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EU Politics and Energy Transition

by Oui Sun Jan 2nd, 2022 at 04:12:06 PM EST

East dictates West and cuts Gazprom as source ... prefer Star Striped LNG tankers crossing the big pond to supply a subsidized New Europe.

Turkey extends operations of energy drill ship off Cyprus until mid-October | ME Monitor - Sept. 15, 2020 |

Recent Turkish Naval Harassment of Greece and Cyprus | JINSA - Oct. 2021 |

EU agrees to subsidise two major fossil gas pipelines, fails to kick fossil fuel industry out of decision-making

The TEN-E regulation lays out the process for identifying key energy infrastructure projects, including gas pipelines and LNG terminals, for funding and fast-tracking.

The final deal between negotiators from the European Commission, Council and Parliament agrees to subsidize and fast-track the Melita and EastMed pipelines.

The Melita pipeline has been linked to the man charged in relation to the murder of Daphne Carauna Galizia. The Maltese businessman Yorgen Fenech was previously a director of ElectroGas, the company that operates the Delimara power station, and along with his family owns a key stake in the company. He has denied playing any part in her killing. Galizia's family last week called on the EU to remove the project from the list.

Meanwhile the proposed EastMed pipeline depends on fossil gas extracted by a British-Israeli company whose founders participated in, and benefitted from, a banking scheme that allegedly helped crash the Cypriot economy.

The decision comes just weeks after the EU committed to phase out 'inefficient' fossil fuel subsidies as part of the final agreement of the COP26 climate talks.

Energean PLC UK - founded and run by Mathios Rigas and Efstathios Topouzoglou - struck a deal with the owners of the EU-backed EastMed pipeline in 2020 to transport the gas they plan to extract from Israeli waters into Greece via EastMed. For now, no other company has promised to use the pipeline, meaning its success depends on Energean's gas. Energean itself stands to benefit from the pipeline that would provide a crucial route to the European market for its gas. 

Energean: Israel-backed Greek oil company hungry for Mediterranean gas | Corporate Watch |

  • Energean's biggest shareholder is Third Point, a "vulture fund" owned by US billionaire Daniel Loeb that profited massively from gambling on Greek bonds during the country's debt crisis.
  • Energean claims to have a "clean" record in terms of oil spills - but it has only run one small field itself, which has not had recent environmental assessments. Its drilling partners include companies responsible for some of the world's most infamous oil disasters: for example, Halliburton, the Iraq War profiteer involved in Deepwater Horizon, the largest ever oil spill in North American waters.
  • Energean has close ties to the Israeli government and Israeli corporations. It is looking to acquire the disputed Gaza Marine gas field off the shore of the Gaza Strip. Its biggest lender is the Israel's Bank HaPoalim, which finances illegal settlements. One of its main shareholders is IDB Development Group, a holding company that owns numerous businesses implicated in the occupied Palestinian territories.
  • Energean has made a deal to sell all its current Greek oil production to one major partner: BP.

French and UK financial institutions financing companies profiting from the Israeli occupation of Palestinian Territories

Additional reading ...

Taking the EU out of the EastMed pipeline quagmire

Treading in a hot dispute with Turkey ...

The Battle For Control Of East Mediterranean Energy

by Oui on Mon Jan 3rd, 2022 at 11:15:54 PM EST
by Oui on Tue Jan 4th, 2022 at 07:37:20 PM EST
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German government struggles to unite on EU energy proposal | DW News |

The EU Commission's proposal to classify nuclear power and natural gas plants as "green" investments has sparked debate in Germany's new coalition government. Conflict is also brewing between EU states.

Natural gas transition

The pro-free market neoliberal Free Democrats (FDP), meanwhile, have pushed back against the criticism from their Green coalition partners.

"You're not a good European if you only accept decisions that suit you," FDP vice-chair Wolfgang Kubicki told German mass-circulation tabloid, Bild.

The coalition, he warned, has to "find a consensus on how we can achieve a balance between the goals of CO2 reduction and a stable energy supply."

FDP leader and Finance Minister Christian Lindner told the national Süddeutsche Zeitung newspaper that, realistically, Germany "needs modern gas-fired power plants as a transition technology because we're doing away with coal and nuclear power." He suggested modern natural gas plants could later be converted to operate on hydrogen.

The center-left Social Democrats (SPD) who are the strongest government party,  has also previously said that natural gas will play an important part in the energy transition and that should be reflected in the EU's green finance taxonomy.

