Εμφάνιση αναρτήσεων με ετικέτα energy. Εμφάνιση όλων των αναρτήσεων
Εμφάνιση αναρτήσεων με ετικέτα energy. Εμφάνιση όλων των αναρτήσεων

Πέμπτη, Φεβρουαρίου 05, 2015

EU launches work on bloc energy union

The European Union (EU) has drew a plan for reorganizing European energy policies and kicked off work for European Energy Union, said the European Commission (EC) on Wednesday.

The EC considered it "a fundamental step towards the completion of single energy market", and hoped this helps reform how Europe produces, transports and consumes energy.


The Energy Union with a Forward-looking Climate Change Policy is one of the key political priorities of the Juncker Commission, said the EC.

It also pointed out that the work for Energy Union is timely in that the EU imports 55 percent of its energy and 90 percent of the housing stock in Europe is energy inefficient.

"The Energy Union will be an ambitious project that will set a new direction and a clear long term vision for European energy and climate policy.... Effective implementation will be crucial, as will full and proper enforcement of existing legislation," said Miguel Arias Canete, EU Commissioner for Climate Action and Energy.

The Energy Union framework strategy is scheduled for adoption on February 25.

Xinhua - china.org.cn
5/2/15
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Σάββατο, Δεκεμβρίου 20, 2014

First of four Fukushima reactors cleared of nuclear fuel (VIDEO aljazeera)

One of four heavily damaged reactor buildings at Japan's tsunami-battered Fukushima nuclear power plant has been cleared of radioactive fuel rods, the operator said on Saturday (Dec 20).
It was a significant step in the decommissioning efforts, but workers still have three heavily crippled reactors to clean up after they were sent into meltdown in the 2011 quake-tsunami disaster. The overall clean-up work of the Fukushima plant is expected to take decades.

A total of 1,535 fuel rod assemblies have been now taken out of the building after Tokyo Electric Power Co's (TEPCO's) year-long operation, a company spokesman said. "Completion of the removal work is a milestone, but the decommission work will continue," plant chief Akira Ono told reporters.

The nuclear fuel was removed from a pool used to store the rods - which were mostly spent - in the reactor number 4 building, which was offline for regular check-ups at the time of the March 2011 disaster. 

The tsunami battered the plant's cooling system and sent reactors number 1 to 3 into meltdown, setting off the worst atomic accident in a generation.

TEPCO will remove fuel rod assemblies from the pools of other damaged buildings before extracting the melted fuel from the reactors.

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Παρασκευή, Δεκεμβρίου 19, 2014

Ethiopia dam tripartite committee to choose impact study firm in early 2015

The tripartite committee looking into Ethiopia's Grand Renaissance Dam is expected to meet by mid-January to choose an international firm to conduct studies on the dam's impact, Egypt's irrigation minister said Friday.

Hossam Moghazi told state news agency MENA that Egypt is committed to completing the study by mid-2015.   
Egypt, Sudan and Ethiopia had selected seven international firms in October to prepare technical and financial offers to conduct studies on Ethiopia's $4.2 billion dam project, which Egyptian officials fear could affect the country's water share.

The tripartite committee was expected to have selected the firm by mid-December. However, the deadline to receive offers was extended after two firms withdrew.

After meeting to study the firms' offers, the tripartite committee is expected to meet in Addis Ababa to sign the final contract.

The firm's report — based on a study to be conducted over five months — will include the dam's impact on upstream Nile countries Egypt and Sudan, as well as its environmental, social and economic effects.
An Ethiopian "people's delegation" arrived in Cairo on Tuesday for a three day visit. Delegates met with diplomats, religious figures, university professors and journalists.

 http://english.ahram.org.eg/News/118360.aspx
19/12/14
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Τρίτη, Δεκεμβρίου 16, 2014

20% of Egypt's Nile water share lost through ‘misuse’

Egyptians waste 20 percent of the country’s share of water from the Nile, a water resources expert has said in comments reported by Al-Ahram Arabic news website.

Diaaeddin El-Qousi, a professor at the National Institute for Water, said on Sunday that Egyptians “misuse” water by leaving taps running and while washing cars, among other reasons.
Political science professor, Mostafa Elwi, called on Egyptian institutions to cooperate in order to find solutions to the Ethiopian dam issue.

The comments were made at a seminar held by the Research and Strategic Studies Institute for Nile Basin Countries.

Ethiopia's construction of the Grand Renaissance Dam has concerned the Egyptian government since May 2013.

