Energy Update
WARSAW, Jan 15 (Reuters) - The plan to build a new gas pipeline linking Russia with Germany is politically motivated and will deepen European Union's reliance on gas deliveries from Russia, the Polish energy minister said on Friday.
A new comparative study from the Oak Ridge National Laboratory-based BioEnergy Science Center has found that the natural abilities of unconventional bacteria could help boost the efficiency of cellulosic biofuel production.
With crude prices falling a further 17% since the start of 2016, Platts editors gather to look at the big trends, themes and issues for the year ahead. They discuss whether the incredible change in the spread between the WTI and Dated Brent crude benchmarks has become the 'new normal'; how, amid unrelenting OPEC output and oversupplied markets, the expected fall in US crude shale oil production may be offset by the return of Iranian oil.
MOSCOW, Jan 15 (Reuters) - Russia's Economy Ministry has changed its 2016 forecast to predict an economic contraction rather than slight growth and has lowered its average oil price assumption to $40 per barrel, a draft document showed on Friday.
China National Building Materials Ltd. signed a 1.1 billion-pound ($1.6 billion) agreement with a U.K. unit of Hong Kong-based Welink Global Ltd. to develop solar power projects and energy-efficient housing in the U.K.
Storage batteries that are being bought by owners of rooftop solar systems in Germany may eventually help cut the costs of renewing the country’s power grid, a study showed.
A breezy range of remote hills near a major power line and 20-year supply contracts have proponents of the Hornsdale wind farm in South Australia confident of success.
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