All publications by tag «EUROPE»
2015, July, 3, 18:40:00
GAS PIPELINE GAMES
Pipelines do not determine flows: infrastructure is necessary, but flows depend on market realities. Nord Stream, for instance, expanded Russia’s export capacity by a third in 2012, yet Russia’s exports are still far below their pre-crisis levels. Exports from Algeria have suffered the same fate: in 2011, Algeria inaugurated a new pipeline to Spain, but Algeria’s pipeline exports to Europe were 35 percent lower in 2014 than in 2010. By contrast, Norway is not building new pipelines but its exports are steady and its market share is growing (since demand, the denominator, is falling).
2015, July, 3, 18:20:00
EU & TURKEY GAS
Turkey remains reluctant to enter the EU Energy Community, as it would decrease its leeway on its energy policies. European laws can suit some other neighbours, but Turkey is a completely different case. Its importance for Europe, in the energy sector or in relation to migration issues, should not be underestimated.
2015, July, 3, 18:15:00
NOT LIFE NOT DEATH
Ukraine expects to store enough natural gas for next winter despite cutting off imports from Russia and Russian flows crossing the country destined for Europe will not be disrupted, Energy Minister Volodymyr Demchyshyn said on Thursday.
2015, July, 3, 18:10:00
EUROPE: NO FRACKING
The quest for European energy security this week suffered a pair of setbacks in Britain and Germany, two countries with large reserves of shale oil and gas.
2015, June, 29, 18:55:00
EU GAS DIFFICULTIES
The European Union would find it difficult to reduce its reliance on natural gas imports from Russia, according to industry experts.
2015, June, 17, 18:55:00
EU GAS STRATEGY
In Budapest, Mr. Šefčovič reported that, in the wake of the cancellation of South Stream last December, all parties in Europe have been paying attention to statements from Russia, as a gas supplier, and Europe's stance on infrastructure has been altered.
2015, June, 15, 18:55:00
RUSSIA'S GAS ADVANTAGE
“Now we are facing a stagnant demand both for oil and gas globally. These two commodities are providing 70% of Russian export and 50% of Russian federal budget revenues, so you can imagine how painful that is.”
2015, June, 15, 18:50:00
RUSSIAN DEAL NO SANCTIONS
Europe’s biggest oil groups are extending business deals with their Russian energy partners despite this month’s EU vote to continue imposing sanctions, highlighting how western companies are learning to live with the restrictions placed on Moscow.
2015, June, 15, 18:45:00
RUSSIAN GAS FOR EUROPE
Gazprom revived its contract with Italian contractor Saipem (controlled by state-run Eni SpA). The Milan-based company had signed two contracts worth €2.4 bn in total for the construction of an undersea pipeline and support services for construction of a second undersea pipeline, both part of much touted South Stream. The contract terms are now being renegotiated, so as to start construction in time for the 2016 deadline.
2015, June, 9, 19:25:00
EUROPE GAS DEFICIT: 50 BLN TO 2025
Europe may face deficit of gas imports of a total of 50 bln cubic meters in 2025, Gazprom Deputy Chairman Alexander Medvedev said Monday.