Europe & Eurasia
The least that energy traders should know about the FSMA
1 October 2000
It is unusual for Petroleum Economist to start any article with a disclaimer, but there is something about speaking to the Financial Services Authority (FSA) that induces paranoia.
The power of protest is not acceptable
1 October 2000
When four European Union member governments caved in to protestors, who were demonstrating against high fuel prices, by cutting taxes it brought only a mild rebuke from the European Commission and a request for the tax cuts to be explained. However, action is unlikely, or will take a long time.
High-level backing for PSAs
1 October 2000
President Vladimir Putin broke his journey to Japan in early September to attend a conference about production-sharing agreements (PSAs) that was taking place on Sakhalin Island in the Russian Far East. PSAs are one of the most important mechanisms for attracting outside investment, the president told delegates.
Presidential intervention
1 October 2000
More sabre rattling by the Commission
1 September 2000
The Commission has asked the French and Belgian governments why they haven’t introduced secondary leglisation to comply fully with the gas directive.
France gets busy
1 September 2000
The Great Game, still
1 September 2000
Europe wakes up to the energy question
1 July 2000
ENERGY is again back on the political agenda in Europe. Aside from connected issues, such as climate change, with which the EU has been concerned for some time, politicians in Brussels are looking seriously at the routes of energy supply to Europe.
Overwhelming power
1 July 2000
The European electricity market is gearing up for liberalisation and competition and the invasion of a risk management culture. Unlike in the Cavafy poem, there will be no last minute reprieve and the “barbarians” will come, to some countries faster than others. The UK, with Sweden and Finland, is at the vanguard of the encounter with fully free market forces and over the next six months will demonstrate the outcome of an “if you can’t beat them, join them” stance, writes Liz Bossley.
Doing GdF no favours
1 June 2000
THE FRENCH government’s politically motivated decision not to use the draft gas law to change the status of Gaz de France (GdF) and open its equity, as it had been tempted to do, will cause difficulties for the gas utility, already handicapped by the tardiness of the law which will not be enacted in time for the 10 August opening of the EU market.
High-speed gas deregulation in Europe
1 May 2000
The opening-up to competition of the gas markets of EU countries, legislated to start this August, is set to exceed the EU’s targets. But legislated opening does not guarantee the creation of lively, competitive markets.
The French are not ready
1 May 2000
The EU gas market must open to competition in three months’ time, but the situation in France remains a puzzle to industry and to other member countries.
Russia doesn’t like the competition
1 April 2000
Just when it looks like Turkmenistan is about to make the breakthrough into Western gas markets, the Russians make them an offer that they will have difficulty in refusing, reports Isabel Gorst from Ashkabad