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Trans-Caspian pipeline decision expected in July

A preliminary decision on the proposed Trans-Caspian pipeline between Turkmenistan and Azerbaijan is likely to be taken next month, a senior European Commission official involved in the negotiations told Interfax this week.

22 June 2012
Environmental Policy

Future role of gas divides EU

A conference in Brussels this week heard conflicting views from EU representatives about the future of gas in the energy mix.

21 June 2012
Upstream

EC scolds member states for ‘selfishness’

European member states have been slammed by a senior official at the European Commission for acting selfishly over infrastructure projects of common European importance.

21 June 2012
Environmental Policy

Nuclear stress test under fire in European Parliament

Members of the European Parliament have criticised a report on nuclear stress tests and questioned to what degree the EU can learn from the Fukushima nuclear disaster.

20 June 2012
Market Legislation

EU mulls MiFID exemptions for commodities firms

Companies with physical interests in commodities markets, including gas companies, may be exempt from position limits under the proposed Markets in Financial Instruments Directive (MiFID), MEPs said on Tuesday.

20 June 2012
Market Legislation

Europe breathes a sigh of relief after Greek elections

The pro-bailout, conservative New Democracy party won enough seats to form a joint government in the critical Greek elections on Sunday. Fear of a Greek exit from the eurozone receded but questions remain if Greece will be able to form a capable government that will help the much troubled country out of its current crisis.

19 June 2012
Upstream

Council rejects proposal for transparency in energy contracts

The European Council has rejected a proposal put forward by the European Commission and Parliament for a legal framework covering intergovernmental agreements in energy between member states and third countries, MEP and Rapporteur Krisjanis Karins told the Committee on Industry, Research and Energy (ITRE) on Monday.

19 June 2012
Environmental Policy

Poland vetoes council conclusions on Energy Roadmap

At a meeting of EU energy ministers on Friday, Poland blocked the adoption of an otherwise unanimous conclusion on how the EU should proceed to a low-carbon economy by 2050, EU diplomatic sources said.

18 June 2012
Environmental Policy

Uncertainty clouds EU’s energy efficiency deal

The EU agreed on legally binding measures to reach a 17% energy efficiency target by 2020 this week, but there is much uncertainty linked to how the new framework will work in practice.

15 June 2012
Environmental Policy

Finance ministers to debate new energy tax rates

EU finance ministers will debate the planned reform of energy product taxation at their meeting in Luxembourg next week.

14 June 2012
Upstream

EU ‘hopeful’ on Turkmen gas despite mounting scepticism

The European Commission continues to push for an agreement on the proposed trans-Caspian gas pipeline despite mounting scepticism as to whether the project is realistic.

13 June 2012
Market Legislation

Hedegaard: floor price is not preferred way to fix ETS

A floor price for EU carbon emission allowances will not be among the favoured options for a long-term fix of the bloc's emissions trading scheme (ETS), when the European Commission presents a review of the scheme - something which it is planning to do “rather soon”, possibly in July, EU Climate Commissioner Connie Hedegaard said in Brussels on

12 June 2012
Upstream

EU project financing criteria remains uncertain

The European Parliament is discussing the guidelines for the trans-European networks that will allocate €9.1 billion for energy projects under the Connecting Europe Facility. However, the selection criteria for project financing remains uncertain.

12 June 2012
Market Legislation

Phase 3 allowances auction oversubscribed

The first auction of the third phase EU carbon allowances in the framework of the European Investment Bank’s (EIB’s) NER300 initiative was oversubscribed by more than three times and cleared at €6.83 ($8.59) per allowance, according to German exchange EEX, which hosted the sale on Thursday.

11 June 2012
Market Legislation

EU institutions to shake hands on energy efficiency law

The prolonged negotiations on a new European energy efficiency law may end with a compromise next week, Claude Turmes, the lead MEP working on the file, said on Thursday.

11 June 2012
Market Legislation

Poland blocks discussion of draft Energy Roadmap

EU environment ministers are not expected to have discussed the bloc’s draft Energy Roadmap 2050 on Monday, as a result of Poland’s continued blocking of any decisions related to the future of Europe’s climate policy, EU sources told Energy Monitor.

11 June 2012
Environmental Policy

EU set to miss 20% energy efficiency target

The European Parliament and European Commission are unlikely to make the 20% energy efficiency targets by 2020 legally binding because of a lack of commitment from German Chancellor Angela Merkel and other European leaders in the Council, MEP Claude Turmes said on Thursday.

8 June 2012
Environmental Policy

Renewables investment must double to reach EU targets

Annual capital investment in Europe’s renewables sector will have to double to €70 billion ($87 billion) per year for member states to reach the 20% renewables target by 2020, the EU’s Commissioner for Energy, Günther Oettinger, said at a press event in Brussels on Wednesday.

8 June 2012
Market Legislation

Ministers to call for low-carbon framework

EU energy ministers are expected to adopt conclusions on a draft 2050 low-carbon energy roadmap at their meeting in Luxembourg on 15 June, recognising the merit of increasing the use of renewable energy sources in the energy mix in the long term without ruling out the use of fossil fuels.

7 June 2012
Environmental Policy

Offshore safety debate heats up in EU Parliament

The European Parliament’s Committee on Industry, Research and Energy (ITRE) debated the European Commission’s draft regulation on the safety of offshore oil and gas exploration last Wednesday.

6 June 2012

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