. Medical and Hospital News .




ENERGY TECH
Oettinger: EU wants Norway natural gas
by Staff Writers
Brussels (UPI) Mar 8, 2013


disclaimer: image is for illustration purposes only

Natural gas produced in Norway has a role to play in the European Union's low-carbon energy future, EU Commissioner Gunther Oettinger assured this week.

Amid warnings from Norwegian energy major Statoil that the European Union's low-carbon 2050 Energy Roadmap has created political uncertainty for further investments in natural gas infrastructure, Oettinger sought to reassure attendees at Tuesday's EU-Norway Gas Conference in Brussels that support for natural gas remains on the table.

"I strongly believe that whatever we do, fossil fuels will be part of the energy mix for a long time to come," he said.

The biggest customers for Statoil's natural gas are gas-fired electric power plants but competition from cheaper coal and state-subsidized renewable energy is prompting energy providers to rethink plans for more such facilities.

The situation moved Statoil Senior Vice President Rune Bjornson to tell the Financial Times this week that a lack of clarity in EU policies toward natural gas isn't helping.

"Continued political uncertainty around gas demand in Europe will ultimately have an effect on the willingness of producers, including ourselves, to invest in new gas supplies," he said.

Norwegian Energy Minister Ola Borten Moe told the Brussels conference his country will continue to be a "long-term, stable and reliable supplier of natural gas to Europe," the Norwegian news agency NTB reported.

"But," he added, "it is important for Norway and especially for the players who will develop and invest heavily in Norwegian gas production to have security attached to the market and that it fits with in political awareness, social consciousness and various policy documents."

Oettinger said Tuesday that natural gas is seen as "a willing partner" to the changes being sought under all the scenarios being considered for the 2050 road map.

"In various contacts with senior industry representatives, it is clear to me that natural gas will actively contribute to the development of the wider economy," especially the revitalization of Europe's industrial base -- if its prices remain competitive.

He cited Statoil's new pricing model as an example of what will be needed to complete in the European Union's single, open market for energy, saying, "Statoil is at the forefront of the pricing revolution which is leading (its) market share in Europe to grow."

Unlike Russia's Gazprom, which indexes gas prices to consistently high oil prices, Statoil has linked its gas prices to the spot market and sells more than half of its natural gas exports under such contracts.

That has led to the Norwegian company grabbing European market share from Gazprom and posting record sales in the continent.

Even so, European power companies are hedging their bets on gas-fired power plants as their profitability is coming under pressure.

German utility E.ON indicted last month it is considering partial closure of one of Europe's most modern gas-fired power stations in Irsching, Bavaria, the British trade publication Gas to Power Journal reported.

E.ON Chief Executive Officer Johannes Teyssen said the move has being made because "the rapid growth of renewables has made gas-fired plants largely uneconomic to operate.

"Even our newest gas turbines at Irsching power station face economic problems," he said. "Going forward, they'll likely operate far fewer than 2,000 hours per year and won't generate enough revenue to cover their costs. Under those circumstances, we could no longer justify their continued operation."

.


Related Links
Powering The World in the 21st Century at Energy-Daily.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




Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Get Our Free Newsletters
Space - Defense - Environment - Energy - Solar - Nuclear

...





ENERGY TECH
World leaders at Chavez funeral: Who's Who of US foes
Caracas (AFP) March 8, 2013
The gaggle of world leaders paying their last respects to Venezuelan President Hugo Chavez on Friday features a Who's Who list of US foes: Cuba's communist leader, Iran's nuclear provocateur and "Europe's last dictator." The late firebrand leftist cultivated close ties with a slew of anti-US regimes over his 14 years in power, trading weapons and oil to form an alternative bloc against the c ... read more


ENERGY TECH
Two years on, Fukushima suffers in nuclear shadow

Fukushima lags in Japan tsunami recovery: official

Living through a tornado does not shake optimism

Japan riled by WHO's Fukushima cancer warning

ENERGY TECH
China targeting navigation system's global coverage by 2020

Russian GLONASS space satellite group again at full strength

Tracking trains with satellite precision

USAF Awards Lockheed Martin Contracts to Begin Work on Next Set of GPS III Satellites

ENERGY TECH
After the human genome project: The human microbiome project

Walker's World: The time for women

Human cognition depends upon slow-firing neurons

Blueprint for an artificial brain

ENERGY TECH
Three man-eating lions killed in Zimbabwe

Poaching pushing South African rhino towards edge

Ruthless crime gangs driving global wildlife trade

Marauding lions kill two in Zimbabwe

ENERGY TECH
Myanmar shelter offers refuge for HIV patients

Daily-dose HIV prevention fails for African women: study

HIV 'cure' in infancy, caution experts

Cambodia orders action to stop deadly bird flu

ENERGY TECH
Anger over attack on Hong Kong journalists in China

Tibetan self-immolators inspire Chinese painter

Chinese activist now in US: State Dept

China divorces spike to escape property tax

ENERGY TECH
US court convicts Somali pirates in navy ship attack

Ukraine to join NATO anti-piracy mission

16 gunmen killed in Thai military base attack: army

Japan police arrest mobster in Fukushima clean-up

ENERGY TECH
Walker's World: Euro crisis returns

S. America at risk from slow growth: Fitch

Australian central bank computers hacked

China says bank lending shrank in February




The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal 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. 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. Privacy Statement