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CommentWire
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Russian President Vladimir Putin has been quoted saying that by 2010 10% of UK gas demand is likely to be sourced from Russian imports. Whilst Russian gas will no doubt assume greater prominence in the UK over time, Mr Putin's forecast appears extremely bullish given the availability of geographically closer gas sources and is unlikely to materialize in the short to medium term.
Published By Datamonitor
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21 Oct 2005 |
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CommentWire
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Centrica, the parent company of British Gas, is subject to significant volatility due to the fact that it purchases gas from the UK wholesale market, the NBP. This volatility places utilities, including Centrica, under a great deal of pressure to pass changes in wholesale pricing through to retail customers in order to remain profitable.
Published By Datamonitor
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11 Jul 2008 |
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Expert View
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The global drive to improve the environmental profile of energy production continues, and the UAE has the potential to be a leader in this area, partly due to its natural geographical advantages. While no immediate changes can be expected, it is likely that nuclear and renewable power will play a significantly greater role in the federation's energy production activities over the longer term.
Published By Datamonitor
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25 Jun 2010 |
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Expert View
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On October 3, Ukraine and Russia signed a Memorandum of Understanding under which price increases for gas imports will be spread over three years. Although Kiev appears to have secured supply at a manageable cost, lack of detail in the agreement and turmoil in Ukrainian politics suggests the deal will have little impact in the long run.
Published By Datamonitor
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13 Oct 2008 |
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CommentWire
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In an attempt to establish itself as an exporter to the EU, Turkmenistan has announced plans to provide some of its 40bcm annual surplus of natural gas to the Nabucco pipeline project. Although this will allow the country to diversify its export markets, it will face numerous challenges to selling its gas to the EU, as it will have to bypass the two major players in the region, Iran and Russia.
Published By Datamonitor
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10 Dec 2010 |
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CommentWire
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In a bid to bolster its goal of becoming a major European gas hub, Turkey has entered into a deal worth around GBP1.75 billion with Iran, through which it will help to develop the region's massive South Pars gas field. Despite opposition to the deal on political grounds, the agreement will help to secure European energy supplies as alliances with Russia become increasingly risky.
Published By Datamonitor
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24 Jul 2007 |
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CommentWire
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As emerging renewable energy markets across Europe opt to cut their feed-in tariffs for photovoltaics in an attempt to curtail government spending, Turkey is introducing its first feed-in tariff support scheme for solar power, as well as wind, hydro, and geothermal technology. However, the new changes are unlikely to be enough to meet Turkey's ambitious renewables targets.
Published By Datamonitor
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14 Jan 2011 |
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CommentWire
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Tullow Oil has agreed farm-out deals with CNOOC and TOTAL, involving three exploration areas in Uganda. Upon completion of the transactions, Tullow, CNOOC, and TOTAL will each hold a one-third interest in the three areas. The companies are planning to make huge investments in the area, which have the potential to transform Uganda into a major African oil producer.
Published By Datamonitor
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06 Apr 2011 |
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Expert View
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As revolution sweeps through the Middle East and North Africa, the region's economic stability is increasingly at risk. It took only two days for Libya to descend into full-scale civil war, and Algeria remains on high alert. While the political mayhem is a threat to Europe's post-colonial legacy, Libya and Algeria stand out from the rest due to Europe's dependence on their oil and gas resources.
Published By Datamonitor
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23 Feb 2011 |
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Expert View
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Fear of another disruption to Russian gas supplies continues to stalk EU policy makers, despite Ukrainian prime minister Yulia Tymoshenko's insistence that her country has sufficient funds to meet monthly gas payments to Russia. This has made possible the passage of a new EU regulation demanding that states can meet 60 days of peak demand for gas, but seamless cross-border trade is the next step.
Published By Datamonitor
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03 Aug 2009 |
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