Energy Policy

Bulgaria, Gazprom sign on gas discount and South Stream

-
The Bulgarian ministry of economy, energy and tourism announced 28 August that the protocol guaranteeing Bulgaria a discount of 11% from the price of Gazprom gas supplies was jointly signed. The cut in gas prices...

Hiroshima commemorates its 67th anniversary

-
The Japanese city reminded the 140,000 victims the atomic-bomb caused in 1945, in an anniversary marked by the Fukushima´s accident last year. About 50,000 people assisted to the event at the Peace Memorial Park and...

Iran, regional conflicts may boost oil ‘risk premium’

-
On 6 August, Brent crude dropped a little toward $108 a barrel as investors eyed data for clues on the health of the global economy and the outlook for oil demand but the risk premium...

Our Summer of climate truth

-
NEW YORK – For years, climate scientists have been warning the world that the heavy use of fossil fuels (coal, oil, and natural gas) threatens the world with human-induced climate change. The rising atmospheric...

Russian billionaires, BP, Rosneft struggle for TNK-BP stake

-
An “unknown” shareholder from the Russian partners in TNK-BP, a group of billionaires known collectively as Alfa Access Renova (AAR), said on 25 July that AAR would welcome Russia’s state oil major Rosneft as...

Building a case for the Trans-Afghan Gas Corridor

-
Timely response to their ever growing energy needs is key to India’s and Pakistan’s economic and social stability. Until present India, and to a lesser extent Pakistan have been relatively successful in coping with...

UK cuts wind power subsidy

-
The UK government is to cut subsidies to onshore wind farms by 10%   The announcement comes after a long-running battle between the department of energy and the treasury over the exact size of cuts in...

Energy independence in an interdependent world

-
CAMBRIDGE – When President Richard Nixon proclaimed in the early 1970’s that he wanted to secure national energy independence, the United States imported a quarter of its oil. By the decade’s end, after an...

Putin bets on Shtokman but project delays hit

-
Developing the Arctic has been a bet of Russian President Vladimir Putin. But Gazprom's chief executive said recently that the completion of talks on the company's massive Arctic project, Shtokman, has been delayed again...

Greece approves gas connection with Bulgaria

-
The Greek Ministry of Environment, Energy and Climate endorsed the idea of building Greek-Bulgarian pipeline from Komotini to Stara Zagora. The authorities in Athens approved the start of preliminary studies on the impact on...

Anonymous hacks five oil companies

-
The hacking group Anonymous has published about 1,000 email addresses and unencrypted passwords for accounts belonging to the top oil firms Shell, Exxon, BP, and the Russian Gazprom and Rosneft. The hacks can be considered...

Smart cities, Europe’s future?

-
The European Commission launched a Smart Cities and Communities European Innovation Partnership (SCC) to respond to one of the greatest challenges facing the EU – adapting cities into smart intelligent and sustainable environments. By...

Larry King calls for more Europe

-
Larry King was in Baku. Yes, in Baku. The retired CNN host talked to New Europe on the sidelines of the Crans Montana Forum in Azerbaijan ‘Addressing a Changing World! Which Energy for Which...

Azerbaijan, Turkey ink TANAP pipeline deals

-
On 28 June, Azerbaijan's Shah Deniz II consortium, led by BP and Statoil, selected the Nabucco West pipeline as one of two possible routes to carry Caspian gas to western Europe, BP and Azeri...

Face the truth: Europe’s biofuels bonanza causes hunger in Africa

-
For the past few years, a project called “One City, One Book” has been running in my native Dublin. It’s a simple concept: during the month of April everyone is encouraged to read the...

EU confirms Iran oil embargo will be enforced July 1

-
EU foreign ministers in a statement referring to their January agreement to enforce an oil embargo to Iran after failing a breakthrough in talks on Tehran's nuclear programme, confirmed that the latest package of...

Oettinger: public sector to lead on energy efficiency

-
The European Commissioner for Energy, Günther Oettinger, said during the opening session of the EU Sustainable Energy Week that ‘Public sector is to lead the way towards energy efficiency'. ‘It is the public sector that...

Many agree EU misses mark on Energy Efficiency Directive

-
A little after midnight on 14 June, the European Parliament, Commission and presidency agreed on a legislative proposal on energy efficiency and savings, in hopes that it will help the EU reach its goal...

South Stream determines price of Russian gas supplies to Bulgaria

-
The discount of 11.1% from the price of the Russian gas supplies to Bulgaria is not yet a fact. This will become one after all shareholders of ‘South Stream-Bulgaria’ resolve the current issues and...

