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Securing Energy
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On November 7th 2006 a memorandum of understanding on energy co-operation was signed between Azerbaijan's President Ilham Aliev and European Commission President Jose Manuel Barroso. The agreement is a further indicator of the EU's policy to diversify energy suppliers throughout the region in order to secure supply to the European market. For European consumers, the Caspian energy reserves and the pipelines that bring the oil and gas to Europe's doorstep are increasing in importance. The EU currently imports 50 per cent of its energy needs but that figure is set to rise to 70% by 2030. As winter draws in, the price of energy will remain high on the agenda. Released to coincide with the conference "Towards an EU external energy policy to ensure a high level of supply security" which takes place in Brussels on the 20th and 21st November the VNR highlights some of the EU's energy relationships from Ukraine to Algeria. It examines the importance of investment in transmission and the report raises the potential of having one voice on energy, enabling the EU to secure supply on behalf of its 450 million strong market. This news report includes interviews with Jean Marie Chevalier, Professor of Economics, Centre of Geopolitics of Energy and Raw materials, Dauphine University, Benita Ferrero Waldner, European Commissioner for External Relations & European Neighbourhood Policy and Mikayil Jabbarov, Deputy Minister of Economic Development, Republic of Azerbaijan.
70 km off this coastline in Azerbaijan, beneath the rich waters of the Caspian Sea, lies the
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Shakhtanis gas field. It's estimated that Shakhtanis contains reserves of between 1.5
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and 3 billion barrels of oil, and up to 100 billion cubic metres of gas. In November,
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three underwater pipelines are sending the first gas onshore to the terminal at Sangachal
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for processing.
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We're actually bringing gas into these facilities right now, and in the next few days we'll
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be pressurising the gas pipeline to the Shakhtanis platform, so that's ongoing. It really is
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the hub for offshore production coming into Sangachal from the offshore oil and gas fields,
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and then it's the hub for the transportation systems that go to the Black Sea and Mediterranean
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Sea.
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For European consumers, the Caspian energy reserves and the pipelines that bring the
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oil and gas to Europe's doorstep are increasing in importance. Energy is the backbone of
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Europe's economy, driving the engine of economic stability. At present, 80% of Europe's energy
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requirements come from oil, gas and coal. The EU currently imports 50% of this, but
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that figure is set to rise to 70% by 2030, making European consumers and business vulnerable.
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The problem is our security of supply. I mean, is there any possibility of disruption?
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And when we mean disruption, we mean disruption in terms of physical disruption or in terms
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of prices.
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Both these factors came together on the 1st of January. A price dispute between the Ukraine
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and Russia disrupted supplies coming to Europe, sending shockwaves across the Union. Conflict
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in Iraq and continuing instability in the Middle East has meant unpredictable swings
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in oil prices for consumers throughout the year. So in a volatile new century, what can
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Europe do to ensure the security of its energy supplies?
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What we have to do is to grow our relationships with many other countries, particularly those
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that are energy suppliers. That is, of course, Russia, but not only Russia, also Algeria,
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for instance, the Caucasian countries and Central Asia. We think it is highly important
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that Russia remains an important supplier, but that we also diversify.
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Energy dependency may be a fact of life for the EU, but most of Europe's energy comes
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from within the neighbourhood. To the south, Algeria remains one of the EU's most important
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suppliers, providing one third of Europe's gas.
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With new agreements signed this year, there is a continuing commitment to the energy partnership
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between the EU and Algeria. The EU is set to double its energy supplies from Algeria
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in the next three years.
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Libya has already started supplying gas to Europe, and exploration is ongoing.
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With a quarter of the EU's oil and 40% of gas resources coming from Russia, a strong
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energy dialogue between the two has obviously been important, and this will continue.
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The Ukraine is a vitally important transit country for EU energy supplies, and an important
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strategic partner.
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A memorandum of understanding on energy cooperation has been signed between the EU and Ukraine,
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which significantly looks to integrate Ukraine into the EU energy market.
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Kazakhstan currently produces 1.1 million barrels of crude oil a day. That's set to
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triple by the end of the decade, and it's about to become a huge gas exporter.
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The EU and Kazakhstan have had a partnership agreement in operation since 1999, and the
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EU is seeking to work with Kazakhstan on the Trans-Caspian Energy Transit Corridor.
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Azerbaijan has had a long history in the oil business.
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- Idioma/s:
- Niveles educativos:
- ▼ Mostrar / ocultar niveles
- Nivel Intermedio
- Autor/es:
- The European Union
- Subido por:
- EducaMadrid
- Licencia:
- Reconocimiento - No comercial - Sin obra derivada
- Visualizaciones:
- 549
- Fecha:
- 6 de agosto de 2007 - 11:26
- Visibilidad:
- Público
- Enlace Relacionado:
- European Commission
- Duración:
- 03′ 59″
- Relación de aspecto:
- 4:3 Hasta 2009 fue el estándar utilizado en la televisión PAL; muchas pantallas de ordenador y televisores usan este estándar, erróneamente llamado cuadrado, cuando en la realidad es rectangular o wide.
- Resolución:
- 448x336 píxeles
- Tamaño:
- 20.66 MBytes