Europe & Eurasia Energy News Articles for April 3, 2014

 

 
 

Weekly collection of energy news articles for the region.  Click on the links for access to original publications


USAID/USEA ETAG Upcoming Events

 

April 19               USEA Membership Briefing – The Atlantic Wind Connection. Washington, DC

April 23               USEA Annual Membership Meeting and Public Policy Forum. Washington, DC

June 2-3              USAID/USEA Southeast Europe Distribution System Operator (DSO) Working Group Meeting  Budapest, Hungary

June 4-5              USAID/USEA Dynamic Analysis Training Budapest, Hungary

June 6                 USAID/USEA Southeast Europe Cooperation Initiative Transmission System Planning Project (SECI) Working Group Meeting Budapest, Hungary

June 9-10           USAID/USEA Black Sea Regional Transmission System Planning Project (BSTP) Dynamic Analysis Training Tbilisi, Georgia

June 11              USAID/USEA Black Sea Regional Transmission System Planning Project (BSTP) Working Group Meeting Tbilisi, Georgia

June 12              Joint Working Group Meeting: USAID/USEA Black Sea Regional Transmission System Planning Project (BSTP) & USAID/NARUC Black Sea Regulatory Initiative (BSRI) Tbilisi, Georgia

June 13              USAID/USEA Azerbaijan-Georgia-Turkey (AGT) Power Bridge Project Working Group Meeting Tbilisi, Georgia


Albania

Albania-Kosovo, one common energy market – (Albeu) Albania and Kosovo will have one common energy market. Minister of Energy and Industry, Damian Gjiknuri signed an agreement with his counterpart, Fadil Ismajli…

Albania awards electricity generation licence to local M.T.C. Energy – (SEENews) Albania’s energy regulator said it has awarded an electricity production licence to local company M.T.C. Energy. The licence allows the company to operate as producer of electricity from the 2.5 megawatt Radove hydropower plant, the energy regulator said in a statement posted on its website…


Bulgaria

Bulgaria: More Expensive Electricity Expected after European Elections; Regulator Includes Expenses for Green Energy in Electricity Bills– (Energetika) The deficit in the electricity system under this item amounted to at least 215 million euros and is the basis of the financial dispute between the National Electricity Company (NEC) and EVN, CEZ, and Energo-Pro…

Power Distributors in Bulgaria Demand Price Hike – (Novinite) Three power distributors operating in Bularia have demanded an increase in prices starting July 2014. Czech-based CEZ and Energo-Pro have insisted that prices go up 13-14%, while Austrian EVN requested an 8% hike, BGNES news agency has reported, citing Bulgarian energy watchdog DKEVR's head Boyan Boev…

Bulgaria’s Micro-Hydro Power Surge– (TruthDig) Dimitar Lobutov, an entrepreneur investing in a micro-hydro plant here, has little time for environmentalists.  “They are the biggest racketeers in the country – they make all manner of accusations but can’t prove anything”, says Lobutov. “It’s people like me who are developing Bulgaria – the greens just do nothing but complain or try and sabotage our efforts...

Bulgaria could pull permits for foreign utility companies– (Utility Products) Bulgaria's energy regulator is moving to revoke the permits of three foreign-controlled companies that supply all the power in this EU country of 7.3 million people.  The regulator said in a statement on Wednesday it will revoke the licenses for the "public supply of electricity" that it had issued to Energo Pro and CEZ, both Czech companies, and to Austria's EVN…

Commission warns Bulgaria against foul play over South Stream – (Euractiv) The European Commission has warned Bulgaria against attempts to pass a law apparently aimed at circumventing the Third Energy Package, as South Stream is reportedly regarded as an interconnector, not a pipeline…

EC Questioning Bulgaria Over 'South Stream' Amendment – (Novinite) The European Commission has requested clarification from Bulgaria regarding a proposed ammendment to the Energy Act. The Commission is concerned that the Bulgarian government is planning to pass an ammendment, which would change…

EC demands an explanation from Bulgaria about Bulgarian Energy Act amendments – (Focus) EU Energy Commissioner Gunther Oettinger sent a letter to Bulgarian Minister of Economy and Energy Dragomir Stoynev demanding an explanation for the forthcoming amendments to the Bulgarian Energy Act that aim to exclude the Bulgarian section of the South Stream gas pipeline from the scope of EU legislation…

