EU is losing the energy battle with Russia

Putin and Erdogan-slider

Europe’s grand strategy to become less import dependent on Russian gas, which has been discussed since the 1990s, looks more and more like a failure, as the new Russian Tsar, Vladimir Putin, is consistently wrong-footing the leaders of the EU, writes Cyril Widdershoven. … [Read more...]

The Nordic countries on Nord Stream 2: between scepticism and neutrality

First pipes for NS2 delivered 27 October 2016 to German logistics hub Mukran on the island of Rügen

Sweden, Finland and Denmark are unlikely to block or slow down the procedures of issuing national approvals for the construction of Nord Stream 2, write Justyna Gotkowska and Piotr Szymaṅski of OSW, the Centre for Eastern Studies, in Poland. But according to the authors the Nordic countries do expect the European Commission to assess the compliance of Nord Stream 2 with the EU’s Third Energy Package. In addition, Stockholm and Copenhagen in … [Read more...]

Russia keeps expanding oil production despite low oil prices

Rosneft petrol station (photo Rosneft)

Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices, reports the US Energy Information Administration (EIA). However, whereas western oil companies have slashed their spending, Russian oil and natural gas companies’ capital investment programs have been less affected, if at all. As a result, Russian oil production has hit a post-Soviet record high. Article courtesy of US EIA. … [Read more...]

Who is afraid of Nord Stream 2?

The operation of the Nord Stream Pipeline system is remotely monitored and controlled from the Control Centre in the Nord Stream headquarters in Zug, Switzerland (photo Nord Stream)

Nord Stream 2, the new gas pipeline that Gazprom is planning to build from Russia through the Baltic Sea to Germany, has been criticised for reducing Europe’s diversification of energy sources and energy security. But according to Energy Post’s editor in chief Karel Beckman, the EU should welcome the pipeline, despite deteriorating relations with Russia. According to Beckman, Nord Stream 2 has a sound economic rationale behind it and the EU’s … [Read more...]

The energy prescriptions of The Atlantic Council: “There’s a direction relation between climate change and geopolitics”

Typhoon Haiyan hit the Philippines in 2013 (photo Asian Development Bank)

The implications of climate change targets not being met are massive migration, the potential for resource wars and “a further disintegrating of the international order”, according to Richard L. Morningstar, Founding Director and Chairman of the Global Energy Center and David Koranyi, Director of the Eurasian Energy Futures Initiative, both part of the Washington DC based think tank The Atlantic Council. Morningstar and Koranyi see a “direct … [Read more...]

Visions clash at World Energy Congress in Istanbul

World Energy Congress in Istanbul 9-13 October 2016 (photo World Energy Congress)

The World Energy Council gave out a clear message at the World Energy Congress that took place this week in Istanbul: the world needs to move away from fossil fuels much faster than it is doing today. That contrasted sharply with the message given out by most of the high-level speakers from government and business at the Congress, who stressed that the world needs more oil and gas. Mohammad Barkindo, the new Secretary General of oil cartel OPEC … [Read more...]

What’s holding Russia back from ratifying the Paris Climate Agreement

Vladimir Putin speaking at COP21 in Paris

Russia is now the largest greenhouse gas emitter not to have ratified the Paris Climate Agreement and it is unlikely to do so this year. The country is still deeply divided on climate policy, explains Angelina Davydova, Senior Lecturer at St Petersburg State University, in a fascinating article highlighting the forces in Russian society that are working against and in favour of the Paris Agreement. Courtesy of The Conversation. … [Read more...]