Posted in Energy, Europe, Fossils, Policy on 2008-07-04 | No Comments »
Top officials at the Commission and one of Central Europe’s largest oil and gas groups 2 July called for progress to be made on the Nabucco project, which aims to reduce Europe’s dependency on Russian gas supplies. But they warned that its realisation would depend on “foreign policy scenarios”.
Business and Commission in plea for Nabucco [...]
Posted in Energy, Fossils, Policy on 2008-07-03 | No Comments »
In the face of high inflation rates and an eventful year, China is unlikely to bring domestic pump prices in line with their higher international counterparts in the near future. Instead, if crude oil prices continue their bullish run, authorities are likely to continue adjusting fuel prices by small increments periodically, while subsidizing the worst [...]
Posted in Economics, Fossils on 2008-06-26 | No Comments »
The Organisation of Petroleum Exporting Countries (OPEC) insists that there is sufficient oil on the market and that oil prices will continue to rise due to numerous problems unrelated to supply levels, according to comments made by OPEC officials in Brussels.
OPEC: Oil market ‘well supplied’, prices to climb further
Posted in Economics, Europe, Fossils, Policy on 2008-06-23 | 1 Comment »
EU Energy Commissioner Andris Piebalgs called for a partnership between producing and consuming countries to bring the price of oil per barrel to a “two-digit” figure, speaking at a summit in Jeddah, Saudi Arabia, on Sunday (22 June).
EU calls for lower oil prices at Saudi meeting
Posted in Economics, Europe, Fossils, Policy on 2008-06-20 | No Comments »
Amid the plethora of proposals, European heads of state and government were unable to overcome their divisions over how best to address soaring oil prices during the first day of the European summit in Brussels.
No agreement on tackling fuel prices at EU summit
Posted in Energy, Europe, Fossils on 2008-06-11 | No Comments »
Gazprom aims to become the “reference” energy supplier in France, Alexei Miller, the CEO, said in an interview in Le Figaro daily, without giving specific ambitions.
The target clientele initially will be companies in the sector plus small and mid-sized businesses, he said, adding that the market to private customers can be developed later.
“We believe [...]
Posted in CO2-Emission, Fossils, Policy on 2008-06-09 | No Comments »
The Group of Eight industrial powers said Sunday they hoped to launch 20 large projects to bury greenhouse gas by 2010 and aimed to broadly deploy the technology a decade later.
G8 energy ministers, meeting in Japan, said in a statement that Carbon Capture and Storage (CCS), [...]
Posted in CO2-Emission, Economics, Fossils on 2008-05-27 | No Comments »
The global market in CO2 emission rights could be worth two trillion euros (3.14 trillion dollars) by 2020 if the United States joins the scheme, analysis group Point Carbon said on Thursday.
The United States, which has not ratified the Kyoto Protocol that calls for the mechanism, [...]
Posted in Europe, Fossils on 2008-05-20 | No Comments »
The battle over energy liberalisation shifted to the gas sector when Parliament’s industry committee threw its weight behind France and Germany in their bid to prevent the forced break-up of large integrated gas groups.
Spotlight turns to gas in EU energy battle
Posted in CO2-Emission, Fossils on 2008-05-07 | No Comments »
UK Liberal MEP Chris Davies wants all existing fossil fuel power plants to be retrofitted with CO2 capture and storage technology by 2025, and is calling for a moratorium on new plant constructions after 2015 unless the facilities are able to prevent 90% of their CO2 emissions from entering the atmosphere.
MEP calls for mandatory CO2 [...]
