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Germany pushes for int. energy transition cooperation

- Climate change does not stop at borders nor does energy transition, Germany's foreign minister says

home > Europe, General 09.04.2019 15:34

Germany pushes for int. energy transition cooperation

Germany's foreign and energy ministers urged cooperation in the global energy transition on Tuesday among countries around the world to sustain peace and protect economic wealth for citizens.

'Climate change does not stop at borders nor does energy transition,' Germany’s Foreign Minister Heiko Maas said at the opening the 5th Berlin Energy Transition Dialogue (BETD) where decision-makers, experts and high-level managers from more than 50 countries are gathering to discuss the progress of the global energy transition.

According to Maas, climate policy equates to security policy, and is a key topic for Germany and the United Nations Security Council.

He stressed that global challenges cannot be tackled single-handedly.

'Germany’s 40 percent of electricity production comes from renewables today, but much work still lies ahead,' he said.

The German minister suggested that energy transition would provide opportunities for many developing countries to take a lead globally.

'The change is on the horizon, but to see that change we also have to change ourselves,' he argued.

'This will require cooperation between governments, societies and industries. For many countries, Germany is a pioneer of energy transition, a role in which we will use more and more to speed up international progress,” Maas said.

Also speaking at the conference, Germany's Federal Minister for Economic Affairs and Energy Peter Altmaier also agreed that for energy transition to be successful, it needs to be rolled out on a global basis to be successful.

'A holistic approach requires the energy shift to be successful in all sectors and the socio-economic elements to be taken into account throughout. Continuing international cooperation is indispensable here,' Altmaier said.

'Let us jointly commit to multilateral cooperation and solidarity, and exchange experiences. Young people around the world dreamed of a future where they lived on a healthy planet and in wealth. We must not destroy the dream of our citizens,' he added.

The Berlin Energy Transition Dialogue is hosted and supported by the German Federal Government and is a joint initiative of the German Renewable Energy Federation (BEE), German Solar Association (BSW-Solar), the German Energy Agency (dena) and renewables consultancy eclareon.

Over 50 ministers and high-level delegations from over 90 countries, as well as representatives of industry and civil society, are attending the event.

Over the two days of the conference, they will assess the opportunities and challenges from the global shift to green energy. They will also discuss the geopolitical developments arising from energy transition, how it can be successful across all sectors, the role that digitalization plays in ensuring efficiency in the transition and how the resulting structural changes can be forged in a socially compatible way.

By Ebru Sengul and Bahattin Gonultas in Berlin

Anadolu Agency

energy@aa.com.tr


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27.05.2022 Natural Gas , Oil , Finance , Europe

TotalEnergies and South Korea's Hanwha ink 15-year LNG deal

- Hanwha to use LNG at its 1-gigawatt gas-fired, combined-cycle power plant
24.05.2022 Natural Gas , Lng/Lpg , International Relations , Europe , Asia

Wintershall Dea divests shares in Norwegian oil fields

- Company opts to divest shares in efforts to strengthen its position in gas and carbon management
23.05.2022 Oil , Europe , General

Lithuania halts Russian energy exports from Sunday

- Lithuania is first European nation to halt all imports of Russian gas in April
23.05.2022 Natural Gas , Europe , Eurasia , General

Gazprom to halt gas supply to Finland on May 21

- We have been carefully preparing for this situation, says Gasum CEO
21.05.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

European recession likely if Russia suddenly halts gas supply: Fitch

- 30% loss of natural gas supply would mean 2% GDP fall in eurozone, 4% in Germany, rating agency says
23.05.2022 Natural Gas , Finance , Europe , Eurasia , General

EU pledges $9.5B in macro-financial assistance to Ukraine

- European Commission proposes to set up reconstruction platform between donors to assist in rebuilding country
19.05.2022 Natural Gas , Renewable , International Relations , Europe , Eurasia

bp and Linde to jointly develop carbon capture project in Texas

- Project, which plans to open by 2026, will store up to 15 million metric tonnes per year
19.05.2022 Renewable , Projects , Invesments , International Relations , Europe

Russian gas flow to Europe via Ukraine drops 50% in last week

- Gas shipment to Europe falls after Ukraine halts gas purchases at Sokhranivka entry point and Gazprom stops use of Polish section of Yamal-Europe pipeline
19.05.2022 Natural Gas , International Relations , Europe , Eurasia

