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Russia In The European Energy Sector
Russia supplies a significant volume of fossil fuels to other European countries. In 2021, it was the largest exporter of oil and natural gas to the European Union, (90%) and 40% of gas consumed in the EU came from Russia. The Russian state-owned company Gazprom exports natural gas to Europe. It also controls many subsidiaries, including various infrastructure assets. According to a study published by the Research Centre for East European Studies, the liberalization of the EU gas market drove Gazprom's expansion in Europe by increasing its share in the European downstream market. It established sale subsidiaries in many of its export markets, and also invested in access to industrial and power generation sectors in Western and Central Europe. In addition, Gazprom established joint ventures to build natural gas pipelines and storage depots in a number of European countries. The dependency on Russian fossil fuels poses energy security risks for Europe. In a number of disputes Rus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monthly Gas Supply Balance In The European Union, 2014-2021 , sometimes known as "monthly"
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Monthly usually refers to the scheduling of something every month. It may also refer to: * ''The Monthly'' * ''Monthly Magazine'' * ''Monthly Review'' * ''PQ Monthly'' * ''Home Monthly'' * ''Trader Monthly'' * ''Overland Monthly'' * Menstruation Menstruation (also known as a period, among other colloquial terms) is the regular discharge of blood and mucosal tissue from the inner lining of the uterus through the vagina. The menstrual cycle is characterized by the rise and fall of hor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are then ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union Competition Law
European competition law is the competition law in use within the European Union. It promotes the maintenance of competition within the European Single Market by regulating anti-competitive conduct by companies to ensure that they do not create cartels and monopolies that would damage the interests of society. European competition law today derives mostly from articles 101 to 109 of the Treaty on the Functioning of the European Union (TFEU), as well as a series of Regulations and Directives. Four main policy areas include: *Cartels, or control of collusion and other anti-competitive practices, under article 101 TFEU. *Market dominance, or preventing the abuse of firms' dominant market positions under article 102 TFEU. *Mergers, control of proposed mergers, acquisitions and joint ventures involving companies that have a certain, defined amount of turnover in the EU, according to the European Union merger law. * State aid, control of direct and indirect aid given by Member St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2021 Global Energy Crisis
The 2021 global energy crisis is an ongoing shortage of energy across the world, affecting countries such as the United Kingdom and China, among others. Background In December 2020, after months of restrictions, China fully blocked coal imports from Australia, which was China's largest source of imported coal. Brazil's worst drought in almost a century is threatening its electricity supply. Brazil relies on hydropower for two-thirds of its electricity. ''Euractiv'' reported that European Commissioner for Climate Action Frans Timmermans told the European Parliament in Strasbourg "that "about one fifth" of the energy price increase can be attributed to rising pricing on the EU's carbon market." Effects by location China China is facing its worst energy crisis in decades. ''The Guardian'' reported that "Companies in the industrial heartlands have been told to limit consumption, residents have been subjected to rolling blackouts, and annual light shows have been cancelled. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shale Gas In The United States
Shale gas in the United States is an available source of unconventional natural gas. Led by new applications of hydraulic fracturing technology and horizontal drilling, development of new sources of shale gas has offset declines in production from conventional gas reservoirs, and has led to major increases in reserves of U.S. natural gas. Largely due to shale gas discoveries, estimated reserves of natural gas in the United States in 2008 were 35% higher than in 2006. In 2007, shale gas fields included the #2 (Barnett/Newark East) and #13 (Antrim) sources of natural gas in the United States in terms of gas volumes produced. The number of unconventional natural gas wells in the U.S. rose from 18,485 in 2004 to 25,145 in 2007 and is expected to continue increasing until about 2040. The economic success of shale gas in the United States and rapid growth in the amount produced after 2009 has led to rapid development of shale gas in Canada, and, more recently, has spurred interest in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EU Regulation
A regulation is a legal act of the European Union that becomes immediately enforceable as law in all Member state of the European Union, member states simultaneously. Regulations can be distinguished from directive (European Union), directives which, at least in principle, need to be Transposition (law), transposed into national law. Regulations can be adopted by means of a variety of European Union legislative procedure, legislative procedures depending on their subject matter. Description The description of regulations can be found in Article 288 of the Treaty on the Functioning of the European Union (formerly Article 249 Treaty establishing the European Community, TEC). Article 288 To exercise the Union's competences, the institutions shall adopt regulations, directives, decisions, recommendations and opinions. A regulation shall have general application. It shall be binding in its entirety and directly applicable in all Member States. A directive shall be binding, as to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Of Oil
