Tag: europe

U.S. LNG Exports Could Ensure European Energy Security

The ongoing crisis in Ukraine is a flashpoint for European and American leaders to reinforce energy security in Europe and redouble efforts to decrease Europe’s dependence on Russian natural gas.  Russia provides nearly one-third of Europe’s annual natural gas demand which totaled 18.7 trillion cubic feet (Tcf) in 2013. Ukraine is also the major conduit […]  More »

Gas carousel making Spain Europe’s biggest gas exporter

Spain overtook Norway in March to become the region’s biggest exporter of liquefied natural gas, but the southern European nation has never produced any of the fuel.  More »

Study: 16 percent of Europe’s gas flows through Ukraine

Sixteen percent of the Europe’s gas flows through Ukraine, according to a study by the U.S. Energy Information Administration.  More »

Four nations urge US gas exports amid Ukraine crisis

Ambassadors from Hungary, Poland, Slovakia and the Czech Republic made their appeal Friday in a letter to House Speaker John Boehner.  More »

Federal law blocking cheap Texas fuel from reaching frozen East Coast

As freezing weather drained stockpiles of propane to their lowest seasonal level in two decades on the U.S. East Coast this month, shivering New Englanders couldn’t tap abundant supplies sailing out of Texas. The reason? The Jones Act.  More »

Economist: US underestimating role of Middle East after shale

The International Energy Agency’s chief economist says the West is making too much of predictions that the United States will surpass Saudi Arabia as the world’s largest producer of oil.  More »

Shell sells Australian assets for $2.6 billion

Vitol Group agreed to pay about $2.6 billion for Royal Dutch Shell Plc’s Australian refinery and filling stations as Europe’s largest oil company accelerates asset sales.  More »

Oil slips below $98 after climbing to 2014 high

The price of oil slipped below $98 a barrel on Friday, backing off the 2014 peak it hit in the previous session on signs of stronger recoveries in the U.S. and Japan.  More »

Germany tax on own use of renewables is first in Europe

Germany is set to become the first nation inEurope to charge owners of renewable energy plants for their own use of electricity, part of Chancellor Angela Merkel’s effort to contain rising power bills.  More »

European green energy fears losing investments on ‘weak’ targets

Wind and solar power producers said they’re at risk of losing investment after the European Union’s executive arm scrapped proposals for a mandatory target on renewable energy in 2030.  More »

European Union relaxes renewables target

The European Commission is shying away from more ambitious mandatory renewable energy goals in its fight against climate change.  More »

Libya’s first oil expansion in 10 months aiding refiners

The first expansion in Libyan oil production in 10 months is poised to lower regional crude costs, boosting margins for European refiners that have been closing at the fastest rate in decades.  More »
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