Salvador Gabarro, the chairman of Spanish utility Gas Natural for 12 years until November 2016, died in the morning of March 17 in Barcelona at the age of 81, the company has announced. He was appointed a director of Gas Natural in July 2003 and its chairman in October 2004 and five years later...
A Spanish and Italian partnership is exploring a possible boost in natural gas purchases from producers based in Israel in an agreement that could increase output and bring a long-running legal fight in the Eastern Mediterranean to an end.
Интервью с Джорджем Пападопулосом, одним из советников Трампа по внешней политике. Он рекомендует Израилю забыть о Турции и сосредоточиться на Египте, а также говорит, что через три года США войдут в тройку лидеров по экспорту газа. Запомните 2016 год как время исторической значимости. США становятся важным игроком на рынке экспорта сжиженного газа, а к концу десятилетия выйдут на третье место в мире по объему экспорта, после Катара и Австралии», — говорит Джордж Пападопулос (George Papadopoulos), новый советник потенциального кандидата в президенты США от Республиканской партии Дональда Трампа.
It is a period of confusion. The recent financial results for the third quarter of 2015 are heaping pressure on oil and gas companies in a moment when European, American and Russian politicians are actively intervening in the debate about the Nord Stream II project and Ukraine is going through challenges...
Forecasts predict a cold winter, autumn is already having an impact on energy consumption (according to GIE data, several countries are already withdrawing gas from their UGS facilities), and many companies are looking at investments in countries were the sun still shines: after Eni’s discovery...
Восточное Средиземноморье стало зоной активной разведки газовых ресурсов, особенно после обнаружения трех месторождений у берегов Израиля и Кипра. Тем не менее недавно итальянская компания ENI нашла в египетских водах одно из крупнейших залежей природного газа, что может серьезно изменить расклад в региональной энергетике.
В Кишиневе ночью с 24 на 25 июля активисты общественных организаций, члены и бывшие члены оппозиционных партий разбили палаточный городок на улице Болгарской напротив дома олигарха Влада Плахотнюка. Запись Молдавский протест впервые появилась Рабкор.ру.
Соглашение по газу, которое правительство Израиля готовится подписать с газовыми монополистами "Делек" и Noble Energy, делает значительные уступки этим компаниям, которые могут снизить доходы от налогообложения на миллиарды шекелей.
Уже сегодня в Молдавии может погаснуть свет. У страны нет своей электроэнергии и своих электросетей. Она пользуется киловаттами, которые испанская компания Union Fenosa, владеющая проводами, покупает в Приднестровье - у Молдавской ГРЭС. Собственником электростанции является Интер РАО ЕЭС . Российский продавец обвиняет испанского покупателя в неплатежах и обещает задействовать рубильник. Крайним в этом истории оказался молдавский потребитель. Подробнее читайте на нашем сайте www.oilru.com
Egypt is looking to import natural gas from Israel. Once a net natural gas exporter, Egypt is now facing a severe energy crisis that is threatening more power outages and an increase in the price of electricity for the private and commercial consumer. A mismanagement of the country’s resources led to a domestic shortfall. Egypt previously exported gas to Israel and Jordan via the Arab Gas Pipeline. Several attacks to the pipeline in the aftermath of the 2011 revolution that toppled Husni Moubarak have led to the disruption in the flow of gas from Egypt to its neighbours. The disruption of gas has left the Kingdom of Jordan energy thirsty and with a spiking energy bill that is putting a strain on the economy and the government’s budget. Israel’s discovery of natural gas could not be more timely. Not only is Israel studying various options for the export of its gas found mainly in the giant Tamar (10 Tcf) and Leviathan (21 Tcf) fields, but the country’s natural gas independence is now secured for decades to come. Importing natural gas from Israel would make both technical and economic sense for Egypt. The gas would flow via pipeline in the opposite direction than it did historically. For Israel, exporting the gas to far-reaching market has proven tricky. The complicated geopolitical landscape in the region have made all scenarios, including pipeline, LNG and FLNG, complex. Israel has expressed its regional strategy, starting by exports to its surrounding: Jordan, Egypt and the Palestinians. Exporting gas to Egypt would also allow Israel to use Egypt’s unused export terminals to reach lucrative markets in Europe and Asia. Egypt’s Energy Minister Sharif Ismail confirmed to local media that importing gas from Israel was a possibility. He added that decisions on import are made with Egypt’s best interests at sight. The partners in the Leviathan and Tamar fields have signed MOUs to export natural gas respectively to BG’s LNG plant in Idku and to the LNG plant in Damietta, operated by Union Fenosa Gas. Recent regulatory hurdles in Israel have however made Israel’s regional ambitions questionable. A climate of uncertainty and hostility is surrounding the development of Israel’s offshore resources. In December 2014, Israel’s Antitrust Commissioner announced he was