Russia paved the way Monday (13 April) for missile system deliveries to Iran, and started an oil-for-goods swap, signalling that Moscow may have a head-start in the race to benefit from an eventual lifting of sanctions on Tehran.
Member states’ energy deals with non-EU nations should be scrutinised by the European Commission before they are signed, according to a draft plan for the flagship Energy Union that outlines a strategy to diversify energy suppliers.
Germany’s Energiewende seeks to phase-out nuclear energy and shift to renewables by 2022, but a recent study suggests the country will still be dependent on fossil fuels like oil, coal and natural gas for many years. EURACTIV Germany reports.
The European Union has told Russia that its system of oil export duties breaks World Trade Organization rules by discriminating in favour of China and against European buyers, diplomats with knowledge of the situation said on Tuesday (18 November).
Croatia has received six bids in an international tender for oil and gas exploration areas in the Adriatic, and will choose the best ones by the end of the year, Economy Minister Ivan Vrdoljak said yesterday (3 November).
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.
The French parliament has adopted the first European directive to increase transparency in the extractive industries. Producers of wood, oil, gas and minerals will now have to declare payments to the states where they operate.
European Union envoys failed yesterday (10 September) to reach a decision on whether to implement new sanctions against Russia over military involvement in the war in Ukraine and will meet for talks today, EU diplomats said.
The psychological effect of EU sanctions, as much as the specific effect of them, is causing companies to hesitate when getting involved in any transactions with Russia, James Henderson told EURACTIV Czech Republic in an interview.
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).
One year after EU leaders adopted measures aimed at bringing down energy prices, the European Commission tabled another blueprint aimed at reducing energy dependence on Russia. But Commission experts admitted that reducing energy dependence would further raise prices.