• 4 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 7 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 11 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 15 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 14 hours Old - New Kim: Nuclear Negotiations With U. S. Will Never Resume Unless Washington Changes Its Position
  • 41 mins IMO 2020 could create fierce competition for scarce water resources
  • 7 hours Theresa May to Step Down
  • 10 hours IMO2020 To scrub or not to scrub
  • 13 hours India After Elections: Economy And Hindu Are The First Modi’s Challenges
  • 6 hours Evil Awakens: Fascist Symbols And Rhetoric On Rise In Italian EU Vote
  • 3 hours Apartheid Is Still There: Post-apartheid South Africa Is World’s Most Unequal Country
  • 2 hours IRAN makes threats, rattles sabre . . . . U.S. makes threats, rattles sabre . . . . IRAQ steps up and plays the mediator. THIS ALLOWS BOTH SIDES TO "SAVE FACE". Then serious negotiations start.
  • 10 hours Devastating Sanctions: Iran and Venezuela hurting
  • 3 hours Total nonsense in climate debate
  • 227 days Epic Fail as Solar Crashes and Wind Refuses to Blow
  • 12 hours Compensation For A Trade War: Argentina’s Financial Crisis Creates An Opportunity For China
  • 8 hours Level-Headed Analysis of the Future of U.S. Shale Oil Industry
The Trade War Is Transforming Oil Markets

The Trade War Is Transforming Oil Markets

China-US trade talks have exposed…

UK and Ireland Install Underwater Interconnector Cable to Boost Wind Energy

The first interconnector cable between Ireland and the UK has been completed. It cost €600 million to install and can transmit 500MW of electricity between the two countries.

The cable is expected to benefit the wind industry in Ireland who will now be able to buy electricity from the UK on calm days, and sell their own wind power to the UK when they produce surplus amounts.

The cable has also been hailed as the first step to a European supergrid which will enable European countries to trade energy.

Ed Davey, the British Energy and Climate Change Secretary, said that “the East West Interconnector is not just an impressive feat of engineering. It also brings multiple benefits to the British and Irish economies.”

“This new connection between our electricity grids will improve our mutual energy security, it will improve competition – bearing down on the price ultimately paid by consumers – and it will allow more of Ireland’s abundant wind energy access to the massive UK customer base.”

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News