reconsidering an agreement that would have allowed Delek and Noble to pursue their partnership in the Leviathan and Tamar if they sold two smaller fields, Tanin and Karish. A final decision is expected by February 2015, but there is no doubt that the risk of the partners being qualified a cartel might deter international investors from participating in Israel’s gas developments, push Noble out and defer the development of the Leviathan further beyond 2018, and with it all the deals attached. Karen Ayat is an analyst and Associate Partner at Natural Gas Europe focused on energy geopolitics. She reads International Relations and Contemporary War at King's College London focusing on Natural Resources and Conflict. She holds an LLM in Commercial Law from City University London and a Bachelor of Laws from Université Saint Joseph in Beirut. Email Karen [email protected] Follow her on Twitter: @karenayat
Cyprus’ hopes of stepping into the gap opened up by Israel’s gas problems are at risk of foundering on collapsing gas prices, The Cyprus Weekly has learned. The opportunity for sales of Cyprus gas to Egypt appeared to increase on December 23, when Israel’s Antitrust Authority ruled that the partnership in the giant Israeli Leviathan field constituted a monopoly. Unless a solution is found, this could stop them exporting from Leviathan. The Leviathan partners had signed a letter of intent to supply the Idku plant in Egypt with 7bcm per year for 15 years. Problems with Israeli supply focused more attention on Cyprus’ talks to supply gas to BG’s Union Fenosa Liquefied Natural Gas (LNG) in Egypt from the Aphrodite field in Block 12. However, former chairman of the Cyprus National Hydrocarbons Company Charles Ellinas says that the oil-related drop in gas prices could have a negative impact on Cyprus’ efforts. MORE
Spain’s Repsol is “seriously thinking about” a possible sale of its $6 billion stake in utility Gas Natural Fenosa, while signing two agreements with the same company to secure supply of liquefied natural gas for 20 years. Repsol Chief Financial Officer Miguel Martinez said that the Spanish company could further rebalance its portfolio after the deal with Royal Dutch Shell agreed in February. The $6.7 billion transaction included LNG assets based in Bay of Biscay, Trinidad and Tobago, and Peru. “We are not in a hurry, but it is true, that is something we have to seriously think about,” said Martinez on Friday, referring to the sale of its stake in Gas Natural Fenosa. Repsol holds 30% of Gas Natural Fenosa’s share capital at 31 December 2012. Also on Friday, Repsol signed two contracts with Gas Natural Fenosa. ‘Gas Natural Fenosa and Repsol have signed two medium- and long-term gas supply agreement,’ reads a note released on Friday. According to the press release, Repsol will acquire 1 billion cubic metres a year of liquefied natural gas for a period of 20 years and 2 billion cubic metres of gas a year between 2015 and 2018. Repsol's Second Quarter Repsol beat forecasts for the first half of the year in the wake of good results in Brazil and Russia, reads a note released by the company on Thursday. ‘Net income during the first half of 2013 rose 2.6% to €1.054 billion. The increase is especially significant as the year-earlier period included earnings from YPF,’ reads the note referring to Yacimientos Petrolìferos Fiscales, a vertically integrated Argentine energy company, whose renationalization was initiated in 2012 by President Cristina Fernàndez de Kirchner. Results beat all the forecasts of the most important polls, both in terms of net profit and EBITA. ‘The Upstream unit consolidates the trend of earlier quarters, posting operating profit of 1.161 billion euros due to increased output,’ explains the company, adding that also the Downstream unit’s operating income increased (by 9.9% to €311 million). ‘The improved results are based on a strong performance from all of the company’s business units. Net income from continuer operations rose 4.7% to €945 million,’ adds the note. The company also surpassed its 2012-2016 divestment goals at the end of February following the agreement to sell to Shell LNG assets for $6.653 billion. ‘The transaction is expected be complete in the fourth quarter of the year,’ underlines the company. On the other hand, the operating income of Gas Natural Fenosa was €464 million in the first half of 2013, a fall of 2.3% ‘as higher wholesale gas sales margin were unable to make up for the lower contribution from Union Fenosa Gas and lower earnings of the electricity business in Spain due to the new tax regime.’ Gas Natural Fenosa said this week that it intends to rebalance its portfolio, increasing its activities abroad to compensate for weakness at home in the wake of recession and recent overhaul of the Spanish energy sector. Gas Natural Fenosa is not ruling out the possibility of legal actions over the measures. Earlier this month, Rajoy’s government announced it would introduce measures to reduce the gap between regulated power prices and generation costs. The Spanish government will promote price rises (3.2% in electricity bills for consumers) and cost savings measures, such as a cut in the fees charged by companies distributing and transporting electricity. The government will also scrap subsidies to renewable power producers.
