The Chilean government set up the legal framework allowing the export of re-gasified natural gas to Argentina over existing gas pipelines, as well as to other countries of the region following the inauguration of facilities in central Chile, reports Santiago’s La Tercera.
The 16-strong group of nations in the Euro-zone has “technically” emerged from recession, official figures show. European countries using the single currency grew their collective economy 0.4% in the third quarter.
Gibraltar is not just having a relatively good level of economic activity during global recession and financial crisis, but is further positioning itself well to move into a significant new growth phase when the global economy and markets recover.
Brazilian officials stated the blackout that left at least 60 million of people in the dark in Brazil and neighbouring Paraguay Tuesday was caused by a lightning storm.
The world’s largest operational hydroelectric dam, Itaipú which on Tuesday caused a four hours blackout in 16 of Brazil’s 27 states and most of Paraguay was back in full production early morning Wednesday but authorities have so far remained silent about the causes of the major turnoff.
World global demand for energy which has fallen in 2009 because of the recession is forecasted to soar 40% by 2030 and the Copenhagen summit next month will be “crucial” to design an energy sustainable future according to the “World Energy Outlook 2009” released in London by the International Energy Agency.
A huge expansion of nuclear power was signalled Monday by the British Government as it named 10 sites where new power stations could be built. The first is set to be operational by 2018 and, by 2025 nuclear electricity generation could amount to around 40% of new energy provision.
Brazil's Petrobras said on Friday it is still studying drilling results from lot 58 in Peru's Amazon and has yet to estimate natural gas deposits there, a day after Peruvian President Alan Garcia said the company struck a large find.
Brazil's government managed oil and gas group Petrobras announced Wednesday it had signed a contract permitting the first payment from a 10 billion US dollar loan from China to help it finance upcoming investments.
Chinese energy giant China National Offshore Oil Corporation (CNOOC) has bought oil assets in the US for the first time. CNOOC purchased limited stakes in four deepwater exploitation licences in the Gulf of Mexico from Norway's Statoil. The size of the deal is secret, but Statoil said it was small.