Deputy Energy Editor, EMEA
Barbara's Feed
Jul 21, 2014

European sanctions on Russia seen limited for now, despite tough talk

BRUSSELS, July 21 (Reuters) – For all the tough talk, Europe
is not likely to punish Russia over last week’s downing of an
airliner over Ukraine beyond speeding up the imposition of
already agreed individual sanctions when the bloc’s foreign
ministers meet on Tuesday.

The severity of future European Union sanctions could depend
on the Netherlands, which suffered the greatest loss of life
when the Malaysia Airlines flight was brought down.

Jul 16, 2014

EU to target Russian firms with sanctions, block loans

BRUSSELS (Reuters) – European Union leaders agreed on Wednesday to sanction Russian companies that help destabilise Ukraine and to block new loans to Russia through two multilateral lenders.

The decision is a significant ratcheting-up of European pressure on Russia although it falls short of the hard-hitting economic measures against Russia for which the United States and hawks in the EU were pushing.

Jul 16, 2014

EU wants to block new loans to Russia through EIB, EBRD-draft

BRUSSELS (Reuters) – European Union leaders want to block loans for new projects in Russia by two multilateral lenders and broaden the scope of other sanctions in response to Moscow’s actions in Ukraine, according to a draft statement seen by Reuters.

The EU leaders, who meet in Brussels later on Wednesday, will step up sanctions because pro-Russian rebels in eastern Ukraine have not met their demands to end the violence there.

Jul 16, 2014

EU delays decision on Russian access to Opal gas pipeline

BRUSSELS, July 16 (Reuters) – The European Commission said
it had delayed indefinitely a decision on whether to allow
Russia greater access to the Opal gas pipeline in northeastern
Germany, even though its approval would improve the security of
gas supply to Central Europe.

Russian gas giant Gazprom has limited access to
the pipeline because of an EU law that seeks to prevent energy
suppliers from dominating infrastructure.

Jul 16, 2014

EU will work to block new loans to Russia through EIB, EBRD: draft

BRUSSELS (Reuters) – European Union leaders will work to block loans for new projects in Russia by two multilateral lenders and broaden the scope of other sanctions in response to Moscow’s actions in Ukraine, according to a draft statement seen by Reuters on Wednesday.

The EU leaders, who meet in Brussels later on Wednesday, will step up sanctions because pro-Russian rebels in eastern Ukraine have not met their demands to end the violence there, the draft statement said.

Jul 16, 2014

EU considers energy savings goal below 30 percent

BRUSSELS, July 16 (Reuters) – The European Commission is
considering an energy saving goal for 2030 of less than 30
percent, according to a document seen by Reuters, setting it at
odds with designated Commission President Jean-Claude Juncker.

How ambitious an energy efficiency goal the European Union
should set has taken on increased urgency in the context of the
Ukraine crisis because using less energy would curb the EU’s
reliance on Russian gas.

Jul 6, 2014

Bulgaria on brink of nuclear deal to reduce reliance on Russia

SOFIA/BRUSSELS, July 6 (Reuters) – Bulgaria, one of five EU
states that depend totally on Russia for nuclear fuel, is set to
take a step towards diversifying its suppliers when Westinghouse
Electric Company buys a stake in a state-controlled firm
building new atomic units.

Westinghouse, the world’s largest nuclear fuel producer and
part of Japan’s Toshiba group, has concluded talks with
the Balkan country to take a 30 percent stake in Kozloduy NPP -
New Build, which is building new units at the Kozloduy nuclear
site in Bulgaria.

Jul 3, 2014

EU’s Almunia says deal on German green energy law possible in July

BRUSSELS, July 3 (Reuters) – EU authorities are negotiating
with the German government to try to make its new green energy
law compatible with European Union legislation and a solution is
possible this month, the bloc’s competition chief said on
Thursday.

A ruling from the EU’s highest court on Tuesday raised hopes
in Germany that the revamped renewables legislation – which
shelters the country’s heavy industry from the cost of funding
green energy – was already in line with EU law.

Jun 27, 2014

French proposal on 2030 EU energy goals could ease deadlock

BRUSSELS, June 27 (Reuters) – A new French strategy on how
to offset the economic impact of proposed 2030 climate and
energy goals could help EU leaders to agree on them later this
year, diplomats said on the sidelines of a meeting of European
leaders in Brussels on Friday.

Coal-dependent Poland has led opposition to an early deal on
a suggested 40 percent cut in greenhouse gas emissions compared
with 1990 levels, which the European Commission, the EU
executive, has suggested as the EU negotiating stance ahead of
talks on a new global agreement on climate change.

Jun 26, 2014

EU leaders to urge action by Russia and threaten sanctions-draft

BRUSSELS, June 26 (Reuters) – European Union leaders will
urge Russia on Friday to stop the flow of weapons and militants
across its border with Ukraine and will threaten tougher
sanctions, according to a draft statement seen by Reuters.

EU officials said it was unlikely however that the leaders
would actually give the go-ahead to new sanctions at the summit,
when they will be briefed by Ukrainian President Petro
Poroshenko.