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Gas is having a rough time 9,000 ft under Britain’s North Sea

  Bloomberg Centrica Plc’s Rough, the UK’s largest natural gas storage facility 9,000 feet below the North Sea bed, unexpectedly closed for the summer and will probably remain unavailable for most of the winter. The shutdown whipsawed prices in Europe’s biggest market. Here’s what you should know. WHY DOES GAS STORAGE MATTER? Natural gas is used to heat more than ...

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Libya starts work at biggest oil port

  Bloomberg Libya has started maintenance work at Es Sider port, the nation’s largest oil export terminal, as part of plans to increase output from Africa’s biggest holder of crude reserves. Exports should resume in a month once official orders are received to reopen the port, Galal Mohamed, head of operations at Waha Oil Co. , said in a phone ...

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Ukraine sees solar power as Chernobyl’s future

  AFP Imagine one of the largest solar farms ever at the site of the world’s worst man-made nuclear disaster that struck Chernobyl in modern-day Ukraine and sowed panic across Europe. That is the grand vision of Ukrainian Environment Minister Ostap Semerak, backed up by big-time investors such as the European Bank for Reconstruction and Development (EBRD). The Chernobyl catastrophe ...

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