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17th
by Analyst Comment from Datamonitor
The head of BP in Poland has announced that the company will continue to expand its presence in the country, with a particular focus on the motorway sector. This is likely to be a shrewd decision; the strong growth in fuel sales in Poland, as well as the large motorway construction projects currently underway, means that the market is full of opportunities for fuel retailers such as BP.
The CEO of BP’s Polish division, BP Polska, has vigorously denied rumors that the fuel retailer is to pull out of the Polish market, a move that would have provided the opportunity for GazpromNieft and Lukoil to purchase BP’s service station network. Instead, BP has reinforced its commitment to growing its footprint in Poland and has stated that it expects its revenues from the area to continue increasing in the future.
Continue reading “BP Expands Presence in Poland” »

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27th
by Analyst Comment from Datamonitor
The Brazilian government has proposed a scheme whereby it would offer an environmental seal of approval for its biofuel exports. While this is a response to possible punitive measures against current production methods, the certification scheme provides an innovative approach to the biofuels problem, and offers fuel retailers a means of differentiating themselves from their competitors.
In order to counter the dwindling support for biofuels, Brazil, the world’s largest exporter of the alternative fuel, has proposed the creation of an environmental seal of approval for its ethanol exports. The seal would provide importers with a guarantee that the biofuels have been produced in an ethical manner while following the strictest environmental regulations.
Continue reading “Brazil Proposes Environmental Seal for its Biofuel Exports” »

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7th
by Analyst Comment from Datamonitor
In an effort to reduce Poland’s dependence on Russian gas, and ultimately enhance the country’s energy supply security, national incumbent PGNiG is building an LNG import facility on its Baltic coast. However, the facility, which is set to be completed by 2011, could face numerous setbacks.
Polish annual gas demand is expected to increase from 15.6 billion cubic meters (bcm) in 2008 to 16.4bcm in 2009, with indigenous production accounting for approximately 5bcm, or 30%, of total gas consumption. The deficit would normally be expected to be filled mainly by Russian imports, which account for around 70% of Poland’s total consumption.
Continue reading “Polish Gas Market to Face Possible Setbacks” »

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15th
by Analyst Comment from Datamonitor
Although unions and consumer groups have slated the large profit increase posted by British Gas, the company is by no means the only UK consumer giant to announce a huge turnover. Furthermore, analysis shows that Centrica, the parent company of British Gas, is investing more revenue back into its operations than many other UK industry leaders.
UK energy firm Centrica has announced provisional year-end results for 2007 that included a GBP571 million profit for the residential arm of British Gas. Consumer energy association Energywatch and unions have been particularly vocal in their disapproval of the large turnover, branding the profits as obscene, especially given the increase in retail prices that was recently announced by British Gas.
Continue reading “British Gas: Mammoth Profits to Fund Future Investment” »

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22nd
by Analyst Comment from Datamonitor
According to an in-depth report into the subject of ‘green’ energy, the global wind energy industry is facing challenges including rising raw materials costs, supply chain problems and skills shortages, due mainly to booming demand. With renewable valuations at an all time high, Datamonitor predicts strong growth will continue on the back of record sustainable energy investments driven by technology maturity, policy incentives and heightened investor appetite.
Continue reading “Wind power: Rising Costs are Unlikely to Derail New Build Plans” »

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