The Nile is Egypt's main source of water, with an allocated flow of 55.5 km3/yr, according to the Nile Waters Agreement between Egypt and Sudan in 1959.
 http://english.ahram.org.eg/News/117962.aspx
15/12/14
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Δευτέρα, Δεκεμβρίου 01, 2014

Russia-Turkey relations in energy sector rise to strategic level. Russia will reduce by 6% gas price for Turkish consumers from January 1, 2015

Russian-Turkish relations in the energy sector have raised to strategic level, Russian President Vladimir Putin said after talks with his Turkish counterpart Recep Tayyip Erdogan.
Russia will increase gas supplies to the Turkish market by 3 billion cubic meters under the Blue Stream project, Putin said. Russia will reduce by 6% gas price for Turkish consumers from January 1, 2015, Putin said. 

Russia ready to further reduce gas price for Turkey as its strategic partner, Putin noted, adding that the 6% discount on gas price for Turkey is only the first step. The Russia president also said the free trade regime with Turkey is possible.
Putin has vowed the Akkuyu NPP (nuclear power plant) in Turkey will be built in due time, and all safety requirements will be observed. The Akkuyu nuclear plant is being built by Russia’s state-run corporation Rosatom.

South Stream construction

In the current situation, Russia cannot launch the South Stream gas pipeline project, the Russian president noted. However, Russia is ready to build another pipeline transportation system to meet Turkey’s economic needs and create additional gas hub on the border, he stressed. 
  • "If this idea is considered to be expedient, we can create an additional gas hub for consumers in southern Europe in the Turkish territory on the border with Greece,” Putin said.
Putin stressed that the EU's position on South Stream project is not constructive. 
  • Therefore, energy resources will be re-oriented to other regions and to LNG (liquefied natural gas) projects, he added. 
The Russian president also suggested that Bulgaria demands from EU to repay its loss of profit on the South Stream project.
[ itar-tass.com]
1/12/14
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Κυριακή, Νοεμβρίου 30, 2014

Turkey nuke plant to last 100 years (Rosatom CEO)

Turkey’s first nuclear power plant to be built on the country’s southern coast will connect Turkey and Russia for at least 100 years, said the plant’s Russian builder, Rosatom.

“We are giving 60 years of guarantee for the Akkuyu nuclear plant, but I’m sure that it will have a lifespan of 80-100 years,” said Rosatom CEO Sergei Kirienko.


“We signed an agreement that undertakes mutual commitments for over 100 years,” he also added, speaking to the media in Moscow on Nov. 29.

Rosatom, Russia’s state-run atomic energy corporation, signed an agreement with Turkey in 2011 to build and operate a four-reactor nuclear power plant in the Mersin province on Turkey’s Mediterranean coast.

“Russia will provide $4 billion from its state budget for this project. We will not reduce the financial support of this project,” Kirienko said.

“Russian and Turkish investors will be preferred at first. The project is expected to draw 50-70 percent of investment. This will happen through investors mostly, not bank loans,” he added.

Training support

The Akkuyu plant, which is a sister project to Russia’s Novovoronezh plant in Voronezh Oblast, central Russia, will require $22 billion with construction beginning in 2016 and it becoming operational in 2020.


Kirienko said the use of Russian expertise and technology for Turkey’s first nuclear power plant is a sign of “trust” for Russia, adding that the plant is significant for the strategic cooperation between the two countries, while it will contribute to Turkey’s energy needs.

Recalling that Russia is giving nuclear energy training to 250 Turkish experts, Kirienko emphasized that Russia will help Turkey with the technical and infrastructural aspects. 

 [hurriyetdailynews.com]
30/11/14
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Τρίτη, Νοεμβρίου 25, 2014

Turkey’s energy minister to negotiate gas discount with Russia ahead of Putin’s Ankara visit

Turkish Energy Minister Taner Yıldız is expected to meet Gazprom Deputy Chairman Alexander Medvedev to discuss a potential revision of gas prices from Russia to Turkey Nov. 25, ahead of Russian President Vladimir Putin’s visit to the country on Dec. 1.

In addition to a potential revision on the price of gas, the two sides are also expected to discuss the rise in capacity of the Blue Stream, a major trans-Black Sea gas pipeline that carries natural gas from Russia into Turkey, according to a source familiar with the situation.

“This is a process. It does not seem possible for us to decrease gas prices. Negotiations over discounts on prices are always tough. We want to have what we deserve,” said a high level official from the Turkish Energy Ministry.

