The annual rate of growth has often surpassed double digits and the natural consequence is that its fuel consumption has also risen dramatically. Energy intensive heavy industry and the massive infrastructure construction have not only produced huge demand for steel, cement and aluminum but also for oil equivalents

• July 20, 2011

Ukraine began updating its Soviet-era gas transportation system, with the first stage being the reconstruction of the Urengoi-Pomary-Uzhgorod main pipeline from Russia. At the ceremony, which took place near Bohuslav in the Kiev region, Ukrainian Prime Minister Mykola Azarov said that most parts of the natural gas delivered from Russia to Europe goes through Ukraine and that there was a chance for the transit country to offer gas-pipeline advantages to its Russian and European partners.

• July 20, 2011

US Secretary of State Hillary Clinton on Tuesday urged India to open up markets and resolve the questions surrounding a civilian nuclear accord that could be worth billions to US companies.

• July 19, 2011

Hannover, July 19 (Interfax) - Germany's decision to phase out nuclear power means that the country will consume more gas, but it will not rely on Gazprom to supply the entire increase, German Chancellor Angela Merkel said at a session of the Russian-German St. Petersburg dialog in Hanover.

• July 19, 2011

In view of the rising concerns of climate change internationally,rising energy needs of the growing Indian economy, favorable government environment and huge demand supply gap in power sector, the renewable energy sector will play an increasingly important role and throw huge business opportunities for investors, according to the market report on renewable energy released by Vijya Research & Advisory.

• July 18, 2011

The Japanese government has decided to suspend negotiations with India and four other countries on civil nuclear cooperation following Prime Minister Naoto Kan’s call for Japan’s eventual exit from atomic power, according to a media report.

• July 18, 2011

"Wind Power in the China, Market Outlook to 2020, 2011 Update - Capacity, Generation, Power Plants, Market Share, Regulations and Company Profiles" is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information on the wind power market. The report provides in depth analysis on global renewable power market and global wind power market with forecasts up to 2020. The report analyzes the power market outlook in country (includes thermal conventional, hydro and renewables) and provides forecasts up to 2020.

• July 18, 2011

Japan's demand for crude and oil products to fuel power plants could triple if the country shuts all its nuclear reactors due to growing public safety concerns after the March earthquake and tsunami.

• July 15, 2011