Oil and Gas News from OilGasDaily.Com  
OIL AND GAS
EU still net energy importer
by Daniel J. Graeber
Brussels (UPI) Feb 4, 2016


disclaimer: image is for illustration purposes only

Members of the European Union imported more than half of their energy in 2014, data from the region's statistics office showed.

Eurostat, the statistics office of the European Union, said member states relied on imports for 53.4 percent of their energy needs in 2014, the last full year for which the office has data.

Data show the level of dependency on foreign reserves was higher than in 1990, but lower than peak levels reached in 2008.

"The evolution of EU energy dependency has not been constant between 1990 and 2014, however, it has continuously stood above 50 percent since 2004," Eurostat said in its release.

European efforts to reduce dependency vary from diversification schemes to fledgling shale natural gas campaigns in the United Kingdom. Output from North Sea basins, meanwhile, is dwindling as fields there start maturing.

The British government last week said it would help incentivize the North Sea energy sector as output declines and job losses mount. London, meanwhile, is working to advance a shale gas sector, stating that, without one, natural gas imports could increase from around 45 percent of demand in 2011 to 76 percent by 2030.

The British economy is among the least dependent on foreign reserves among member states, with 45.5 percent of its energy coming from outside the region in 2014, Eurostat said.

Europe is looking to Azerbaijan as a source of diversity for an energy market dominated by Russian natural gas supplier Gazprom. The Trans-Adriatic pipeline will start delivering gas from the Shah Deniz gas project offshore Azerbaijan in 2019. TAP would connect to the Trans-Anatolian natural gas project running through Turkey to the Greek border.


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

Previous Report
OIL AND GAS
Scotland offers more support for energy sector
Aberdeen, Scotland (UPI) Feb 2, 2016
Following plans to help energy workers with new training, the Scottish government said it was offering support to protect oil and gas companies from risk. "To help individual firms maintain their research and development during this difficult period, I am pleased to announce a further package of support," Scottish First Minister Nicola Sturgeon said in a statement. "Scottish Enterprise ... read more


OIL AND GAS
Germany says carbon emissions down sharply in 2014

Rapid, affordable energy transformation possible

Iraq inks $328 mn deal with GE to boost power production

Australian farmers to benefit from renewables boost

OIL AND GAS
Phosphine as a superconductor? Sure, but the story may be complicated

Researchers propose high-efficiency wireless power transfer system

Helping turn waste heat into electricity

Creation of Jupiter interior, a step towards room temp superconductivity

OIL AND GAS
Spain's Abengoa submits plan to avoid bankruptcy: source

UCR research advances oil production in yeast

Assessment aims to maximize greenhouse gas reductions from bioenergy

One-stop shop for biofuels

OIL AND GAS
India Connects First Unit of Kudankulam NPP to National Electric Grid

Sweden's Vattenfall results nuked by atomic energy tax

Germany reassured "for now" over Belgian nuclear plants

Britain says 'good progress' being made on nuclear plant

OIL AND GAS
Intact nature offers best defense against climate change

With climate, fertilizing oceans could be zero-sum game

Millions in drought-hit Ethiopia facing food shortages: UN

Uncertainties in tree-ring-based climate reconstructions probed

OIL AND GAS
EU lawmakers back diesel test loopholes despite VW scandal

SUVs rev up at Delhi auto show despite pollution crackdown

Renault opens first China factory

Dutch test first self-drive minibuses

OIL AND GAS
Iraq militia attacks may constitute war crimes: HRW

UN appeals for $861 mn in humanitarian aid for Iraq

'Many months' before start of battle for Mosul: coalition

Coalition adapts Iraq training to breach IS defences

OIL AND GAS








The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - 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. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. 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. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.