PGE Seeks Offshore Wind Partners
Polish state-owned power company Polska Grupa Energetyczna (PGE) has invited over a dozen parties to potentially cooperate with the company оn building up to 2.55 GW of offshore wind parks.The Polish power group said in a statement that it was looking for an experienced partner with knowhow in developing offshore wind farms.
Shell Sets Carbon Cutting Targets
Royal Dutch Shell caved in to growing investor pressure over climate change on Monday with plans to set short-term targets for reducing its carbon footprint.BP and Total have already set short-term targets, but Shell Chief Executive Officer Ben van Beurden had previously resisted setting hard goals…
Wind Beats Solar in Danish Green Energy Auction
Wind emerged as the most competitive power source in Denmark's first auction where wind and solar competed for state subsidies on equal footing to deliver power at the lowest price.Subsidies which have underpinned the growth of renewable energy are cooling as governments around the world opt for more competitive contract tenders…
Poland and Denmark to Build Baltic Gas Pipeline
Poland's gas grid operator Gaz-System and its Danish counterpart have given the final go-ahead to invest in building a gas pipeline linking Poland with Norway's deposits via the Baltic Sea and Denmark, Gaz-System said on Friday.The 900-kilometres (560-mile) pipeline, known as the Baltic Pipe, is a Polish project designed to reduce its reliance on Russian gas.
Heerema Fabrication Group Sells UK and Netherlands Yards
Dutch offshore construction and engineering company Heerema Fabrication Group (HFG) intends to divest a significant part of its activities in the field of design and fabrication of complex steel constructions for the offshore market.HFG has been struggling for some time with insufficient project volume and marginal profitability.
Poland Sees First Nuclear Power After 2030
Poland expects its first nuclear power plant to start operating after 2030 as the country aims to cut its use of coal in producing electricity, Deputy Environment Minister Michal Kurtyka said.The east European country, which hosts global climate talks in December, generates around 80 percent of its electricity from coal in outdated power plants…
Finland Eyes Imports of Piped Gas via Baltics, Poland
Finland could in future receive gas from Norway via a network of pipes being planned through the Baltic countries and Poland, as part of an effort to reduce its dependency on gas imports from Russia.Helsinki and Tallinn are constructing a gas pipeline under the Gulf of Finland to Estonia, called…
EU Lawmakers Set Energy Efficiency, Renewables Targets
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 climate accord to curb global warming.National governments now have until the end of the year to draft their own plans…
US warns sanctions still an option against Nord Stream 2
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 to the EU said on Tuesday.Asked if Donald Trump could take further measures to thwart a project which the president…
Poland Aims 8 GW of Offshore Wind
Poland has announced ambitious plans to develop 8 GW of offshore wind by 2035 and the country is working on laws that could support this project.Polish State Secretary for Energy Grzegorz Tobiszowski said the country has the potential to develop the capacity in the Baltic Sea up to 2035. "Poland will soon pass a law to this effect…
OMV Optimistic Denmark Will Approve Nord Stream 2 Next Year
Austrian energy group OMV , one of the companies that is financing the Nord Stream 2 pipeline, is optimistic Denmark will approve the project next year and the new gas transport route will start operations late 2019, its chief executive said.The pipeline, which will double the gas Russia can pump under the Baltic Sea to Germany…
Industry Groups Welcome Arctic Heavy Fuel Oil Ban
The Clean Arctic Alliance and indigenous groups welcomed the support given by member states to commence work on developing a ban on the use and carriage of heavy fuel oil in Arctic waters as the International Maritime Organization’s Marine Environment Protection Committee (MEPC 73) closed last week in London.Support for commencing work…
Poland's PGNiG Finalizes LNG Deal with U.S.' Venture Global
Poland's dominant gas firm PGNiG has finalised the terms of a deal to buy liquefied natural gas (LNG) from U.S. company Venture Global LNG, part of a move to cut reliance on Russian supply, the company said on Wednesday.PGNiG struck an agreement with Venture Global in June to acquire 2 million tonnes of LNG a year for 20 years…
Europe Gas Trade Volume on Track for Record in 2018
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 in a report on Friday.The British research company said slower trading in 2017 was followed by an upturn in the first…
Repsol to Buy LNG from Venture Global
Venture Global LNG announced that it has entered into a 20-year, binding Sales and Purchase Agreement (SPA) with Repsol for the supply of one million tonnes per annum (MTPA) of liquefied natural gas from the Venture Global Calcasieu Pass LNG export facility, currently under development in Cameron Parish…
BP Concerned Over Planned Merger of Poland's Two Biggest Refineries
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 official complaint with Polish or European Union authories but will consider its options in the future, a company spokeswoman said."If this merg
Equinor Bets on Offshore Wind
Norway's Equinor is focusing its green efforts on offshore wind, a goal it is already on its way to achieve, but some investors are concerned about the impact this shift will have on the company's bottom line.European oil and gas companies are diversifying their portfolio to include less-emitting sources of energy as a result of the Paris 2015 agreement…
Equinor Explores Floating Wind Turbines to Power N.Sea Oilfields
Norway's Equinor said on Tuesday it is considering whether to build a pioneering offshore wind farm with floating turbines to supply electricity to two North Sea oilfields as part of a strategy to curb greenhouse gas emissions.The project at the Gullfaks and Snorre oilfields would cost around 5 billion…
Poland and Germany Disagree Over Planned Russian Gas Pipeline
Poland, unlike Germany, strongly opposes Russia's plan to build a new gas pipeline across the Baltic Sea, and shares U.S. opinion that the project would help strengthen Moscow's market position, Polish foreign minister Jacek Czaputowicz said.Berlin has given political support to the building of a new…
Energa Considers Offshore Wind Farm Projects
Poland's state-run utility Energa is interested in developing offshore wind farm projects, the head of Energa's generation unit Piotr Meler told a press conference on Thursday.Speaking at the same event, Energa's deputy head Jacek Koscielniak, said Energa was not running any analysis regarding a potential merger with another energy group.(Reporting by Anna Koper; Writ
