AEM Updates September 2015Posted by Adv. Lorenc Gordani, PhD Wed, September 30, 2015 15:58:30
Le liberalizzazioni hanno funzionato per i cellulari e i collegamenti internet. Dove le tariffe sono continuate a scendere anno dopo anno. Pur con qualche ritardo, si sono imposte anche nel settore finanziario (banche e assicurazioni), soprattutto dopo l'avvento dei servizi on line. Persino nei collegamenti ferroviari dell'Alta velocità l'ingresso di un secondo operatore (fatto unico in Europa) ha avuto il merito sia di migliorare il servizio sia di abbattere il costo del biglietto. Dove l'apertura alla concorrenza non ha raggiunto il suo scopo, se non in misura poco incisiva per le tasche delle famiglie, è il mercato dell'energia elettrica. Dove l'ex monopolista continua ad avere un peso preponderante su tutti gli altri e non c'è mai stata una vera guerra di offerte grazie alle quali un consumatore attento avrebbe potuto trarre benefici e risparmi.
Detto in altri termini: il mercato è stato completamente liberalizzato nel 2003, ma non esiste una vera concorrenza. In pratica, sia le famiglie che le partite Iva e le Pmi (così come era accaduto in precedenza per la grande e media industria) possono scegliere liberamente con quale gestore sottoscrivere il contratto di fornitura dell'elettricità. Ma questo non si è tradotto in una diminuzione delle bollette. Le quali rimangono, per buona parte delle famiglie, tra le più alte dell'Unione Europea. Basta leggere le tabelle pubblicate nella relazione annuale dell'Autorità per l'energia. Soltanto chi consuma meno di 2500 kilowattora all'anno può vantare prezzi medi leggermente inferiori della media Ue. Per tutte le altre fasce di consumo superiori, gli utenti pagano quasi il doppio della media degli altri stati membri.
Questo vale per le famiglie, partite Iva e piccole imprese per lo più artigianali. Ma non per l'industria. Quest'ultima può acquistare energia all'ingrosso, mettendo in concorrenza i maggiori fornitori. Oltre a godere di incentivi (pagati in bolletta da tutti gli utenti) destinati ai settori cosiddetti energivori, cioè i grandi consumatori di elettricità.
Ma perché non ha funzionato la concorrenza? E perché non sono scese le bollette? Una parte della risposta la si trova nella bolletta stessa, mettendone in fila le varie voci di cui è composta. Il costo effettivo dell'energia è pari al 43 per cento della somma che esce effettivamente dal portafoglio del consumatore. Per la parte rimanente, il 13,5 per cento è composto dalle tasse e dall'Iva, il 19,3 per cento va ai servizi per la gestione della rete e il 25 per cento circa per quelli che vengono definiti "oneri generali di sistema".
Tutte queste cifre significano sostanzialmente due cose. La prima è che gli operatori possono farsi concorrenza solo su una parte della bolletta, circà la metà relativa al costo dell'energia. L'altra metà - ed è il secondo elemento - se na va in costi fissi determinati per legge (e regolamentati dall'Autorità) come sostegno al "sistema". Non per nulla vengono definiti "oneri impropri". In pratica, paghiamo per altri: il grosso di questi incentivi è destinato alle rinnovabili (84% del totale), per la dismissioni delle centrali nucleari e relative scorie (7,5%), per gli energivori (4,6%), per la promozione dell'efficenza (1,6%), per le tariffe agevolate delle Ferrovie (1,4%).
AEM Updates September 2015Posted by Adv. Lorenc Gordani, PhD Tue, September 29, 2015 12:45:04
As more renewable energy comes online, the reliability and environmental benefits of gas-fired power become more important.
Now that the Obama administration has finalized its Clean Power Plan regulating greenhouse gas (GHG) emissions from the power sector, the focus of attention turns to the states, which must now find a way to reduce emissions consistent with the Plan. One question states face as they envision a lower carbon future is how much to rely on natural gas-fired generation.
