Pipeline sections at Poland's LNG terminal Pipelines, Storage & Power

Construction delayed on Poland-Ukraine interconnector

The hold-up in building the new pipeline is frustrating PGNiG’s ambitions to export more of its gas.

By Silvia Favasuli 22 January 2018
Policy & Regulation

Consumer organisation fails to block EDF’s Belgian acquisitions

The EU General Court on 12 October dismissed a challenge by the Belgian consumer protection organisation Association Belge des Consommateurs Test-Achats (ABCTA) against French electricity company EDF’s acquisition of Segebel, which owns power company assets in Belgium.

17 October 2011
Companies & Finance

Macquarie to supply $30 million bridge loan to Petroceltic

Australian bank Macquarie has agreed to supply Irish explorer Petroceltic with a $30 million bridge loan to finance its upstream portfolio.

14 October 2011
Companies & Finance

European Investment Bank considering $549 million pipeline loan

The European Investment Bank is mulling over a €400 million ($549 million) loan for the construction of two gas pipelines and an interconnector terminal in Italy.

14 October 2011
Pipelines, Storage & Power

GreenStream pipeline flows re-start

Italian oil major Eni and Libya’s National Oil Corporation (NOC) launched test gas flows through the GreenStream pipeline on Thursday, with the aim of fully reinstating Libyan gas flows to Italy.

14 October 2011
LNG

Poland to remain dependent on Russian gas

The planned LNG import terminal in Swinoujscie, Northern Poland, will strengthen the country’s security of supply but not abolish its dependency on Russian gas.

13 October 2011
EU Energy Policy

Commission explores new ways of project financing via CEF regulation

In a bid to offer an alternative to traditional grant funding, the European Commission will propose on 19 October to use more innovative financial instruments, such as loan guarantees and European project bonds, via the new infrastructure fund which it proposes to set up under the bloc’s next long-term budget.

13 October 2011
EU Energy Policy

CEE countries oppose new infrastructure fund

A group of central European countries on Tuesday expressed concerns to the European Commission about plans to concentrate money envisaged for key European infrastructure developments in a new fund - the Connecting Europe Facility (CEF) - as part of reforms to the bloc’s spending programme after 2013.

13 October 2011
EU Energy Policy

Wholesale energy market rules formally adopted

EU environment ministers on Monday formally adopted new EU wholesale gas and power trading rules intended to prevent market abuse and increase transparency, the EU Council announced in a statement.

13 October 2011
Exploration & Production

$16bn UK offshore investment not enough to offset decline in production

BP and its partners’ GBP 10bn ($15.7bn) investment plan for North Sea oil and gas development will not be enough to offset the decline in gas production on the UK Continental Shelf.

13 October 2011
Exploration & Production

Shale gas ‘welcome news’ for Europe

International Energy Agency Chief Economist Fatih Birol discusses the growing role of gas in the global energy mix and the growing demands on producers from both an environmental and technical perspective.

12 October 2011
Pipelines, Storage & Power

Nabucco will not be delayed, insists consortium

The Nabucco pipeline consortium – which aims to bring Azeri gas into Austria and Europe by 2017 - on Wednesday played down speculation that the project was facing delays, but confirmed that the first gas from the 16 bcm/y Shah-Deniz II field may not be exported before 2018.

12 October 2011
Companies & Finance

Belgium’s Fluxys takes centre stage in Western Europe

Belgian operator Fluxys’ latest move to buy two gas pipelines from Italian major Eni signifies a further push into the limelight for a company that is steadily becoming a central force in the Western European gas network.

12 October 2011
EU Energy Policy

EC to question Statoil’s pricing strategy

The European Commission will question Statoil’s “value over volume” gas pricing strategy as it may not be compatible with a new set of rules to prevent market abuse, an official told Interfax on Monday.

11 October 2011
Policy & Regulation

UKCS requires stable tax regime, says Oil & Gas UK

The future of the UK oil and gas industry still hinges on bringing back predictability and stability to the sector through a fair tax regime, UK trade body Oil & Gas UK told Interfax on Tuesday.

11 October 2011
Policy & Regulation

Shale gas faces impasse in France

With concerns around hydraulic fracturing rising in France, the government took the decision to cancel three shale gas exploration permits last week, affecting two energy firms.

10 October 2011
EU Energy Policy

Binding national energy-saving targets back on the table

The European Union’s proposed Energy Efficiency Directive should set binding national energy saving targets in order to fulfil the Union’s goal of a 20% reduction in carbon emissions by 2020, according to Claude Turmes, the Member of the European Parliament (MEP) leading the debate on the draft directive which was tabled in June.

10 October 2011
EU Energy Policy

EU funding under new cohesion policy to be more conditional from 2013

The possibility that the EU would suspend cohesion policy payments if a state presents a macroeconomic imbalance or excessive deficit will be a “measure of last resort,” said EU Regional Policy Commissioner Johannes Hahn on Thursday.

10 October 2011
Companies & Finance

EIB to finance innovative interconnector project

The European Investment Bank (EIB) decided on 6 October to provide a €350 million ($474 million) loan for building the planned France-Spain power system interconnection, the first trans-European direct current link using innovative converter technology, the bank announced in a statement.

10 October 2011
Pipelines, Storage & Power

Slovakia-Ukraine reverse flow unlikely

There is little chance that Slovakian and Hungarian gas will be pumped into western Ukrainian underground storage facilities, Alexander Antonyuk, gas and power markets analyst, at the International Energy Agency told Interfax this week.

7 October 2011
Companies & Finance

Axa/F2i close G6 Rete Gas acquisition

A consortium of Axa Private Equity and Italian infrastructure fund F2i closed its commercial debt-supported acquisition of gas distributor G6 Rete Gas this week.

7 October 2011

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