Subscribe to our free daily newsletters
  Energy News  

Subscribe to our free daily newsletters

Europe ups energy security ante
by Daniel J. Graeber
Budapest, Hungary (UPI) Sep 9, 2016

disclaimer: image is for illustration purposes only

European energy leaders in Budapest signed off on grants to help bolster energy diversity schemes they said Friday were already having tangible results.

European Commission Vice President Maros Sefcovic and European Energy Commissioner Miquel Arias Canete met with 12 of their counterparts in Budapest to sign off on infrastructure and regional cooperation agreements.

Gas projects dubbed the Vertical Corridor – networks extending from Greece to Hungary – and a supporting grant of around $200 million were signed by minister in Budapest. European leaders said during the signing ceremony that multilateral work had already yielded results and further progress on energy security and diversity was expected.

"I'm glad that our cooperation in the region has produced tangible results: Bulgaria now has access to liquefied natural gas and Ukraine will soon have it too," Canete said in a statement.

The commission early this year supported Finland's plans to grant $31.5 million to build a terminal for LNG at the Hamina port on the country's southern coast. By ending energy isolation for Baltic states, the European body said the strategy is in line with regional efforts to improve energy security.

U.S. lawmakers have backed European gas diversification schemes, expressing concerns over Russia's grip on the regional energy sector. LNG supporters in the United States have said exports from domestic shale gas basins could eat into Russia's share of the European market.

Europe relies heavy on natural gas from Russia, the bulk of which runs through Soviet-era pipelines in Ukraine. Russia has proposed its own options to diversify export options, though the European Commission has objected on anti-trust ground.

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once

credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly

paypal only


Related Links

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Previous Report
NREL releases updated baseline of cost and performance data for electricity generation technologies
Golden CO (SPX) Sep 07, 2016
The Energy Department's National Renewable Energy Laboratory (NREL) has released the 2016 Annual Technology Baseline. In addition to updated data for utility-scale renewable and conventional energy technologies, this year's version includes cost and performance data for residential and commercial rooftop photovoltaics (PV) systems. "Having realistic and up-to-date technology cost data-avai ... read more

Europe ups energy security ante

NREL releases updated baseline of cost and performance data for electricity generation technologies

Chinese giant to buy Pakistani power company for $1.6 bn

Economy of energy-hungry India may face headwinds

Fuel cell membrane patented by Sandia outperforms market

Proton diffusion discovery a boost for fuel cell technologies

Scientists move step closer to solving fusion plasma dilemma

A first for direct-drive fusion

Statoil complements portfolio with more wind

Experts anticipate significant continued reductions in wind energy costs

Super-tall wind turbines installed offshore Britain

British low-carbon target in doubt

New perovskite research discoveries may lead to solar cell, LED advances

ARENA solar funding shines on - for now

MiaSole aims to revolutionize flexible ultra-light solar technology

ERC to revolutionize efficiency, cost and stability of thin-film solar cells

Work starts on two new Iran nuclear reactors

Russia's Rosatom Ready to Help Saudi Arabia Build Nuclear Reactors

Sealing the Deal: Turkey, China Launch Nuclear Cooperation Partnership

Rosneft and Gazprom Discuss New Joint Projects With Japanese Companies

Tapping the unused potential of photosynthesis

Fish 'biowaste' converted to piezoelectric energy harvesters

Body heat as a power source

Croatian Pig Farm Uses Synergies to Generate Energy

Tiangong 2 is coming soon, real soon

China's newly-launched quantum communication satellite in good shape

China Sends Country's Largest Carrier Rocket to Launch Base

'Heavenly Palace': China to Launch Two Manned Space Missions This Fall

California governor signs sweeping climate bills

Technology and innovation not driven by climate change

Grassland tuned to present suffers in a warmer future

Climate pact: After years of talk, focus shifts to action

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news 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. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. 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