EU fissure

The 27 EU member states now have until January 12 to comment on the Commission's draft. But it's unlikely that the proposal can be blocked. Besides Germany, only Austria, Luxembourg, Denmark, and Portugal have voiced criticism. 
Implementation can only be prevented if at least 20 EU countries (representing at least 65% of the total EU population) or at least 353 members of parliament vote against it.

by Oui on Mon Jan 3rd, 2022 at 11:16:58 PM EST
by Oui on Mon Jan 3rd, 2022 at 11:17:40 PM EST
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by Oui on Tue Jan 4th, 2022 at 01:33:42 PM EST

As China goes big, the US, France and Japan have reduced interest in nuclear power

by Oui on Tue Jan 4th, 2022 at 01:34:15 PM EST
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by Cat on Thu Jan 6th, 2022 at 08:22:17 PM EST
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by Oui on Tue Jan 4th, 2022 at 01:39:04 PM EST
by Bernard on Tue Jan 4th, 2022 at 03:41:23 PM EST
by Oui on Wed Jan 5th, 2022 at 11:58:03 AM EST
by Oui on Wed Jan 5th, 2022 at 11:58:43 AM EST
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by Oui on Wed Jan 5th, 2022 at 11:59:12 AM EST
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by Oui on Wed Jan 5th, 2022 at 04:30:31 PM EST
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by Oui on Wed Jan 5th, 2022 at 09:53:49 PM EST
by Oui on Wed Jan 5th, 2022 at 09:54:37 PM EST
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Kazakhstan protests: president denounces protesters as `terrorists' | The Guardian |

by Oui on Wed Jan 5th, 2022 at 09:55:21 PM EST
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He also asked help from Collective Security Treaty Organization, and it seems to be responding.

He has also already started to hit back: the airport is returning to normal after an anti-terrorist operation cleared it from rioters.

Considering the amount of small arms captured by the rioters and how freely they have used them to shoot security forces, I assume there will be a number of bodies before the situation clears. It's likely to pacify (and I really hope so) quite fast when the security forces actually put up a fight (with help of military, both local and foreign), but the president also wants to get the weapons back.  

by pelgus on Wed Jan 5th, 2022 at 10:15:29 PM EST
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Chinese firms' energy projects in Kazakhstan remain safe: sources

China has imported 4.02 million tons of natural gas from Kazakhstan from January to November in 2021, according to statistics from Chinese Customs. Natural gas imports from Russia totaled 10.82 million tons, and 21.92 million tons from Turkmenistan.

by Oui on Fri Jan 7th, 2022 at 02:46:01 PM EST
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Just got my new offer for gas- electricity per Feb. 1 ... tax rate on energy is 100% thus my tax increases from €135 to €315 per month ... the tax relief of €40 per month has already been deducted ... surely more US Congress sanctions on the Nord Stream 2 will help ... NOT! Stop the fools in America heading for a fascist regime in 2024.
by Oui on Thu Jan 6th, 2022 at 04:29:45 PM EST
Instead of pumping 3.9 bn m3 gas in final year, Rutte IV breaks promise and will pomp 7.6 bn m3 gas in 2022.

During the Mark Rutte years, gas exploitation in Groningen has hit a high until the earth protested .... too many quakes with billions of damages to homes, shops, churches and business in the three northern provinces ... promises, promises to lower the gas production and a complete halt in 2022. Until today that is ... sky rocketing gas prices, shutting down nuclear power in France temporarily and in Germany permanently. Our Eastern European EU allies causing trouble with Russia and the US Congress voting for harsher sanctions and keeping the gas transport shut down. Brussels has never shown any backbone and have dreams of a green energy future by building more nuclear power stations across the continent and buying gas from MENA countries, building new gas pipelines ...

by Oui on Thu Jan 6th, 2022 at 09:14:50 PM EST
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Dutch contract on 1.1 bn cubic meters gas delivery to Germany in 2022 is part of the increase ... thus Europe needs the delivery of 😎 Russian gas thru Nord Stream 2 ... sign the contracts 😣
by Oui on Thu Jan 6th, 2022 at 11:50:15 PM EST
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Environmental justice in spotlight as WH official advisor departs
She said that after many months of working on Biden's environmental policy, she needed time to rest and be with her family.
by Cat on Thu Jan 6th, 2022 at 09:35:31 PM EST
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I'm not a nuke fan, but shutting existing nukes down when you are currently relying heavily on coal seems like a pretty bad idea.

The time for a coal-to-gas migration strategy was a few decades ago. The time for nuke retirement is now--but only if you have already retired your coal plants and are ready to run entirely on solar and wind and batteries and hydro.

Summary: it's too late, we're doomed. I don't care what the Pollyannas say any more.

by asdf on Sat Jan 8th, 2022 at 01:41:28 AM EST
by Oui on Wed Jan 12th, 2022 at 03:40:43 PM EST
by Oui on Sun Jan 16th, 2022 at 08:29:57 PM EST
by Oui on Tue Jan 18th, 2022 at 08:30:23 PM EST

by Oui on Tue Jan 18th, 2022 at 08:31:38 PM EST
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by Oui on Tue Jan 18th, 2022 at 08:32:14 PM EST
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The big six energy providers don't need a bailout - nor do they deserve one | The Guardian Opinion |

by Oui on Thu Jan 20th, 2022 at 04:27:46 PM EST

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