Energy

Rosatom launches nuclear icebreaker to open Arctic route

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Rosatom State Atomiс Energy Corporation launched in St Petersburg on 25 May the nuclear-powered arctic icebreaker Ural, aiming to ensure all-year round navigability of the Northern Sea Route (NSR). “The Ural together with its sisters...

US sanctions may be too late to stop Nord Stream-2 construction

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US sanctions against the controversial Nord Stream-2 pipeline from Russia to Germany are unlikely stop the project’s construction but may prevent Russian gas monopoly Gazprom from using the pipeline at full capacity in the...

Russian oil: There may be gunk

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As Russia is in the process of removing contaminated oil from the Druzhba export pipeline, the real cost of damage to European refiners, time to remove tainted oil and restore exports as well as...

The challenge of being an ambassador to Ukraine

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Among the biggest challenges for foreign diplomats is an election year in Ukraine. The unpredictability that never wanes, even after the results are in, offers very fertile ground for developing professional skills of the...

Borissov, Tsipras launch IGB pipeline in Bulgaria

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In the Bulgarian village Kirkovo on 22 May, Bulgaria's Prime Minister Boyko Borrisov hosted his Greek counterpart Alexis Tsipras at a ceremony to launch the 180-kilometre Interconnector Greece Bulgaria (IGB) pipeline, aiming to reduce...

EU Council adopts remaining files on electricity market and ACER

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The European Council on 22 May formally adopted four new pieces of EU legislation that redesign the EU electricity market to make it fit for the future. EU ministers adopted new laws on 22 May,...

Šefčovič and Zelensky discuss transit of Russian gas via Ukraine

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European Commission Vice President for Energy Union Maroš Šefčovič discussed with Ukraine's newly sworn-in president, Volodymyr Zelensky, the issue of transiting Russian gas to Europe via Ukraine. During his meeting with Zelensky while Šefčovič was in...

Vella says EU must maintain the momentum of its environmental work

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The European Union need to keep up the momentum of fighting climate, Environment, Maritime Affairs and Fisheries Commissioner Karmenu Vella said. Following the EU Green Week 2019, which ended on 17 May, Vella picked up...

Russia’s Gazprom discovers 2 new fields in Yamal shelf

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Russian gas monopoly Gazprom has announced on the discovery of new hydrocarbon fields on the shelf of the Yamal Peninsula. The Federal Agency for Mineral Resources approved on 17 May the expert opinions of the...

Kazakhstan’s Kashagan field production resumes ahead of schedule

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NUR-SULTAN, Kazakhstan - Production at the Kashagan field has successfully ended before the scheduled date, Kazakhstan’s Energy Ministry said on 20 May. “On Sunday, May 19, 2019, after the successful completion of the first scheduled...

Saudi-Iran spat over drone attacks fuel oil prices

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Increased tensions in the Middle East have fuelled oil prices this week. On 16 May, crude oil prices increased more than 1% as a Saudi-led coalition launched air strikes in retaliation for recent attacks...

Bulgaria to launch IGB pipeline in May

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ICGB AD, the company that will construct, own and operate the Interconnector Greece Bulgaria (IGB) pipeline has chosen after a tender Greece’s J&P AVAX to construct the pipeline. “The participant that best covers ICGB’s technical...

Vella calls for the implementation of EU environmental laws

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Full implementation of EU environmental legislation could save the EU economy around €55 billion every year, EU Environment, Maritime Affairs and Fisheries Commissioner Karmenu Vella said in Brussels, citing a recent Commission report. At the...

Northvolt’s battery gigafactory in Sweden gets EU support

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The European Investment Bank (EIB) said on 15 May that the Bank has given its in-principle agreement to support Northvolt’s gigafactory for lithium-ion battery cells in Skellefteå, Sweden, by a loan of €350 million. Upon...

Production starts up at Cameron LNG export terminal in Louisiana

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The Cameron LNG project has achieved first liquefied natural gas (LNG) production from train 1, French energy major Total said on 14 May. The second-largest private global LNG player, Total said the $10 billion...

Italy’s ENI announces a new light oil discovery offshore Angola

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Italian energy major ENI said on 14 May it has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well was drilled on the Ndungu exploration prospect. The new...

Commission to support EU islands in their energy transition

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The Clean Energy for EU Islands Secretariat on behalf of the European Commission launched on 14 May in Stockholm a support mechanism for islands wishing to develop concrete clean energy transition projects. “Island communities historically...

EIB loan to finance power cable between Crete and mainland Greece

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ATHENS - The Greek island of Crete took a step closer towards energy independence and cutting CO2 emissions on 9 May, following a deal between Greece’s Independent Power Transmission Operator (IPTO or ADMIE) and...

