COMMENT: EU energy investment drops as development obstacles rise
The European Commission, which aims to devise a “European strategy for sustainable, competitive, and secure energy,” published a green paper in March 2006 to that effect, suggesting that “Europe has not yet developed fully competitive energy markets.
EC proposes legislation to enforce utility unbundling
The European Commission has proposed enforcing full ownership unbundling of gas and electricity infrastructure via new legislation as one of its measures to help facilitate an internal energy market in Europe.
EBRD withdraws financial support for Sakhalin-2
The European Bank for Reconstruction & Development (EBRD) will not offer financial support for the controversial Sakhalin-2 oil and gas project in Russia following the change in majority control of Sakhalin Energy Investment Co. (SEIC), the company behind the $20 billion proposal.
EIA forecasts another wave of growth in US LNG imports
Despite declining volumes in the last 2 years, US LNG imports should experience another wave of growth in the next 2 years, the US Energy Information Administration predicts.
WATCHING THE WORLD: China courts Myanmar
Myanmar has recently been hitting the news, both for its oil and natural gas as well as for alleged human rights abuses.
House Democrats’ bill to repeal oil, gas tax incentive
US House Democrats introduced legislation on Jan. 12 to repeal a pair of oil and gas tax incentives and put pressure on holders of Gulf of Mexico deepwater leases issued in 1998 and 1999 without price thresholds to renegotiate terms.