Blogroll


December 2006
M T W T F S S
« Nov   Jan »
 123
45678910
11121314151617
18192021222324
25262728293031

Data Warehouse


Meta:



Most Recent Posts

Other Links Donncha

December 13, 2006

NEW ZELAND: Energy measures too meek, Greens | # | P&E — MaT @ 1:38 am

The Government has unveiled a suite of policy options aimed at boosting clean energy and cutting greenhouse gases, but the Green Party says its approach is too meek.

  • Greater regulation favouring renewable energy.
  • Streamlining the resource consents process to allow better consideration of renewable energy projects’ national benefits.
  • Requiring energy companies to publicly show their emission levels.
  • Voluntary sector agreements to reduce emissions.
Mr Parker also unveiled a range of possible transport sector measures, including imposing mandatory average fleet efficiency standards on importers.

Under such a system importers bringing in gas guzzlers would have to compensate by bringing in enough small cars to meet the average standard.

Other transport options included introducing more renewable fuels to replace petrol and diesel and the promotion of plug-in electric cars, expected to become commercially available within five years.

Mr Parker said the Government was also establishing an $8 million a year contestable fund for companies to start wave or tidal electricity production and would relax restrictions on electricity lines companies in order to boost competition in the sector. If the range of proposed measures were successful they would reduce New Zealand’s emissions to 1990 levels by 2030.

Mr Parker said that would come with a cost, but the cost would be lower for New Zealand, which had large renewable energy resources, than the rest of the world. But Greens co-leader Jeanette Fitzsimons said the Government was setting its goals far too low.

For the world to avoid major climate change it needed to reduce its emissions by 60 per cent by 2030. More bold measures were needed.

"There is a stronger commitment by Government at the level of goals and principles. I have to say that is a lot better than what we’ve had before, but there’s no route for getting there," she told NZPA.

"There aren’t very many concrete actions and those that are there are like well we could do this' rather thanwe want to do this, do you agree’."

Ms Fitzsimons said the efficacy of many of the proposed standards would depend on the level at which they were set.

She encouraged people to make submissions on the strategy so strong standards were set and it was not hijacked by "vested interests". Policy decisions are expected to be taken next year and begin in late 2007 and in 2008.

Mr Parker described the draft strategy as a step towards Prime Minister Helen Clark’s "aspirational" goal of carbon neutrality.

However he acknowledged the strategy did not encompass agricultural emissions, which account for about half of the country’s greenhouse gases. Mr Parker, also Minister for Climate Change Issues, will release a related discussion paper on land use next week.

Reaction from sector groups to the draft strategy was mostly positive.

stuff.co.nz

Etiquetas: Manuel Torres Laveaga

digg2 Del.icio.us   enviar nota x email noticias politica petróleo energia opinion energyBLOG GoMeme BajaeNergy /energyBlog Imagen 7

RUSSIA Gazprom May Buy Half of Shell’s Sakhalin-2 Venture | # | P&E — MaT @ 1:37 am

OAO Gazprom said it may buy 50 percent in Royal Dutch Shell Plc’s $22 billion Sakhalin-2 project after months of Russian government pressure, helping President Vladimir Putin tighten his grip on the world’s biggest energy industry.

Gazprom may pay cash or a combination of cash and assets to buy as much as 50 percent or less of Sakhalin-2, Board Chairman Dmitry Medvedev said today. Medvedev, a former chief of staff for Putin, also serves as Russia’s First Deputy Prime Minister.

Talks are proceeding quickly and will be completed soon,'' Medvedev told reporters today in Moscow. </p><div> </div><p> Putin has used tax and environmental probes to restore the state's dominance over Russia's oil and gas supplies, the world's largest. Shell's Sakhalin-2 venture, Russia's biggest foreign investment, is key to the company's plans to increase production. </p><div> </div><p> Sakhalin-2 faces losing key construction permits on environmental grounds as shareholders negotiate a $10 billion budget increase with the government and the entry of Gazprom to the project. The venture is key to Shell's plans to revive output and boost reserves. </p><div> </div><p> An agreement with Gazprom would help Sakhalin-2 resolve its environmental problems and end the project's status as the only major Russian oil project to be fully owned by foreign companies, said Valery Nesterov, oil and gas analyst at Troika Dialog in Moscow. </p><div> </div><p>This would benefit the country and the Kremlin as it’s in line with the new energy policy in which Russia holds a majority in all large projects,’’ Nesterov said today by phone. “Gazprom will gain a foothold on Sakhalin Island from which to expand into the Asian Pacific markets.’’

Environmental Suit

Russia plans to file suit against Shell in about March for at least $10 billion environmental damages, the deputy head of the Natural Resources Ministry’s environmental agency, Oleg Mitvol, said today. The government body may sue in more than one country, he said.

Shell’s stake in the project may drop to 25 percent from 55 percent now, the Financial Times reported today, citing sources close to Shell and Gazprom. Mitsui & Co., which owns 25 percent, will have its share reduced to 15 percent, and Mitsubishi Corp. will be diluted to 10 percent from 20 percent, the FT said.

