European Union energy ministers will discuss a proposal for stress tests on nuclear-power plants today as engineers in Japan battle to prevent a meltdown at a nuclear facility following the recent earthquake and tsunami.
OAO Gazprom, Russia’s natural-gas export monopoly said it’s “doing its best” to meet soaring demand from the European Union caused by freezing weather as some EU states report declining supplies.
Biofuels targets in the European Union could raise emissions of greenhouse gases because forests and wetlands will be destroyed to grow the crops necessary, nine environmental groups said in a study .
Natural-gas storage facilities across the European Union are full, European Commission spokeswoman Marlene Holzner told reporters in Brussels today.
The European Union regulator urged Bulgaria to amend its South Stream natural gas pipeline agreement with Russia to conform with EU law and make sure third parties are given access.
European Union policies to promote the use of biofuels for transportation will cost consumers as much as 126 billion euros ($166 billion) between now and 2020, two environmental groups said.
Austrian natural gas jumped by more than a third this week as Russian flows declined and freezing weather left about 250 people dead across Eastern Europe.
Oil rose to a nine-month high in New York after Iran said it halted some crude exports and investors bet that fuel demand will increase as Europe moves closer to bailing out Greece.
OAO Gazprom, Russia’s natural-gas export monopoly, said supplies to Europe are more balanced as customers lower fuel requests even as a cold snap claims more lives across the continent.
"We do expect both parties-- Russia and Ukraine-- to ensure that there are no gas interruptions and that gas supplies flow normally."
- Marlene Holzner on Jan 28, 2013