Anastasiades criticises Turkey for drilling offshore Cyprus

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ATHENS - Cyprus’ President Nicos Anastasiades criticised Turkey at the EU leaders summit in Sibiu, Romania saying Ankara’s “illegal actions” to drill in Cyprus’ Exclusive Economic Zone (EEZ) are causing an “unprecedented escalation” in...

A green new deal for Europe

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The Green New Deal launched recently by the Democrats is a welcome sign that some American politicians support urgent action to address climate change. The deal's aim of cutting carbon emissions by 60% by 2030 is...

EU clears acquisition of Dublin Waste-to-energy facility

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The European Commission approved the proposed acquisition of joint control over the Dublin Waste-to-energy facility of Ireland by DIF Infra 5 UK of the Netherlands, Green Investment Group Investments of the UK and Covanta...

ExxonMobil to advance Liza Phase 2 offshore development in Guyana

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US energy giant ExxonMobil said on 3 May it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Liza Phase 2 will produce up to 220,000 barrels of...

Turkey drilling offshore Cyprus escalates tensions in East Med

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ATHENS – The European Union and the United States expressed their concerns with Turkey's intention to drill within Cyprus’ exclusive economic zone (EEZ), a move that could escalate tensions in the energy-rich Eastern Mediterranean...

Sweden’s domestic shipping emits more greenhouse gasses than domestic aviation

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Sweden's domestic shipping emits almost twice the amount of air pollution and greenhouse gases than previously thought and, therefore, domestic shipping has a greater environmental impact than domestic flights. The Swedish Meteorological and Hydrological Institute now collects emission...

Italy’s ENI plans photovoltaic plant in Tunisia

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Italian energy major ENI inaugurated on 3 May in Tataouine, in the south of Tunisia, the construction site for a photovoltaic plant with an installed capacity of 10 MW. The project, which was awarded to...

Climate change accentuates north-south economic inequality

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Finland, Iceland, Norway, and Canada are some of the few countries to benefit economically from climate change in recent decades, according to a Stanford University study published by the US National Academy of Sciences...

US boosts LNG supplies to the EU, aiming to reduce reliance on Russia

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The increased exports of American liquefied natural gas (LNG) to Europe will decrease the European Union’s reliance on Russia and boost EU energy security, former Member of the European Parliament Niki Tzavela, who served...

EU, France and Germany discuss energy innovation cooperation

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European Commission Vice-President Maroš Šefčovič, German Federal Minister for Economic Affairs and Energy Peter Altmaier, and French Economic Affairs and Finance Minister Bruno Lemaire met in Paris on 2 May to discuss cooperation in...

Floating nuclear plant to begin commercial operations in Russia

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Russia’s floating nuclear power unit (FPU) Akademik Lomonosov is now ready to start commercial operations in Russia, Rosatom State Atomic Energy Corporation has said, following a series of successful and comprehensive tests, including on...

BP profit drops in Q1

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BP first-quarter profits dropped due to a weaker oil price and margin environment at the start of 2019, the UK energy giant said, adding, however, that the results demonstrate resilient earnings and cash flow...

EU and US to discuss ways to enhance LNG trade

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The EU and the US plan to boost the transatlantic liquefied natural gas trade, the European Commission said on 30 April, noting that on 2 May top business executives from both sides of the...

Šefčovič calls for building a strategic battery value chain in Europe

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Hosting the third political meeting at Ministerial level under the European Battery Alliance, European Commission Vice-President for Energy Union Maroš Šefčovič said the participating countries agreed to accelerate work in providing accelerated support for...

US ambassador expects fair and open presidential election in Kazakhstan

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For the Untied States, it is important that the new president of Kazakhstan respects democratic values, US ambassador to Kazakhstan William Moser has said. Washington expects that Kazakhstan adheres to its Organisation for Security and...

Rising calls for nuclear, renewables to work together in climate fight

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SOCHI, Russia – All low-carbon energy is needed in order to tackle climate change and meet the 2050 emission targets, World Nuclear Association Director General Agneta Rising told New Europe. “All the low-carbon options need...

Poland to extend LNG terminal in Świnoujście with EU help

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The Polish government and the Polskie LNG company signed a grant agreement on 24 April for the extension of the Liquefied Natural Gas (LNG) terminal in Świnoujście, in north-western Poland on the Baltic Sea...

France debates what to do with its nuclear waste

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France launched a national debate on how to treat its 1.6 million cubic meters of nuclear waste as part of the country's National Plan for the Management of Radioactive Waste takes place under the...

Dutch plans for CO2 capture technology get EU aid

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Dutch plans to grant €706,000 of public support to the company De Meerlanden Holding for the installation of CO2 capture technology in its biomass digester located in Rijsenhout, in the province of Noord-Holland, were...