![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() by Daniel J. Graeber Washington (UPI) Sep 1, 2017
An association between the European Union and Ukraine, a country central to EU energy security, has entered into force, top officials at the EU said Friday. "Determination is a virtue," European Commission President Jean-Claude Juncker said in a statement. "Today, in spite of all the challenges, we have made it." Political upheaval that saw Kiev move closer to the European Union in late 2013 left a weakened Ukrainian economy in shambles. Russian energy company Gazprom cut natural gas supplies to Ukraine briefly in mid-2014 in response to unsettled debt. Similar rows in 2006 and 2009 left downstream consumers in Europe without gas supplies for part of the winter season. Europe gets about a quarter of its gas needs met by Russia, though most of that runs through Soviet-era gas transit networks in Ukraine, a former Soviet republic. Negotiations on the association agreement between the EU and Ukraine were signed in June 2014. Since then, Russia has proposed various pipeline options to circumvent Ukrainian territory, namely a gas network planned for the southern European market through Turkey. Gazprom, meanwhile, aims to double the capacity of its twin Nord Stream pipeline through the Baltic Sea to Germany. Europe, for its part, aims to draw natural gas from Azerbaijan's giant Shah Deniz offshore field, which would deliver resources through a network of pipelines dubbed the Southern Corridor by the end of the decade. Georgia, also a former Soviet republic, in 2014 opened a transport terminal for a pipeline tied to Shah Deniz and ratified an agreement in April to align its energy policies with the EU. The association agreement includes a comprehensive free-trade arrangement, which promotes deep political and economic links between Europe and the former Soviet republic. "There has been a historic change in the geographical structure of Ukrainian exports in favor of increasing its volume to the EU countries," Ukrainian President Petro Poroshenko said in a statement. "These are irreversible processes of integration of the Ukrainian economy into the EU market." The Ukrainian government last month outlined a strategy to get about half of its electricity needs met by nuclear power, 24 percent from hydropower and the rest from thermal-electric power stations by 2035. Most of the nation's coal reserves are found in Donetsk, an industrial city at the heart of the Ukrainian separatist movement.
![]() Washington (UPI) Aug 31, 2017 A new well in Norway's southern waters of the Barents Sea is targeting a prospect thought to hold 244 million barrels of oil equivalents, Lundin Petroleum said. Lundin's subsidiary in Norway said it started drilling an exploration well in the Børselv prospect in the southern Barents Sea. The company said the well is located near the proved Alta and Neiden oil discoveries and about 11 m ... read more Related Links All About Oil and Gas News at OilGasDaily.com
![]()
![]() |
|
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. |