The price of oil, or the oil price, generally refers to the spot price of a barrel () of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil, Isthmus and Western Canadian Select (WCS). Oil prices are determined by global supply and demand, rather than any country's domestic production level. The global price of crude oil was relatively consistent in the nineteenth century and early twentieth century. This changed in the 1970s, with a significant increase in the price of oil globally. There have been a number of structural drivers of global oil prices historically, including oil supply, demand, and storage shocks, and shocks to global economic growth affecting oil prices. Notable events driving significant price fluctuations include the 1973 OPEC oil embargo targeting nations that had supported Israel during the Yom Kippur War ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ronald Reagan
Ronald Wilson Reagan ( ; February 6, 1911June 5, 2004) was an American politician, actor, and union leader who served as the 40th president of the United States from 1981 to 1989. He also served as the 33rd governor of California from 1967 to 1975, after having a career in entertainment. Reagan was born in Tampico, Illinois. He graduated from Eureka College in 1932 and began to work as a sports announcer in Iowa. In 1937, Reagan moved to California, where he found Ronald Reagan filmography, work as a film actor. From 1947 to 1952, Reagan served as the president of the Screen Actors Guild, working to Hollywood blacklist, root out alleged communist influence within it. In the 1950s, he moved to a career in television and became a spokesman for General Electric. From 1959 to 1960, he again served as the guild's president. In 1964, his speech "A Time for Choosing" earned him national attention as a new conservative figure. Building a network of supporters, Reagan was 1966 Califo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Presidency Of Ronald Reagan
Ronald Reagan's tenure as the 40th president of the United States began with his first inauguration on January 20, 1981, and ended on January 20, 1989. Reagan, a Republican from California, took office following a landslide victory over Democratic incumbent President Jimmy Carter in the 1980 presidential election. Four years later, in the 1984 election, he defeated Democrat former vice president Walter Mondale to win re-election in a larger landslide. Reagan was succeeded by his vice president, George H. W. Bush. Reagan's 1980 election resulted from a dramatic conservative shift to the right in American politics, including a loss of confidence in liberal, New Deal, and Great Society programs and priorities that had dominated the national agenda since the 1930s. Domestically, the Reagan administration enacted a major tax cut, sought to cut non-military spending, and eliminated federal regulations. The administration's economic policies, known as "Reaganomics", were insp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pacific and Indian Oceans. Its Metropolitan France, metropolitan area extends from the Rhine to the Atlantic Ocean and from the Mediterranean Sea to the English Channel and the North Sea; overseas territories include French Guiana in South America, Saint Pierre and Miquelon in the North Atlantic, the French West Indies, and many islands in Oceania and the Indian Ocean. Due to its several coastal territories, France has the largest exclusive economic zone in the world. France borders Belgium, Luxembourg, Germany, Switzerland, Monaco, Italy, Andorra, and Spain in continental Europe, as well as the Kingdom of the Netherlands, Netherlands, Suriname, and Brazil in the Americas via its overseas territories in French Guiana and Saint Martin (island), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Radio Free Europe/Radio Liberty
Radio Free Europe/Radio Liberty (RFE/RL) is a United States government funded organization that broadcasts and reports news, information, and analysis to countries in Eastern Europe, Central Asia, Caucasus, and the Middle East where it says that "the free flow of information is either banned by government authorities or not fully developed". RFE/RL is a private, non-profit 501(c)(3) corporation supervised by the U.S. Agency for Global Media, an independent government agency overseeing all U.S. federal government international broadcasting services. Daisy Sindelar is the vice president and editor-in-chief of RFE. RFE/RL broadcasts in 27 languages to 23 countries. The organization has been headquartered in Prague, Czech Republic, since 1995, and has 21 local bureaus with over 500 core staff and 1,300 stringers and freelancers in countries throughout their broadcast region. In addition, it has 700 employees at its headquarters and corporate office in Washington, D.C. Radio Free E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Urengoy–Pomary–Uzhhorod Pipeline
The Urengoy–Pomary–Uzhhorod pipeline (also known as the Bratstvo pipeline, Brotherhood pipeline, West-Siberian Pipeline, or Trans-Siberian Pipeline) is one of Russia's main natural gas export Pipeline transport, pipelines, partially owned and operated by Ukraine. History The pipeline project was proposed in 1978 as an export pipeline from Yamburg gas field, but was later changed to the pipeline from Urengoy field, which was already in use. In July 1981, a consortium of German banks, led by Deutsche Bank, and the AKA Ausfuhrkredit GmbH agreed to provide 3.4 billion Deutsche Mark in credits for the compressor stations. Later finance agreements were negotiated with a group of French banks and the Japan Bank for International Cooperation, Japan Export-Import Bank (JEXIM). In 1981-1982, contracts were signed with compressors and pipes suppliers Creusot-Loire, John Brown Engineering, Nuovo Pignone, AEG-Telefunken, Mannesmann, Dresser Industries, and Japan Steel Works. Pipe-la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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