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Global Energy 2012

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Analysis: Germany's Merkel losing green battle to cheap coal

LONDON/FRANKFURT To reach its strict climate targets and fulfill Chancellor Angela Merkel's nuclear exit plans, Germany needs to avoid coal and build a stack of gas power plants to secure clean energy supplies beyond 2020.

Natgas liquids glut to persist: CP Chemical CEO

HOUSTON Chevron Phillips Chemical Co, one of the top five U.S. chemical companies by volume, believes the oversupply of natural gas liquids (NGLs)that feed its U.S. plants is unlikely to be eliminated for another four or five years.


Oil price still serious risk to global recovery: IEA

PARIS Oil prices remain a threat to the fragile global economic recovery despite a recent fall, the International Energy Agency's chief economist said on Wednesday, adding the IEA remained ready to release emergency oil stocks if needed.

Japan's JOGMEC to boost spending on oil and gas projects: exec

TOKYO State-run Japan Oil, Gas and Metals National Corp (JOGMEC) will boost investment in overseas oil and gas projects this year, disbursing an amount almost equal to the upstream investments made since it was established as it races to secure supplies.

ABN AMRO mulls mining, energy infrastructure funds

LONDON Dutch bank ABN AMRO is preparing to launch a $300 million global fund to back mining exploration and give its clients exposure to the sector, followed by a launch of an infrastructure fund to capitalize on logistical shortfalls in energy transportation.

Oversold energy shares offer bargains-Lombard Odier

LONDON A sell-off in energy equities triggered by the fall in crude oil prices and risk-averse investors hugging defensive sectors is creating some attractive bargains, said Lombard Odier fund manager Michael Hulme.

Door to 2 degree temperature limit is closing: IEA

LONDON The chance of limiting the rise in global temperatures to 2 degrees Celsius this century is getting slimmer and slimmer, the head of the International Energy Agency warned on Wednesday.

U.S. shale boom, Europe glut alter energy landscape

LONDON The shale energy boom in North America will lead to an industrial revival in the region while Europe could benefit from a conventional gas glut that will help decouple it from surging global oil prices, according to industry leaders and analysts.

Climate deal milestones should be set this year: U.N.

LONDON Countries which agreed to sign a deal in 2015 to cut greenhouse gas emissions should set milestones this year to ensure the necessary work is done on time, the United Nations' climate chief said on Wednesday.

EU energy chief favors carbon at 12-18 eur/t

LONDON European carbon prices should be at least twice their current value of just over 6 euros ($7.66) a metric ton (1.1023 tons) in order spur investment in cleaner technology, EU Energy Commissioner Guenther Oettinger said on Wednesday.

EU talking to U.S. on oil release: EU energy chief

BRUSSELS The European Commission is in close contact with the United States and the International Energy Agency (IEA) but sees no immediate need for any release of oil stocks, the EU's energy chief said on Wednesday.


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