A public hearing on the revised EU Gas Directive in ITRE. Global Markets

EU debate on gas pipeline directive heats up

The debate on whether to extend the EU Gas Directive to cover pipelines coming from third countries such as Russia has intensified.

By Andreas Walstad 23 February 2018
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
Companies & Finance

Eni’s credit rating slashed to A1

Moody’s ratings agency on Wednesday downgraded the rating of Italian energy major Eni to A1 from Aa3 with a negative outlook. The move follows the agency’s downgrade of Italy to A2 from Aa2 on Tuesday.

6 October 2011
EU Energy Policy

Commission to propose selection criteria for priority projects

The European Commission will propose a list of criteria on 19 October that strategic trans-European energy infrastructure projects for the electricity, gas and oil markets will have to meet to gain additional funding and support.

6 October 2011
Exploration & Production

Shale gas debate divides European Parliament

A debate on shale gas drilling in the European Parliament this week showed the deep divide between EU member states over the practice.

6 October 2011
Pipelines, Storage & Power

EDF changes tactic on gas procurement

With its involvement in South Stream and the planned Dunkirk LNG terminal, there are signs that French utility EDF wants to reduce its dependence on long-term gas supply contracts and gain a stronger foothold in end-user markets.

6 October 2011
Pipelines, Storage & Power

Bergermeer project moves closer to fruition

The €800 million ($1.1 billion) Bergermeer gas storage project in the Netherlands has moved one step closer to development after an official report said that the project will not increase the risk of tremors in the surrounding area.

5 October 2011
Exploration & Production

Europe to produce 35 bcm/y of shale gas by 2020

Shale gas production in Europe is estimated to reach 35 billion cubic metres by 2020, with Poland and the United Kingdom leading the way, research-company Douglas-Westwood said in a report on Tuesday.

5 October 2011
Companies & Finance

Premier buys up rival EnCore Oil

British oil producer Premier Oil has agreed to buy rival EnCore Oil for £221 million ($340 million), continuing its strategy of acquiring assets in its existing core areas of business and consolidating its position in the North Sea.

5 October 2011
EU Energy Policy

EC, stakeholders debate market liberalisation

At a September conference in Brussels, the debate focused on the obstacles to liberalisation in the gas and electricity markets.

4 October 2011
Pipelines, Storage & Power

GDF Suez concludes sale of Italian gas grid

French gas company GDF Suez has finalised the sale of its Italian gas distribution network G6 Rete Gas to a consortium made up by Italian F2i infrastructure fund, AXA Private Equity and Enel Distribution, it announced on Monday.

4 October 2011
Exploration & Production

Iceland opens second licensing round

The National Energy Authority of Iceland (NEA) has opened a second licensing round for offshore hydrocarbon exploration valid from 3 October until 2 April this year, it said on Monday.

4 October 2011
Pipelines, Storage & Power

Botas: No extension of 6 bcm gas contract with Gazprom

Turkish pipeline monopoly Botas has notified Gazprom of its decision not to extend a 6 billion cubic metre gas contract between the two companies, Gazprom Export told Interfax on Monday.

3 October 2011
Exploration & Production

Total’s shale gas permits under threat

The French Government is expected to make an announcement today regarding shale gas exploration permits that have been granted to energy major Total, as well as US energy firm Schuepbach, Interfax has learned.

3 October 2011
Companies & Finance

E.On recruits Goldman Sachs

German utility E.On has recruited Goldman Sachs to negotiate the sale of its gas distribution network in a move that could raise up to €2.5 billion ($3.3 billion) to help pay its debts, the Financial Times reported this weekend.

3 October 2011
LNG

Ukraine’s LNG plans a remote prospect

Ukraine’s tentative plans to import LNG face serious challenges that make deliveries from Azerbaijan a remote prospect, industry analysts told Interfax this week.

30 September 2011

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