Archive: Natural Gas EU Policy & Regulation
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Russia-Ukraine face-off ‘unlikely’ to disrupt gas supplies
EU officials have played down the potential impact of the Ukraine-Russia crisis on energy supply to the 28 member states.
EU energy ministers address high retail prices
EU energy ministers discussed energy prices and the proposed 2030 targets in a first exchange of views in the European Council this week. Discussions focused on the discrepancy between falling wholesale prices and rising retail energy prices across Europe.
EU nations call for more clarity on 2030 climate goals
Ministers from the 28 EU member states have called for more clarity on the 2030 energy and climate goals proposed by the European Commission.
EU-money to speed up gas flows from Slovakia to Ukraine
The EU will make €20-30 million ($27-41 million) available to fund the development of reverse flows on the gas interconnector between Slovakia and Ukraine, EU officials said in Brussels this week. The move is a part of an overall € 11 billion financial aid package from the EU to Ukraine to develop economic and political stability in the country.
Spain marks end of golden era for renewables
Spanish utility Iberdrola has ended its domestic renewables expansion after the company saw its financial performance dented by changes to the government’s subsidy schemes.
EU-Georgia energy negotiations catch Russia’s eye
Challenging political relations between the EU and Russia are expected to intensify with the enlargement of the Energy Community to Georgia.
Commission ‘hopeful’ on benchmark regulation compromise
The European Commission is hopeful that negotiations with MEPs in the European Parliament will lead to an agreement on the proposed legislation on indices used as benchmarks in financial contracts, including commodities.
Eurogas calls for clarity on EU state aid rules
Industry group Eurogas has welcomed the European Commission’s proposed new Environmental and Energy Aid Guidelines (EEAG) but simultaneously warned that the proposals lack clarity in some areas.
CO2 prices unchanged after fast-track approval
The decision to withhold 400 million carbon allowances (EUAs) passed its last hurdle this week after the European Council formally approved the fast-track backloading proposal. The council’s decision did not have an immediate impact carbon prices, however.
EIB to lend $15 billion per year to energy projects
The European Investment Bank – which is owned by the 28 EU member states – expects to lend around €10-11 billion ($14-15 billion) per year to fund energy projects in the future, senior officials at the bank said this week.
Shaky start to EMIR on absence of derivatives definition
New EU rules enforcing transaction reporting in derivatives trading have got off to a shaky start because of the absence of a clear definition of what derivatives are.
2030 could mark turning point for CCS in Europe
The European Commission is considering additional legislation to attract investment in new carbon capture and storage (CCS) projects that are currently commercially unprofitable.
MEPs postpone vote on benchmark regulation
MEPs in the European Parliament’s Economic and Monetary Affairs committee (ECON) have postponed a vote on a proposed regulation on indices used as benchmarks in financial contracts including commodities.
EU-Swiss energy relations in danger after immigration vote
The suspension of negotiations on an electricity agreement between the EU and Switzerland following the Swiss vote on immigration quotas could have severe knock-on effects on energy trading, according to industry experts.
EU regulation to drive gains in carbon prices
Backloading carbon emission allowances combined with long-term structural reforms proposed by the European Commission are expected to support carbon prices in the near future.