Energy Charter Series  |  11 May 2015

Part II: The Road from the European to the International Energy Charter

Transformation and adaptation to the changing energy world

“It is not the strongest of the species that survives, but rather, that which is most adaptable to change.” This statement, echoing one of the central arguments in social Darwinism (or Spencerism rather) has proven to be increasingly valid in the energy world of the last two decades. Markets, industries and political strategies have been facing dramatic changes, driven by both short-term shocks and long-term transformations.

Report  |  30 April 2015

EU Investment in Turkmenistan’s Energy Upstream: Mission Impossible?

By Danila Bochkarev, Senior Fellow, EastWest Institute (Brussels)

Turkmenistan is rapidly emerging as one of the key natural gas producers with abundant and relatively cheap gas reserves. The country possesses the fourth-largest natural proved gas reserves in the world, estimated by BP Statistical Review – 2014 at 17.5 trillion cubic meters (tcm).

Report  |  30 April 2015

A Novel Approach to RES Promotion

By Wladyslaw Mielczarski

In March 2015, the Polish Parliament passed a new law relating to renewable energy sources (RES). The law aims to promote mini and micro-installations introducing incentives for individual customers who decide to produce electricity for their own use and sell the excess energy to electricity markets. These customers are called 'prosumers' as they combine electricity consumption with production. The novel approach to prosumers introduced in the new RES law is worth analysing, particularly regulations concerning micro-installations; those up to 3kW and mini-installation of 3-10kW rated capacity.

Analysis  |  30 April 2015

Greece: Distinguishing Reality From Mythology in the Energy Sphere

By Constantine Levoyannis

On the eve of the European Commission’s ruling on the Gazprom antitrust case, Gazprom’s CEO, Alexei Miller, visited the Greek capital for discussions with Prime Minister Tsipras and energy minister Lafazanis. This round of meetings comes just a fortnight after Tsipras’s controversial meeting with Vladimir Putin in Moscow on 8th April.

Analysis  |  16 April 2015

Norway at a turning point

By Reiner Gatermann

Exactly fifty years after the beginning of its impressive offshore adventure, Norway is facing significant changes. 2015 is set to bring a drop in offshore investments by 20 percent and a further ten percent in 2016. An almost stable production level is predicted at least for the coming five years. A loss of 10,000 to 15,000 jobs is expected. A drastic fall in revenue for the companies active on the Norwegian continental shelf (NCS) and an equally heavy fall in tax income for the Norwegian state is unavoidable. These are the parameters Norway is currently looking at. The country with just 5.2 million inhabitants became, according to some criteria, the richest country in the world, but has now reached a turning point. However, as a representative of a foreign oil company put it, “There is no reason to be pessimistic.”

Report  |  16 April 2015

Renewable Energy Perspectives of oil exporter Azerbaijan

By Vasif Safarov

The EU Strategy for the South Caucasus is a long term strategy directed towards creating a secure political, economic and social environment on the eastern borders of EU. Azerbaijan (officially Azerbaijan Republic) is the largest and most populous country in this region and is rich in hydrocarbon resources and plays an important role in supplying the EU with oil and natural gas. But the country is not only rich in fossil fuels, there are also great opportunities to develop a renewable energy sector.

Analysis  |  16 April 2015

Plunging oil prices – US Tight Oil Boom or the Burst?

By Dr. Salman Ghouri and Dr. Amjad Ansari

The global shale oil and gas industry is still in its infancy (in the learning curve) but the United States industry is far ahead and has shown inspiring results as their shale/tight oil production increased from 1.24 million barrels daily (MMBD) in 2007 to 4.68 MMBD in 2014 – which represents approximately a 3-3/4 fold increase [note 1].

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