for the development of energy efficiency.

ISES: Clean energy investment reached a record $250 bn in 2012

March 16, 2013 13:15
Mexico City, Mar 16 (EFE).- Global investment in clean energy climbed to a record $250 billion last year despite adverse worldwide economic conditions, the president of the International Solar Energy Society said in an interview in Mexico. Dr. David Renee told Efe Friday that although that figure is still small compared with total global energy investment, the amount spent on renewable energy technologies continues to grow every year and at a pace faster than that of traditional technologies.
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