The Netherlands, Europe’s second- largest gas exporter, may become an importer by 2025 as output falls from its Groningen province and progress in unconventional sources stalls, the International Energy Agency said.
The Obama administration’s announcement yesterday that it was delaying a ruling on the Keystone XL oil pipeline drew an angry reaction from supporters of the $5.4 billion project, including some who said it was designed to push the issue beyond the November election.
Tocardo International BV, a Dutch maker of turbines that generate power from water, said the market for installing its devices in rivers may be worth as much as 1 billion euros ($1.4 billion) in 10 years’ time.
Western nations probably won’t impose energy export-related sanctions on Russia amid escalating tensions in Ukraine as Europe has little alternative to Russian gas, according to Goldman Sachs Group Inc. and Citigroup Inc.
Russia and the U.S. traded barbs at an emergency meeting of the United Nations Security Council as a deadline passed for pro-Russian separatists to leave buildings they occupied amid escalating violence in eastern Ukraine.
Tensions rose in Ukraine’s eastern regions as gunmen seized two police stations and attacked three others, prompting the government in Kiev to accuse Russia of “external aggression” to destabilize the country.
Ukraine is reducing gas imports and halting payments for natural gas imports from Russia over price “aggression” before the world’s biggest exporter of the fuel cuts supplies, raising the risk of disrupted flows to Europe.