Amendments adopted at first reading at Energy Committee bring Bulgarian legislation in line with EU legislation: MP – (Focus) Amendments adopted at first reading at [parliamentary] Energy Committee bring Bulgarian legislation in line with EU legislation,” said MP Tasko Ermenkov, who is a chairperson of the Ad-hoc committee in charge of checking and unveiling all cases of indiscriminate appointments and lay-offs, based on party affiliation, held in the state administration and in different state bodies or enterprises in the period August 2009 - March 2013, FOCUS News Agency reported…

NPP Kozloduy Wants to Sell More Electricity on Open Market – (Energetika) Each year, the Regulator determines how much of the plant’s power is to be retained for generation of electricity for sale to protected consumers (mainly households). The quota for this year is 55% and the other...

Ministry: Work on the South Stream continues – (Standart) The work on the South Stream at the expert and technical level  is not interrupted , the Bulgarian Ministry of Economy and Energy  informed.  "We consider the questions raised in the letter of  Commissioner Gu"nther Oettinger about the planned changes to the Energy  Act as part of this process," it said in a document published on the  Ministry of Economy website…


Bosnia and Herzegovina

Bosnian coal mine extends bidding for 300 MW coal-fired plant – (Reuters) Bosnia's state-run brown coal mine Banovici has extended until April 24 a deadline for potential partners to express interest in financing and building a 300 megawatt (MW) coal-fired plant in central Bosnia, it said on Tuesday...

Five new lignite power plants planned in Western Balkan countries risk violating EU pollution rules – (Balkans) A series of at least five new lignite power plants planned in Western Balkan countries which aspire to European Union membership [1] risk violating Energy Community pollution legislation before they even start generating electricity, warns a new legal briefing by EU-based legal organisation Frank Bold, published today…


Croatia

Croatia: Bids for Electricity Purchase Contracts from Solar Plants Well Above Target– (Energetika) Croatia's energy market operator HROTE said on 31 March 2014 that it had received by the end of March altogether 2299 requests for an agreement for purchase of electricity produced in solar plants during this year...

Croatia courts explorers to offshore reserves– (UPI)The Croatian government announced Wednesday it launched a tender for geological exploration and possible extraction of resources from the Adriatic shelf.  Economic Minister Ivan Vrdoljak opened the auction Wednesday for 29 blocks covering an estimated 600 square miles…

Croatia opens tender for Adriatic oil and gas exploration – (Reuters) Croatia published an international tender for oil and gas exploration blocks in the Adriatic on Wednesday, hoping to attract major oil firms and start production in five years despite protests from local environmental groups…

Croatia Launches Tender for Hydrocarbon Exploration in the Adriatic – (RIA Novosti) Croatia launched a tender on Wednesday to start geologic exploration followed by possible oil and gas extraction on the Adriatic shelf, according to a statement issued by the country's Economic Ministry…

Plenty of potential, but not much happening in Balkan region – (Wind Power) CROATIA: There is plenty of potential for wind power in the Balkans, but progress is hindered by an absence of stable legislation, weak grid infrastucture and funding shortages…


Macedonia

Macedonia expands power market liberalisation to mid-sized firms – (Reuters) Macedonia expanded the liberalisation of its power market on Tuesday by allowing more companies to purchase electricity on the open market, the state regulatory energy commission said…


Montenegro

EBRD funds additional smart meters installation in Montenegro – (EBR) Elektroprivreda Crne Gore AD Niksic (EPCG) has received a €30m loan extension from the European Bank for Reconstruction and Development (EBRD) for installation of additional smart electricity meters across Montenegro.  EBRD had provided €35m loan to EPCG to fund a €43m project to install more than 175,000 smart electricity meters throughout the country…

Montenegro receives €30 million for extension of smart electricity metering programme – (Balkans) The European Bank for Reconstruction and Development (EBRD) is investing in further upgrades for the energy sector in Montenegro through a €30 million loan extension provided to Elektroprivreda Crne Gore AD Nikšić (EPCG), the country’s main electricity provider, for further installation of smart electricity meters throughout the power distribution grid…


Romania

EDP Renewables awarded €30 million loan for Romanian solar power projects– (Penn Energy) Spain-based EDP Renewables (EDPR) announced it has received a €30 million loan ($41.3 million USD) to build solar farms in Romania with a power generation capacity of 50 megawatts. The €20 million ($27.5 million USD) loan from the European Bank for Reconstruction and Development (EBRD), which marks the fourth joint project between the two organizations, will help EDPR construct six solar farms in the southern Romanian region of Oltenia…

