EU institutions have limited room to manoeuvre when it comes to going to Russia with requests for more gas in order to alleviate the energy crisis and help Europe get through the winter, warns Andrei Belyi.
The current hike in energy prices is threatening to overshadow the COP26 climate summit this November as countries scramble to tackle the rising costs of electricity, oil and gas, warned a senior executive at Spanish power firm Iberdrola.
Russia's Energy Ministry is due to prepare a report in the coming days about the possibility of Rosneft exporting natural gas to Europe via the new Nord Stream 2 pipeline, Interfax cited Deputy Prime Minister Alexander Novak as saying on Wednesday (15 September)
The European Commission last week published an updated methodology to assess which gas infrastructure projects will be eligible to receive EU funding, triggering warnings by environmental groups and a senior member of the European Parliament.
A leak of the European Commission’s planned revision of the renewable energy directive has given further indication to the direction that the legislation could take, but it has been criticised by the renewables industry and NGOs for lacking ambition.
Eleven countries, including Germany, Denmark and the Netherlands, were set to reject a plan to prolong EU support for cross-border natural gas projects, and instead push for rules to exclude fossil fuels, according to a document seen by Reuters.