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].

Recent posts
  • Security of power supply in Poland - 16 April 2015
    On Tuesday, (14.04.2015), the Highest Audit Chamber (Najwyzsza Izba Kontroli - NIK) in Poland published a report on the security of power supply. The audit took place between May and October 2014 and was carried out with the assistance of supporting experts. Two of the most importing findings of the NIK relate to the lack of a general incentive system for investments in new generating capacities. This system should be based on the market rules and applied to all entities operating in an electricity market independently of their ownership...
  • Has Greece Been Dealt a Hand of Pocket Rockets or the Hammer? - 7 April 2015
    Greece’s new government has been hinting at pocket rockets or double aces, the best Hold'em poker hand you can hope to have, amid the on-going negotiations over reforms demanded in return for aid from its creditors for some time now. Nevertheless, the Greek government has yet to provide significant indications other than its tiresome rhetoric...
  • Electricity In Russia's Relations With Its Neighbours: Source Of Integration, Influence And Income - 2 April 2015
    One characteristic feature of the past year in Russia-EU relations is ever-complicating relations, which have direct impact on bilateral energy relations. A rather long-lasting story of European dependence on Russian gas; persistent discussions about the reliability of Russian gas supplies ; ongoing crisis in Ukraine and enhancing security of transit concerns, a range of sanctions against Russia in relation to the Ukraine crisis – a list long enough to think of self-dependence policy rather than integration projects...
  • Part I: Redefining Energy Security for Europe and Beyond - 2 April 2015
    In this interview with European Energy Review, Ambassador Urban Rusnák, Secretary General of the Energy Charter, offers his insights on the development of the Energy Charter Process. While discussing the ongoing redefinition of energy security in global terms through the process of modernisation of the Charter, Dr Rusnák sheds light on the direct link between the latter and the newly established Energy Union initiative, as well as the role that the Energy Charter Treaty (ECT) can play in its framework...
  • Hydrocarbon Exploration, the Story of Greece and Croatia - 2 April 2015
    It is no secret that the recent decline in oil price levels has led most international oil companies into a process of rationalisation of their exploration and production projects. Anyone even remotely active in the industry is experiencing, in one way or another, the impacts of corporate restructuring, cancelation of projects and cuts in capital expenditure...
  • Aftermath Of US Shale Gas - Oil index Or Decoupling? - 2 April 2015
    Liquefaction of natural gas requires huge capital upfront investment; therefore LNG producers in an effort to protect investment and to satisfy their bankers enter into long term sale purchase agreements. In the absence of developed natural gas markets, the pricing mechanism more or less directly links with agreed crude oil prices. Therefore, LNG prices in various markets tend to directly or indirectly correlate with the oil prices with some lags...
  • Will the Market Stability Reserve do the trick? - 19 March 2015
    In February 2015 the European Parliament’s Environment Committee voted for reform of the European Union’s flagship Emission Trading System (ETS). To address the chronic problem of an oversupply of carbon allowances, and to signal that it is serious about fighting climate change, the committee approved a proposal to park millions of carbon allowances in a Market Stability Reserve (MSR), starting on 31 December 2018...
  • Greek Energy: Now Is Not The Time To Waiver - 19 March 2015
    The first address of the new Greek Minister for Productive Reconstruction, Environment and Energy, Panayiotis Lafazanis, to the industry and international stakeholders took place at the Athens Energy Forum on the 11th of March, prompted mixed reaction amongst the audience...
  • The 2014 Ukrainian crisis: Europe's increased security position - 19 March 2015
    For those following the evolution of the energy sector, 2014 has been a year of changes. Tensions have increased, dropped and moved from one segment to another with deals that had been in the air for the last decades being formalised in the midst of these ups and downs. At the core of these turns have been the tense relations between Russia and Ukraine that raised fears of an interruption such as the one in 2009 repeating in 2014 and later in 2015...
  • Energy: the beginning of a new era of transformation - 19 March 2015
    Only twelve months ago shale production was changing the energy industry in the US, from manufacturing competitiveness to traditional import/export flows and even established geopolitical arrangements. In Europe, many countries viewed shale gas as the only ticket out of Russian dependency. But things can change and fast and we are now in the middle of another major shift which is transforming everything again...

All articles published by European Energy Review are filed in our files section.

 

Recent blog posts
New Energy Publications
Files
Search Files
File:
Theme:
Country:
Author:
From:
To:
Text:
Calendar
Social media
Linked in banner
Follow us on Twitter
Follow us on Facebook
Advertisements
Special Report 2-2013
Published By
Elektor
European Energy Review receives Award for Excellence in Written Journalism
Log in | Register | Contact
Register now
Latest news: