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Gazprom hits EU ‘wall of bureaucracy’ over pipelines

Gazprom Chief Executive Alexei Miller has told the European Business Congress in Slovenia that EU regulation is preventing both Nord Stream and South Stream from being used to their full capacity.

1 June 2012
Environmental Policy

China reluctance on climate targets concerns EU

At last year’s climate summit in Durban, the 195 nations of the UN Climate Change Convention agreed to draw up a legal framework for greenhouse gas (GHG) reductions by 2015 with an implementation deadline set for 2020, as proposed by the EU.

30 May 2012
Market Legislation

EU state-aid scheme to benefit coal, not gas

The European Commission adopted a framework on Tuesday, under which member states may provide state aid to compensate for higher electricity costs resulting from the EU Emissions Trading Scheme (ETS) as of 2013.

29 May 2012
Market Legislation

IETA: EU carbon trading system not broken

The International Emissions Trading Association (IETA) denied that Europe’s Emissions Trading Scheme (ETS) was broken, dismissing suggestions last week that the scheme has lost industry support.

28 May 2012
Market Legislation

Ratings agency: EU bonds are no silver bullet

The European Union’s project bonds initiative could be a good start to stimulate the growth of the project finance market in Europe, but significant obstacles remain, Fitch Ratings said in a report published on Thursday.

28 May 2012
Environmental Policy

Why the EU ETS will never work

Dieter Helm is a professor at the University of Oxford who specialises in energy, environment and regulation. He tells Andreas Walstad why the EU’s emissions trading scheme system is broken and what it should be replaced with.

25 May 2012
Environmental Policy

Van Rompuy steps in on energy efficiency

European Council President Herman Van Rompuy asked EU leaders on Thursday to help break the deadlock in the negotiations between national energy ministers and the European Parliament on a draft energy law aimed at achieving a 20% increase in the bloc’s energy efficiency by 2020.

24 May 2012
Market Legislation

The economic effects of a Greek exit

Speculations about a Greek exit from the European monetary union have raised questions about how investments in the energy infrastructure will be affected.

23 May 2012
Market Legislation

REMIT implementation splits industry

Five months have passed since the EU pushed through new and stricter transparency laws for gas and power producers, but compliance with the law is far from harmonised among energy companies.

22 May 2012
Environmental Policy

EBRD criticised for ‘excessive lending’ to polluting energy technologies

The European Bank for Reconstruction and Development (EBRD) should urgently revise its lending policy in the energy sector to bring it into line with its own sustainable energy strategy, the NGO Bankwatch said in a report released on 17 May.

21 May 2012
Foreign Affairs

Truncated Nabucco undermines EU hopes for direct access to Caspian gas

The scaling back of the planned Nabucco gas pipeline project last week is a major blow to the EU’s hopes of decreasing dependence on Russian imports by establishing direct access to Caspian gas.

21 May 2012
Environmental Policy

Taxing times for gas as a transportation fuel

The European Commission’s proposal to amend Directive 2003/96, which structures the community’s framework for the taxation of energy products and electricity, was adopted in Parliament on 19 April. While the proposed amendments to motor fuel taxation were rejected, the Parliament extended tax exemptions for gas and LPG as transport fuels.

18 May 2012
Environmental Policy

Commission mulls binding biomass criteria

The European Commission is considering binding sustainability criteria for solid and gaseous biomass used for renewable energy production in the EU, a senior Commission official said on Tuesday.

17 May 2012
Market Legislation

No early compromise on transparency rules for energy agreements

Contrary to expectations, representatives of the European Commission, Parliament and Council could not agree on the final text of a draft EU decision to make intergovernmental energy agreements between member states and third countries more transparent on Wednesday.

15 May 2012
Market Legislation

Oettinger calls for more independence of national nuclear regulators

National nuclear safety authorities across Europe need to be more independent, EU Energy Commissioner Gunther Oettinger said at a seminar on nuclear power station stress tests in Brussels on last week.

14 May 2012
Market Legislation

Commission to drive convergence of national renewable energy support schemes

The European Commission will present proposals for a renewable energy policy regime for the post-2020 period in 2014, according to a draft communication which the Commission is expected to put forward in the next few weeks.

14 May 2012
Market Legislation

EU Commissioner outlines key energy priorities for 2012

Günther Oettinger, the EU’s Commissioner for Energy, presented the key objectives of European energy policy for the second half of 2012, in a hearing at the European Parliament on Tuesday.

11 May 2012
Market Legislation

MiFID debate intensifies as energy sector pushes for exemption

The EU has come under increasing pressure to exempt commodity firms from new laws on position limits in traded markets, but has given no clear signal that it intends to do so.

11 May 2012
Upstream

Unbundling a condition for EU support for Hungarian pipeline

The European Commission has tied EU financial support for the Hungarian section of a planned Slovak-Hungarian gas pipeline to the Hungarian transmission system operator (TSO), Magyar Gáz Tranzit Zrt., fulfilling the ownership unbundling requirements of the 2009 Gas Directive.

10 May 2012
Market Legislation

German market abuse law not compatible with EU regulation

In an attempt to clamp down on market abuse, a draft law recently approved by the German government has proposed setting up a market transparency agency for the reporting and monitoring of trades in German power and gas markets. Market abuse in gas markets can, for instance, include trading on the back of insider information such as outages at gas

9 May 2012

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