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EU leaders to discuss budget, green economy

- European Council’s summit starts amid profound divisions between interests of Western and Eastern European countries

home > General 12.12.2019 22:10

EU leaders to discuss budget, green economy

The European Green Deal and the EU’s next multi-annual budget will top the EU leaders’ summit agenda on Thursday.

The European Council is expected to give the green light for the European Commission’s roadmap for sustainable and just economic transition.

“Climate change is the number one priority for this afternoon’s meeting. I hope we will have an agreement and send a signal about the future of Europe”, Charles Michel, the president of European Council, told journalists at his arrival to the meeting.

Over the past two weeks since taking over the position from the previous President Donald Tusk, Michel paid a visit to several EU countries to discuss the governments’ opinion on the 2021-2027 EU Budget.

He warned that European heads of states and governments need to find a “balance between classical policies like cohesion, and new policies like migration, climate action and research.”

There is a clear divide between the Western and Eastern European countries on both questions.

The next EU budget proposes to spend less on economic development and cohesion policy, from which Eastern European economies have benefited in the past fifteen years.

At the same time, the plan suggests supporting green and sustainable economic transformation.

“It would be a strong signal if Europe was the continent that was going to be climate neutral by 2050, but we have to see how it goes”, German Chancellor Angela Merkel said in her doorstep statement.

Hungarian Prime Minister Viktor Orban acknowledged that climate change is a problem but said fighting it is a big challenge that costs a lot of money.

Hungary also supports the commission’s proposal on turning the continent climate neutral by 2050, but Orban thinks that it is not the “poor countries and the poor people” who have to pay the bill of the green growth strategy. He also expressed his support for nuclear energy.

Czech Prime Minister Andrej Babis also insisted on the importance of nuclear energy and sent a strong message to his Austrian counterpart.

“If the Czech Republic opts for climate neutrality, Austria won’t have energy”, he said.

Some 37% of Czech Republic’s energy production is based on coal plants, while 32% is supplied by nuclear energy.

Austria, which strongly supports clean energy in domestic production and European politics, buys a quarter of its total consumption from the Czech Republic.

The European leaders are expected to hold talks till late night on Thursday and continue the discussions on Brexit and the future of the Economic and Monetary Union on Friday.

By Agnes Szucs in Brussels

Anadolu Agency

energy@aa.com.tr


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21.05.2022 Electricity , Turkey , General

Brent oil prices slightly up on hopes of higher demand due to peak season

- Currently declining cases in Shanghai prompted hopes for better oil demand in China
20.05.2022 Oil , Asia , Americas , General

Spot market natural gas prices for Friday, May 13

- 1,000 cubic meters of natural gas on spot market costs 11,518.94 Turkish liras
15.05.2022 Natural Gas , Turkey , General

Spot market electricity prices for Sunday, May 15

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 978.77 million Turkish liras
16.05.2022 Electricity , Turkey , General

Turkiye's daily power consumption up 1.90% on May 13

- Electricity exports amount to 11,791 megawatt-hours and imports total 14,648 megawatt-hours
15.05.2022 Electricity , Turkey , General

US oil rig count up by 6 for week ending May 13

- Number of US oil rigs rises by 211 compared to one year ago
15.05.2022 Oil , Americas , General

Turkiye's daily power consumption down 0.85% on May 12

- Electricity exports amount to 11,982 megawatt-hours and imports total 14,709 megawatt-hours
13.05.2022 Electricity , Turkey , General

Russia's Gazprom will no longer use Polish section of Yamal-Europe gas pipeline

- Yamal-Europe gas pipeline has annual capacity of 33 billion cubic meters
14.05.2022 Natural Gas , Europe , Eurasia , General

Naftogaz CEO refutes Gazprom claims of inability to change gas transit point

- Gazprom changed transit point in October 2020, says Natofaz top official
12.05.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

Turkiye's fourth drillship to arrive on May 19

- "Cobalt Explorer" left South Korea on March 7
12.05.2022 Natural Gas , Finance , Turkey , General

Turkiye's daily power consumption up 16.4% on May 9

- Electricity exports amount to 8,930 megawatt-hours and imports total 9,840 megawatt-hours
10.05.2022 Electricity , Turkey , General