Spain’s Repsol beat forecasts for the first half of the year in the wake of good results in Brazil and Russia, reads a note released by the company on Thursday. ‘Net income during the first half of 2013 rose 2.6% to 1.054 billion euros. The increase is especially significant as the year-earlier period included earnings from YPF,’ reads the note referring to Yacimientos Petrolìferos Fiscales, a vertically integrated Argentine energy company, whose renationalization was initiated in 2012 by President Cristina Fernàndez de Kirchner. Results beat all the forecasts of the most important polls, both in terms of net profit and EBITA. ‘The Upstream unit consolidates the trend of earlier quarters, posting operating profit of 1.161 billion euros due to increased output,’ explains the company, adding that also the Downstream unit’s operating income increased (by 9.9% to 311 million euros). ‘The improved results are based on a strong performance from all of the company’s business units. Net income from continuer operations rose 4.7% to 945 million euros,’ adds the note. The company also surpassed its 2012-2016 divestment goals at the end of February following the agreement to sell to Shell LNG assets for $6.653 billion. ‘The transaction is expected be complete in the fourth quarter of the year,’ underlines the company. On the other hand, the operating income of Gas Natural Fenosa was 464 million euros in the first half of 2013, a fall of 2.3% ‘as higher wholesale gas sales margin were unable to make up for the lower contribution from Union Fenosa Gas and lower earnings of the electricity business in Spain due to the new tax regime.’ Gas Natural Fenosa said this week that it intends to rebalance its portfolio, increasing its activities abroad to compensate for weakness at home in the wake of recession and recent overhaul of the Spanish energy sector. Gas Natural Fenosa is not ruling out the possibility of legal actions over the measures. Earlier this month, Rajoy’s government announced it would introduce measures to reduce the gap between regulated power prices and generation costs. The Spanish government will promote price rises (3.2% in electricity bills for consumers) and cost savings measures, such as a cut in the fees charged by companies distributing and transporting electricity. The government will also scrap subsidies to renewable power producers.
Молдавия договорилась с РФ и Украиной продлить на год контракты на поставку электроэнергии и сохранение ее цены
Молдавия договорилась с энергетическими компаниями Российской Федерации и Украины о продлении еще на один год контрактов на поставку электрической энергии потребителям республики и сохранении ее цены на прежнем уровне - 6,9 цента за 1 кВт/ч. Об этом на пресс-конференции в Кишиневе сообщил исполняющий обязанности вице-премьера, министра экономики Молдавии Валерий Лазэр. Он отметил, что, в частности, испанская компания RED Union Fenosa, обеспечивающая электроэнергией потребителей из центральных и южных районов Молдавии, продлит на год контракт с Молдавской ГРЭС, расположенной в Приднестровском регионе и принадлежащей российской компании Интер РАО ЕЭС . В то же время молдавская компания Energocom, отвечающая за поставки электроэнергии для нужд принадлежащих государству Северных и Северо-Западных электрораспределительных сетей Молдавии, подпишет контракт с украинской компанией ДТЭК Востокэнерго , входящей в ДТЭК - крупнейшую частную энергетическую компанию Украины. Подробнее читайте на нашем сайте www.oilru.com
MEXICO CITY -- Mexico is putting up wind power turbines at a breakneck pace and the expansion is pitting energy companies against the Indians who live in one of the windiest spots in the world. The country is posting one of the world's highest growth rates in wind energy, and almost all of it is concentrated in the narrow waist of Mexico known as the Isthmus of Tehuantepec, where winds from the Pacific meet winds from the Gulf of Mexico, spawning places so wind-blown that one town's formal name is simply "Windy." The largely indigenous residents of the Isthmus complain that the wind farms take control of their land, affect fish and livestock with their vibrations, chop up birds and pit residents against each other for the damage or royalty payments. They also claim they see few of the profits from such projects. President Felipe Calderon has made the inauguration of wind parks one of the main focuses of his administration's ambitious pledge to cut Mexico's carbon emissions by 30 percent by 2020, and on Tuesday – as he has done before – he stopped by the state of Oaxaca to inaugurate a new clutch of wind turbines, praising the extra income they provide