Energy

Greece’s Energean, Israel’s INGL ink infrastructure hand over deal

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Greece’s Energean Oil and Gas announced on 25 June that it has signed a Detailed Agreement with Israel Natural Gas Lines (INGL) for the hand over of the near shore and onshore part of...

Fears emerge about the safety of Turkey’s Russian-built nuclear power plant

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Reports of cracks appearing in the foundations of Turkey’s €18 billion Russian-made Akkuyu nuclear power plant have caused major concerns about the overall safety of the facility, located near the Turkish Mediterranean coast. Construction of the...

KazTransOil and Transneft reach consensus for contaminated oil

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NUR-SULTAN, Kazakhstan – Kazakhstan’s KazTransOil and Russia’s Transneft have reached an agreement on compensation for damage to Kazakh consignors for the shipment of contaminated oil in the Russian port of Ust-Luga, the press service...

BatteRIes Europe wants EV jumpstart, carbon cuts

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European Commission Vice President for Energy Union Maroš Šefčovič on 25 June hailed the kick-off meeting of BatteRIes Europe as an umbrella for all batteries research and innovation and an important pillar of the...

Rosneft to fuel Turkish Airlines planes in Russian airports

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Rosneft Aero, the operator of the jet-fuelling business of Russian oil giant Rosneft, has been awarded a tender for fuelling the aircraft fleet of the largest Turkish air carrier Turkish Airlines in Russian airports...

Gazprom develops gas corridor in Russia to feed Nord Stream-2

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Russian gas monopoly Gazprom said the company is developing the northern gas transmission corridor in Russian territory, which will feed gas into Nord Stream-2 pipeline. Nord Stream-2 is the construction project for a gas pipeline...

Kazakhstan abandons idea of building a fourth refinery

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NUR-SULTAN, Kazakhstan - Kazakhstan has abandoned a project to build a fourth refinery in the country, Kazakhstan's Energy Minister Kanat Bozumbayev told reporters on 24 June. The government of oil-producing Kazakhstan has long discussed building...

Construction of Hungary’s Paks-2 nuclear plant base begins

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The building of the construction base of the Paks-2 Nuclear Power Plant begun on 20 June by the engineering division of Russian State Atomic Energy Corporation Rosatom. “From the point of view of the long-term...

Cañete, Altmaier to finalise German integrated energy and climate plan

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European Climate Action and Energy Commissioner Miguel Arias Cañete and Germany’s Economic Affairs and Energy Minister Peter Altmaier on 24 June exchanged views on climate neutrality objectives and discussed growth opportunities arising from the...

Kazakhstan to start exporting its gasoline to Central Asia

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NUR-SULTAN, Kazakhstan – Kazakhstan will for the first time begin to export high-octane gasoline of its own production to the countries of Central Asia and Europe, Kazakhstan's Minister of Energy Kanat Bozumbayev said at...

EU eyeing possible sanctions on Turkey over ‘illegal drilling’ in East Med

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EU leaders condemned late on 20 June “Turkey's continued illegal actions in the Eastern Mediterranean and the Aegean Sea,” saying the European Union would now consider what measures to take in response, a move...

Kazakhstan increases oil production since January

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NUR-SULTAN, Kazakhstan - For five months of this year, the volume of oil production amounted to 36.5 million tons, which is 1% higher than the operational plan, Kazakhstan’s Energy Minister Kanat Bozumbayev said on...

Baltic States grid will link up with EU via Poland

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Strengthening the EU Energy Union, European Commission President Jean-Claude Juncker, Lithuanian President Dalia Grybauskaitė, Estonian Prime Minister Jüri Ratas, Polish PM Mateusz Morawiecki and Latvian PM Krišjānis Kariņš signed on 20 June the political...

EU to debate zero emissions by 2050

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The EU is debating a plan to slash net carbon emissions to zero by 2050, an objective to which the UK has already committed. The 30-year plan will be debated on Thursday in Brussels, with...

Gazprom to enhance scientific cooperation with OMV and Uniper

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Russian gas monopoly Gazprom and Austria’s OMV met in Vienna on 19 June where they reviewed issues related to the integrity of the gas transmission system, the outlook for the energy markets, environmental protection,...

Kazakhstan, European Organization for Nuclear Research boost cooperation

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NUR-SULTAN, Kazakhstan - The deputies of the Majilis of Kazakhstan, the Lower House of Parliament, on 19 June approved the ratification of the Agreement on International Cooperation between the Kazakh Government and the European Organization...

Time for commonsense regulation

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The need for much faster reduction in fossil fuel use is now almost universally accepted. This poses a challenge for electricity, almost two thirds of which is generated using carbon intensive fossil fuels. Despite the...

Mass power outage leaves many in South America without electricity

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A massive blackout that left 50 million people without power in Argentina, Uruguay, and some parts of Paraguay has raised concerns about the strength of Argentina’s power infrastructure and the political future of incumbent President...

