THE STRATEGIC TASK OF THE EU
"The strategic task of the European Union's Energy Union is to diversify sources and delivery routes of energy in order to guarantee energy security for the EU and make energy prices controllable," European Commission Vice President Maros Sefcovic said at a news conference in Brussels on Thursday.
He said the Energy Union's activities would not deprive Ukraine of incomes from transmitting Russian natural gas to Europe and ruled out the possibility of the EU ever being the cause of any anxiety about gas transit through Ukraine.
"There exists excellent cooperation between the EU and Ukraine. The EU is closely monitoring the volumes of natural gas stored in Ukraine. Today the country has 8 billion cubic meters in its depots, and this is enough for full-scale transit to Europe. However, it is essential to boost the reserves to 20 billion cubic meters by next winter," Sevcovic said. He also said it was up to the Ukrainian government to decide how much to import from Russia and how much to receive through reverse pipeline deliveries from Europe.
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AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.
ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.
FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.