Monday, December 10, 2018

European Union News

Croatia's HEP to Invest $1.85 bln in Renewable Energy by 2030

© Petkov / Adobe Stock

Croatia's state-run power utility HEP aims to boost renewable energy to 50 percent of its total capacity from the current 35 percent, investing 1 billion Croatian kuna ($153.96 million) a year on average until 2030…

German Conservative Questions Future of Russian Gas Pipeline

A key ally of German Chancellor Angela Merkel on Monday raised questions about the future of the Nord Stream 2 gas pipeline amid growing concern about Russia's seizure of three Ukrainian…

Tank Storage Association Cautious on EU's Approval of Brexit

Image: Tank Storage Association (TSA)

European Union (EU) leaders approved the agreement on the UK’s withdrawal and future relations with the EU.Tank Storage Association (TSA) recognises that the agreement still needs to…

​Most of Nord Stream 2 Project to be Paid for by 2019 - OMV CEO

Rainer Seele  (Photo: OMV)

The Nord Stream 2 gas pipeline project connecting Russia to Germany will be 70 percent paid for by next year, the chief executive of Austrian oil and gas company OMV said on Friday.The project partners will likely make anothe

EU Lawmakers Set Energy Efficiency, Renewables Targets

© vencav / Adobe Stock

European Union lawmakers on Tuesday targeted energy savings of 32.5 percent and a renewable energy uplift of 32 percent by 2030, in a push to meet the bloc's pledge under the Paris…

US warns sanctions still an option against Nord Stream 2

Pipelay of the Nord Stream 2 Pipeline has started in Finland (Photo: Allseas)

The United States could yet impose new sanctions to try to block construction of the Russian Nord Stream 2 gas pipeline across the Baltic Sea to the European Union, the U.S. ambassador…

Cano Limon Pipeline Hit by More Bombings

Colombian state-run oil company Ecopetrol said on Tuesday that three new bombings of the Cano Limon pipeline have caused contamination in several waterways in the country's northeastern…

HH Ferries Launches Battery-powered Passenger Vessels

Pic: HH Ferries Group

Swedish HH Ferries Group has inaugurated the two ferries Aurora and Tycho Brahe as the world’s largest battery-powered passenger ferries on the route between Helsingborg, Sweden and Helsingör…

RWE Freezes Plans for Tilbury Gas Plant in Britain

German utility RWE has frozen development of its Tilbury Energy Centre in Britain, which included plans for a 2.5 gigawatt (GW) gas plant, it said on Monday.Britain needs to invest…

Renewables Could Reach 38% of German Power Use

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Germany is on track to produce enough green power to cover nearly 38 percent of its electricity consumption this year, up from about 36 percent in 2017, energy industry group BDEW and research institute ZSW said on Friday.The

U.S. Allows Eight Jurisdictions to Keep Buying Iran Oil for Now

The United States said on Friday it will temporarily spare eight jurisdictions from U.S. Iran-related sanctions, allowing them to keep importing Iranian oil after U.S. economic penalties come back into effect on Monday.U.S.

GMN Promotes Technologies to Cut Shipping Emissions

Pic: International Maritime Organization

Practical efforts to implement ship energy-efficiency measures and promote technology transfer are an integral part of International Maritime Organization (IMO)'s initial strategy to…

EU Commits USD 341 million for Clean, Healthy and Safe Oceans

Pic: European Environment Agency, EU

The European Commission (EC) has announced EUR 300 million (USD 341 million) of EU-funded initiatives, which include projects to tackle plastic pollution, make blue economy more sustainable…

Cepsa Postpones Bumper IPO, Blames Market Rout

(Photo: Cepsa)

Spain's Cepsa postponed what would have been the largest oil company listing in a decade on Monday, the latest IPO to succumb to a global sell-off in equity markets.Cepsa's owner, Abu Dhabi state investor Mubadala…

Cyprus Seeks to Construct first LNG Import Terminal by 2020

© Igor Groshev / Adobe Stock

Cyprus has invited bids for the development of the country's first liquefied natural gas (LNG) import terminal, which it wants to be ready by 2020, a notice posted on a government procurement…

No-deal Brexit Will Not Interrupt Norwegian Energy Flows to Britain

© Stanislav / Adobe Stock

Energy exports from Norway to Britain will not be affected even if Britain leaves the European Union without a deal, Norway's energy ministry said on Friday."Energy trade is governed by bilateral commercial agreements.

Croatia Extends Bidding Deadline Again for Adriatic LNG Terminal

Croatia has again extended a deadline for submitting binding bids for the use of a planned floating liquefied natural gas (LNG) terminal in the northern Adriatic."The deadline has been moved from Sept. 28 to Dec.

Europe Gas Trade Volume on Track for Record in 2018

© Ben Schonewille / Adobe Stock

European gas trading volumes in 2018 may beat the record 51,000 terawatt hours (TWh) recorded in 2016 unless unseasonally warm weather prevails for the rest of this year, Prospex said…

BP Concerned Over Planned Merger of Poland's Two Biggest Refineries

Photo courtesy of PKN Orlen

The planned merger of Poland's two largest refiners PKN Orlen and Grupa Lotos could restrict competition in the east European country, BP said in a statement on Wednesday.The London-based oil and gas company has not filed any

Bosnia Adopts Long-Term Energy Strategy Key to Unlocking EU Funds

Bosnia's central government adopted a long-term energy strategy on Wednesday after years of political wrangling between its two regions, paving the way for major funding from the European…