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Showing posts from June, 2018

EU Agrees Upon Binding 32 Per Cent Target For Renewable Energy by 2030

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On 14 June 2018 the European Union reached a political agreement to introduce a legally binding renewable energy target of 32 per cent of total energy consumption across the Union. This target must be reached by 2030. The target will form part of the new recast Renewable Energy Directive that is currently in the legislative process of the EU, as part of the so called `Clean Energy for All Europeans` - packagage.

Southern Gas Corridor: Trans Anatolian Natural Gas Pipeline (TANAP) Opened

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The long-standing plan of the European Union to diversify its gas supplies received a boost yesterday, when a missing link of the so called Southern Gas Corridor, the TANAP-pipeline, has been officially opened by the presidents of Turkey and Azerbaijan. TANAP is the second of the three pipelines that cumulatively create the Southern Gas Corridor starting operations. The ultimate aim of the Southern Gas Corridor is to bring gas from Azerbaijan`s Shah Deniz gas fields to Europe to reduce import dependence on Russian Gas. The final leg of the corridor, the Trans-Adriatic Pipeline (TAP), however, has not yet been opened and questionsare abundant.