EDPR inks €30m Romanian deal – (reNews) EDP Renováveis has agreed a €30m project finance structure with the European Bank for Reconstruction and Development and the Black Sea Trade Development Bank for 50MW of solar power in Romania…

EDPR gets funding for plants in Romania – (PV Magazine) The European Bank for Reconstruction and Development (EBRD) and the Black Sea Trade Development Bank are to work together to finance EDP Renovaveis’s (EDPR) building of 50 MW of solar plants in Romania…

Romania caps green energy quota to help large industrial firms – (Reuters) Romania's government capped the amount of renewable energy that large industrial consumers must buy this year in a move to help offset their high energy costs and stave off the threat of job cuts ahead of elections later this year…

Romania solar still attracting investment despite green certificate cut – (PV Tech) Portuguese renewable energy developer, EDP Renováveis (EDPR), has secured €30 million (US$41 million) in project finance for 50MW of Romanian PV, despite recent cuts to the county's solar incentives…

CEZ mulls sale of minority stake in Romanian wind park – (Reuters) Czech utility CEZ is exploring the sale of a minority stake in its 1.1 billion euro ($1.5 billion) wind park in southeastern Romania, Europe's largest land-based wind farm, a company official said on Tuesday…

$48m biomass CHP plant under construction in Romania – (Cogeneration) Romanian power producer Greenprav has commenced construction of a woody biomass-fuelled cogeneration unit in Busteni, Romania. The plant will cost around$48m (EUR35m) to build and the Irish company Prime Energy Power, the main shareholder for SC Greenprav SRL Romania is the main mover behind the project...

Lukerg Renew agrees on EUR 67 mln loan for Romanian wind park project – (Romania-Insider) Italian ERG Renew and Russian Lukoil recently arranged for a EUR 67 mln loan from Raiffeisen Bank International and ING Bank for a wind energy project in Romania. The project is carried out through Lukerg Renew, a joint – venture between the two companies…

Romania’s electricity carrier Transelectrica expects profit down by a third this year – (Romania-Insider) Romania’s electricity transporter Transelectrica expects total revenues of RON 2.6 billion (or some EUR 584 million) this year, up some 7 percent compared to the preliminary results for 2013, and total expenses of RON 2.48 billion (EUR 557 million)…

Romania slowing, Bulgaria and Hungary fall off the radar – (Wind Power) Romania added 700MW in wind capacity last year, just above the 630MW-odd average of the previous three years, but below the 923MW commissioned in 2012, bringing its total to 2.61GW…


Serbia

Elektroprivreda Srbije in Vicious Circle – (Energetika) Aleksandar Obradović, Acting General Manager of Elektroprivreda Srbije (EPS), said on 21 March this public enterprise had 650 managers and that it was losing EUR 100,000 per day due to its excessive office administration system. Indeed, there is little business logic in the fact that…

Balkan power plants ‘risk breaching IED limits’ – (ENDS Europe) Under the countries' Energy Community treaty with the EU, new installations, they found that one of them, Kolubara B in Serbia, will be allowed to emit 2.5...

Greenhouse Gas Emissions a Major Issue in Serbia – (Energetika) According to Energy Coordinator at CEKOR Zvezdan Kalmar, the energy sector is to blame for a large portion of pollution caused by CO2 emissions in Serbia, the level of which per capita is among the highest in…


Armenia

Armenian nuke plant operation term to be extended till 2016 – (PanArmenian) The government decreed to extend the operation term of the Armenian nuclear power plant till 2016, with the Ministry of Finance instructed to sign a crediting deal with Russia by May 1. Works for a new nuclear power unit construction will also be activated, according to Armenia Today…

Government approves extension of Armenian nuke station’s life – (Armenia Now) The government of Armenia has extended the term of operation of its Soviet-built nuclear power plant (NPP) for another ten years.  The facility at Metsamor, which is situated some 30 kilometers west of capital Yerevan, was originally due for decommissioning in 2016…

Armenia doesn’t scrap plans for new nuclear power unit construction – (Aysor) The Armenian government approved today the program of extension of the Armenian Nuclear Power Plant’s life until 2016, according to the press office of the government…

Armenia to prolong the life of the nuclear plant until 2026 – (Vestnik Kavkaza) Armenia wishes to receive a loan from Russia to extend the Armenian Nuclear Power Plant’s operations until 2026.  The aforesaid is stated in the Extension Program decision, which was adopted at Thursday’s Cabinet meeting, reports news.am…

New nuclear power unit to be built in Armenia – (ArmenPress) The Government of the Republic of Armenia intends to prolong the exploitation term of the Armenian Nuclear Power Plant for ten years with the loan received from Russia...