Spot market electricity prices for Saturday, May 7

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 526.33 million Turkish liras
06.05.2022 Electricity , Turkey , General

Spot market natural gas prices for Thursday, May 5

- 1,000 cubic meters of natural gas on spot market costs 11,847 Turkish liras
06.05.2022 Natural Gas , Stock Market , Turkey , General

Equinor extends drilling and services contracts worth $2 billion

- Contract extension for drilling has estimated value of approximately NOK 14B ($1.48B) and will offer work to around 2,000
06.05.2022 Finance , Europe , General

Global LNG trade up 4.5% in 2021 as economic recovery continues

- Out of global LNG demand, Asia continues as leading importing region
09.05.2022 Lng/Lpg , Turkey , Europe , Eurasia , Asia , General

Turkiye's daily power consumption up 22.3% on May 5

- Electricity exports amount to 13,263 megawatt-hours and imports total 13,437 megawatt-hours
07.05.2022 Electricity , Turkey , General

Germany unable to use second Nord Stream 2 line before 2028: Gazprom

- If Germany decides to put Nord Stream 2 into operation, only one line of dual pipeline will be used at 100% capacity, says Gazprom
05.05.2022 Natural Gas , Europe , Eurasia , General

High gas prices in 1Q22 reflected in Equinor's vast earnings

- War between Ukraine and Russia sends gas prices soaring in Europe
06.05.2022 Natural Gas , Finance , Europe , General

Poland ready to survive without Russian gas, but Bulgaria needs support

- Warsaw is capable of importing all its needs through LNG terminal and from its neighbors, says expert
29.04.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

Spot market electricity prices for Tuesday, April 26

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.25 billion Turkish liras
25.04.2022 Electricity , Turkey , General

Spot market natural gas prices for Sunday, April 24

- 1,000 cubic meters of natural gas on spot market costs 11,977.58 Turkish liras
25.04.2022 Natural Gas , Finance , Turkey , General

Hydro provides majority of Norway's power in March

- Norway produces 11.05 terawatt-hours of electricity in March
26.04.2022 Hydro , Europe , General

Turkiye's daily power consumption down 5.92% on April 24

- Electricity exports amount to 8,833 megawatt-hours and imports total 14,418 megawatt-hours
26.04.2022 Electricity , Turkey , General

Norway's oil production in March is below forecast

- Norway's preliminary oil production in March is 5.9% lower than Norwegian Petroleum Directorate's forecast
22.04.2022 Natural Gas , Oil , Europe , General

Italy's Eni, Congo Republic sign LNG deal

- Agreement covers increase in gas production in Congo, primarily through development of LNG project with start-up expected in 2023
23.04.2022 Lng/Lpg , Europe , Middle East-Africa , General

Revenue of Australian LNG company Santos up 99% in 1Q22

- Revenue increase due to stronger commodity prices combined with higher sales volumes
23.04.2022 Natural Gas , Finance , Lng/Lpg , General

Volvo Cars invests in extreme-fast-charging battery developer StoreDot

- Volvo Cars is the first premium car maker to invest in StoreDot
21.04.2022 Electricity , Finance , Europe , General

Nordex receives orders for 1.2 gigawatts of wind power in 1Q22

- Orders come from ten European countries, the largest of which are from Finland, Germany and Croatia
21.04.2022 Wind , Europe , General

Spot market natural gas prices for Monday, April 18

- 1,000 cubic meters of natural gas on spot market costs 11,955.92 Turkish liras
19.04.2022 Natural Gas , Finance , General

Turkiye's daily power consumption up 11% on April 18

- Electricity exports amount to 5,749 megawatt-hours and imports total 10,892 megawatt-hours
20.04.2022 Finance , Turkey , General

Land pipeline set for completion for Black Sea gas flow this November

- BOTAS will complete the measurement station and pipeline by end of 2022, says Turkish Petroleum Pipeline Corporation official
20.04.2022 Natural Gas , Turkey , General

Oil prices rise more 7% over fears of EU ban on Russian oil in week ending April 15

- EU is considering gradual ban on Russian fossil fuels, according to international media
17.04.2022 Oil , Europe , Eurasia , General

