Nord Stream 2 pipe segments in Finland. Policy & Regulation

MEPs challenge extension of EU gas laws

MEPs have voiced their disquiet over the proposed extension of the EU Gas Directive to pipelines from third countries.

By Andreas Walstad 19 January 2018
EU Energy Policy

Renewables communication sparks market-functioning debate

The drafting of a European Commission communication on a binding renewable energy target for 2030 has provoked an intense internal debate on the possible dangers prolonging EU target-driven national renewable subsidy schemes could pose to a competitive internal energy market, a Commission source has said.

26 March 2012
EU Energy Policy

Commission insists on Hungarian TSO’s ownership unbundling

The European Commission will reject a possible Hungarian application to exempt its new gas transmission system operator from ownership unbundling provisions in the Third Energy Market Liberalisation Package, an EU source has told Energy Monitor.

26 March 2012
EU Energy Policy

CCS uncertainty jeopardises EU climate targets

The EU’s ambitious climate targets for beyond 2020 are only achievable with carbon capture and storage technology, but there is growing scepticism it will be commercially viable on a large scale.

23 March 2012
Global Markets

Merging markets: connecting Germany and Austria

Parts of Germany and Austria could soon form a single gas trading market, if negotiations to connect the Alpine regions of Tirol and Vorarlberg with the NetConnect Germany (NCG) network come to fruition this year.

23 March 2012
Exploration & Production

Snam to bid for Romana Gas licence

Italian gas grid company Snam is to be the sole bidder for the licence to manage Rome’s gas distribution network, the Romana Gas licence, according to a Reuters report on Thursday.

23 March 2012
Exploration & Production

Providence’s Barryroe well exceeds expectations

Providence Resources’ Barryroe well offshore Ireland has far exceeded oil and gas expectations in its final drilling phase.

23 March 2012
Exploration & Production

BP gets OK for UK deepwater drilling

BP has been given the go-ahead by the British Government to drill a well in the West of Shetlands area of the North Sea, following approval delays caused by the 2010 Gulf of Mexico disaster.

23 March 2012
Companies & Finance

EU to decide on funding for Ukrainian gas pipeline modernisation in June-July

Gunter Oettinger, the European Union's energy commissioner, has said he hopes international financial institutions will make the decision to invest in the modernisation of the Ukrainian gas transport system (GTS), specifically the first stage of the reform, in June or July.

23 March 2012
Policy & Regulation

UK budget delivers tax relief to boost oil and gas industry

The UK budget, announced on Wednesday, won support from the UK energy community by offering greater certainty over decommissioning projects the potential for billions of pounds of new investment following extensions to field allowances.

22 March 2012
EU Energy Policy

TSOs, EC discuss harmonisation of phase-shifter use

More EU-level harmonisation is needed for the use of phase shifting transformers (PSTs) that transmission system operators (TSOs) install on their power grid in order to control unscheduled electricity flows – mainly from renewables – at their borders, Tahir Kapetanovic, an expert at Austrian Power Grid said on Monday.

22 March 2012
EU Energy Policy

EP keeps up pressure for setting aside excess ETS allowances

The European Commission needs to be bold enough to table a formal proposal for setting aside excess emissions credits in the next phase of the EU’s carbon emissions trading scheme (ETS), Matthias Groote, president of the European Parliament’s Environment Committee told a conference on Tuesday.

22 March 2012
Supply & Demand

The future of gas remains flexible

Joseph Dutton, a research associate at the Global Gas Security Project at the University of Leicester, discusses the shift in the gas industry to address the needs of an increasingly global and flexible energy market.

21 March 2012
Pipelines, Storage & Power

Spanish underground storage capacity to increase by 80%

Two gas storage projects, Yela and Castor, are due to come onstream in Spain in the next couple of months. But will it be enough to bring the country up to speed with its European neighbours?

21 March 2012
Pipelines, Storage & Power

Bulgaria to join Azerbaijani-Turkish pipeline?

Bulgaria wants to join the Azerbaijani-Turkish gas pipeline to purchase fuel in urgent cases, Bulgarian Prime Minister Boiko Borisov said at a meeting with his Turkish counterpart Recep Tayyip Erdogan in Ankara on Wednesday. Bulgaria plans to purchase 1 bcm of gas annually.

21 March 2012
Policy & Regulation

Poland’s veto on climate goals is reality check for EU

Poland’s rejection of the EU’s ambitious emission reduction targets beyond 2020 proves just how hard it will be to achieve the vision of a decarbonised European economy by 2050.

21 March 2012
Exploration & Production

Government report drastically reduces Polish shale gas estimate

The Polish Geological Institute (PGI) published its comprehensive study on domestic shale reserves at midday on Wednesday, forecasting up to 768 billion cubic metres (bcm) to be available across the country constituting a significant downgrade on previous estimates.

21 March 2012
Pipelines, Storage & Power

Pipeline approved to connect networks with Jemgum storage scheme

Wingas, a subsidiary of Germany's Wintershall BASF, has received permission to develop a pipeline linking the Jemgum gas storage facility to Oude Statenzijl on the German/Dutch border, with construction now expected to begin in April

21 March 2012
Companies & Finance

RWE DEA improves earnings by 83%

RWE DEA has showed an improvement over parent company, RWE’s 45% loss announced last week. RWE’s oil and gas production division’s earnings were up by 83% year-on-year. Operating profit amounted to €558 million ($736 million) in 2011, with 2010 reported at $402 million.

20 March 2012
Policy & Regulation

IGA debate intensifies as plenary vote nears

The EU debate on intergovernmental agreements in energy is gaining momentum with a final decision on the draft legislation expected this summer.

20 March 2012
Policy & Regulation

Pre-budget energy rumours: a boost for North Sea investment

The US oil and gas energy industry is hoping to hear some good news when the 2012 UK budget to be revealed on 21 March. Chancellor George Osborne increased supplementary tax on oil and gas production from 20% to 32% to finance a reduction in fuel tax in last April's UK Budget, and was subsequently blamed for last year’s 18% decline in production.

20 March 2012

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