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Tag Archives: European Union

Spain gets EU consent to spend $2.4BN on shutting coal mines

MADRID (AP) — Spain has won approval from European authorities to spend 2.13 billion euros ($2.4 billion) on the closure of 26 coal mines by 2018. The government expenditure includes covering production losses as the uncompetitive mines wind down, providing financial support to laid-off workers through severance payments and social security benefits, and financing safety and other works after the ...

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European Union clears power deal between Danish operator, utility

European Union, DONG Energy

BRUSSELS (AP) — The European Union has ruled that an electricity deal between Danish utility DONG Energy and government-owned grid operator Energinet.dk doesn’t constitute state aid. Under the 2011-2015 deal, DONG, which is majority-owned by the government, was required to supply electricity at short notice to ensure the stability of the power grid. Competitors had complained to the EU executive ...

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Central, eastern Europe protest Russian gas pipeline project

PRAGUE — Slovakia’s economy minister says his country will join forces with other Central and Eastern members of the European Union to protest a recent deal to expand a pipeline that delivers natural gas directly from Russia to Germany. The plan, known as Nord Stream 2, already received angry reactions from some, including Ukraine and Slovakia, as the pipeline bypasses ...

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Transatlantic trade talks underway in Miami

U.S. and European Union officials are in Miami this week for the 11th round of negotiations on the Transatlantic Trade and Investment Partnership, a proposed U.S.-EU agreement that would govern about one-third of the goods and services traded in the world. This round of T-TIP negotiations, which are being held at the Hyatt Regency in downtown Miami, began Monday and ...

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AP Interview: EU climate boss says emissions cuts not enough

RABAT, Morocco — Europe’s climate chief has acknowledged for the first time that climate pledges made by national governments ahead of a major U.N. conference fall short of meeting the international goal of keeping global warming below 2 degrees Celsius (3.6 degrees Fahrenheit). In an interview Monday with The Associated Press, Climate Commissioner Miguel Arias Canete said the EU’s projections ...

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Latvia says plans to split gas monopoly in 2017

natural gas

RIGA – Latvia’s government finalized on Tuesday a plan to split its natural gas monopoly Latvijas Gaze to boost competition, in line with European Union rules, and said it would be completed in 2017. The plan sets the Baltic states on a collision course with its sole gas supplier, Russia’s Gazprom, which has a 34 percent stake in Latvijas Gaze, ...

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Gazprom seals big gas deals in Europe despite Ukraine crisis

FRANKFURT/MILAN – Russia’s Gazprom has bolstered its industrial presence in the heart of Europe with two major gas deals that were announced on Friday despite ongoing tensions with Moscow over the conflict in eastern Ukraine. The first of the deals, an asset swap with German chemicals group BASF that gives Russia greater access to gas trading and storage in Germany, ...

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