Any possible revision of gas prices will come into effect on Jan. 1.

“A revision may be secured, though it will be hard. Any possible revision will be announced during Putin’s Turkish visit on Dec. 1,” said another source.

Yıldız asked for a discount on the price of gas Turkey buys from Russia during talks with Medvedev at the beginning of October.

Medvedev said they were working on a detailed price package in line with Turkey’s demand for a discount on the price of natural gas. 

hurriyetdailynews.com -Reuters
25/11/14 
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Κυριακή, Νοεμβρίου 09, 2014

Putin, Xi Jinping sign mega gas deal on second gas supply route

President Vladimir Putin and Chinese leader Xi Jinping have signed a memorandum of understanding on the so-called “western” gas supplies route to China. The agreement paves the way for a contract that would make China the biggest consumer of Russian gas.
Russia’s so-called “western” or "Altay" route would supply 30 billion cubic meters (bcm) of gas a year to China.
The new supply line comes in addition to the “eastern” route, through the “Power of Siberia” pipeline, which will annually deliver 38 bcm of gas to China. Work on that pipeline route has already begun after a $400 billion deal was clinched in May. 


“After we have launched supplies via the “western route,” the volume of gas deliveries to China can exceed the current volumes of export to Europe,” Gazprom CEO Aleksey Miller told reporters, commenting on the deal. 

Speaking to journalists on the eve of his visit to Beijing, Putin was optimistic about prospects for the new gas deal with China.
“We have reached an understanding in principle concerning the opening of the western route,” Putin said. “We have already agreed on many technical and commercial aspects of this project, laying a good basis for reaching final arrangements.”
The “western” route deal is one of the 17 agreements signed at the Sunday meeting between Putin and Xi.
They also included a framework agreement between Gazprom and China’s CNPC on gas deliveries and a memorandum of understanding between Gazprom and another Chinese energy giant, CNOOC.
Gazprom and CNPC have also signed a preliminary agreement for China National Oil and Gas Exploration and Development to take a 10 percent stake in Russia's Vancorneft.
Among the business issues discussed by Putin and Xi at their fifth meeting this year was the possibility of payment in Chinese yuan, including for defense deals military, Russian presidential spokesman Dmitry Peskov was cited as saying by RIA Novosti........http://rt.com/business/203679-china-russia-gas-deal/
9/11/14
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Τρίτη, Οκτωβρίου 28, 2014

EU gears up for 2030 with more emissions reductions

European Commission , Press release, Brussels, 28 October 2014:

The Commission, assisted by the European Environment Agency, today releases its annual Progress Report assessing the headway on climate action. According to latest estimates, EU greenhouse gas emissions in 2013 fell by 1.8% compared to 2012 and reached the lowest levels since 1990. So not only is the EU well on track to reach the 2020 target, it is also well on track to overachieve it.

The Progress Report also for the first time provides data on the use of fiscal revenues from auctioning allowances in the EU Emission Trading System (ETS). This new source of revenues for Member States amounted to € 3.6 billion in 2013. From this, around € 3 billion will be used for climate and energy related purposes - significantly more than the 50% level recommended in the EU ETS Directive.
EU Climate Action Commissioner Connie Hedegaard said: "Delivering on 2020 climate goals shows that Europe is ready to step up its act. And better, still: it shows that the EU is delivering substantial cuts. The policies work. Therefore, the EU leaders last week decided to continue the ambition and reach at least 40% by 2030. This will require significant investments. That's why it is encouraging that Member States have decided to use most of their current ETS revenues to invest in climate and energy and continue the transformation to a low-carbon economy."
These revenues complement the funds from the EU's NER 300 programme which is devoting €2.1 billion to support 39 large-scale demonstration projects for low carbon technologies around Europe.

Background
The Kyoto and EU 2020 Progress Report is an annual report from the Commission to the European Parliament and the Council. It is based on the data reported by Member States under the Monitoring Mechanism Regulation. The Report provides information about the progress made by the European Union and its Member States towards their greenhouse gas emissions targets. The decrease in emissions of 1.8% in 2013 compared to 2012 implies that total EU emissions are around 19% below 1990.
Since 2013 auctioning is the default method of allocating allowances within the EU ETS. Auction revenues accrue to Member States. The EU ETS Directive stipulates that at least half of the revenues from the auctioning of allowances should be used to combat climate change in the EU or other countries. 

