Petroleum geologist Arthur Berman argues that itâs foolish to believe the US could become an energy exporter. âThe US will never be self-sufficient in oilâ, he writes in an article for Oilprice.com. âExporting crude oil and natural gas from the United States are among the dumbest energy ideas of all time.â … [Read more...]
Europe does not need the Southern Gas Corridor
The Southern Gas Corridor, the EUâs major energy diversification project, is not only unnecessary in light of gas demand projections, but also falls short on the goal of bringing energy independence from Russia. It involves large subsidies to Russian company Lukoil and it strengthens another authoritarian regime, that of Azerbaijan. Those are the main conclusions of a new study, âPipe Dreamsâ, written by a group of NGO's: CEE Bankwatch Network, … [Read more...]
viEUws VIDEO: Top 5 energy issues for the Latvian EU Presidency
In this special briefing for viEUws.eu, energy journalist Hughes Belin picks out the top 5 energy issues that will be discussed by the European institutions under the Latvian Presidency of the Council of the European Union. … [Read more...]
South Stream Is Dead. Long Live South Stream
South Stream is not dead â rather it has morphed into a new project which is part of a complex commercial power play on the part of Russia and Turkey, writes Anca Elena Mihalache, Senior Analyst with the Romanian think tank Energy Policy Group. According to Mihalache, the new South Stream, if it happens, will offer new opportunities to Europe, but also new threats. In particular, the EU will see its diversification strategy come under pressure … [Read more...]
UK capacity market: success for new gas, old coal
A new government policy designed to ensure the UK's future energy supply appears to have successfully incentivised companies to build over two gigawatts of new gas power, to sit alongside nine gigawatts of coal and biomass power. It should ensure the UK will have at least 48.6 gigawatts of fossil fuel power stations available in 2018. … [Read more...]
Why Chileâs mines run on renewables â and Australiaâs donât
Unbelievable but true: the Chilean mining industry is increasingly run on renewable energy, which will soon be bigger than conventional power sector in Chile, and cost-competitive. The Chileans ought to thank the Chinese for this, writes Australian professor John Mathews, whose new book, The Greening of Capitalism, has just been published by Stanford University Press. Mathews adds that Australian miners should take a cue from their Chilean … [Read more...]
EU issues work plan for 2015 â with pared down priorities
The number one priority for Team Juncker is a âŹ315-billion investment plan for Europe. Second, is âbetter regulationâ. First Vice-President Frans Timmermans presented the European Commissionâs 2015 work programme to MEPs in Strasbourg on 16 December. Energy Post looks at the new initiatives, scrapped initiatives and those that hang in the balance for energy and climate policy. … [Read more...]
Energy security: Brussels, stop dreaming about the market and confront Russia and China geopolitically
European leaders are under the delusion that they can solve Europeâs security of energy supply problem by creating a strong internal market, which they believe the rest of the world will be eager to serve. In reality, reducing dependence on Russia will require long-term political commitment, real power play and engagement with countries in the Middle East and North Africa (MENA), write Cyril Widdershoven of energy research institute TNO and … [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...]
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...]
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...]
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...]
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