The Environmental Protection Agency Plan encourages states to use existing gas-fired generators more and coal-fired generators less, and to build new zero-emission generators (wind, solar and nuclear). The Plan neither encourages nor discourages construction of new gas-fired generators, but some environmental groups oppose additional natural gas plants, fearing they will slow the advance toward a carbon-free grid. Owners of competing technologies also prefer fewer new gas-fired generators, recognizing that inexpensive natural gas has been a key driver of lower electricity prices that cuts into their profits.
But there are solid reasons why the electric grid needs gas more than ever as more renewable power comes on line.
First, in most electricity markets gas competes most directly with coal, not renewables. The reason is that electricity is dispatched on a marginal cost basis (that is, based on the operating cost of the next available increment of energy): whenever there is a renewable resource available, it will almost always be dispatched to the grid because its zero fuel price will trump the non-zero fuel price of coal- and gas-fired generators. The question, then, is which technologies will power grid operators use to supplement or back up renewable power when the wind is not blowing and the sun is not shining.
Second, gas-fired generators are better able than coal to accommodate more renewable power on the grid, because they can more efficiently adjust their output in response to the variability of renewables’ production. The Texas grid, for example, has been able to integrate large amounts of new wind power recently, in large part because of its complement of gas-fired generation. If Texas had only coal-fired power to back up wind, it would have dispatched less wind power to the grid, because the limited flexibility of coal-fired power would have reduced the ability to respond to variations in wind generation while keeping the lights on.
Third, modern, ultra-efficient gas-fired combined-cycle power plants produce only about half the carbon dioxide and small fractions of the other pollutants emitted by coal-fired power. Reducing carbon dioxide is a multi-decadal task, one we need to accomplish in a cost-effective manner. The U.S. has the oldest coal-fired generation fleet in the world in part because those dirty, old plants produce inexpensive, reliable power. We will need a combination of renewables and new gas-fired generation to replace the retiring coal-fired generators and maintain system reliability.
Indeed, there are technical characteristics of thermal generators (the nuclear-, coal-, and gas-fired generators) that remain essential to the operation of the grid. We currently have no cost-competitive ways for renewables and electricity storage to provide or simulate those technical characteristics.
Fourth, and perhaps most crucially, the enhanced reliability and environmental benefits of gas-fired power become more important with higher levels of renewable penetration, at least until cost-effective electricity storage options become available. While there have been great strides in reducing the cost of battery storage, it remains an extremely expensive solution to the problem of supporting renewable power generation.
In our capitalist system the future energy mix will continue to be determined in large part by price competition. Regulation affects prices, but decisions about which plants to build are made by the private sector, not by regulatory fiat. Gas is currently the most cost-effective complement to renewables and consequently will predominate in new construction of thermal generation.
We expect the costs of electricity storage to continue to fall, and for storage eventually to replace other generation sources as the primary supporter of renewable generation on the grid. But storage is not yet ready for prime time. In the meantime, we need flexible, efficient gas-fired power to ensure that the transition away from much dirtier, higher-carbon coal-fired power continues apace. It would be a dangerous bet to forgo new gas-fired generation now.
David Spence is Professor of Law, Politics & Regulation at the University of Texas at Austin, where he teaches in both the McCombs School of Business and the School of Law. Ross Baldick, is a Professor in UT Austin’s Department of Electrical & Computer Engineering.
AEM Updates September 2015Posted by Adv. Lorenc Gordani, PhD Tue, September 29, 2015 12:41:24
Ashgabat, Turkmenistan, Sept. 28
By Huseyn Hasanov– Trend:
Among the leading oil and gas powers, Turkmenistan has first become a major strategic partner of China in natural fuel provision, the Ministry of Oil and Mineral Resources of Turkmenistan said.
"The Turkmenistan-Uzbekistan-Kazakhstan-China gas pipeline is a model of equal and effective cooperation of four countries covered by this energy-main," the statement said.
“More than 125 billion cubic meters of gas have been transported through the pipeline since its commissioning in late 2009 till August 2015,” the ministry said. “This is more than 35 percent of the total volumes of natural gas purchased by China. This shows the importance of the Trans-Asian gas line in ensuring energy security of China.”