Most countries have used these investments in fields like energy efficiency, renewables or sustainable transport. For instance, France, the Czech Republic and Lithuania use all their auctioning revenues in projects to improve the energy efficiency of buildings. Bulgaria, Portugal and Spain use most of their revenues to develop renewable energy. Poland uses most of its revenues that are dedicated to climate change in support of energy efficiency and renewable energy. In Germany, most of the revenues are directed to a specific climate and energy fund, which supports a wide range of projects including research and sustainable transport. The UK focusses in particular on energy efficiency, renewables, research and financial assistance to low income households in relation to energy expenses. The reported amounts represent only a proportion of total climate and energy related spending in Member States' budgets. 
http://europa.eu/rapid/press-release_IP-14-1202_en.htm?locale=en
28/10/14
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Δευτέρα, Οκτωβρίου 27, 2014

Lithuania Hopes for Energy Independence, Security With New LNG Terminal

Lithuania's liquefied natural gas (LNG) terminal "Independence" is a geopolitical project that will lead to energy independence and security of the whole Baltic region, Lithuania's president said at the official ceremony of welcoming the off-shore liquefied natural gas vessel Independence in the port of Klaipeda.

"Klaipeda's LNG terminal will cover almost 90 percent of gas needs of Lithuania, Latvia and Estonia," Dalia Grybauskaite, Lithuania's president, said at the ceremony.


"Lithuania has managed to build the terminal alone. It took just three and a half years to implement the project. We have become a secure state in what concerns energy. It [the terminal] will become a guarantor of energy security for the whole Baltic region. We will always be able to help our neighbors in case they need it," the president said, adding that Lithuania will no longer be dependent on the "imposed gas prices".

Independence storage-vessel for the LNG terminal has the capacity of 170,000 cubic meters (approximately 6 billion cubic feet), and is leased by the state-owned energy terminal operator Klaipedos Nafta AB from Norway's Hoegh LNG Holdings liquefied natural gas services provider for the period of 10 years. Lithuania also has a contract with Norway's oil and gas company Statoil ASA to supply the terminal with LNG for five years at the prices comparable to Russian energy giant Gazprom's export to the country after this year's price reduction, according to Lithuania's Energy Minister Rokas Masiulis.

The first delivery of LNG is scheduled for Tuesday.

(RIA Novosti)
27/10/14
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Κυριακή, Οκτωβρίου 19, 2014

Norway unable to supply extra gas to Europe (Energy Minister)

 Norway cannot be a sufficient alternative to Europe in case of a possible cut in gas supplies from Russia, Norway's Energy Minister has said.

According to Aftenposten newspaper, Norwegian Energy Minister Tord Lien sent a letter to European Union officials saying that Norwegian gas will not be an adequate source for Europe if Russia cuts off gas supplies.

There was no way to expand production capacity and to try to do so would overload the system, Lien said in the letter.

EU officials asked Norway, the second gas supplier of Europe after Russia, to report on its possible contribution to European gas flow in early July.


Norway and the EU discussed over the supply capacity of Norway in the case of a gas crisis of Europe during an energy conference on September 25.

Norway's natural gas production forecast for next year is 105 billion cubic meters (bcm) and 106 bcm for 2014.
www.aa.com.tr/en

19/10/14
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Σάββατο, Οκτωβρίου 18, 2014

Fracking: China's 2015 shale gas output to hit 6.5 bln cubic meters

BEIJING, Oct. 18 (Xinhua) -- China's shale gas output will likely hit 6.5 billion cubic meters next year, up from an estimated output between 1 billion and 1.5 billion cubic meters this year, vice director of the National Energy Administration Zhang Yuqing predicted.

Shale gas production in recent years has seen leapfrog development since the country started to survey and explore the energy source in 2009, Zhang said at a workshop held in Beijing on Friday.
The output surge has come with increasing use of natural gas in China. Government data showed that domestic natural gas output hit 117.1 billion cubic meters in 2013, up 9.5 percent year on year. However, the production was short of demand. Total natural gas consumption stood at 167.5 billion cubic meters, up 10 percent year on year.

The country must rely on imports to make up for the supply shortage. Currently, 30 percent of the natural gas China consumes is imported.

Shale gas is an important unconventional source of natural gas. So far the reserves being invested in for exploration have hit 130 billion cubic meters in the country, Zhang said.
[xinhuanet.com]
18/10/14
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Πέμπτη, Οκτωβρίου 16, 2014

Russia to supply enough gas to Europe in winter — (Putin)

The gas supply will only be cut in case Ukraine taps gas from the export pipeline system without authorization....

