Azerbaijan's state-owned oil company SOCAR has confirmed its interest in acquiring a stake in Greek gas grid operator DESFA, with a deal possible by the end of the year, Greece's privatisation agency said on Wednesday (26 August).
French power grid operator RTE has started work on a new 190 km power interconnection across the Alps to Italy, in an effort to ease congestion on the existing lines to the largest importer of French electricity.
The European Commission deplored the collapse of the trilateral gas talks today (20 August), in which it was negotiating Ukrainian gas purchases from Russia, and expressed hopes that a new round could take place in September.
The EU warned today (20 August) that the window of opportunity for December's United Nations Climate Change Conference was closing fast, urging the 140+ countries that have not yet made public their contributions to do so, naming some of the major players.
Germany's plans to pay companies to shift power capacity to a coal-fired reserve from 2017 may well breach EU rules, legal experts at the German parliament have found, a document seen by Reuters on Thursday showed.
It is neither acceptable nor possible for European countries to achieve energy security on the back of a fossil fuel strategy that will undermine democracy, human rights, and climate security, writes Luca Bergamaschi.
Panos Skourletis, the new Greek energy minister, is tasked with a heavy reform agenda that could help revive the cash-strapped Greek economy and make the country return to growth. But the stakes are high.