The proposed US sanctions aimed at Nord Stream 2 (NS2) are yet another hurdle in the way of the controversial Russian gas pipeline for Europe. But they are not an attempt by the Americans to prevent Gazprom from supplanting them as a supplier, says Alan Riley at the Atlantic Council Global Energy Center, because NS2 will deliver no more gas than the current route via Ukraine, just replace it. He argues the sanctions are to constrain Russiaâs … [Read more...]
Russian â EU â Ukrainian gas talks: donât believe the hype, itâs (almost) business as usual
The bilateral Russia Ukraine gas transit contract expires at the end of this year bringing the potentially conflicting interests of both parties and the EU into focus. The EU will be acting in the interest of those member states directly affected as well as having a role in avoiding tensions affecting its neighbour Ukraine. Cue much speculation from interested and neutral observers alike. Zuzanna Nowak, independent researcher and commentator, … [Read more...]
East Mediterranean gas finds: EU energy bonanza or geopolitical headache?
Some of the worldâs largest natural gas reserves have been discovered off Cyprus. One of the questions being addressed at this year's CERA Week is, could these massive finds (totalling more than 70 trillion cubic feet!) be the answer to any perceived over-dependency on Russian gas imports to the EU? Maybe, maybe not. Geopolitical tussles could scupper the realisation of these much-needed resources for Europe. Whilst the potential is there, it may … [Read more...]
EU election risk: policymakers should go for real decarbonisation now while efficiency savings can help
With elections in May, the balance of opinion in Parliament is a climate policy risk factor on the minds of many in Brussels. The national draft 10-year energy plans, just in to the Commission, project widespread growth in costlier renewables. But populists who see climate as a globalist rather than nationalist-first agenda may prove hard to bring on side with an expensive and disruptive transition. The public will be influenced by climate … [Read more...]
Opposition to Nord Stream 2 ignores market fundamentals [Energy Post Weekly]
Criticism of the Nord Stream 2 project routinely misses the bigger picture of EUâs lower carbon targets, Groningenâs impending switch-off and Russiaâs own dependence on natural gas exports to Europe. … [Read more...]
