Energy Policy

Gazprom, EdF, GDF Suez discuss French power plans

-
  Russian gas monopoly Gazprom's Deputy Chief Executive Alexander Medvedev said his company has discussed with Electricite de France (EdF) and GDF Suez the possibility of exploring energy projects. "This topic has been discussed with our...

India, France highlight nuclear safety plans to Italy

-
  On 20 October, Visiting French Foreign Minister Alain Juppe and his Indian counterpart, SM Krishna agreed to strengthen their co-operation in the nuclear energy sector and said the safety of power plants was the...

TNK-BP’s Barsky to leave company

-
  Anglo-Russian venture TNK-BP's Deputy CEO Maxim Barsky is leaving after less than two years in the role after losing shareholder support, news agencies quoted sources as saying on 21 October. TNK-BP appointed Barsky in...

Wintershall starts gas work in North Sea

-
On 17 October, German energy company Wintershall said it started natural gas production off the British coast in the North Sea. The Wingate platform in the British offshore concession 44/24b will initially produce 1.5...

Russia expects Shtokman tax breaks soon

-
  Russia's Deputy Energy Minister Anatoly Yanovsky expects the government to announce tax breaks that would facilitate development of the giant Shtokman gas field by Russian gas monopoly Gazprom, France's Total and Norway's Statoil in...

Turkey asks Iran for more gas

-
  Turkey has asked Iran to increase its natural gas exports to its northwestern neighbour, Iranian Deputy Oil Minister Javad Oji said, according to reports. Iran’s current gas exports to Turkey stand at 24 million...

US fights EU’s Aviation Directive

-
The US House of Representatives passed a bill on 24 October that could worsen air pollution by forcing US carriers to not participate in the EU programme reducing carbon emissions if it is...

EIB to finance green energy and marine transport

-
The European Investment Bank has provided €150 million for development of more environmentally friendly ship engines and power plants in Finland. Finnish power solution giant Wärtsilä, which is the carrier of the project, conducts their...

BP settles with US petrol firm over Gulf of Mexico spill

-
BP said on 17 October that US petroleum firm Anadarko has agreed to pay $4 billion in a settlement with one of its partners at the site of the Gulf of Mexico oil spill...

Irish company awarded Saudi contract

-
An Irish company has been awarded a 25-year contract to supply energy for the tallest building in Jeddah, Saudi Arabia, Breaking News reported. CES Energy beat other hopefuls to win the coveted $ 150...

Energy infrastructure package for 2020

-
The European Commission revealed its proposal for a Regulation, ‘Guidelines for trans-European energy infrastructure’, on 19 October. The proposal endeavours to complete energy networks and storage facilities by 2020 and identified 12 priority areas...

Commission proposes new stimulus plan

-
On 19 October, the European Commission presented a plan for the improvement of Europe's infrastructure and transport with €50 billion worth of investments. The 'Connecting Europe Facility', as the new fund will be called,...

Gas crisis looms?

-
Europe is working with Ukraine to help the former Soviet republic modernise its pipeline system that transports Russian gas to Europe, a senior banker said. The project involves Ukraine’s Gas Transport System (GTS) as...

Will Shale gas carbon footprint influence Roadmap 2050?

-
  The EU’s ‘Roadmap for moving to a competitive low-carbon economy in 2050’ sets a long-term target of reducing greenhouse gas (GHG) emissions by 80% by 2050. It will require a significant improvement in the...

Nabucco does not foresee delays

-
  Regarding reports on a possible delay of the planned Nabucco gas pipeline project, the group's spokesman, Christian Dolezal, said on 12 October that Nabucco Gas Pipeline International GmbH has always said that the timetable...

EBRD to help modernise Ukraine’s pipeline system but its future remains uncertain

-
  YALTA - Europe is working with Ukraine to help the former Soviet republic modernise its pipeline system that transports Russian gas to Europe, a senior banker said. The project involves Ukraine’s Gas Transport System...

Putin and Erdogan discuss energy ties

-
Russian Prime Minister Vladimir Putin spoke by phone with his Turkish counterpart Recep Tayyip Erdogan to discuss the potential for resuming supplies of Russian gas and put special focus on the South Stream pipeline,...

Putin leaves Beijing with no gas deal

-
 Russian Prime Minister Vladimir Putin may have achieved major trade pacts in Beijing but his visit yielded no breakthrough on a long-delayed gas deal with China. Ahead of Putin’s visit to Beijing, it seemed unlikely...

