International oil companies have “the financial muscle, the experience, the technical skills, and the supply chain” necessary to take part in the global renewable energy revolution, argues Eirik Waerness of Equinor.
The number of oil refineries in Europe is likely to decrease but those that remain will be truly competitive, highly technological and highly efficient, Ilshat Sharafutdinov told EURACTIV in an interview.
Just as Europe is engaging in a fierce race to electrify transport, makers of natural gas vehicles are coming out with bullish projections, saying they expect their car fleet in Europe to multiply tenfold to 13 million vehicles in 2030 – a 10% market share that could reach 20-30% for trucks and buses.
Keeping global warming below 2°C will be “more difficult, a lot more expensive, and a lot more delayed” without carbon capture and storage (CCS) – even with the sharp fall in renewable energy costs taken into account, Prof. Mike Norton told EURACTIV in an interview.
Unusually low fuel prices in Bulgaria are probably the result of cartels, or contraband, Bozhidar Danev told EURACTIV.com in an exclusive interview, saying the authorities have so far been unable or unwilling to address the issue.
The IEA’s latest World Energy Outlook suggests the EU is set to wean itself off oil even as global consumption continues to rise. EURACTIV.com asked Georg Zachmann, a senior fellow at the Brussels-based think tank Bruegel, how he sees oil demand in the EU changing in the coming years.
EXCLUSIVE/ Energy guru Igor Yusufov shared his views with EURACTIV.com on the first bilateral meeting between Russian President Vladimir Putin and his US President Donald Trump at the G20 summit, as well as on the global gas and oil business.
The European Commission’s High-Level Group on sustainable finance is currently looking at the pros and cons of slapping “penalties” on fossil fuel assets that may end up being stranded as investors shift to low-carbon portfolios, Christian Thimann told EURACTIV in an exclusive interview.
Nordic countries have relegated fuel poverty to the history books by setting legal minimum standards for heating and giving house-owners a strong incentive to invest in refurbishment, says the mayor of the Swedish capital.
Security of electricity supply should remain a national responsibility although regional coordination can help provide backup in case of need and avoid overcapacity, according to Laurent Schmitt, the Secretary General of ENTSO-E, in an interview with EURACTIV Slovakia.
The lack of hard EU legislation for the decarbonisation of Europe’s heating and cooling systems is a failure that puts the bloc’s climate goals at risk, Maarten De Groote, the head of research at the Buildings Performance Institute Europe, has warned.
Electric vehicles could revolutionise Europe’s electricity system, but an outmoded network regulation could hamper progress, according to Laszlo Varro, chief economist at the International Energy Agency.
Private sector development is crucial to stabilising the most vulnerable countries. But ensuring businesses respect social and environmental standards is a real challenge, Anne-Sophie Rakoutz told EURACTIV France.
The conflict between second and first generation biofuels – depicted as good and bad for the environment – only exists in Brussels. In fact, it’s the brainchild of the European Commission, Eric Sievers told EURACTIV.com.
Europe should accelerate the decarbonisation of electricity in order to encourage its use for transportation and other sectors. The end game is a fossil free system where we could use a lot more green electricity, Vattenfall CEO Magnus Hall told EURACTIV.com.
The Third Energy Package does not apply to Nord Stream 2, as it doesn’t apply to any of the existing or future import pipelines into the EU internal market, and the European Commission accepts that, Sebastian Sass told EURACTIV.com in an exclusive interview.
Hungary does not care about the requirements imposed by the European Commission on Paks II, energy analyst András Deák told EURACTIV Slovakia. András Deák is a senior research fellow at the Institute of World Economics of the Hungarian Academy of...
EXCLUSIVE / Unlike the five EU member states with Russian-built nuclear power plants, Ukraine is the only country implementing EU requirements for diversified portfolios of fuel supply, Michael Kirst, an official at Westinghouse, told EURACTIV.com.
If the EU wants to avoid a U-turn on advanced biofuels, then it has come up with a “clear and robust” sustainability framework that will provide policy certainty and investment security, biofuel expert Laura Buffet said in an interview with EURACTIV.com.
Commission Vice-President for Energy Union Maroš Šefčovič told EURACTIV.com that the Trump administration may be more protectionist than its predecessor. But he is not worried about the impact on the energy market, despite Europe’s immense import needs.
LUKOIL is one of the largest publicly traded, vertically integrated energy companies in the World. The corporate mission of LUKOIL is to make the energy of natural resources serve the interests of mankind. Every day millions of consumers worldwide buy LUKOIL products, energy and heat, improving the quality of their life.
LUKOIL’s main activities are exploration and production of oil and gas, refining and marketing of petroleum products and petrochemicals, as well as power generation. In order to reduce environmental impact and make efficient use of resources, LUKOIL has developed renewable energy solutions including hydroelectric, solar and wind generation.
LUKOIL conducts its business in a responsible and sustainable way, seeking to strike a balance between socio-economic and environmental development by supporting communities, contributing to the economy and preserving the environment. The company stringently abides by the highest global environmental standards and shares the principles of the United Nations Global Compact ensuring high levels of occupational safety and health.
Taking social responsibility for the efficient use of natural resources in all its earnestness and maintaining favorable environmental conditions in its business, LUKOIL is guided by the highest HSE standards. In its operations LUKOIL pursues the sustainable development principles and seeks to achieve a good balance between socio-economic and environmental development.
LUKOIL corporate governance system is based on international best practices and fully incorporates the principles of openness, regulatory requirements, fair competition, and transparency.
LUKOIL ordinary shares are admitted to the Moscow Exchange. LUKOIL depositary receipts are listed on the London and Frankfurt Stock Exchanges, as well as on the US OTC market.