In this Brussels Briefing on Energy for viEUws.eu, leading journalist Hughes Belin provides an overview of the latest EU energy policy developments: … [Read more...]
EXCLUSIVE – new Vattenfall CEO Magnus Hall: âWhat is true for Eon, is pretty much true for usâ
Vattenfallâs CEO Magnus Hall likens the selling of its lignite operations in Germany to Eonâs recent split in two. âThe problem we needed to solve was the CO2 issue,â says Hall in an exclusive interview with Energy Post. The new chief of the Swedish state-owned company has abandoned the idea of splitting up the company geographically. Its future lies in sustainability, says Hall, e.g. in offshore wind. He notes the European market is distorted by … [Read more...]
Putin’s gas gambit: what’s next after South Stream
The Russian cancellation of South Stream is not an end, but a beginning: a new start of Russian gas games in Europe and beyond, writes Agata Ĺoskot-Strachota of the Centre for Eastern Studies (OSW) in Poland. She discusses three likely scenarios for what will happen after South Stream and notes that this is a chance for Russia and Europe to look afresh at their bilateral gas relations and new pipeline options. But, she adds, it also makes it … [Read more...]
Cancellation of South Stream is not retaliation, but a business decision
The decision to stop the South Stream project does not represent a fundamental shift in Russian energy policy, writes Friedbert PflĂźger, Director of the European Centre for Energy and Resource Security (EUCERS) at Kingâs College London. It is not a political retaliation or a âcounter-sanctionâ, but above all a business decision: South Stream had become far too expensive in the current stagnant European gas market. … [Read more...]
Gazprom CEO Alexei Miller: âThis is the beginning of the end of Gazpromâs business model in Europeâ
Following last weekâs announcement on the South Stream project cancellation, last Saturday (6/12) Gazprom CEO Alexei Miller gave an extensive interview to a major Russian TV channel, Russia 24. In his interview Mr Miller explains the reasons for abandoning South Stream, outlines Gazpromâs prospects of the new gas delivery route through Turkey and touches upon the projectâs financial aspects. … [Read more...]
Lima: a trillion reasons why climate talks may still fail
Hopes are high at the UN Climate Conference that has started this week in Lima, Peru. There are many signs that a turning point has been reached, writes Giles Parkinson of Reneweconomy.com. But the hurdle is still high: to meet the 2C target, two-thirds of known fossil fuel reserves have to stay in the ground, costing the oil and coal sector $1 trillion a year in lost revenue. … [Read more...]
What Eon and Gazprom have in common
What does Eonâs change in corporate strategy and Gazpromâs decision not to build South Stream have in common? Quite a lot. Both decisions are responses to the increasing speed in which Europe is moving towards a low-carbon society. Both are also bold and risky decisions for the two companies involved. The rest of us probably need not be (too) concerned, writes Energy Post editor Karel Beckman. … [Read more...]
IEA: coal, nuclear, shale should be part of EU energy mix, Energy Union should not be buyersâ cartel
The European Union âhas made progress in liberalising energy markets, and its global leadership on climate change is to be commendedâ, the International Energy Agency (IEA) said today as it released its review of EU energy policies. But the IEA also had criticisms to make. … [Read more...]
EU power system largely ready for winter, but only thanks to interconnections: ENTSO-E report
The Winter Outlook Report from ENTSO-E, Europe's electricity transmission system operators, shows that overall generation will be sufficient to cover demand this winter, even under severe conditions. However, the report notes that many countries will need imports to meet their demand. Risks due to generation shortages are identified for some countries, such as Belgium, and to a lesser extent Great Britain. The report also looks at the possibility … [Read more...]
Can we use gas as a ‘bridging fuel’ to a low carbon world?
Gas can be a bridge fuel, displacing coal and reducing carbon emissions, concludes a new report from the UK Energy Research Centre. But only for the next twenty years, and only if the world sorts out carbon capture and storage (CCS) and sees a dramatic cut in coal use. Christian Hunt of the Carbon Brief has the story. … [Read more...]
viEUws VIDEO: Brussels Briefing on Environment â All you need to know for December 2014
In this Brussels Briefing on Environment for viEUws.eu, Sonja van Renssen provides an overview of the latest EU environment policy developments, including the current status of talks around the EU Emission Trading Scheme and biofuel regulations. … [Read more...]
In the new energy security war, Europe has the upper hand over Russia, say top US officials Â
Concerns about energy security have shot to the top of the political agenda in Europe. But the US has no intention of letting the EU down. âThe United States will be working with the EU to develop a plan for the mid- to long-term evolution of a more energy-secure futureâ, said US Secretary of Energy Ernest Moniz at a conference of the Atlantic Council in Istanbul. At this summit, top US officials and energy experts showed themselves surprisingly … [Read more...]
Junckerâs âŹ300bn investment gamble â and what it might mean for energy
The EU and European Investment Bank (EIB) have teamed up to launch a new investment programme for Europe â with energy, as well as transport, research, innovation and education, its key objects. A modest âŹ21bn in public money is set to be multiplied up to a whopping âŹ315bn in total investments over the next three years, pushing Europe toward that long-hoped for economic recovery. There is no dedicated share of the money for individual sectors or … [Read more...]
Ukraineâs winter survival strategy â and what is to be done next
The de facto third gas war between Ukraine and Russia is only part of a broader, difficult situation for the whole Ukrainian energy sector. This winter may prove to be one of the toughest for Ukraine. The big challenge, however, lies in ensuring security of supply in the following years, write Andrii Chubyk of the Centre for Global Studies âStrategy XXIâ and Zuzanna Nowak of the Polish Institute of International Affairs (PISM). According to … [Read more...]
Fossil-fueled Republicanism: what to expect from the new US Congress
While more and more people around the world are coming to recognize the need for restraints on fossil fuel consumption, the new Republican-dominated Congress will lead the United States in the opposite direction, writes Michael Klare, author of many books and articles on energy policy. Klare outlines the energy policies the Republicans in Congress are likely to pursue and explains what is behind their fervent commitment to oil and gas. In an … [Read more...]
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