UK oil and gas ‘lifeline’ hindered by tax increase

-
 Oil & Gas UK's 2011 Economic Report has confirmed the significance of oil and gas to the UK community, highlighting the increased reliance of the UK on oil due to its increasing influence on...

Putin: I’m watching you, Oettinger

-
  Russian Prime Minister Vladimir Putin said he will pay “the very closest attention” to an ongoing EU probe into Gazprom. "I want you to keep me fully informed about this," Interfax quoted Putin as...

Swiss look forward to high wind

-
A ceremony to mark the completion of what claims to be Europe’s highest wind turbine, at over 2,400 meters above sea level, has been held in the southern canton of Valais. Energy minister Doris Leuthard...

Energy line to promote job creation and efficient energy for Europe

-
France and Spain have just completed a historic milestone for energy. The first trans-Europe energy converting line has just begun construction, meaning that this is the first time in Europe that an electricity link...

Report: Offshore wind cheaper than expected

-
A report published on 5 October has found that offshore electric grids proposed for the North and Baltic Seas will be significantly cheaper to build than expected.   When connecting wind farms to consumers, €14 billion...

[VIDEO] Oettinger: ‘The king of litigation’

-
The European Commission has launched a series of legal proceedings against member states in a effort to complete the internal European energy market.   The decision to launch infringement procedures against the majority of member states...

Gazprom to take major stake in Belarusian pipeline soon

-
  On 26 September, Russian gas monopoly Gazprom Chairman Alexei Miller said that a deal it to take a major stake in a strategic Belarusian pipeline used to deliver natural gas to Europe is "practically...

Gazprom to increase capital investment

-
  On 27 September, Russian gas monopoly Gazprom announced it was aggressively expanding its capital investment plan for 2011 to around $40 billion, as it steps up gas development and transportation projects in the Arctic,...

TAP, Slovenian company ink memorandum

-
  The Trans Adriatic Pipeline (TAP) and the Slovenian transmission system operator Geoplin plinovodi have signed a Memorandum of Understanding and Cooperation to support the development of natural gas markets in Southeast Europe and to...

Schulz slams Turkey as Cyprus drills for gas

-
  STRASBOURG - Martin Schulz, leader of the Socialists & Democrats (S&D) group in the European Parliament, told New Europe on 27 September that a potential major discovery south of Cyprus could help boost EU...

Oettinger stresses need for internal energy market

-
On 29 September, Energy Commissioner Günther Oettinger met with MEPs and other policymakers to discuss plans for the completion of the internal energy market. In 'Getting to 2014', Oettinger stressed the need for full member-state...

Exclusive: Schulz slams Turkey as Cyprus drills for gas

-
  Martin Schulz, leader of the Socialists & Democrats (S&D) group in the European Parliament, told New Europe on 27 September that a potential major discovery south of Cyprus could help boost EU energy security. Despite...

MEPs warn Turkey against naval intervention in Cyprus

-
  The European Parliament has shown unity in its condemnation of the rising tensions between Turkey and the Republic of Cyprus in the dispute over oil and gas exploration. MEPs have condemned Turkey's threats over...

Russia-Switzerland treaty to crack down on tax evaders

-
  On 21 September, Russian Finance Minister Alexei Kudrin said his country is planning a financial information exchange treaty with Switzerland to help track down tax evaders.  The agreement, to be signed in coming days, will...

Nabucco vs. South Stream: Race to the finish

-
Advancements in two competing gas pipeline projects, Nabucco and South Stream, have recently been announced. Due to the timing of the announcements, some questions arose concerning both projects which needed an immediate response:  Which...

OMV to shed refinery and focus on gas

-
On 21 September, Austrian energy group OMV announced that it would reduce its refinery and marketing business and focus on gas in the future. At a corporate event in Istanbul, the company said it...

Russia and two Koreas renew pipeline talks

-
Seoul announced on 20 September that it would consider all possible risks as it prepares for more talks on a huge project to pipe Russian natural gas to South Korea via North Korea. "We...

Russia paints ‘No Trespassing’ sign in the Arctic

-
As global warming intensifies the race to lay claim to the Arctic and its massive oil and gas reserves, Russia vowed to increase its military presence in the region, telling NATO to stay out. "Our...

Nabucco or South Stream: Who’s faster? [VIDEO]

-
Advancements in two competing gas pipeline projects, Nabucco and South Stream, have recently been announced.  Due to the timing of the announcements, some questions arose concerning both projects which needed an immediate response:  Which will...