Europe & Eurasia
PSA debate not over yet
1 July 2003
Legislation marginalising PSAs leaves the state worse off, not better, writes Andrei Konoplianik, deputy general secretary of the Energy Charter Secretariat and one of the chief architects of the PSA system. In the first of two articles, Konoplianik explains why PSAs are needed and why there may be life left in them
Breaking free of regulation
1 July 2003
The government has passed a new gas act designed to open the sector to competition – one of its obligations for EU membership. The changes look set to transform Mol’s prospects. Neil Barnett talks to Zoltan Aldott, group chief strategic officer
Gearing up for co-operation
1 July 2003
The European Union (EU) is starting to push the energy chapter of the Euro-Mediterranean Partnership (EMP) – also known as the Barcelona process – with conviction. James Gavin reports
Still in the hunt
1 July 2003
Gas Natural, the Spanish gas distributor, dropped its ambitious Euro25bn ($29.4bn) hostile bid for the power utility, Iberdrola, in May, after the country’s National Energy Commission vetoed the bid. But with some of the more aggressive European players still cash-rich enough to contemplate further acquisitions in the run-up to full European Union (EU) energy liberalisation in 2007, analysts predict more big gas-power tie-ups – whatever the regulatory obstacles national authorities may place in their path, James Gavin reports
Russia benefits from CIS deals
1 May 2003
Recent natural gas export/import deals signed by Russia, Turkmenistan and Ukraine suggest that after a decade of squabbling, producers and consumers in the CIS may be on the way to setting their huge gas-trading relationships on a more orderly and commercial footing. Isabel Gorst reports
Thinking aloud
1 May 2003
It should be make-your-mind up month in Moscow. The government and lawmakers are set to review the nation’s long-term energy strategy, decide the routing of oil exports from eastern Siberia and push forward a number of legal measures that could change the upstream landscape for investors. Various, often conflicting, interest groups are thinking out fragments of policy in the open, reports Isabel Gorst
East to West
1 April 2003
The Energy Charter has its origins in the post-Cold War era as part of an EU-backed attempt to ease energy supplies from eastern Europe to major Western markets. Today, it is negotiating an ambitious energy-transit protocol and trying to sign up Russia to the treaty. David Townsend spoke to the organisation’s Ria Kemper
More regulation
1 March 2003
The European Commission has presented a proposal for a new directive on investment services and regulated markets, which now includes commodity markets. Liz Bossley investigates whether the directive will lay a heavier hand on energy markets than the UK’s Energy Market Participants Regime
Looking for compromise
1 March 2003
The plan and the reality
1 January 2003
The European Union (EU) agreed a new deadline for opening its energy markets, in December. Although a victory in principle for liberalisation, at present there is anything but a level playing field in the EU gas and electricity markets. David Townsend reports
Enlarged energy
1 January 2003
The arrival of the first wave of new countries acceding to the European Union, in 2004, will change the energy landscape of the continent. David Townsend looks at some of the implications for the natural gas and electricity sectors from these newcomers
Taxing times
1 May 2002
Hard choices
1 March 2002
EU to spur deregulation
1 January 2002
A strong new impulse towards a rapid 100% opening of gas and electricity markets is expected to come from EU heads of state and government when they meet in Barcelona, in March, writes Helen Avati
Polishing the family silver
1 December 2000
Prior to last month’s party conference, Petroleum Economist spoke to Norway’s state secretary at the ministry of oil and energy, Bjørg Sandal, about the government’s thinking behind the proposed changes.
EU looks to secure Russian supply future
1 December 2000
The recent high-level political initiative for an EU-Russia “strategic energy partnership” has refocused attention on the need to establish a better legal framework for foreign investors in Russia. One of the main instruments available to achieve this aim is the Energy Charter Treaty. Dr Ria Kemper, secretary- general of the Energy Charter Secretariat, explains why completion of Russia’s ratification of this treaty is important for EU-Russian energy co-operation.
A liberating experience
1 October 2000
While there is some disparity between various member states on implementing the EU’s gas directive, the process is now firmly entrenched in the energy policies of most governments and the promise of a fully-liberalised energy market is now a reality.