Europe > Energy

Energy in Europe

  • Trump To Promote US LNG Exports At Warsaw Summit

    POLAND, 2017/07/08 US President Donald Trump plans to promote US liquefied natural gas (LNG) exports at a conference next Thursday (6 July) in Warsaw with a dozen leaders from Central and Eastern Europe, a region heavily reliant on Russian supplies. In a speech on 29 June Trump hailed the start of a “golden era” that would see the US energy business assert its power abroad through a boost in natural gas, coal and petroleum exports.
  • EU Gives Tanzania U.S.$200 Million to Develop Energy Sector

    EUROPEAN UNION, 2017/06/06 The European Union, through the Energy for Increase and Sustainable Development programme, has given Tanzania €180 million ($200 million) to develop its energy sector. The bloc, working with the German Development Bank (KfW) and the French Agency for Improvment(AFD), is funding a €42 million ($47 million) electrification project in northwestern Tanzania, covering the Kagera, Geita and Kigoma Regions.
  • Bulgaria MPs Back Repaying Russian Nuclear Firm

    BULGARIA, 2016/09/24 The law proposed by the Bulgarian government on Tuesday, was adopted on a initial reading with the support of 132 out of 140 lawmakers on Wednesday. It allows the national electric company NEC to receive national aid in the form of an interest free loan and to use it to pay off its debts to Russia’s national nuclear company Atomstroyexport. This produced equipment for a power plant in the Bulgarian town of Belene that was at no time finished. In June, the International Court of Arbitration in Geneva ordered Bulgaria to pay over half a billion euros in compensation to the Russian company. During Wednesday’s session, the Minister of Energy, Temenuzhka Petkova, said the deficit posed a “very critical risk to the financial stability of the National Electric Company and the whole energy sector”.
  • Vincent de Rivaz, chief executive officer of EDF

    CHINA, 2016/09/04 China does not pose a security threat and the planned UK nuclear power plant project at Hinkley Point, in which China has a 33 % stake, should go ahead as any minute at this time as possible, Vincent de Rivaz, chief executive officer of EDF said. National-controlled EDF is the major contractor for the planned reactor in the southwest county of Somerset, with China's CGN providing an estimated 6 billion pounds of the 18 billion pound project. Writing in today's Sunday Telegraph Rivaz said: "We know and trust our Chinese partners. The control systems at Hinkley Point C will be isolated from major systems and the Internet."
  • Cyprus, Egypt sign gas export pipeline deal

    CYPRUS, 2016/09/01 Cyprus and Egypt signed a transaction on Wednesday paving the way for detailed negotiations on a submarine pipeline to export natural gas from the Mediterranean island to its energy-starved neighbour. Cyprus has been eager to fasten alternative ways to exploit its offshore reserves next proven finds so far were insufficient to make a planned liquefied natural gas plant on the island's south coast financially viable. Cyprus Energy Minister Georgios Lakkotrypis, and Egypt's Minister of Petroleum and Mineral Resources Tarek El Molla signed the agreement clearing the way for further negotiations on construction of the pipeline from offshore fields in Cyprus's exclusive economic zone to Egypt, where the gas will be used either for domestic consumption or re-export.
  • Georgia Ships High Enriched Uranium To Russia

    GEORGIA, 2016/01/03 The International Atomic Energy Agency (IAEA) has announced “an extra succcess in world nuclear non-proliferation efforts”, with the shipment of high enriched uranium (HEU) from Georgia this week. The 1.83 kg of HEU was removed from the Breeder-1 Neutron Source at Tbilisi National University in Georgia to a fasten storage facility in Russia. The Georgian government in June requested assistance from the IAEA for the HEU removal operation. The IAEA subsequently contracted LUCH, a subsidiary of Russian national nuclear corporation Rosatom, and the Tbilisi National University’s Andronikashvili Institute of Physics in Georgia for the removal.
  • Russia to Help India Build 12 Nuclear Reactors

    INDIA, 2015/12/26 Russia and India signed agreements on Thursday to boost cooperation in energy and defense, while New Delhi aims to modernize its armed forces and build a nuclear industry and Moscow seeks investment and new markets. Russian President Vladimir Putin told a joint briefing with visiting Indian Prime Minister Narendra Modi that Moscow supported New Delhi's "strengthening role in resolving world and regional problems". Russia is keen to develop and deepen its Soviet-era economic ties with India and sell new technologies to one of the world's fastest-growing economies at a time its own economy is stagnant, hit by Western sanctions and a plunge in world oil prices.
  • EU sees Caspian region as part of its core energy objective

    EUROPEAN UNION, 2015/11/22 The European Commission sees the connecting the EU energy market to the Caspian region, Central Asia and Eastern Mediterranean as one of the core objectives. EC's Vice-President Maroš Šefčovič in its speech at the National of the Energy Union press conference stressed a need to speed up work on infrastructure projects. He as well said that the European Commission’s second PCI (Project of Common Interests) inventory is additional focused (reduced from 248 to 195 projects) and much better aligned to the core objectives of the Energy Union, such as:
  • President Vladimir Putin shakes hands with Prime Minister Sheikh Hasina

    BANGLADESH, 2015/10/29 With strong relations dating back to the war of liberation in 1971, Bangladesh and Russia are seeing a closer and additional comprehensive partnership spanning over law and justice, counter terrorism, education, culture, healthcare and medical sciences, agriculture inclunding nuclear energy Bangladesh has historically very strong ties with Russia. In 1971 the former Soviet Union stood by the country in its journey towards independence, later supporting Bangladesh’s reconstruction and rehabilitation efforts and development of its war-damaged economy. Relations are set to expand rapidly with the proposed establishment of an intergovernmental commission for cooperation in the areas of trade, economic and scientific and technical issues.
  • Qingdao Xianchu Group, at a signing ceremony of the deal in Kiev

    CHINA, 2015/09/30 A Chinese company and two Ukrainian nuclear safety firms on Friday signed an agreement on cooperation in civil nuclear energy. In accordance with the agreement, Qingdao Xianchu Group of east China's Shandong Province, and Ukraine's National Scientific and Technical Center for Nuclear and Radiation Safety and the Institute for Safety Problems at the National Academy of Sciences agreed to launch cooperation in such areas as scientific nuclear research and disposal of spent fuel and radioactive waste.