for some farmers. "Yes, you can fight poverty and protect the environment at the same time. This is a clear example," Calderon said at the opening ceremony. But as in the past, he did so under tight security, as local protesters threatened to mar the inauguration. The president's office normally publishes a detailed schedule of his planned activities, but didn't do so with Tuesday's inauguration, keeping it under wraps until the event took place. So far in 2012, Mexico has posted a startling 119 percent increase in installed wind-power capacity, more than doubling the 519 megawatts it had last year, the highest annual growth rate listed in the magazine Wind Power Monthly's "Windicator" index. Mexico had only 6 megawatts when Calderon took office in 2006. While Mexico, with a total of around 1.3 gigawatts of wind power, is still a tiny part of the world's estimated 244 gigawatt capacity, it offers an insight into what happens when the industry focuses overwhelmingly on large farms dominated by large companies that are concentrated in a small, desirable area. It has been mainly Spanish firms like Iberdrola, Union Fenosa and Gamesa, and U.S. firms like Sempra Energy, that have built the huge wind towers that now crowd the Isthmus of Tehuantepec, leaving the local population feeling invaded. Only 4 of Mexico's 17 wind farms are located outside the isthmus. It raises the question of whether bigger is always better. "We are asking these multinationals to please get out of these places," said Irma Ordonez, an activist from the Zapotec Indian town of Ixtepec, Oaxaca. "They want to steal our land, and not pay us what they should." "When they come in they promise and promise things, that they're going to give us jobs, to our farmers and our towns, but they don't give us anything," said Ordonez, who traveled to Mexico City in October to protest outside the offices of a Mitsubishi Corp. Industry sources say the distrust is unmerited, given the potential benefits to the poverty-stricken farming and fishing towns on the isthmus. The latest battle focuses on a huge, 396-megawatt off-shore wind farm planned for a narrow spit of land in a lagoon near the village of San Dionisio del Mar, Oaxaca. A source close to the project, who was not authorized to speak on the record, said the project had been approved by village assemblies, would have little impact on fishing activities in the lagoon and would contribute an amount equal to about half the township's annual budget in coming years in compensation and royalties. But opponents and supporters engaged in a tense standoff outside the town in October, when a group of men blocked roads to prevent a planned demonstration against the wind farm. Saul Celaya, a Huave Indian farmer and San Dionisio resident, said the lagoon project would damage mangrove swamps where fish, shrimp and other sea life breeds, and scare off the fish that locals depend on. "Just when they were doing soil studies, there was a mass die-off of fish," Celaya said, adding that projects opponents "are being intimidated, they're afraid to leave their houses, they're threatened." The industry source denied the company was intimidating anyone, but acknowledged the project had suffered some delays due to disputes within the community. Others say it didn't have to be this way, big corporations pitting villagers against villagers. There are proposals to have local towns start their own wind farms, so that they could decide where they would be situated and where profits should go. Rodrigo Penalosa, an activist who supports the town of Ixtepec's proposed 100-megwatt community wind farm, noted that "the community has already approved it. The problem is that the (government) Federal Electricity Commission won't allow the community project to get access to the network.... but it does allow the multinationals access." Sergio Oceransky, whose Yansa Group is trying to help kick-start the community wind project, said the commission is asking for financial guarantees of millions of dollars "that no community in Mexico could meet." "These are requirements that are basically designed to ensure that only projects presented by multinationals can compete," said Oceransky, who claims that such guarantees are not required by federal law. The commission did not respond to repeated requests for comment. With a limited transmission capacity for the projects, and the last lots of line capacity being auctioned off, the situation is becoming critical; what could be a sterling example of alternative energy production is threatening to become a permanent political dispute in southern Mexico. "This is the last chance," Oceransky says.