BELGRADE, October 16. /TASS/. Russian President Vladimir Putin said Thursday that Russia will provide enough gas to Europe in winter.
“We would very much like to prevent any crises in the fall-winter period,” Putin admitted at a press conference after talks with the Serbian leadership.

“I can tell you for sure and am saying with absolute responsibility: there will be no crises in Europe due to the fault of Russian participants of energy cooperation,” Putin said.
“Russia has always been a reliable supplier,” the Russian leader emphasized. “We have enough resources to provide for our own needs and growing demands of our consumers in Europe or Asia.”
“There exist great transit risks. If we see our Ukrainian partners begin to tap our gas from the export pipeline system without authorization, like in 2008, then we, like in 2008, will cut supply consecutively by the stolen volume,” Putin told journalists.

“But I hope very much it will not come to that,” he said, adding that he will start a series of meetings in Italy Thursday, including on Ukraine’s gas problem.
“Our partners - European, Ukrainian - are in contact with us. I hope they will manage to agree and put a period to all disputes,” Putin said....................http://en.itar-tass.com/economy/754840
16/10/14
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Σάββατο, Οκτωβρίου 11, 2014

French parliament votes to cut nuclear energy reliance

Lawmakers in France, the world's most nuclear-dependent country, on Oct. 10 voted to cut reliance on the energy source from more than 75 percent to 50 percent within a decade.
     
The vote comes as part of an ambitious makeover of France's energy use promised by President Francois Hollande during his 2012 election campaign.
     
The measure calls for renewables to increase in the energy mix for electricity production, rising from 23 percent in 2020 to 32 percent in 2030.
     
Use of fossil fuels should drop to around 30 percent.

     
The measure also sets a goal for a reduction of 40 percent in greenhouse gas emissions from the 1990 levels by 2030 and a 75 percent reduction in 2050.
     
It also targets a 20-percent reduction in energy consumation by 2030, in line with a draft project EU leaders are set to consider at an October 23-24 summit in Brussels.
     
France's conservative opposition sharply criticised Hollande's anti-nuclear stance as "ideological" and driven by a need to satisfy green parties which helped get him elected.

 AFP - hurriyetdailynews.com
10/10/14
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Κυριακή, Οκτωβρίου 05, 2014

THE TIME TO INVEST IN OCEAN ENERGY IS NOW

(Maria Damanaki, Commissioner for Maritime Affairs and Fisheries)

" It has become clear over the past years that our seas and oceans can generate huge economic growth and create jobs, much needed in these times. That is why we have been working for the past five years on our Blue Growth strategy to foster sustainable blue economy. Ocean energy is part of this strategy. It is a very promising sector, capable to exploit an indigenous, predictable, safe source of clean energy.

Earlier this year, in April, we launched an Action plan on blue energy. Part of it is the creation of the Ocean Energy Forum, gathering all stakeholders to cooperate and elaborate the further development of the sector.

This Wednesday I was proud to take part in the very first high-level meeting of this Ocean Energy Forum. Together with EU Ministers and stakeholders we discussed the ways of overcoming the challenges of ocean energy but also the progress made.

I am convinced the time is now.

I told the stakeholders I met on Wednesday to “get ready”. We have set up a good basis for ocean energy, very much appreciated after the Ukrainian conflict. It is clear that renewable energy is the future the EU wants to invest in. There is an open door for blue energy to become an EU success story."
Maria Damanaki's blog  
http://blogs.ec.europa.eu/damanaki/3/10/14
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Παρασκευή, Σεπτεμβρίου 26, 2014

South Africa nuclear plans 'huge risk'. (Greenpeace)

JOHANNESBURG. -(By Hassan Isilow.) -South Africa's plans to invest in nuclear energy are likely to put the country at risk due to the huge costs involved and the potential health risks, an international environmental group has warned.
"As far as Greenpeace Africa is concerned, investing in new nuclear energy is actually going to put this country at risk," Melita Steele, senior climate and energy campaign manager for Greenpeace Africa, told Anadolu Agency in an interview.
On Monday, Russia and South Africa signed an agreement for the construction of new nuclear power plants as part of South Africa's procurement and development program.
The deal, signed in Vienna on the sidelines of an International Atomic Energy Agency conference, calls for the construction by Russia's state-owned nuclear company Rosatom of eight nuclear power units in South Africa.