Snow leaves 230 Armenian settlements without power – (Aysor) The unprecedentedly heavy snowfall in Armenia on March 30 left 230 settlements without power. As of 9:00 am March 31, power supply of 17 settlements – about 6,370 customers was not restored yet. This announcement was made during the consultation chaired by the Armenian deputy prime minister…


Azerbaijan

Malena Mard: “Europe attaches great importance to Azerbaijan as an energy partner” – (APA) “Europe attaches great importance to Azerbaijan as an energy partner. We are also aware of the macroeconomic stability in Azerbaijan.  The European Union intends to improve the relations with Azerbaijan in all spheres. It should be based on open dialogue,” Head of the European Union Delegation to Azerbaijan, Ambassador Malena Mard said…

Azerbaijan’s power generation at hydroelectric power plants falls but keeps at 3.5% of total power generation – (ABC.AZ) The State Statistics Committee reports that the hydropower plant crisis which started in Azerbaijan in 2012 is only increasing in 2014.  The Committee informs that power generation at hydroelectric power plants (HPPs) reached only 141 million kWh for Jan-Feb 2014. Though it was by 9.1% higher than that for Jan-Feb 2013…

Metsamor nuclear power plant poses a great threat to the entire region – MP – (NewsAZ) Chernobyl type Metsamor nuclear power plant poses a great threat not only to Armenia but also to the entire region.  The statement came from deputy of Milli Majlis of Azerbaijan Rasim Musabayov, commenting on statements by Azerbaijani President Ilham Aliyev on the Metsamor nuclear power plant made at the nuclear security summit in the Hague…

Azerbaijan to cooperate with Germany on alternative energy – (APA) Meeting with the delegation of Germany-Azerbaijan Forum was held at Azerbaijan’s State Agency on Alternative and Renewable Energy Sources, the Agency told APA-Economics.  Deputy Director of the Agency Jamil Malikov said a new economic sphere was formed in Azerbaijan after the State Program on the use of alternative and renewable energy sources was confirmed. Continuous and efficient measures were taken on the state level to ensure the implementation of the program-related tasks…

Religious facilities to face limits on free natural gas – (Azernews) Azerbaijan's state energy company SOCAR set a limit on the free use of natural gas for religious facilities belonging to all religious denominations operating in the country.  The maximum limit was set at 5,000 cubic meters per year, Azerigaz Production Association told  Trend  Agency on March 27…

Azerbaijan prepares to expand Sangachal terminal – (Trend) Full-scale work to expand the Sangachal terminal as part of the second stage of developing the Shah Deniz gas condensate field in the Azerbaijani sector of the...

Southern Gas Corridor important for Europe’s energy security: SOCAR – (Azernews) The Southern Gas Corridor can catalyze the development of connecting pipelines in Southern Europe.  The news was announced by Deputy Vice-President of Azerbaijan's state energy company SOCAR Vitaliy Baylarbayov on March 31…

EU interested in continuing negotiations on Trans-Caspian gas pipeline – (Trend) The European Union (EU) is interested in continuing the negotiations on the Trans-Caspian gas pipeline, the head of the EU Delegation to Azerbaijan, Malena...

Gas Corridor To Catalyse Development Of Pipelines In Europe – (Bernama) The Southern Gas Corridor can catalyse the development of connecting pipelines in Southern Europe, Azerbaijan's Trend news agency reported, quoting Deputy Vice President for Investments and Marketing at the State Oil Company of Azerbaijan (SOCAR), Vitaliy Baylarbayov as saying…

The Crimean Crisis And the Energy Ramifications For Azerbaijan – OpEd – (Eurasia Review) The Kremlin’s partition of Crimea from Ukraine has put other states along Russia’s “near abroad” on edge. But while most of Russia’s neighbors seem to be worried about becoming Vladimir Putin’s next target, one state, Azerbaijan, stands to benefit, at least over the longer term, from the sudden turn of events…


Georgia

Georgia, Azerbaijan Discuss Innovations In Sphere Of Pipeline Protection– (Haberler) Georgian and Azerbaijani side discussed the issue of pipeline protection.  According to Georgian Ministry of Internal Affairs, delegation of Special protection Service of Azerbaijan visited the department for the protection of Strategic Pipelines of Special Emergency Measures center of Georgian MIA…

