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Market Legislation

Oil-indexation debate reaches Parliament

With oil and gas prices diverging, Gazprom has come under increasing pressure to link more of its long-term supply agreements to spot gas markets instead of oil. The issue was raised during last week’s EU-Russia event in the European Parliament.

4 May 2012
Environmental Policy

Bidding zone resizing may help fight unplanned power flows

The splitting of the German bidding zone for power transmission capacities into smaller units may help provide a short-term solution to the problems caused by unplanned electricity flows mainly from North Germany which have threatened the stability of electricity grids in Central Europe, a top European Commission official said last week.

3 May 2012
Market Legislation

EU energy committee calls for MiFID exemptions

The EU Parliament’s committee on Industry, Research and Energy (ITRE) has expressed broad support for energy companies that want to be exempt from position limiting under new market legislation proposed by the Commission.

2 May 2012
Market Legislation

New report to feed into ETS price debate

The European Union could be much more ambitious about reducing carbon dioxide emissions between now and 2020 with minimal economic costs, according to new research by Bloomberg New Energy Finance (BNEF). Most Central European countries would benefit from the move via selling surplus carbon allowances to more developed EU countries, it said.

30 April 2012
Market Legislation

EC warns five member states to comply with energy package

Five member states have still failed to notify full compliance with the Gas and Electricity Directive under the Third Energy Package, the European Commission said in a statement on Thursday.

27 April 2012
Upstream

Pressure increases on South Stream to comply with EU law

The pressure on Gazprom to make its South Stream pipeline project compatible with European Union law appears to have increased after the head of the Russian Gas Society told Interfax that the project has not been granted an exemption from the Third Energy Package.

27 April 2012
Environmental Policy

EU states refuse to increase their commitments on energy efficiency

EU energy ministers remained opposed to binding energy efficiency targets sought by the European Parliament, and refused to enter into debate about a freeze on carbon emissions allowances at their informal meeting on 19 April in Horsens, Denmark.

26 April 2012
Environmental Policy

Industry calls on EC to prioritise gas

The gas industry has called on the European Commission to prioritise gas as a key tool in its long-term plans to decarbonise the EU economy.

25 April 2012
Market Legislation

Greece needs radical energy reform to boost economy

Energy policy in Greece has the potential to make a significant contribution to the country's economic recovery, but radical reform is needed to transform the industry, the European Commission said last week.

24 April 2012
Market Legislation

EU states should decide efficiency targets independently

Member states should be allowed to set national energy efficiency targets and decide how to best achieve them independently from the EU, Marta Margarit, general secretary of Spanish gas association Sedigas said on Monday.

24 April 2012
Market Legislation

Commission gets mandate to propose EU ETS corrections

European carbon emission prices rose to above €7 ($9.2) on Thursday after the EU Commission said it aims to bring forward a proposal for agreement by member states by the end of this year to curb the oversupply of carbon allowances in the EU Emissions Trading Scheme (ETS).

23 April 2012
Market Legislation

EU members warned against over-dependence

Flame conference delegates were told that EU member states should avoid over-dependence on long-term contracts and take care not to become too reliant on Russia, which may soon have good reason to export elsewhere.

20 April 2012
Environmental Policy

Lack of ambition on energy efficiency concerns EU

The lack of ambition by national governments in a revised version of the draft EU energy efficiency law may be an obstacle to the European Commission, Council and Parliament reaching a first reading agreement on the new legislation, according to a leaked Council document seen by Energy Monitor.

19 April 2012
Market Legislation

Gas industry speaks out against EU ETS

Players in the gas industry hit out hard against the EU’s Emission Trading Scheme at an industry event this week, arguing that the low price of carbon favours coal-fired power generation over lower-emitting gas-fired plants.

18 April 2012
Environmental Policy

Unbundling no remedy for lack of storage investment

The positive effects of unbundling and third-party access to gas storage facilities, as required under EU law, is being overshadowed by a lack of investment in new capacity, according to industry experts.

17 April 2012
Market Legislation

EU ETS needs urgent structural reform – Deutsche Bank

A structural reform of the EU Emission Trading Scheme (ETS) is urgently needed as the proposed set-aside of allowances is unlikely to be enough to boost prices in the long term, Deutsche Bank said in a report published on Friday.

13 April 2012
Market Legislation

EU rules on insider dealing yet to be harmonised

The extent of the overlap between different EU regulations that aim to stamp out insider dealing in energy and financial markets is still undecided and more work needs to be done to clarify how the rules apply under each framework, a senior member of the European Parliament told Interfax on Thursday.

13 April 2012
Market Legislation

Confusion reigns over Market Abuse Regulation

The EU wants to clamp down on market manipulation by strengthening the framework of the Market Abuse Directive, but the Parliament’s latest amendments to the proposed Regulation has raised many questions amongst stakeholders in the energy industry.

11 April 2012
Environmental Policy

Elgin incident may hasten new EU safety rules

The recent gas leak at the Elgin platform in the North Sea may speed up the adoption of new European Union rules that would strengthen safety requirements for offshore drilling, according to Fitch Ratings.

11 April 2012
Environmental Policy

EU negotiations to bridge disputes over Energy Efficiency Directive

The three major EU institutions will hold their first round of negotiations on the draft Energy Efficiency Directive on Wednesday, after member states approved the main elements of the negotiating mandate prepared by the Danish presidency of the EU Council on Tuesday.

10 April 2012

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