Mitsui said yesterday it is watching developments and will decide what to do with its 25 percent stake after Shell and Gazprom complete talks.

Shares of Shell trading in London fell as much as 16 pence, or 1.2 percent, to 1,786 pence. Gazprom shares in Moscow lost 1 percent to 298.58 rubles.

LNG Plant

Gazprom also is seeking access to technologies for offshore development and liquefied natural gas production. The Sakhalin-2 venture is building Russia’s first plant to make LNG, which is gas cooled to a liquid for shipment by tanker to markets such as Japan, Korea and the U.S.

An agreement with Shell would also allow Gazprom to maintain its control over Russian gas exports. While the company’s export monopoly is enshrined in law, Sakhalin-2 is exempt under its so- called production sharing agreement. Sakhalin-2 has one of three such agreements signed in Russia in the 1990s when foreign capital was needed to revive flagging oil output.

Government officials have criticized the production-sharing agreements for benefiting foreign companies at the expense of the state, which shares in the profit after investors recover costs.

Shell and Gazprom announced last year a preliminary agreement for Gazprom to acquire 25 percent of Sakhalin-2 for half of Gazprom’s Zapolyarnoye field in the Arctic. Gazprom suspended talks less than two weeks later, after Shell doubled project costs.

Etiquetas: Manuel Torres Laveaga

digg2 Del.icio.us   enviar nota x email noticias politica petróleo energia opinion energyBLOG GoMeme BajaeNergy /energyBlog Imagen 7

BANGLADESH: Oli pledges to confiscate ill-gotten wealth of BNP | # | P&E — MaT @ 1:35 am

Liberal Democratic Party (LDP) leaders Monday pledged to confiscate the ill-gotten wealth of the leaders of Bangladesh Nationalist Party (BNP) and spend those for the welfare of the people.

Addressing a public meeting here, LDP Executive President Oli Ahmed said the BNP ministers and MPs had plundered public money in billions during its five-year rule depriving the people. If voted, LDP would confiscate the ill-gotten money of BNP and spend those for improving the lot of the down trodden of the nation.

"We will not rest until BNP is sent to the political grave," declared Oli who was an MP and standing committee member of the party until he deserted the party to float LDP about two months ago. "We will expose the corruption of BNP."

He was highly critical of the Hawa Bhaban and described it an abode of corrupt elements controlled by Tarique Rahman, son of former prime minister Khaleda Zia.

Oli said people of the hill tracts are peace-loving and pledged that LDP would do its utmost in restoring peace in the three hill districts. He introduced Moni Swapan Dewan as the LDP candidate from Rangamati in the upcoming elections.

Dewan, a junior minister in the last BNP government, left the party expressing frustration that the Hawa Bhaban had torpedoed all his moves for implementation of the Chittagong Hill Tracts (CHT) peace accord.

LDP Secretary General Abdul Mannan also addressed the meeting, which was attended by all sections of the people and supporters of other political parties.
FinancialEXpressBD

Etiquetas: Manuel Torres Laveaga

digg2 Del.icio.us   enviar nota x email noticias politica petróleo energia opinion energyBLOG GoMeme BajaeNergy /energyBlog Imagen 7

PAKISTAN: Oil ministers to meet next month | # | P&E — MaT @ 1:33 am

 


Oil ministers of India, Iran and Pakistan will be meeting next month in Tehran to deliberate on the issue of supply of natural gas through a pipeline and this is expected to take shape "very soon", Government told the Lok Sabha on Thursday.
"Government is serious about pursuing Iran-Pakistan- India gas pipeline project. A meeting of oil secretaries of the three countries took place recently. The ministers will be meeting next month. Very soon this proposal will take shape," Petroleum Minister Murli Deora said during Question Hour.
He was replying to a question on the proposed seven billion US dollar pipeline project and whether Washington was indirectly putting pressure to stall it as it involved Iran, which will be supplier of the gas. The Minister did not make any comment on the alleged US role.
On joint exploration of Indian hydrocarbon deposits with foreign countries, Deora said the Government effort was to reduce dependence on imported crude oil as it wanted prices of petroleum products in the country to remain stable.
Oil wells in the country were being jointly explored with companies from Russia, China and Sudan, he said.
He also referred to recent fluctuations of oil prices in international markets and measures taken by the Government in raising and then reducing prices of petrol and diesel.
On supply of LPG for domestic use in places beyond Delhi and Mumbai, Deora said an insfrastructure was being laid to ensure supply of piped gas for domestic purposes in the country in the next 6 to 7 years and 30 to 35 lakh homes are expected to benefit.

Etiquetas: Manuel Torres Laveaga

digg2 Del.icio.us   enviar nota x email noticias politica petróleo energia opinion energyBLOG GoMeme BajaeNergy /energyBlog Imagen 7

INDIA: Shinde finds citizen cane to beat power thieves | # | P&E — MaT @ 1:31 am

You have heard of corporate whistle-blowers, now you will have them in the power sector as well. In an effort to reduce the aggregate technical and commercial (AT&C) losses, the government is considering introducing a scheme that will reward whistle-blowers and informers who help identify instances of power theft.