SOCAR Continues Gasification Of Georgian Regions – (Haberler) The Georgian Energy Minister, Kakha Kaladze together with representatives of the Azerbaijani company SOCAR Georgia Gas opened a new gas pipeline in Surami and lit symbolic torch in the center of the village…

SOCAR continues gasification of Georgian regions– (The Messenger Online) The Georgian Energy Minister, Kakha Kaladze, together with representatives of the Azerbaijani company SOCAR Georgia Gas opened a new gas pipeline in Surami and lit a symbolic torch in the center of the village…


Moldova

Moldova to import electricity at lower price – (allmoldova) Moldova will purchase electricity from Ukraine and the Kuchurgan power plant at a price of 0.068 dollars per kilowatt-hour, lower than during the last two years, when it stood at 0.069 dollars, the Economics Ministry’s information and media communication service has reported…

Import price of electricity will be slightly lower – (allmoldova) After several rounds of negotiations held with Ukraine’s DTEC Vostokenergo and the Cuchurgan Power Plant situated in Transnistria, Moldova obtained a slight reduction in the purchase price of electric power in 2014, the Ministry of Economy has announced. Thus, the import price of electricity will be 6.8 cents per kWh, as against 6.9 cents until March 31, when the old contract for the supply of power expired, IPN reports…

Moldova is pressed in energy sector, Vlad Filat – (allmoldova) Pressure is exerted on Moldova given the lack of energy security, the leader of the Liberal Democratic Party Vlad Filat said. According to him, this pressure is aggravated by the fact that Moldova hasn’t signed a new contract for the supply of natural gas with Russia’s Gazprom for many years, the old contract being periodically renewed, IPN reports…


 Turkey

Construction of a 51 MW Turkish wind power plant underway – (Balkans) Turkey’s largest petrochemical complex in Aliaga, Izmir on Turkey’s Aegean coast, has signed an agreement with France-based power generation and transport systems giant Alstom for the construction of a 51 MW wind power plant (WPP) at an investment cost of around EUR 55 million…

Energy Regulator Appoints New Turkish Head – (Haberler) Turkish Energy Market Regulatory Authority member elected chairman of the international Energy Regulators Regional Association.  Turkey's Energy Market Regulatory Authority Board Member Alparslan Bayraktar has been elected as chairman of the Energy Regulators Regional Association...

Energy regulator appoints new Turkish head – (Turkish Press) Turkey's Energy Market Regulatory Authority Board Member Alparslan Bayraktar has been elected as chairman of the Energy Regulators Regional Association.  According to a statement released by Turkey’s Energy Market Regulatory Authority, on Tuesday, a general assembly meeting of the association elected Bayraktar as chairman for a 2 years period…

Turkish Government 'Confident' On Energy Investments – (Harberler) The Turkish government has full confidence about the future of energy investments in Turkey following the municipal elections, Turkey's Energy Minister Taner Yildiz has said.  Speaking at a meeting in the capital, Ankara, on Tuesday, Yildiz said the energy sector in Turkey should have a bigger growing rate than its average economic growth, in order to achieve higher energy security…

TURKISH GOVERNMENT 'CONFIDENT' ON ENERGY INVESTMENTS – (Daily Sabah) The AK Party's historic vote of confidence will pave the way for significant energy investments and privatization agreements which have been on the table for more than a year aiming to reduce energy imports…

Turkey constructs world's third tallest hydro plant – (Turkish Press) Turkey has begun the construction of the world's third tallest arch dam and hydropower plant in the northeastern city of Artvin on its Georgian border.  The Yusufeli Dam and Hydropower plant is expected to be 270 meters tall and will be Turkey's first arch dam and plant…

Electricity cut off in provinces where pro-gov’t firms supply power – (Hurriyet Daily News) While Energy Minister Taner Yıldız blamed the power blackouts during the vote-counting after the March 30 local elections on cats, the electric switches are actually controlled by businessmen implicated in the Dec. 17 corruption investigation, daily Birgün has reported…

Turkey's energy watchdog imposed US$1.18 billion in fines – (Turkish Press) Turkey's energy market regulator has imposed US$1.18 billion in fines against 12,192 energy companies breaching its regulations in Turkey since it was established in 2001…

