The end of February 2018 was marked by the victory celebration at the Ukrainian gas market as Ukrainian Naftogaz won the case on gas transit against the Russian Gazprom at the Stockholm Arbitrage Court. The Gazprom has to pay the Naftogaz USD 4.6 bn for violating the “take or pay” clause.
In his first parliamentary speech, PM Mateusz Morawiecki repeated many theses of the government. Some of them are wrong and contradict the experiences of other countries. Others, while right, stand in clear contradiction with the actual actions of the Polish government.
Energy transformation, Germany’s plan to transform the energy industry into a greenhouse gas-neutral energy supply, is no longer solely a federal government project. Local authorities are beginning to push ahead with energy transition focused on decentralized municipal energy concepts.
The draft of the Federal Government’s Climate Protection Plan 2050 leaves no room for balance. Instead of concentrating on the achievable, unrealistic goals are formulated. Instead of competition for the most efficient solutions, you will find lovingly detailed planned economies and high costs.
The Commission believes the transformation of electricity system and redesigned electricity market to have an added value to cross-border competition as well as to promote decentralized electricity generation (self-consumption and innovative energy service companies).
The short natural gas supply cut to Ukraine during the 2006 gas crisis and the 2009 dispute, in which Gazprom again decided to halt all gas supplies via Ukraine, not only contributes to a growing perception of the politicisation of EU-Russian gas trade but the reliability of Russia as an energy provider in general.
Energy industry is par excellence a major industry. Few businesses have larger money flows than energy. Thus, it is not unnatural that it draws attention of powerful people, public and politics. In 2000s Europe experienced major policy craze with renewable energy that is still riding the waves of popularity, albeit with first subtle hints of realism.
We have to create a comprehensive set of energy options that would leave us less vulnerable in the face of the power escalation with any potential adversary in control of a considerable energy resource.
We are delighted to present you the 2nd issue of 4liberty.eu Review devoted to the challenges Europe must face in terms of energy. The magazine is also available online. Read more and find out where you may find it!
2014 was the most difficult year for Ukrainian economy in the 21st century. Ukraine faced economic crisis and military conflict in the East, while Russia annexed Crimea. Real GDP is estimated to decline by near 7% in 2014 due to a drop in domestic demand and weak external demand.
