Ukraine wants to be self-sufficient in gas by 2020, which means increasing production by 35%. A plan is in place, reforms have been made, investments have increased and an international auction for 50 mining concessions is scheduled for 2019. But, says Wojciech Konończuk of the Centre for Eastern Studies (OSW), the country will only be able to fully exploit its large gas reserves if there are more reforms, corruption is reduced and foreign money … [Read more...]
Gas Geoeconomics in Europe: make Russia a “normal” gas supplier again
To protect Europe from Russian gas coercion, the U.S. should take the unorthodox step of investing in European gas infrastructure, write Gabriel Collins and Anna Mikulska of the Baker Institute’s Center for Energy Studies. Such a "geoeconomics-based strategy" would help blunt and deflect the Kremlin’s gas wedge. … [Read more...]
The militarization of U.S. energy policy: Donald Trump enlists fossil fuels in the struggle for global dominance
As the recently published National Security Strategy shows, Donald Trump has turned the expansion of the U.S. fossil fuel industry and its exports into a major component of American foreign and security policy, writes energy expert and author Michael T. Klare. In the view of the Trump administration, anyone that stands in the way of American exploitation of oil, gas and coal resources is viewed as an obstructer of the national interest, notes … [Read more...]
Interview Maroš Šefčovič, VP Energy Union: “I made the promise 2016 would be year of delivery and I intend to keep it”
“If we want a cost-effective transition to a low-carbon economy, we have to create an internal energy market where European rules apply”, says Maroš Šefčovič, the European Commission’s Vice President for the Energy Union, in an exclusive interview with Energy Post. According to Šefčovič, “big parts of our energy market are [still] overregulated”. To take a decisive leap towards the Energy Union, the Commission has decided to put all its energy … [Read more...]
viEUws VIDEO: Brussels Briefing on Energy for December 2015
Brussels correspondent Hughes Belin reports on the EU's first ever State of the Energy Union report, with details on achievements to date and legislative proposals to come in 2016. He notes the many challenges the internal energy market still faces, notably from national capacity markets. The European Commission has fleshed out its thinking on a new governance system for energy, including obligations for Member States. EU Energy Ministers … [Read more...]
Klaus Schäfer, future CEO of E.ON spin-off Uniper: “EU should set a target for gas”
The EU should define how much gas it wants by when, and recognise that Nord Stream 2 can provide additional security of supply, argues Klaus Schäfer, the incoming CEO of E.ON spin-off Uniper in this exclusive interview with Energy Post. Schäfer, who is currently Board member of the E.ON Group, says Europe is further away than ever from a single market for electricity and calls on policymakers to recognise that security of supply has a cost. He … [Read more...]
Why Ukraine has to reform its gas sector
Ukraine has embarked on “the mother of all reforms”: that of the gas sector. This is one of the most important and most difficult reforms Ukraine has to undertake. Yet without the marketisation of gas prices and an improvement in Naftogaz’s financial standing, it will be impossible to reform Ukraine’s public finances and end the long-standing economic crisis. Energy sector reform is a central goal of the post-Euromaidan government and indeed the … [Read more...]
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