Italy’s ENI opens rubles bank account for Russian gas payments

- New payment procedure ‘not incompatible’ with EU sanctions
18.05.2022 Oil , News from companies , Europe

Russia to shift energy resources to non-European regions: Putin

- Europe's sanctions will harm European economy and increase Russia's oil and natural gas revenues, Putin says
18.05.2022 Natural Gas , Oil , Europe , Eurasia

EU issues guidance on Russian gas payments in rubles

- New guidance allows European companies to make payments to Russia without violating sanctions by fulfilling certain conditions
18.05.2022 Natural Gas , World , Europe , Eurasia

French Engie confirms readiness to convert to Russian payment system

- Statement comes after Russia, in retaliation against Western sanctions, introduces new payment system requiring euro, dollar conversion to rubles in Gazprombank
18.05.2022 Natural Gas , Europe , Eurasia

Oil prices battle supply concerns, recession fears in week ending May 13

- Oil starts week low as China fights COVID-19 leading to lower demand but ends higher as EU focuses on finalizing proposed ban on Russian crude
13.05.2022 Oil , Europe

Metal prices to increase with growing demand in coming years: World Bank

- Demand for metals for renewable energy infrastructure and electric vehicles likely to increase in near future, pushing metal prices up
14.05.2022 Renewable , Invesments , Renewable , Europe , Asia

Supply fears from pending EU crude ban push oil prices higher

- Drop in global oil supply fuels concerns of scarce production, driving prices higher
14.05.2022 Oil , International Relations , Europe , Eurasia

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

Oil and gas companies gamble on emission mitigation technologies

- Net zero targets are not enough for companies to be aligned with Paris, report warns
12.05.2022 Natural Gas , Oil , International Relations , Europe , Asia , Americas

Oil prices fall as global inflation rates solicit concern

- Ongoing Covid-19 lockdowns in China, world's top crude importer, continue to weigh on oil prices as demand for fuel drops
12.05.2022 Oil , Europe , Asia , Americas

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

Cero Generation combines power and agriculture in new solar plant in Italy

- As an agrivoltaic plant, 65% of 135 hectares site will be used for agricultural crops
12.05.2022 Solar , Projects , Invesments , Europe

Russian gas transit to Europe via Sokhranivka falls 25%: Gazprom

- Natural gas supplies via Ukraine decline from 95.8 million cubic meters to 72 million cubic meters on Wednesday, Russian gas firm says
11.05.2022 Natural Gas , Europe , Eurasia

Vodafone to power UK operations with local solar farm

- Solar farms to supply more than 100 gigawatt-hours of renewable electricity annually
11.05.2022 Renewable , Solar , Projects , Invesments , Europe

EU's gas usage plans may result in further €250B in bill by 2030 due to high prices

- EU's new proposal to cut reliance on Russia's fossil fuels will only cut bills by €47 billion, showing need for stronger renewables target
11.05.2022 Natural Gas , International Relations , Europe

Renewables set to break new record in 2022 despite supply chain challenges

- Growth mainly driven by solar PV in China and Europe despite supply chain challenges, delays and high raw material costs
11.05.2022 Renewable , Wind , Solar , Invesments , Europe , Asia

Solar power to enter 'terawatt age' by May with record installations in 2021

- In 2022, global solar is forecast to continue its decade-long record-breaking streak, installing more than 200 GW of solar for first time
11.05.2022 Finance , Solar , Invesments , Europe

Gas prices drop as Russia says sanctions will not affect gas payments from Europe

- Alternative supplies via liquefied natural gas and warmer weather ease pressure on natural gas prices
11.05.2022 Natural Gas , International Relations , Europe , Eurasia

US to temporarily suspend tariffs on Ukrainian steel for 1 year

- Steel mills must be able to export to continue as economic lifeline for Ukrainian people, US commerce secretary says
11.05.2022 World , Europe , Americas

bp pens deal with UK firm to convert waste plastics into petrochemical feedstocks

- bp will initially receive output of Clean Planet Energy’s first facility, currently under construction in Teesside, northeast England
09.05.2022 News from companies , World , Europe

