Energy

EU-Brazil Summit to forge strategic global action

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The 5th EU-Brazil Summit will take place in Brussels on 4 October, covering global, regional and bilateral issues. Of these, climate change and the Rio+20 UN Conference on Sustainable Development will take the prominent...

Gazprom to take major stake in Belarusian pipeline soon

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  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

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  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

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  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...

Oettinger calls for internal energy market as EU raids companies

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  On 29 September, Energy Commissioner Günther Oettinger discussed plans for the completion of the internal energy market. In 'Getting to 2014', Oettinger stressed the need for full member-state compliance in implementing the market: “We...

Schulz slams Turkey as Cyprus drills for gas

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  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...

Czech Republic and Germany put on notice for EU ecodesign legislation

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The European Commission has formally requested the Czech Republic and Germany to bring their national legislation on ecodesign in line with EU rules. Both countries have yet to inform the Commission – after a...

Oettinger stresses need for internal energy market

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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

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  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...

Emissions trading: Climate-change ‘Clash of the Titans’?

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Capitol Hill saw strange political 'habitués' as the Obama administration, House Republicans, the aviation industry and labour groups all joined in opposition to the cap-and-trade system. At the heart of the issue was the...

MEPs warn Turkey against naval intervention in Cyprus

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  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...

EU emissions-trading system ‘takes flight’

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The European Commission has taken an significant step for the aviation industry to aid in the fight against climate change; it will become part of the EU's emissions trading system (EU ETS) from 2012....

There can be only one

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Germany's BASF and France's EdF recently agreed to join Russian gas monopoly Gazprom and Italy's ENI in building the South Stream gas pipeline across the Black Sea. Although the European Commission has said it...

Russia-Switzerland treaty to crack down on tax evaders

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  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

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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...

IAEA lowers nuclear growth forecast after Fukushima

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  The International Atomic Energy Agency (IAEA) has lowered its projections for nuclear energy growth to 2030 by 8% in the wake of the Fukushima nuclear disaster. In its annual forecast published in Vienna, the...

Schwarzenegger hails AER commitment to green energy

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 Former California governor and Hollywood actor Arnold Schwarzenegger, President and founder of the R20, a group of regions and federated states which have decided to make the fight against climate change their priority, gave...

Poland: Raising EU climate targets ‘unrealistic’

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There is no chance of the European Union raising its carbon-dioxide (CO2) emission reduction targets in the run up to a global climate change summit at the end of the year, Poland's EU Affairs...

OMV to shed refinery and focus on gas

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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...

Kiev to compromise with Moscow to revise gas deal

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 On 20 September, Ukrainian Prime Minister Mykola Azarov said his country is ready for a compromise and hopes that a new viable gas contract with Russia will be concluded during Ukrainian President Viktor Yanukovych's...

Russia and two Koreas renew pipeline talks

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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

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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]

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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...

Commissioner Piebalgs appointed to UN High Level Group

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Development Commissioner Andris Piebalgs, was appointed as a member of the UN High Level Group on Sustainable Energy for All on 20 September - Piebalgs will join business and government leaders, as well as...

Tehran, Moscow discuss oil and gas projects

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On 12 September, Russian Energy Minister Sergei Shmatko said Tehran and Moscow are discussing different projects to expand mutual cooperation in the oil and gas sectors. "During the meeting, we studied very interesting projects...

EU to pass legislation on wholesale energy-trading abuse

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 The EU passed legislation on 14 September which aims to prevent energy-trading abuse - the bill, which is called the Regulation on Energy Market Integrity and Transparency(REMIT), was widely approved in the European Parliament,...

EU to begin negotiations on Trans-Caspian Pipeline

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 The EU has adopted a mandate to negotiate a treaty with Azerbaijan and Turkmenistan to build a Trans-Caspian Pipeline System. This would be the first EU-proposed treaty in support of an infrastructure project and...

Öttinger calls for EU countries to speak with one voice

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On 7 September, Energy Commissioner Günther Öttinger unveiled a proposal, calling for transparency in the interest of EU member states and European energy users. The Commission adopted the communiqué 'The EU Energy Policy: Engaging...

Cyprus drilling stirs up tensions

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   Exploratory drilling in Cyprus’ southeast waters combined with Turkey’s objections and Ankara’s feud with Israel could see tensions rise to new heights. The Cypriot government awarded Noble Energy the rights to drill in Block...

EU to dodge gas crisis

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  An increasingly heated gas-price dispute that has ended a thaw in relations between Kiev and Moscow will not lead to a repeat of the previous gas crisis that affected the transit of natural gas...

NE ASKS: Is democracy a criterion for EU energy trade?

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New Europe asks Energy Commissioner Oettinger:  Will democracy be one of the major criteria for Europe's energy trade in the future? Günther Oettinger, responding to Anna Vvedenskaia on 7 September in Brussels said: "If our...

‘Speak with one voice’

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On 7 September, Energy Commissioner Günther Oettinger called for "a coherent approach in energy relations with third countries" so that member states can "act together and speak with one voice". According to this communication, which was...

Conservatives declare war on attempt to control energy deals

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Conservative MEP Giles Chichester has vowed to fight a European Commission bid to control and vet all major energy deals between EU states and other countries such as Libya or Russia. Under new rules proposed on...

Securing energy interests abroad

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Energy is a key aspect of European life - the EU imports 80% of its oil and more than 60% of the gas it consumes, and many will remember 2008-2009, when Russia cut the...

Trans-Korean Pipeline Project is diplomacy not a business tool

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Russia’s president Dmitry Medvedev held, on 24 August, talks with the Kim Jong Il, the leader of the Democratic People’s Republic of Korea Kim Jong II. The six-nation nuclear talks and energy were the...

Hellenic Petroleum net soars in Q2

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Greece's biggest refiner Hellenic Petroleum said on 31 August second-quarter profit rose more than fourfold. Hellenic Petroleum capitalized on its diversified asset base and the impact of transformation efforts over the last two years,...