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EU Energy Policy

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
Exploration & Production

Poland could have 11 bcm annual shale production – former PGNiG chief

The former vice-president of the management board at Poland's state-owned gas company PGNiG, Marek Karabula, said that he anticipates 11 billion cubic metres of shale gas production annually in the unconventionals rich country at the Power-Gen Europe conference in Cologne on Wednesday.

13 June 2012
Exploration & Production

EU sees biggest decline in gas consumption on record – BP

The European Union experienced the largest decline in gas consumption on record in 2011, with gas production also falling, oil major BP said on Wednesday.

13 June 2012
Pipelines, Storage & Power

Nabucco West capacity over 20 bcm - report

The Nabucco West project will have a capacity of over 20 billion cubic metres per year, Bulgarian website publics.bg said on Wednesday.

13 June 2012
EU Energy Policy

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
EU Energy Policy

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
Policy & Regulation

Gazprom discount delay forcing Bulgaria to raise consumer prices

Bulgaria’s state-owned distributor Bulgargaz has petitioned the national regulator, the State Commission for Energy and Water Regulation (SEWRC), to raise the maximum allowed gas tariff for domestic consumers by 15.73%, with a price decrease for imports agreed with Gazprom in May not yet implemented.

12 June 2012
Exploration & Production

Gas production could be 67% higher in 2050 – IEA

Global production of gas could be 67% higher in 2050 than in 2009, if it grows continuously, according to new data released by the International Energy Agency (IEA) on Monday.

12 June 2012
Policy & Regulation

The Basque government’s €1.3 billion ‘bet on gas’

The Basque regional authority wants gas to account for half of Euskadi’s primary energy consumption in 2020, as compared to 42% today, but how does this political goal stack up to economic realities?

11 June 2012
EU Energy Policy

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
EU Energy Policy

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
EU Energy Policy

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
Pipelines, Storage & Power

Maintenance disrupts Norwegian exports to Germany

Gas flow through the Europipe line linking Norwegian production to the German network was cut on Friday, with transmission network operator Gassco conducting scheduled maintenance work at a receiving station at Emden on Germany's North Sea coast.

8 June 2012
Policy & Regulation

Estonian company accuses state of 'expropriation'

The Estonian parliament voted on Thursday in favour of forcing energy company Eesti Gaas to sell off its transmission network as part of a strategy to boost energy security and conform to the EU's Third Energy Package legislation.

8 June 2012
LNG

Statoil signs LNG supply deal in Malaysia

Statoil signed its first long-term LNG supply deal in Asia this week, agreeing to deliver LNG to Petronas at its Malacca LNG import terminal in Malaysia.

8 June 2012
Policy & Regulation

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
Policy & Regulation

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
Companies & Finance

Open Grid Europe acquisition debt into syndication

Nine banks launched a debt package into syndication late last week to support a unit of Macquarie's acquisition of the Open Grid Europe gas transmission network from Germany's largest utility E.On. A total of €2.5 billion ($3 billion) in debt is being sought to part-fund the €3.2 billion acquisition.

8 June 2012
Exploration & Production

Giving Europe’s gas ‘room to breathe’

The International Energy Agency launched its Medium Term Outlook for Gas Markets at the World Gas Conference in Kuala Lumpur this week. James Batty caught up with one of the report’s authors, Anne-Sophie Corbeau, to discuss how the gas market will develop over the next ten years.

7 June 2012
EU Energy Policy

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

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