Union power minister Sushilkumar Shinde has written to state chief ministers alerting them to the fact that one of the main reasons for the high aggregate technical and commercial losses in the country is theft of electricity.”

In his letter, the Uion power minister has suggested that states introduce an incentive system that would help curb incidence of power theft. The incentive could be linked to the amount recovered or the quantum of power that was saved as a result of information provided. The idea is to encourage active citizenry as well as make vigilance a larger community effort.

Realising that curbing power theft would be an important step in bringing down AT&C losses, which range between 38% to 40% at an average across the country, the government has been considering further amendments to the Electricity Act, 2003.

A group of ministers (GoM), constituted to determine steps to effectively curb power theft and other offences, suggested legislative changes that are being considered by the government.

It is the GoM that had suggested that the state governments be advised to introduce suitable incentive schemes for such informers who give clues of the source of theft of electricity. The reward could be linked to the amount or recoveries that could be affected in such cases.

Further, such a scheme should not only be introduced but should also be publicised appropriately by the state governments. Union power minister has asked state governments to issue instructions in compliance with these recommendations.

IndianEconomicTimes

Etiquetas: Manuel Torres Laveaga

digg2 Del.icio.us   enviar nota x email noticias politica petróleo energia opinion energyBLOG GoMeme BajaeNergy /energyBlog Imagen 7

INDIA: CERC leaves no margin for trade | # | P&E — MaT @ 1:29 am

Things are only worth, it is said, what we make them worth. Consider, for instance, the trade in a zillion electrons, termed power trading. Now the price of such trading has come under close regulatory scrutiny in the vexed power sector. The electricity regulator, CERC, has mandated that margins on power trading be no more than 4 paise per unit (Kwh). It’s far lower than the actual margins charged, of late.

The Appellate Tribunal of Electricity (APTEL) has since upheld the CERC order, but on a mere technicality. As the APTEL ruling says, it is well open to the appellants to seek further legal recourse. The question is whether the ceiling margin is far too low? Would it be in the consumer interest to have margins as a percentage of overall power tariffs?

But first, a quick word about power trading. It’s the ‘purchase of electricity for resale thereof,’ as defined by the Electricity Act, 2003. Power traders do perform a vital economic role. Against the backdrop of daily power shortages and routine credit risks, they arrange for power to flow from nominally surplus to deficit regions.

And at little marginal cost. Given the huge costs of capacity addition, we surely need to make the most of our current assets. In fact, power traders nurture a fledgling cross-country market for electricity and so better allocate scarce resources. But could it be that a questionable order by CERC threatens to put paid to a functional market for power?

The fact remains that prior to CERC announcing the ceiling rate in late January this year, the weighted average trading margin pan-India during, say, April-September 2005, was 10 paise/unit. In fact, just about 16% of trading volume during the fiscal 04-05 was at 4 paise margin or less. And yet, CERC has affirmed what seems an unrealistically low ceiling margin, purportedly in the consumer interest.

It is hardly likely to make power traders gung-ho. It is true that over the past one year, the norms for booking transmission corridors have been somewhat rationalised, and so may well lower trading costs, marginally. But the fact is that the bulk of trading was done at 5 paise or more last fiscal.

It needs to be asked, in now fixing a 4 paise ceiling margin, is the CERC merely being paise wise and rupee foolish? But then, the CERC does not seem to have a very high opinion of power trading in the first place. As its tariff order says, “traders have a very little role to play other than rotation of the payment from the buyer to the seller”(!).

IndianEconomicTimes

Etiquetas: Manuel Torres Laveaga

digg2 Del.icio.us   enviar nota x email noticias politica petróleo energia opinion energyBLOG GoMeme BajaeNergy /energyBlog Imagen 7

INDIA: PFC postpones opening price bids of two UMPPs | # | P&E — MaT @ 1:28 am

Power Finance Corporation has postponed opening the price bids for the first two ultra mega power projects, to be set up in Madhya Pradesh and Gujarat, tentatively to December 18.
PFC was scheduled to open the price bids for Sasan and Mundra projects on Friday, but could not due to the absence of Punjab National Bank Chairman S C Gupta, who heads the apex committee that is evaluating the bids, official sources said.
The tariff-based bids are now likely to be opened on December 18, the sources said, adding the deadline for awarding the projects by December 29 remained unchanged.
PFC is the nodal agency responsible for conducting the bidding of ultra mega power plants.
An apex committee comprising Gupta, PFC Chairman V K Garg, Central Electricity Authority Chairman Rakesh Nath and state government representatives would scrutinise the bids
The two 4,000 MW projects have received 16 bids, which includes bigwigs such as Reliance Energy, Tata Power and Essar, NTPC Ltd, Torrent Power, Jindal Steel and Power Ltd.
While PFC received 10 Request for Proposals (RfPs) for the pithead coal-fired Sasan project, six companies are in the fray for imported coal-based Mundra power plant.

Etiquetas: Manuel Torres Laveaga

digg2 Del.icio.us   enviar nota x email noticias politica petróleo energia opinion energyBLOG GoMeme BajaeNergy /energyBlog Imagen 7