Subscribe free to our newsletters via your
. Space Industry and Business News .




OIL AND GAS
EU gas security at risk, commissioner says
by Daniel J. Graeber
Brussels (UPI) Feb 17, 2015


disclaimer: image is for illustration purposes only

Members of the European Union are at risk from a Russian gas supplier that views energy as a political tool, the European energy commissioner said Tuesday.

European markets get about 20 percent of their natural gas needs met by Russia, though most of that gas runs through the Soviet-era transit network in Ukraine. Simmering conflict, despite a recent cease-fire agreement, and ongoing debt rows between Kiev and Moscow expose a layer of vulnerability in the European economy.

EU Climate Action and Energy Commissioner Miguel Arias Cañete said energy diversity means energy security for member states.

"Without swift and decisive action, member states will remain dependent on a single supplier that views the sale of gas not simply as a commercial matter, but as a political weapon," he said in an address to policymakers in Brussels.

Contractual rows between Kiev and Moscow resulted in gas supply disruptions for Europe in 2006 and 2009. In response, member states have backed a series of alternative pipeline options covered under the banner of a string of projects dubbed the Southern Corridor.

Even then, Cañete said, member states will still be dependent on imports because of declining domestic production.

The steady drop in crude oil prices last year forced most major energy companies to cut spending on exploration and production in 2015.

Liquefied natural gas may be part of a comprehensive diversification strategy for Europe, Cañete said. That source may develop as a more viable option as bilateral trade negotiations with a gas-rich United States continue.

There are no free-trade agreements between the United States and potential European partners. Special concessions are needed to ship LNG to countries without such agreements.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Crude oil markets extend rally
New York (UPI) Feb 16, 2015
Crude oil prices extended their rally into the third week of February as U.S. rig activity declined and Middle East violence escalated Monday. Brent crude oil prices continued their trajectory above the $60 mark, gaining nearly a full percentage point from the previous close to trade near $62 for the April contract. The contract for March expired last week. Brent prices have expe ... read more


OIL AND GAS
Mighty mollusc: Limpet teeth have super strength

Google, Mattel bring virtual reality to iconic toy

India overtakes China to become top global gold consumer

Measurement of key molecule increases accuracy of combustion models

OIL AND GAS
Russia to Launch Two Military Satellites in February

Navy orders additional LCS mission modules

U.S. EA-18G Growlers getting new electronic warfare system

Third MUOS Satellite Launched And Responding To Commands

OIL AND GAS
Soyuz Installed at Baikonur, Expected to Launch Wednesday

SpaceX launches deep-space weather observatory

SpaceX cargo craft returns to Earth

High seas force SpaceX to ditch bid to recycle rocket

OIL AND GAS
China, Russia strengthen satellite navigation cooperation

India Interested in Russia's Glonass Satellite Navigation System

Latest Galileo satellites reach launch site

PLA drill applies China's own GPS

OIL AND GAS
Egypt ends US arms 'monopoly' with French jet fighter deal

Lockheed Martin intros new sensor system

Upgrades ordered for Tiger helicopter simulators

France clinches first foreign sale of Rafale jets with Egypt contract

OIL AND GAS
One-atom-thin silicon transistors hold promise for super-fast computing

Electronics you can wrap around your finger

Extreme-temperature electronics

Scientists devise breakthrough technique for mapping temperature in tiny devices

OIL AND GAS
Mud Matters

NASA Study Shows Global Sea Ice Diminishing, Despite Antarctic Gains

ORCA Prototype Ready for the Open Ocean

Plant power from above

OIL AND GAS
Researchers develop new instrument to monitor atmospheric mercury

Chemical cloud over Spanish town after factory accident

Earliest evidence of large-scale human-produced air pollution in South America found

Choking in car fumes, Madrid locals curse pollution




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.