In order to supply Europe with energy, while still meeting climate targets, we need to import natural gas, writes Lars O Grönstedt, senior advisor of the Nord Stream group which seeks to build a gas pipeline through the Baltic Sea. A few days ago four EU countries, along with Turkey, signed an international agreement that [...]

“Oil-prospecting” company RAG aims to store six billion cubic meters of gas by 2014, knowing that alternative domestic natural gas storage is gaining in importance. Power plants using natural gas are an effective backup to intermittent renewable power sources such as solar or wind energy, and can provide continuous backup energy while most conventional pumped [...]

As some of the Western economies such as the US, Greece, Spain, Portugal and Ireland still face a challenging future, Turkey’s ongoing privatizations are arousing considerable investor interest. Seen as a sign of confidence in the Turkish economy, the Privatization Administration’s announcement of privatization targets for 2010 have already been exceeded in the first eight [...]

The Turkish energy minister said on Friday that Turkey had already deserved to enter the European Union (EU) with its energy sector.  Speaking at a meeting on International Energy Agency’s (IEA) energy review on Turkey in capital Ankara, Turkish Energy & Natural Resources Minister Taner Yıldız said that Turkey had developed numerous projects aiming at [...]

Gazprom, the Russian energy giant, has warned its German customers that the current price for natural gas will double soon. By 2012, said Alexander Medwedjew, Vice President of Gazprom, to Financial Times Deutschland, prices for natural gas will have reached pre-crisis levels. Gazprom supplies more than one third of Germany’s natural gas consumption. Read more [...]