EU is finally becoming one copper plate
| |||||||
To Russia with love In early August, as most Europeans were enjoying their holidays, Energy Commissioner Günther Oettinger broke a taboo by making a significant political energy statement at a time when the EU is still busy discussing its energy strategy for 2020. He told journalists from Kommersant, one of Russia’s leading business newspapers, that ‘Russia’s stake in the EU’s gas market will in the medium-term perspective increase to 35%’. Our Brussels correspondent Hughes Belin wonders what this means for the EU's energy diversification policy - and for the Nabucco pipeline in particular. |
South Stream steals a march on Nabucco By Kash Burchett, Datamonitor Until recently, Europe’s booming demand for gas and its limited reserves made it plausible to argue that the Russian-backed South Stream gas pipeline and the EU-backed Nabucco pipeline could both be viable. However, now that the recession and diluted environmental commitments have reduced demand and the unconventional gas revolution has increased supply, the competition between the two projected pipelines has become a zero-sum game. Nabucco and South Stream have become engaged in a ‘winner-takes-all’ contest to supply Europe with gas. And recent developments suggest South Stream may have stolen a march on Nabucco. | ||||||
Dutch gas experts ready for global mission By Karel Beckman The major Dutch gas infrastructure companies have launched a unique non-profit company that stands ready to solve gas infrastructure problems anywhere in the world. The Global Gas Networks Initiative (GGNI), as it is called, is manned by just-retired senior gas experts eager to share their know-how and experience. The Dutch government supports the venture ‘for strategic reasons’. ‘If Dutch companies win tenders because of GGNI’s efforts then that would be a positive outcome of course.’ |
Navigating between Nabucco and South Stream By Ramiz Mammadov Italian energy giant ENI has come up with a proposal to transport gas in the form of CNG (compressed natural gas) by ships across the Caspian Sea from Turkmenistan to Azerbaijan. This looks like a clever move to facilitate both the EU-backed pipeline and its Russian-backed competitor South Stream, in which ENI has a stake. | ||||||
| |||||||
All articles published by European Energy Review are filed in our files section.