An updated briefing by the European Parliamentary Research Service is available.
Energy policy-makers from the EU and Japan are due to discuss topics that include electricity market design, renewable energy and energy efficiency policy, and energy research and innovation. They will also focus on the global liquid natural gas (LNG) market, in preparation for a bilateral Memorandum of Cooperation to promote the liquidity, flexibility and transparency of this market. They will meet today in Brussels as part of the EU-Japan Energy Dialogue. Full article…
The European Commission has approved under the EU Merger Regulation the creation of a joint venture by NIPIgaspererabotka JSC of the Russian Federation, TechnipFMC plc of the UK and Linde AG of Germany. The joint venture will be active in the provision of front-end engineering and design, project documentation and capital expenditures estimates, as well as engineering and services for procurement, construction, installation and commissioning of liquid natural gas plants on concrete gravity-based structures. NIPIgaspererabotka, controlled by SIBUR group, provides services for the oil and gas chain, petrochemicals and other industries on the Russian market. TechnipFMC offers services related to the oil and gas industry. Linde is active globally in industrial and medical gases, equipment, engineering and services sectors. The Commission concluded that the proposed transaction would raise no competition concerns as the joint venture will only operate in Russia. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.8497. (For more information: Ricardo Cardoso – Tel.: +32 229 80100; Maria Sarantopoulou – Tel.: +32 229 13740)
Source: European Commission
This year’s conference will gather again top level representatives from the European Institutions, regulatory authorities, international organizations and the natural gas industry. More than 380 participants attended the last edition. The 15th Annual Conference takes place at a crucial time for a high-level discussion on where today’s energy policy is going and it will allow to define the important role of natural gas, its infrastructure and the new developments in the gas business.
Update: an item on Energy Community has been added to the agenda. The agenda includes items on sustainable development, the Nord Stream 2 pipeline and the examination and finalisation of the EU-Japan MoU on LNG. There will be a discussion on the energy market design aspects of the Clean Energy Package, followed by an examination of topics on main questions raised at the EWP of 30 June on risk preparedness.
The study “Greenhouse gas intensity of natural gas” shows that natural gas reduces GHG emissions from passenger cars on a Well-to-Wheel (WtW) basis by 23% compared with petrol and by 7% compared with diesel. On the heavy-duty application, benefits compared to diesel are of 16% for CNG and up to 15% for LNG. Also in the maritime sector, overall WtW benefits are up to 21% compared to conventional HFO (Heavy-Fuel-Oil) fuels.
On 23-25 May, Vice-President for Energy Union Maroš Šefčovič will travel to Lithuania for the second Energy Union Tour. The Vice-President will meet Lithuanian President Grybauskaité, Prime Minister Skvernelis, the Ministers for Energy, Transport and Environment and other high-level political figures and members of the parliament. Among others discussion will focus on the Commission’s Clean energy for all Europeans package from November last year, the Energy Union’s governance and national energy and climate plans. The synchronisation of the Baltic States’ electricity grid with the continental European network will be an important item on the agenda. Further topics include the Liquid Natural Gas (LNG) terminal in Klaipeda and its role in the region. Ahead of the visit, Vice-President Šefčovič said: “Security of energy supply and internal market functioning are significantly improving in Lithuania. This is a result of the LNG terminal already functioning in Klaipeda, and the development of electricity links with Poland and Sweden. The construction of the gas interconnector with Poland will further contribute to secure supplies. Now, along with the other Baltic States the country needs to move forward with connecting its electricity grids with European networks”. Upcoming dates and more information on the 2017 Energy Union tour are available here. More information on the Energy Union is available here. (For more information: Anna-Kaisa Itkonen – Tel.: +32 229 56186; Anca Paduraru – Tel.: +32 229 91269; Nicole Bockstaller – Tel.:+32 229 52589)
Source: European Commission
Since 2010 the Eastern Mediterranean region has become a hotspot of international energy discussions due to a series of gas discoveries in the offshore of Israel, Cyprus and Egypt. To exploit this gas potential, a number of export options have progressively been discussed, alongside new regional cooperation scenarios. Hopes have also been expressed about the potential role of new gas discoveries in strengthening not only the regional energy cooperation, but also the overall regional economic and political stability. However, initial expectations largely cooled down over time, particularly due to delays in investment decision in Israel and the downward revision of gas resources in Cyprus. These developments even raised scepticism about the idea of the Eastern Mediterranean becoming a sizeable gas-exporting region. But initial expectations were revived in 2015, after the discovery of the large Zohr gas field in offshore Egypt. Considering its large size, this discovery has reshaped the regional gas outlook, and has also raised new regional cooperation prospects. However, multiple lines of conflict in the region continue to make future Eastern Mediterranean gas activities a major geopolitical issue. This study seeks to provide a comprehensive analysis of all these developments, with the ultimate aim of assessing the realistic implications of regional gas discoveries for both Eastern Mediterranean countries and the EU. Full article…
The European Commission has approved under the EU Merger Regulation the acquisition of joint control of Linde Power Machines LLC, a newly-established Russian joint venture company, by Linde AG of Germany and PJSC Power Machines of Russia. Linde Power Machines LLC will be active in engineering, production and distribution of stainless steel heat exchange equipment for natural gas liquefaction units as well as provision of related services and spare parts. Linde AG is an international gas and technology group active in industrial gases, medical gases, equipment, engineering and services sectors. PJSC Power Machines is a manufacturer of power generation equipment and other devices for power plants, in particular turbines and generators. The Commission concluded that the proposed acquisition would not raise competition concerns, as the joint venture will operate primarily in Russia and the transaction will not change the competitive landscape in the European Economic Area. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.8426. (For more information: Ricardo Cardoso – Tel.: +32 229 80100; Maria Tsoni- Tel.: +32 229 90526)
Source: European Commission