Rosatom to Revamp Hungarian Plant

-
Russian state-owned nuclear company Rosatom is keen to expand Hungary's Paks nuclear power plant, including construction and financing of new generation blocks, a top Rosatom official said on 6 June, it was reported. Rosatom would...

Putin: no change after energy package

-
Following the Russia-EU summit near St Petersburg on 4 June, Russian President Vladimir Putin once gain criticised the European Union’s Third Energy Package, saying it should not be applicable to deals signed previously. The...

Russia insecure about Bulgaria’s participation in South Stream

-
The Russian newspaper Коммерсантъinformed today that Bulgaria might abandon the South Stream pipeline project. This would be the third joint initiative between the two countries to lose Bulgarian attention after the failure of the...

Energy companies hope for a binding EU 2030 renewables target

-
The 2020’s will be an essential decade for European renewable industries, however, in the absence of a clear 2030 investor perspective, the expansion of European renewables industries and the EU decarbonisation agenda might be...

Rosatom to build unit 7 of NPP Kozloduy

-
Bulgaria has invited Rosatom to participate in the construction of the 7th unit of the nuclear power plant (NPP) Kozloduy. This was announced by the Deputy CEO of Rosatom, Kiril Komarov, at a press...

Bulgaria-one of Russia’s most important partners in the field of nuclear energy

-
‘Russia sees Bulgaria as one of the most important partners in the field of nuclear energy and is ready to discuss the various options for cooperation’ said Yuri Isakov, ambassador of the Russian Federation...

Answer to EU’s energy problem is the…Swiss Alps?

-
Many European countries are turning away from atomic power to focus on renewable energies.  While many of them are investing into research and development for developing technologies, some people have looked to Switzerland’s water...

LUKoil wants to ‘expand activities in Caspian region’

-
Russia’s LUKoil, which is the third private oil company by proven hydrocarbon reserves in the world, intends to further expand its presence at the Caspian region. LUKoil President Vagit Alekperov and Kazakhstan's national company...

Bulgaria adopts changes in shale gas moratorium, EC assessment expected in 2013

-
The Temporary Parliamentary Commission by the Bulgarian Parliament dealing with revision of the moratorium texts on exploration and production of shale gas decided on 17 May to modify the suspension by removing the first...

BREAKING: Bulgaria, Turkey, Qatar to conclude a gas deal

-
During the meeting on Friday, May 18, between the prime ministers of Bulgaria, Turkey and Qatar, it is expected a trilateral gas deal to be concluded. According to unconfirmed information, the discussion between the...

Price drops as Saudi Arabia talks down oil

-
For the first time since December, oil fell below $94 a barrel in New York on 14 May as the EU’s debt crisis worsened and Saudi Arabia, the world’s biggest crude exporter, is again...

Serbia to host the largest solar energy park

-
Serbia will host the "the world's largest individual solar park", after the government representatives and private investors signed a deal on 8 May. Minister of the Environment, Mining and Spatial Planning Oliver Dulić, in the...

Sudan oil turned off [Interview with Pagan Amum]

-
The newly independent state of South Sudan is planning an oil pipeline to Lamu in Kenya and a second to Dijibouti to break an ‘oil blockade’ by Sudan, which has halted the oil exports...

RWE: Nabucco depends on profitability and volumes

-
On 30 April, RWE said it still supports the Nabucco gas pipeline, but the project must meet the German energy giant’s economic requirements in terms of profitability and volumes for the Czech gas transmission system. “I can confirm that RWE's attitude towards the Nabucco...

Targeted Euro-Azerbaijani gas deals?

-
The Bulgarian Prime Minister Boyko Borisov has met the Azerbaijani prime minister, Artur Rasizade, and president, Ilham Aliyev, during a two-day visit to the country, where the two sides discussed the economy, energy and...

Argentine Senate approves nationalisation of YPF

-
On 26 April, Argentina's Senate approved governmental decision to nationalise oil company YPF , despite US, EU and Spanish objections.   Argentina announced earlier this month that it would seize 51 percent of YPF shares...

EU President visits Bulgaria and Romania on 7th anniversary of accession treaties

-
The President of the European Council, Herman van Rompuy, was on a one-day visit to Romania and Bulgaria. In Romania, Rompuy met the President Traian Băsescu, the Prime Minister Mihai-Răzvan Ungureanu and spoke in front...

European Parliament warns Argentina over YPF dispute

-
The European Parliament  has said the EU should consider imposing retaliatory trade sanctions against Argentina, in response to the nationalization of the oil YPF.   The Parliament  called for the suspension of Argentina's tariff concessions under...