EU wants Member States to implement Paris agreement faster

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The Member States of the European Union needs to step up their efforts to meet the bloc’s climate objectives and implement the Paris Climate Agreement, according to report by the Commission published on 18...

EU and Japan to cooperate in clean energy transition and climate action

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At the G20 Energy and Environment Ministerial meeting, which took place in Karuizawa, the European Union and Japan agreed on 15 June to strengthen bilateral energy dialogue and cooperation on innovation for clean energy...

EU approves new stringent emission limits in Italian capacity mechanism

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The European Commission has approved the introduction of stringent CO2 emission limits in the Italian capacity mechanism, noting that the measure will contribute to ensuring security of supply and increase the level of environmental...

Aid for electricity production in Italy from renewables gets EU nod

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A scheme to support electricity production from renewable sources in Italy has been approved by the European Commission. Italy intends to introduce a new aid measure to support electricity production from renewable sources, such as...

The Hormuz Hullabaloo

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Tehran said on 14 July it was alarming and wrong of Washington to blame Iran for attacks on two oil tankers near the Straits of Hormuz, Reuters reported. Oil prices settled 2.2% higher on 13...

Don’t slow the flow: EU wants no snag in Russian gas via Ukraine

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As Nord Stream-2 builders are planning to finish the gas pipeline from Russia to Germany underneath the Baltic Sea by the end of the year, the European Commission wants Moscow to provide guarantees of...

Climate finance by major development banks hit record high

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Boosting projects that help developing countries cut emissions and address climate risks, climate financing by the world’s six largest multilateral development banks (MDBs) rose to a record high of $43.1 billion in 2018, up...

Shell ships first LNG cargo from Prelude FLNG from Australia

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Targeting the Asian market, Royal Dutch Shell, along with its Joint Venture Partners Japan’s INPEX, South Korea’s KOGAS and US-based OPIC, announced on 11 June that the first shipment of Liquefied Natural Gas has...

Tokayev pledges to deepen cooperation with Kazakhstan’s neighbours

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NUR-SULTAN, Kazakhstan – Kazakhstan’s President Kassym-Zhomart Tokayev told a press conference at the Ak Orda Presidential Palace on 10 June that the elections were "open and fair" and vowed to fulfil “a mandate of...

Kazakhstan eyes gas exports to China as Trans-Caspian-Pipeline faces obstacles

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NUR-SULTAN, Kazakhstan – Although some significant legal obstructions have been removed after the Caspian Sea agreement was signed last year, it is close to impossible to see how the economics of exporting Turkmen gas...

Cyprus reworks Aphrodite gas deal with US, Dutch, Israeli partners

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Cyprus' Energy Minister Giorgos Lakkotrypis said the government concluded an agreement with US-based Noble Energy, Royal Dutch Shell and Israel’s Delek on the distribution of revenues from natural gas exploitation from the Aphrodite field...

EU probes support into Lithuanian state energy incumbent

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Concerned that Lithuanian support for Lietuvos Energija may have unduly favoured the company and distorted competition in the EU market, the European Commission opened an in-depth investigation to see the government’s decision to provide...

Cañete calls for establishing effective carbon markets

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International carbon markets and carbon pricing will play a major role in the fight against climate change and help advance ambitious climate action, Climate Action and Energy Commissioner Miguel Arias Cañete said, adding: “But we...

Cyprus, Noble Energy reach deal to expedite Aphrodite development

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Cyprus’ government has reached a deal to revise the contract with US-based company Noble Energy and its joint venture partners, Israel’s Delek Group and Royal Dutch Shell to develop the Aphrodite gas field, Cyprus...

Kazakhstan’s Kashagan oil production to reach 3 mln tonnes in 2019

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Nur-Sultan, Kazakhstan - In 2019, the giant Kashagan oil field in Kazakhstan’s section of the Caspian Sea reportedly plans to produce 12.9 million tonnes of oil and eight billion cubic metres of gas. Kazakhstan Prime...

Shell starts production Gulf of Mexico’s Appomattox system

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Royal Dutch Shell, through its subsidiary Shell Offshore has announced that production has started at the Shell-operated Appomattox floating production system months ahead of schedule, opening a new frontier in the deep-water US Gulf...

EC, EIB and BEV set up €100 million fund for clean energy investments

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At the Fourth Mission Innovation Ministerial meeting in Vancouver, Canada, the European Commission, the European Investment Bank and Breakthrough Energy Ventures established a new €100 million investment fund to support clean energy investments. Breakthrough Energy...

EU Commissioner urges prevention to reduce disasters amplified by climate change

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The European Union needs to step up prevention actions to reduce the impact of disasters that are amplified by climate change, Humanitarian Aid and Crisis Management Commissioner Christos Stylianides said. Delivering a keynote speech at the...

Argentina awards ENI high potential offshore block

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The Argentine authorities have officially awarded the exploration license of offshore block MLO 124 to a consortium led by Italian energy major ENI. The award is the outcome of the consortium’s successful bid in...