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Natural gas

Macedonia tops list of energy reform implementation in the region

in ENERGY/EUROPE by

Macedonia is highly ranked in terms of energy reforms implemented by the Government and the Ministry of Economy. In the Report on Sustainable Development of the Energy Community, dedicated to the countries of the Western Balkans, the Republic of Macedonia is ranked first in the region in terms of progress in the implementation of energy reforms. Macedonia has the highest ratings on the list of six Western Balkan countries, in the area of energy efficiency, renewable energy, environmental protection, transparency and investment conditions in the field of energy.

Thanks to the dynamics of the energy reforms, Macedonia this year ranks first, and in the Report for Sustainable Development of the European Energy Community for June 2017, it was ranked in the group of countries with significant stagnation in relation to sustainable energy reforms. By the end of March, the Macedonian government approved the new Energy Law, proposed by the Ministry of Economy, and the adoption of this law mainly has an economic impact, since it marks the end of the monopoly and the granting of the right to choose consumers, which means that small and medium enterprises, as well as households, will have the right to choose a supplier of electricity and natural gas.

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The plan pipeline for transporting gas from Israel to Italy

in ENERGY/MIDLE EAST by

The Minister of National Infrastructure, Energy and Water, Yuval Steinitz told the management and board of the company Israel Gas Lines Company that it was considered the possibility of making it participate in the construction of a gas pipeline to export gas to the ‘Europe. Society plays a significant role in continuing to promote the connection of the economy to natural gas, and the involvement of a government project in this project is believed to increase the chances of it materializing. The plan to transport gas from Israel to Italy via Cyprus and Greece involves the construction of a subsea pipeline of 2,100 km, making it the longest submarine gas pipeline in the world. The construction cost, expected to be completed in 2025, is estimated at 25 billion NIS.

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Cooperation with France for gas trade

in ENERGY/EUROPE by

PJSC Ukrtransgaz and Powernext (France) intend to cooperate in the creation of spot and futures exchange markets for gas trading in Ukraine, the company’s press service has said, with reference to the signed memorandum. “For Ukrtransgaz, this is another step towards integration with European gas transportation operators, a further development of the gas market in Ukraine”, the report said. According to the press service, Powernext is the provider of the pan-European gas trading platform PEGAS, which allows market participants to sell natural gas at 12 hubs in nine countries. Today it is the main trading platform for natural gas sales in Europe. After establishing cooperation with the Central European Gas Hub (CEGH) in 2016 and integrating the Czech gas pipeline into the PEGAS platform in December 2017, Powernext began to integrate into Eastern Europe.

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The Gazprom and Naftogaz dispute

in ENERGY/EUROPE by

Gazprom will not be disputing the ruling by the Arbitration Institute of the Stockholm Chamber of Commerce regarding the contract to supply gas in the dispute with Ukraine’s Naftogaz, Alexander Medvedev, the Russian gas giant’s deputy CEO, told reporters. Gazprom filed an appeal with the Svea Court of Appeal (District 356) in Sweden on November 7 against an interim ruling by the Arbitration Institute of the Stockholm Chamber of Commerce on a claim regarding the gas supply contract dated January 19, 2009 and the partial cancelation of the contract. The interim ruling was made on May 31. The final ruling was handed down at the end of December.

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China’s natural gas imports hit record high in December as winter bites

in ASIA/ENERGY by

China’s natural gas imports soared to a record high in December to battle a winter supply crisis. Gas imports, including pipeline imports and tanker shipments of liquefied natural gas (LNG), came in at 7.89 million tonnes, 20 per cent above November’s previous record of 6.55 million tonnes, data from the General Administration of Customs showed. Imports for the whole of 2017 jumped 27 per cent from 2016 to a record 68.57 million tonnes. Crude oil imports instead eased sharply from November. December’s crude oil imports hit 33.7 million tonnes, or about 7.94 million barrels per day (bpd), compared to November’s 9.01 million bpd. Buying eased in December because refiners and fuel distributors drew on inventories after hefty stockpiling in the previous month.

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Egypt: the Zohr Field’s potential in the energy sector of Egypt

in AFRICA/ENERGY by

On 16 December the largest offshore natural gas field in the Mediterranean, the Zohr Field, that covers an area of 100 square kilometres, started production. It could bring Egypt to the goal of self-sufficiency in energy sector by 2018 and to the export of gas by 2019. According to the British Petroleum Statistical Review the Egyptian gas consumption amounts to nearly 5 billion cubic feet per day and its total daily production is almost 4 billion cubic feet but Egypt planned to stop importing the fuel by the end of next year.  Petroleum Minister Tarek Al-Molla declared that The Zohr Field, together with the other two fields of North Alexandria and Nooros will rise the gas production by 50 per cent this year and 100 per cent by 2020. The Italian Eni in 2018 will invest into Egypt $3.5 billion, that corresponds to half the company’s annual investments. Recently the country has adopted several economic reforms in order to attract foreign investments, including  floating the currency and cutting subsidies. In addition the gas pricing formula is flexible instead of fixed as it was in the past. According to the law 196 the private sector can transport, store, market and trade natural gas using the country’s pipeline network, moving away from state monopolies.

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Industrial Energy Consumers Urge Postponement of New Natural Gas Rates

in EUROPE/PRESS RELEASE/REGIONS by

The Bulgarian Federation of Industrial Energy Consumers (BFIEC) have sent a letter to Prime Minister Boyko Borissov and Deputy Prime Minister Tomislav Donchev warning them of grave consequences from a contemplated change in the rates for transmission of natural gas from October 1, 2017. The letter, which was also sent to the news media, says that the matter has been discussed many times with the Energy Minister and the energy regulator but the position od the BFIEC has been ignored. “What was proposed is only a partial delay of the price increase and this is no solution”, the Federation says. BFIEC say that while they are not against the requirements for transposing the EU rules, they believe that this cannot be a goal per se and that the key principles for proportionality and nondiscrimination should continue to apply. “Considering the specifics on the Bulgarian energy market, we categorically call for postponing the proposed model until a realistic and comprehensive impact assessment is prepared with the participation of all stakeholders and the flaws are eliminated”, the Federation says. They tell the Prime Minister and his deputy that as these flaws impact the fundamental development, liberalization and functioning of the natural gas market, they might resort to “measures which are unusual for the industry and organize protests”.

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