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Energy Security

Cold spell highlights need for gas grid investment - Oettinger

The recent cold spell in Europe emphasises the need for increased investment in cross-border infrastructure for gas and power, Günther Oettinger, the EC’s commissioner for energy told journalists after the EU Council energy summit in Brussels on Tuesday.

15 February 2012
Environmental Policy

EU pushes for CCS deployment at Beijing summit

Deployment of Carbon Capture and Storage (CCS) to reduce emissions from power generation in China will be high on the agenda when EU ministers meet with the Chinese government in Beijing on Tuesday.

14 February 2012
Environmental Policy

EC to increase funding for bio-energy projects

The European Commission is making more funding available for projects in the bio-energy sector to reduce Europe’s dependence on fossil fuels, it confirmed on Monday.

14 February 2012
Market Legislation

Higher than expected share of renewables in EEC countries

An on-going revision of biomass consumption data in European Energy Community (EEC) countries is expected to reveal a higher-than-expected share of renewable energy in their gross final energy consumption, according to a senior official at the EEC Secretariat.

13 February 2012
Market Legislation

Final agreement on OTC derivatives trading rules in sight

An informal agreement was reached on Thursday on new EU rules intended to make over-the-counter (OTC) trading in derivatives – including energy derivatives for oil, gas and power – safer and more transparent.

13 February 2012
Market Legislation

Energy efficiency debate moves towards flexible schemes

The prospects of a compromise on measures needed to implement the EU's 20% energy efficiency target for 2020 have been dimmed by member states’ diverging short-term interests.

9 February 2012
Competition Law

EU raids show zero tolerance to market fixing

The European Commission’s unannounced raids on two of Europe’s largest energy exchanges is a clear signal that it is stepping up its efforts to combat anti-competitive behaviour in power and gas markets

8 February 2012
Environmental Policy

Funding hampers EU’s push for a greener India

EU’s upcoming summits with India and China will address pressing issues such as energy efficiency and clean coal developments, but the task to advocate green technologies will be daunting unless larger funds are allocated to projects.

7 February 2012
Upstream

EU infrastructure deal unlikely before end of 2012

An agreement on pan-European energy infrastructure development priorities is not likely before the end of 2012 due to diverging views among EU member states on several key points, according to a note

6 February 2012
Market Legislation

Price spike tests EU market liberalisation

The recent surge in European gas prices is a sharp reminder of why the EU is concerned about over-dependency on Russian gas and why it battles with Gazprom over market liberalisation.

3 February 2012
Market Legislation

Market coupling is not silver bullet for making power markets function

National energy regulators in Central and Eastern Europe are struggling to reach a much-delayed compromise on how to integrate national power markets in line with EU laws.

2 February 2012
Environmental Policy

EC tables cost calculations for 30% GHG emissions reduction

The European Commission said a 20% reduction in greenhouse gas (GHG) emissions by 2020 will be less costly in monetary terms for member states than was estimated at the time of adoption of the energy

2 February 2012
Market Legislation

The need for a common EU nuclear policy

Frank Umbach, of the European Centre for Energy and Resource Security, spoke to Interfax about the EU’s sanctions on Iran, relations with Russia and the lack of an EU-wide nuclear policy.

1 February 2012
Foreign Affairs

MEPs debate Brazil’s LNG export potential

Members of the European Parliament (MEPs) have opened a debate on the potential of importing LNG, oil and biofuels from Brazil to Europe following recent hydrocarbon discoveries in the South American country.

31 January 2012
Market Legislation

Council calls for rapid implementation of internal market

The European Council – seen as the most powerful of the three major EU institutions as it consists of the member states’ heads of state – on Monday called for a rapid implementation of the single market for energy in order to combat unemployment in the EU 27.

31 January 2012
Market Legislation

Regulators push for fast-track application of new network rules

European gas transmission system operators should start implementing new network rules even before EU member states have given the rules their final approval, according to key regulators.

30 January 2012
Energy Security

Member states under fire for prioritising national interest

A senior EU official has criticised member states for neglecting the chance to build a unified EU voice in energy relations with third countries to protect diverging national interests.

30 January 2012
Environmental Policy

EU environmental legislation ‘sufficient’

A European Union-commissioned study has shown that the EU has sufficient legislation to protect the environment as companies like ExxonMobil and Chevron explore for shale gas in Europe, according to a Bloomberg report on Friday.

27 January 2012
Competition Law

EC’s court action shows ambition towards 2014

The European Commission’s court action against the UK and Ireland shows that it is losing patience with member states’ reluctance to comply with EU law on gas market reforms.

27 January 2012
Foreign Affairs

Iran sanctions will have limited impact on oil prices

EU foreign ministers agreed on 23 January 2012 to ban new contracts for Iranian crude oil and petroleum products.

26 January 2012

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