Germany’s 2018 renewables levy, known as EEG, has slightly fallen by 1.3% to 6.79 Euros cents (8.01 U.S. dollar cents) per kilowatt hour (kWh), from 6.88 cents/kWh (8.12 U.S. dollar cents/kWh) in 2017, due to a small increase in the wholesale electricity price, Kallanish Energy reports.
Japan is expected to announced on Wednesday a public-private initiative worth up to $10 billion to target the growing demand for liquefied natural gas (LNG) infrastructure in Asia, Nikkei reported Monday.
Global oil demand and production from non-OPEC countries will grow by roughly the same volume in 2018, potentially putting a ceiling on higher oil prices, the International Energy Agency (IEA) warned on Thursday.
U.S. wind electricity generating capacity at the end of 2016 was 82,000 megawatts (MW), with additions expected to bring total capacity to 88,000 MW by the end of 2017, and 96,000 MW by Dec. 31, 2018, the Energy Information Administration projects.
Oil and gas executives' confidence level in a rapid industry recovery shifted during 2017 from optimistic to cautious, with a majority believing West Texas Intermediate crude won’t rise above $60 a barrel before 2019, according to a new Deloitte survey.