An E.On coal power plant in Germany. Energy efficency could see gas lose market share to coal. (E.On) Policy & Regulation

Gas industry cautions against EU efficiency reforms

The gas industry is lobbying against stricter EU targets for energy efficiency, which it says could favour coal over gas in the energy mix.

By Andreas Walstad 23 March 2017
Pipelines, Storage & Power

Verbund decides to keep Austrian gas-fired power plant

Austria’s Verbund has withdrawn plans to sell its gas-fired power plant in the Austrian province of Styria and will continue to operate the facility.

17 March 2017
EU Energy Policy

European Parliament rejects total ban on Arctic drilling

MEPs in the European Parliament voted on Thursday against a total ban on oil and gas extraction in the Arctic in a symbolic move.

17 March 2017
Snam is considering investing in Italian storage. (Snam) Pipelines, Storage & Power

Snam plans European access to Italian storage

Snam CEO Marco Alverà says Italy is ready to provide its storage capacity to the rest of Europe and that his company is keen to invest in facilities.

17 March 2017
EU Energy Policy

Šefcovic heads to Spain on Energy Union tour

The EU’s Maroš Šefcovic and Miguel Arias Cañete visited Spain on Thursday to discuss developments related to the Energy Union.

16 March 2017
Alternative Fuels

Isles of Scilly to pilot integrated renewables project

The UK’s Scilly Isles are to host a smart energy project that aims to meet 40% of their power demand from renewable sources.

16 March 2017
Exploration & Production

Montenegro approves Energean to explore in the Adriatic

Greece’s Energean has signed a concession contract with Montenegro to explore two offshore oil and gas blocks in the Adriatic Sea.

16 March 2017
Companies & Finance

Bowleven removes five directors from board

Edinburgh-based Bowleven, a company focused on exploration in sub-Saharan Africa, has removed five directors from its board.

16 March 2017
EMIR is one of several financial regulations drawn up in response to the financial crisis. (European Commission) Policy & Regulation

Energy industry holds breath ahead of EMIR review

Firms hope the review of the European Market Infrastructure Regulation will leave the hedging exemption for mandatory clearing untouched.

16 March 2017
The Vasilikos power station in Cyprus. The country may build an LNG plant nearby. (J&P Group) LNG

Cyprus looks to revive Vasilikos LNG plan

Cyprus may dust off its plans to export LNG if more large gas discoveries are made in its waters, the country’s leaders say.

16 March 2017
Exploration & Production

Faroe Petroleum falls flat in Barents Sea well

Oil and gas company Faroe Petroleum has failed to find any oil or gas in the Boné exploration well in the Barents Sea.

15 March 2017
Companies & Finance

RWE reports €5.7 bln net loss

German power company RWE reported a net loss of €5.7 billion in 2016.

15 March 2017
Companies & Finance

E.On records €16 bln loss

German utility E.On registered a net loss of €16 billion in 2016 – the highest in the company’s history.

15 March 2017
An INA refinery at Rijeka, Croatia. The state holds a 45% stake in the company. (INA) Companies & Finance

Politics and finance complicate INA buy-out

Croatia is attempting to buy out Hungarian player MOL’s share in INA, but tangled political relations and a lack of cash are complicating matters.

15 March 2017
EU Energy Policy

Gas-fired power leaps up 50% in Germany in 2016

Gas-fired power plants in Germany generated 45.2 TWh of electricity in 2016, up by 50% on the previous year.

15 March 2017
LNG

South Hook LNG back to capacity after unplanned outage

The UK’s South Hook LNG terminal returned to its 650 GWh per day capacity after an unplanned outage on Tuesday.

14 March 2017
Policy & Regulation

EU share of renewables clears 17%

The share of renewables in the final energy consumption of EU countries rose slightly in 2015 from a year earlier, to almost 17%.

14 March 2017
Supply & Demand

Estonia’s Essti Energia planning to sell gas in Latvia and Lithuania

Estonian state-owned electricity company Essti Energia is ready to start selling gas to domestic consumers in Latvia and Lithuania.

14 March 2017
LNG

Poland to receive more LNG from Qatar

Qatargas has agreed to supply more LNG to Poland’s PGNiG.

14 March 2017
Exploration & Production

Norway proposes 195 new exploration blocks

Norway’s oil ministry has identified 195 new exploration blocks for the 24th licensing round, which is now open to public consultation.

14 March 2017
European Commissioner for Competition Margrethe Vestager has said she is happy with Gazprom’s pledges. (EC) EU Energy Policy

Gazprom antitrust probe drawing to a close

Energy relations between the EU and Russia may thaw in the near future as the end of a five-year investigation into Gazprom is in sight.

14 March 2017

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