Spot market electricity prices for Saturday, April 16

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1,145 billion Turkish liras
15.04.2022 Electricity , Turkey , General

Spot market natural gas prices for Thursday, April 14

- 1,000 cubic meters of natural gas on spot market costs 11,923.64 Turkish liras
15.04.2022 Natural Gas , Turkey , General

Turkiye's daily power consumption up 0.24% on April 14

- Electricity exports amount to 12,218 megawatt-hours and imports total 11,948 megawatt-hours
17.04.2022 Electricity , Turkey , General

Norwegian LNG vessel to arrive in Turkiye on April 16

- Vessel is sailing under flag of Bahamas
14.04.2022 Lng/Lpg , Turkey , General

Algerian LNG vessel arrives in Turkiye

- Lalla Fatma N'Soumer vessel reaches destination at Turkiye's Aliaga LNG Terminal on Wednesday
13.04.2022 Lng/Lpg , Turkey , General

Cruise ship collides with oil tanker in Algiers port

- French ship 'Corsica Linea' collides with tanker of Algeria's Naftal Company as captain of ship loses control
11.04.2022 General

Russia-dependent Europe learns necessary lesson on energy security: Official

- 'We have policies that will yield results in the medium and long term', says Pinho, director at the European Commission's energy directorate
08.04.2022 Natural Gas , Energy Security , Europe , Eurasia , General

European ministers in Budapest call for more energy cooperation

- Europe needs emergency plan, says Slovakia's Deputy Minister of Economy Karol Galek
07.04.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

EU faces 'uncomfortable' truth about Russian energy

- As long as Europe relies on Russian energy, it is not fully in control of energy future, which needs to change, says Commissioner
07.04.2022 Energy Diplomacy , Europe , Eurasia , General

Spot market natural gas prices for Monday, April 4

- 1,000 cubic meters of natural gas on spot market costs 11,750 Turkish liras
05.04.2022 Natural Gas , Turkey , General

Spot market electricity prices for Wednesday, April 6

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.03 billion Turkish liras
05.04.2022 Electricity , Turkey , General

Turkiye's daily power consumption up 15.2% on April 4

- Electricity exports amount to 12,360 megawatt-hours and imports total 11,808 megawatt-hours
05.04.2022 Electricity , Turkey , General

Gazprom's natural gas exports decrease by %27 in 1Q22

- Gazprom's natural gas production in the first three months of the year did not change compared to the same period of the previous year
02.04.2022 Natural Gas , Finance , General

Spot market natural gas prices for Wednesday, March 30

- 1,000 cubic meters of natural gas on spot market costs 9,737.95 Turkish liras
31.03.2022 Natural Gas , Turkey , General

Spot market electricity prices for Friday, April 1

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 861.38 million Turkish liras
31.03.2022 Electricity , Turkey , General

Turkiye's daily power consumption down 1,85% on March 30

- Electricity exports amount to 9,793 megawatt-hours and imports total 7,322 megawatt-hours
31.03.2022 Electricity , Turkey , General

Rubles for gas switch will take time: Kremlin

- Russia will not immediately demand that buyers pay for its gas exports in roubles, says Peskov
31.03.2022 Natural Gas , Finance , Europe , Eurasia , General

Gas prices in Europe rise 13% after Germany announces emergency plan

- Germany activates 'early warning' gas plan amid tensions with Russia
31.03.2022 Natural Gas , Finance , Europe , General

Looking to replace Russia, Europe doesn't use LNG terminals at full capacity

- Last year, 380 million tons of LNG traded in the global market. About 80 million tons of this is purchased by Europe
29.03.2022 Natural Gas , Finance , Lng/Lpg , Energy Diplomacy , Europe , Eurasia , General

US, Europe's natural gas 'hope' to lead LNG exports by year end

- Currently 6 LNG terminals are operating in US, but more terminal expansions and new terminals are planned
25.03.2022 Natural Gas , Energy Diplomacy , Europe , Americas , General

Gas prices in Europe rise 22% after Putin's plan to use rubles in gas trade

- Prices rise following comments by German Chancellor Scholz on threat of further measures on Russia and Putin's plan to switch to rubles for gas trade
24.03.2022 Natural Gas , Finance , Europe , Eurasia , General
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