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Gas find gives new energy to Cyprus politics

Date:
March 25, 2014
Source:
AFP / Powered by NewsLook.com
Summary:
The discovery of gas reserves off the coast of Cyprus is giving renewed impetus to peace talks between the divided island’s north and south and some optimism that natural gas will provide relief for the island's crippled economy. Duration: 02:16 Video provided by AFP


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last updated on 2014-12-22 at 12:08 am EST

Possible Natural Gas Squeeze in Europe Won't Hurt U.S. Prices

Possible Natural Gas Squeeze in Europe Won't Hurt U.S. Prices

TheStreet (May 14, 2014) — While threats by Russia's Gazprom -- a majority state-controlled natural gas extractor -- to cut gas deliveries to Ukraine rise, American investors should know such action won't hurt prices in the United States. GFI Group senior energy derivative trader Elliot Warren tells TheStreet's Joe Deaux that traders aren't worried about U.S. prices because we can't export natural gas abroad and we can't make up for a European supply problem. Warren, speaking about the recent trade in natural gas, says prices have dipped back down to $4 after spiking during the winter. Warren says natural gas inventories will build during the summer, which will suppress price increases. Video provided by TheStreet
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Thailand Climate Protection Through Energy Efficiency

Thailand Climate Protection Through Energy Efficiency

Deutsche Welle (Mar. 13, 2012) — Thailand needs ever more energy for its industry. It already imports up to 10 percent of its electricity. The growth of industry is bringing a sharp rise in greenhouse gas emissions. Now a German-Thai project funded by the International Climate Protection Initiative is working for a more efficient use of energy, thereby contributing to climate protection.The Thai government has a long-term goal of "Low-Carbon Industry". It is collaborating with Germany in the umbrella organization "Energy Efficiency for Small and Medium Enterprises" on several pilot energy-efficiency projects in small and mid-sized companies. The Environment Ministry holds consultations regularly. The aim is to cooperate with German experts and develop an "Energy Use and Climate Protection Plan" for Thailand's economy.
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Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

TheStreet (July 11, 2014) — Gas Natural, the Ohio-based company mired in scandal, was recently talking to prospective buyers about a sale, but talks came to a screeching halt when former CEO Richard Osborne filed a lawsuit against the company. The scandal started back in November when Ohio regulators ordered an investigation into Gas Natural. In May, the company announced that Osborne would be retiring and his son would take the reins. Late last month, Osborne Senior struck back, filing a lawsuit against the company. The suit has forced Gas Natural to put the sale on the back burner, but sources say that as soon as the matter is settled, the company will once again be on the prowl for a buyer. Even with the controversy surrounding the company, there will be no shortage of buyers as there is an intense level of interest in the gas local distribution space. Similar companies that have recently traded hands have fetched rich ebitda multiples of 10.5 times. With about $20 million in ebitda last year, Gas Natural could easily fetch north of $200 million in a sale. Video provided by TheStreet
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Google Plans Deeper Energy Push With Tools For Utilities

Google Plans Deeper Energy Push With Tools For Utilities

TheStreet (June 11, 2014) — Google is planning to disrupt the US power delivery system by developing tools that can transmit and distribute electricity more efficiently.The internet giant runs the most popular search engine and itself is a huge consumer of electricity. It has been looking at ways to shakeup the utilities industry and it plans on doing this by developing software and hardware tools to better manage power lines. Google's in-house development group known as the Energy Access Team is led by Arun Majumdar. Majumdar came to Google as a top energy expert. He was the first director of the US Department of Energy's Advanced Research Projects Agency-Energy and was later nominated for the Under Secretary of DoE. He joined Google in 2012 to help the company to advance in the US power sales market, which is worth more than $363 billion. Google is not the first to tap the possibilities of energy management. Zurich based ABB and Munich based Siemens already offer tools that help allocating electricity, but Google engineers think they can do better. Just like Google disrupted smartphone market with android, it may now end up changing the way we get our electricity. Video provided by TheStreet
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