Oil settles lower on blurry supply outlook ahead of plan to ban Russian oil

-China's pandemic restrictions, Saudi Arabia's decision to sell oil prices lower for Asian and European clients contribute to demand woes
10.05.2022 Oil , World , Europe

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

Russian oil import cuts to EU will be difficult in short-term: experts

- Crude oil volumes at risk from a complete EU embargo are estimated to be around 3.0 million bpd
08.05.2022 Oil , Energy Diplomacy , Europe , Eurasia

Enough raw metals to produce 14M electric cars globally in 2023, study shows

- Even if raw material supplies tighten and remain below battery factory capacity, 21M battery electricity cars could still be produced by 2025
08.05.2022 Electricity , Projects , Europe

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

Oil prices push $110 after EU proposes Russian oil ban

- Ban on crude oil to enter into force six months after adoption, and prohibit refined oil products by end of the year
05.05.2022 Oil , International Relations , Europe

BHP sells coal company shares to Australian Stanmore for $1.35 billion

- Japanese Mitsui holds remaining 20% share in BHP Mitsui Coal company
04.05.2022 Coal , Invesments , International Relations , Europe

ExxonMobil to sell Romanian upstream affiliate for $1 billion+

- Romgaz gets all shares in ExxonMobil Exploration and Production Romania along with interest in Neptun natural gas block
05.05.2022 Natural Gas , Invesments , International Relations , Europe

Oil prices rise on larger than expected drop in US oil stocks

- European Commission expected to announce details of EU's sanction plans against Russia later today
04.05.2022 Oil , Europe , Eurasia , Americas

EU Commission chief proposes oil embargo on Russia

- 6th round of sanctions would hit oil imports, banks, military officials responsible for Bucha massacre
05.05.2022 Oil , International Relations , Europe , Eurasia

OMV sells filling stations in Germany for €485 million

- OMV targets achieving net zero by 2050
04.05.2022 Transportation/Fuel Oil , Projects , Invesments , Europe

bp to invest up to $22 billion in UK energy system by 2030

- Company has various projects in pipeline from oil and gas to renewable energy and hydrogen production facilities in UK
04.05.2022 Oil , Renewable , Invesments , Europe

Germany signals green light for Russian oil embargo

- German economic minister calls on all EU countries to reduce their dependence on Russian energy as quickly as possible
03.05.2022 Oil , International Relations , Europe

Oil prices regain losses after Germany gives support to Russia oil ban

- European Commission expected to propose new package of EU sanctions this week
04.05.2022 Oil , International Relations , Europe , Eurasia

Shell buys renewable energy company for $1.55 billion

- Company targets net-zero emissions by 2050
03.05.2022 Renewable , Invesments , Europe , Asia

East Med. gas could substitute only 20% of EU's Russian gas imports

- Egypt is only country that exports gas in E. Med. currently, at about 10 billion cubic meters last year via its two LNG facilities
03.05.2022 Natural Gas , International Relations , Europe , Eurasia , Middle East-Africa

EU gas buyers on horns of dilemma as Russia insists payments in rubles

- EU officials say paying in rubles means breaching sanctions, though Germany imports highest amount of Russian gas
03.05.2022 Natural Gas , Europe

Electricity and gas bill rise in EU households in 2H21

- Cheapest electricity and gas per 100 kilowatt-hours is in Hungary at €10.01 and €3.05, respectively
01.05.2022 Electricity , Finance , Europe

Efforts to wean off Russian fossil fuels act as catalyst for clean transition acceleration

- Phasing out fossil fuels requires rapid and massive deployment of renewables as well as reducing demand
29.04.2022 Renewable , Europe

Greece to assist Bulgaria after Russia halts gas supply

- Moscow refusing to resume gas supplies to Bulgaria, Poland unless they pay in rubles
28.04.2022 Natural Gas , Europe , Eurasia

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

Algeria threatens to cut off gas supplies to Spain

- Moving gas exported to Spain to a different destination breaks contract, says Energy Ministry
28.04.2022 Natural Gas , International Relations , Europe

TotalEnergies expands US renewable portfolio with solar company acquisition

- Company has global target of achieving 100 GW of renewable projects in operation by 2030
28.04.2022 Renewable , Europe , Americas
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