Rosatom put the estimated cost of the project at between $40 billion and $50 billion.
Steele said that apart from the huge cost of building nuclear plants, there were no long term solutions for nuclear waste.
She cited Japan's 2011 Fukushima nuclear disaster, when nearly 120,000 people were evacuated from their homes – and still have yet to return – following a nuclear plant meltdown.
"As far as Greenpeace is concerned, investing in both coal and nuclear [energy] are nothing more than a dead end," said Steele.
"It [nuclear energy] will send this country into both electricity price crisis as well as electricity supply crisis," she insisted.
Greenpeace is an influential global advocacy group ostensibly devoted to protecting the environment.

-Renewable energy-
Steele urged the South African government to instead focus on renewable energy, such as solar and wind power.
"We think that, as far as the research we've done, South Africa has some of the best solar resources in the world," she told AA.
Steele saw no reason why South Africa should not become a climate leader.
South Africa currently generates almost 90 percent of its electricity from coal-fueled power stations.
Environmental groups say the use of coal has negative effects on human health and the ecosystem.  
www.aa.com.tr/en
25/9/14

Πέμπτη, Σεπτεμβρίου 25, 2014

Oettinger on energy security: “Gas can be used as a weapon and no longer be delivered" (EP -25.09.14)


Europe should ensure people and companies enjoy a secure supply of energy and this includes measures based on solidarity, said energy commissioner Günther Oettinger addressing the EP's energy committee on 24 September. In his last appearance as energy commissioner at the Parliament, Oettinger looked back at his tenure over the last five years and discussed future challenges regarding the EU's energy policy, including the continuing conflict between Russia and Ukraine.


Committee chair Jerzy Buzek, a Polish member of the EPP group, referred to the situation in Ukraine in his welcome statement: “The crisis in Ukraine reminds us that energy security of the EU does not end at the EU borders. It is a pan-European challenge.”

  • In his opening speech, Mr Oettinger said that in the field of energy, many people think that relations with Russia are more important that relations with Ukraine, but "we have to overcome this". He added: “Gas can be used as a weapon and no longer  be delivered. This is not yet the case, but we believe that Russia will do whatever they can to undermine Ukraine.” Oettinger said: “Perhaps Ukraine could purchase gas from Russia with co-finance from the EU in order to store more gas.”

The commissioner also pleaded for more collaboration on energy. The EU already has a legal basis to work on energy issues, but "we now have 28 fragmented systems", he said. Several MEPs shared his view that more should be done to combat this fragmentation and to link the energy sectors of countries within the EU.

MEPs

Martina Werner, a German member of the S&D group, said: “He has partly applied climate goals, but not fully. I’m especially critical of the directive on energy efficiency. We, the Socialists and Democrats, had hoped for much more.”

Dawid Bohdan Jackiewicz, a Polish member of the ECR group, asked whether new energy efficiency targets would hurt member states’ competitiveness and wondered how they would affect energy prices.
http://www.europarl.europa.eu/news/en/news-room/content/20140924STO69503/
25/9/14
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Παρασκευή, Σεπτεμβρίου 19, 2014

Politically motivated sanctions may jeopardize global energy security. (Russian Energy Minister)

Politically-motivated sanctions may adversely impact global energy security, Russian Energy Minister Alexander Novak said on Friday.

He said that no one had bothered to reckon possible impacts of the anti-Russian sanctions on the global energy sector. “In Russia, we try to analyze this situation but as concerns the global situation, as has been noted here by many, it would be better not to tamper with the energy sector, since the balance of energy security is a very delicate balance,” Novak said at the international investment forum in Sochi.


“No one has considered possible consequences,” he said. “We are discussing these issues with CEOs of biggest companies operating in Russia, such as Shell and Total, and neither of them seems to understand how these companies should work in conditions of sanctions. And what will become with contracts signed earlier, what will become with their shares in projects, how they are to withdraw from the project if it comes to that? No one fully understands such things.”

Earlier on Friday, Novak said that France’s Total said it would continue its projects in Russia that had been launched before the sanctions. Total is a partner of Russia’s LUKoil, Novatek and Gazprom in Russian projects.

 [en.itar-tass.com]

19/9/14
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  • Miller: Gazprom Maintains Steady Daily Supply of Gas to Europe

    •  Russian Prime Minister Dmitry Medvedev said Friday Russia will certainly fulfill all obligations on gas supplies to Europe and Asia.

    “All obligations - European and Asian - will be fulfilled. There should be no doubts here,” Medvedev said in an interview with ITAR-TASS.
    He called “the European direction [of gas supplies] very important” for Russia.

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