Europe is set to become a major importer for Liquefied Natural Gas (LNG) as markets prepare for a flood of new supplies coming from Australia and the US, the International Energy Agency (IEA) said in its annual Medium-Term Gas Market Report.
The European Commission is preparing a ‘diplomatic energy action plan’ to diversify the EU’s natural gas supply sources, with plans for tapping Algeria’s huge unexploited reserves, and a comprehensive LNG strategy due next year.
A Commission official said and repeated during a public event yesterday (5 March) that Bulgaria, which is almost 100% reliant on Russian gas, lacks the political will to build interconnectors with its neighbours and decrease its dependence.
On December 1, 2014 Vladimir Putin announced that Russia would abandon construction of an ambitious $40 billion project - the South Stream gas pipeline. Hedvika Koďousková and Martin Jirušek comment on the wider context of this decision.
Spurred by the demise of Russia's South Stream gas pipeline project, Croatia has revived a decade-old idea of building a liquefied natural gas import terminal at the deepwater oil port of Omisalj, on the island of Krk.
European Commission President Jean-Claude Juncker has insisted the €32 billion South Stream natural gas pipeline can still go ahead, and accused Russia of holding EU-member Bulgaria for ransom when it said it had abandoned the project.
Improving energy efficiency and reducing energy consumption should be the key priority of Ukraine's energy policy. The country’s energy-saving potential could be as much as 50% of its current energy consumption, writes Danila Bochkarev.
The European Commission is giving €4 million to two German companies for the construction of a liquefied natural gas (LNG) ferry and a fuel station in the North Sea, it announced Tuesday (4 October). The project could increase the number of ships using LNG in future.
Many have correctly perceived the 8 year-old oil embargo against the Lithuanian oil refinery Orlen Lietuva as Moscow’s political vendetta against Vilnius. Nonetheless, the complete picture is more complex, writes Agnia Grigas.
Ahead of the 23-24 October EU summit, on Thursday (16 October), the Commission presented a first-ever analysis of the consequences of a disruption of Russian gas supplies, or even a complete halt of such imports to the Union, and neighbouring states. The result, which was not difficult to predict, is that some countries would be much more affected than others.
The Klaipeda LNG terminal will enable Lithuania and its neighbours to access alternatives to Russian gas and will serve as the flagship for Baltic efforts to successfully address their persistent energy vulnerability, writes Agnia Grigas.
Poland is taking steps towards creating a gas trading and transit hub in Central and Eastern Europe aimed at accomplishing what much of the region has failed to do; shake off its almost complete reliance on Russian gas imports.
SPECIAL REPORT: In his capacity of Prime Minister of Poland, Donald Tusk has spearheaded the idea of an EU energy Union, and leading Polish politicians expect him to continue to do so as Council President, when he will take up the job from Herman Van Rompuy on 1 December.
Greece has asked the European Commission to set up a backup plan to ensure liquefied natural gas (LNG) is available for Balkan countries in the event of potential disruptions to Russian gas supplies stemming from the crisis in Ukraine.
The European Union should not give Russia technical help to develop Arctic oil and gas fields if Moscow fails to help to defuse the Ukraine crisis, EU Energy Commissioner Günther Oettinger said yesterday (23 July).
While EU leaders make passionate pleas to coordinate national energy policies towards Russia, the Czech Republic said it would not back a Polish proposal to create a single body to buy gas for the European Union.
Russian President Vladimir Putin has ordered the government to expand tax breaks to more deposits that will supply gas for the Novatek-led liquefied natural gas project in Russia's Yamal peninsula, according to the Kremlin's website.
Norway overtook Russia as the main supplier of the EU’s natural gas in 2012, a first for the Scandinavian country, the chief economist for the British Petroleum Group chief said in unveiling a new energy report in Brussels.
Speakers at a conference held recently in Warsaw criticised EU energy policies especially those favouring expensive green energy, but also admitted that the country was not sure what kind of energy mix it wants. EurActiv Poland reports.