Energy News  
OIL AND GAS
EU moves major funding toward energy strategy
by Daniel J. Graeber
Brussels (UPI) Nov 18, 2015


disclaimer: image is for illustration purposes only

Nearly 200 energy infrastructure projects across Europe will help diversify parts of the energy sector, while pulling others out of isolation, an official said.

The European Commission said Wednesday it adopted a list of 195 projects aimed at advancing energy security and climate objectives across the region. A budget of $5.75 billion has been allocated to the cause through 2020.

"Modern and reliable energy infrastructure is essential to allow energy to flow freely across Europe," Energy Commissioner Arias Canete said in a statement. "These projects will help us integrate our energy markets, diversify energy sources and routes, and end the energy isolation of some member states."

European leaders have called on members to have at least three different sources of natural gas as the region's sector depends heavily on Russia for supplies. Gas lines from Azerbaijan may help break Russia's grip on the energy sector, though Canete said earlier this year liquefied natural gas, sourced potentially from U.S. shale basins, may present a source of diversity with the right infrastructure in place.

Jerzy Buzek, chairman of European Parliament's committee on industry and energy, said diversification was a central part of energy security efforts. Projects like Russia's Nord Stream gas line system through the Baltic Sea, he said, is emblematic of the "over-dependence on a monopolist external supplier" that abuses "energy as a political weapon."

Russia in the past has cut off energy supplies running through Ukraine to the European economy because of contractual disputes with Kiev.

On the climate front, European leaders in October 2014 agreed to improve energy efficiency by 27 percent, expand the use of renewable energy by 27 percent and cut greenhouse gas emissions by 40 percent, all based on a 1990-level benchmark, by 2030.

Canete said the list of infrastructure projects will help European economies meet those goals.

"This list of projects will help ensure that our funds serve our goal of securing clean and affordable energy for Europeans."


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
Russian jets 'hunting' IS oil tanker trucks: defence ministry
Moscow (AFP) Nov 18, 2015
Russia on Wednesday said its planes will attack any tanker trucks travelling through territory belonging to the Islamic State group in Syria, as Moscow looks to ratchet up pressure on the jihadists. "Today a decision was taken according to which Russian warplanes are now flying on a so-called 'free hunt' against tanker trucks carrying oil products belonging to terrorists in areas controlled ... read more


OIL AND GAS
RapidScat Celebrates One-Year Anniversary

Excitement Grows as NASA Carbon Sleuth Begins Year Two

NASA to fly, sail north to study plankton-climate change connection

Curtiss-Wright and Harris bring digital map solutions to rugged systems

OIL AND GAS
LockMart advances threat protection on USAF GPS Control Segment

Orbital ATK products enable improved global positioning on Earth

Galileo pair preparing for December launch

GPS IIF satellite successfully launched from Cape Canaveral

OIL AND GAS
Carbon accumulation by US forests may slow over the next 25 years

Scientists date the origin of the cacao tree to 10 million years ago

Increased deforestation could substantially reduce Amazon basin rainfall

Large landowners key to slowing deforestation in Brazil

OIL AND GAS
Increasing production of seed oils

Energy-efficient reaction drives ORNL biofuel conversion technology

Vast energy value in human waste

Chesapeake Bay Seed Capital Fund invests $150,000 in Manta Biofuel

OIL AND GAS
Lightsource to Launch Major Investment into India Solar PV Market

Benin tackles climate change with sunshine and coconuts

Increased potential for perovskites as a material for solar cells

Maximizing Competitive Advantage in Electricity Storage and PV Markets

OIL AND GAS
Prysmian Supplies Cables For The Niagara Wind Farm Project

New Jersey is next for offshore wind energy

Scotland hosting new type of offshore wind program

E.ON finishes German wind farm

OIL AND GAS
India revisits energy mix

Coal subsidised with 10bn euros a year in EU: study

Few bright spots for U.S. coal

Australian green group to challenge India-backed coal mine

OIL AND GAS
Mountains may depart, says Tibetan filmmaker

China says making 'enormous efforts' against torture

UN watchdog questions China over allegations of widespread torture

Football: Boos, 'boo' signs for shared Chinese anthem in Hong Kong









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.