Turkish Official Blames Election Night Power Outages On A Cat – (Huffington Post) After Turks went to the polls in a round of contentious local elections on Sunday, power outages forced some voting centers to count votes by candlelight. Accusations of election fraud ran rampant, especially in the closely-watched races in the capital. In an attempt to ease voter worry, Turkey’s Energy Minister Taner Yıldız has now come forward with a culprit for the power cuts: a cat…

Electricity cut off in provinces where pro-gov’t firms supply power – (Daily News) While Energy Minister Taner Yıldız blamed the power blackouts during the vote-counting after the March 30 local elections on cats, the electric switches are actually controlled by businessmen implicated in the Dec. 17 corruption investigation, daily Birgün has reported…


Ukraine

Why rising gas prices could boost Ukraine energy security – (The Christian Science Monitor) Russia is raising the price it charges Ukraine for its natural gas, and the interim Ukrainian government is upping the price of its own subsidized, domestic gas. Higher energy costs will hit Ukraine's economy hard during a delicate transition, but it could prove valuable further down the road…

Kerry to Russia: Don't use energy as a weapon in Ukraine crisis – (The Christian Science Monitor) Secretary of State John Kerry reaffirmed support Wednesday for a more diverse European energy supply as a response to Russia over the Ukraine crisis. Some have called for the US to wield its own 'energy weapon,' but the Obama administration has focused more on European solutions…

Ukraine crisis: Kerry says energy should not be used as a weapon – (KETKNBC) Energy supplies must not be used as a political weapon, U.S. Secretary of State John Kerry said Wednesday at an EU-U.S. energy summit dominated by the simmering crisis in Ukraine…

Ukraine’s wasteful gas consumption another tether to Russia – (The Globe and Mail) Ukraine needs efficiency more than imported gas. Congress is debating speeding up U.S. gas exports to curb Russia’s sway over its former satellite. A cheaper solution lies closer to home. Ukraine is the world’s second most wasteful energy user. Merely matching Romania’s efficiency would trim Ukraine’s gas bill by two-thirds…

Ukraine turmoil leaves outlook 'cloudy' – (PV Magazine) The repercussions to the solar PV industry from Russia's annexation of Crimea will be felt from 21 March, according to an industry source speaking to pv magazine. This revelation comes as analysts IHS call the country's PV outlook 'cloudy' due to the recent political turmoil…

Russian Tanks Cast Shadow Over Ukraine’s Solar PV Outlook – (Solar Industry) Given the evolution of the political situation in Ukraine, culminating with Russia’s annexation of the Crimea region in March, IHS Technology is questioning the outlook for existing and planned solar photovoltaic power investments in the country…

Sobolev: Price of electricity and water supply for Crimea needs to be revised – (Kyiv Post) Tariffs for the supply of electricity and water to Crimea from mainland Ukraine should be revised, according to the leader of the Batkivschyna faction, Serhiy Sobolev…

UPDATE: Cabinet recommends Electricity Commission Raise Gas Prices For Population By 73% As Of May – (Ukrainian News) The Cabinet of Ministers recommends the National Electricity Regulatory Commission of Ukraine to raise retail tariffs for gas for the population (household consumers) by 73% on average to UAH 1.2-4 per cubic metre, starting from May 1, 2014, Finance Minister Oleksandr Shlapak has told a news briefing…

Joint Press Statement EU-U.S. Energy Council – (U.S. Department of State) The fifth EU-U.S. Energy Council met today in Brussels, chaired by EU High Representative/Vice President Catherine Ashton, EU Commissioner for Energy Günther Oettinger, U.S. Secretary of State John Kerry, and U.S. Deputy Secretary of Energy Daniel Poneman. Minister Ioannis Maniatis of the Greek Ministry of Environment, Energy and Climate Change represented the rotating EU Presidency…

US to collaborate with EU on diversifying supply of gas for Europe, Ukraine – (Hydrocarbon Processing) The European Union and the US confirmed plans to collaborate on diversifying energy supplies to Europe and Ukraine while continuing cooperation with Russia.  The EU-US Energy Council met Wednesday in Brussels to discuss reinforcing energy security in Europe after Russia, which meets a third of the region’s gas needs...

Will Ukraine Get Fracked? – (Seeking Alpha) The news yesterday that Gazprom (OTCQX:GZPFY) is hiking the price of Ukrainian imports by 44% should come as no surprise in the current political climate. The various loans, aide packages and other forms of monetary support which have been pledged to Ukraine by the USA, EU and others recently could be swallowed up relatively quickly…

 

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