Currently, Turkmengaz State Concern and China's CNPC supply the largest volumes of natural gas via the pipeline to China. CNPC develops the fields of the Bagtyyarlyk contract area on the right bank of the Amu Darya in a production sharing agreement.
It is also reported that at present, the Turkmenistan-China gas pipeline system consists of three branches with a total capacity of 55 billion cubic meters a year.
Reportedly, six compressor stations and 10 compressor units operate along the pipeline’s route.
The volume of natural gas supply significantly increased after commissioning the third branch of the pipeline in 2014.
“Moreover, it was noted that the operation of the pipeline system is stable and no emergency situation was recorded there in 2015,” said the message. “All the sides timely carry out the repair work and technical maintenance on the route.”
It is planned to supply gas in this direction in 2015-2016. The supply volume will comply with the contract obligations of the Chinese side.
Ashgabat has recently hosted the 13th meeting of the Coordination Committee on operation of the Turkmenistan-Uzbekistan-Kazakhstan-China pipeline. The meeting participants discussed current issues related to the transportation of natural gas and operation of the Trans-Asia pipeline system in 2015-2016.
Edited by CN
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AEM Updates September 2015Posted by Adv. Lorenc Gordani, PhD Mon, September 28, 2015 12:12:10
Baku, Azerbaijan, Sept.28
By Aygun Badalova – Trend:
Vast oil and gas reserves in the Caspian Sea region and its potential to supply the world energy market make this area relevant for investments, John W. Harkins, chief executive officer and president of Greenfields Petroleum Corporation (Canada-based oil and natural gas company) said.
He made the remarks addressing the 3rd Azerbaijan and Caspian Sea Oil and Gas Week 2015 in Baku Sept.28.
In particular, Azerbaijan has proved to be relevant economically and politically in the world energy markets, Harkins added.
“Azerbaijan is poised to be a transportation hub for oil and gas,” he said.
Harkins also added that Azerbaijan will be an important gas supplier for Europe within the next five years.
The Southern Gas Corridor will allow Europe to diversify its hydrocarbon supply sources and strengthen energy security and also will allow Azerbaijan to obtain a new market in Europe.
As part of ensuring the Azerbaijani gas supply to Europe, the final investment decision was made on Dec.17, 2013 on the Stage 2 of the Shah Deniz offshore gas and condensate field's development. The gas produced at this field will first go to the European market (10 billion cubic meters), while six billion cubic meters of gas will be annually delivered to Turkey.
The contract for development of the Shah Deniz offshore field was signed on June 4, 1996. The field’s reserve is estimated at 1.2 trillion cubic meters of gas.
As part of the Stage 2 of the Shah Deniz development, the gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of Trans-Anatolian Natural Gas Pipeline and Trans-Adriatic Pipeline.
AEM Updates September 2015Posted by Adv. Lorenc Gordani, PhD Sat, September 26, 2015 21:54:18
Baku, Azerbaijan, Sep. 26
Azerbaijani Foreign Minister Elmar Mammadyarov within the framework of participation in the 70th session of the UN General Assembly met with the Foreign Minister of San Marino Pasquale Valentini, Albania Ditmir Bushati and Uruguay Rodolfo Nin Novoa, the press service of Azerbaijani Foreign Ministry said.
At a meeting with Foreign Minister of San Marino bilateral cooperation шт various fields has been discussed, an agreement on promotion and mutual protection of investments was signed.
Elmar Mammadyarov discussed with the Foreign Minister of Uruguay directions of existing relations between countries. During the meeting the importance of the visit of Deputy Minister of Foreign Affairs of Uruguay Luis Cancela Jose to Azerbaijan, as well as of political consultations at the ministerial level were noted.
Mammadyarov said that he attaches great importance to relations with Latin America, mentioning the existing potential for cooperation in the fields of energy and agriculture
Azerbaijani Foreign Minister invited the Uruguayan counterpart to pay a visit to Azerbaijan, saying that it could be a good opportunity for cooperation.
The sides exchanged views on bilateral relations and issues of mutual interest.
At a meeting with Foreign Minister of Albania the satisfaction with development of bilateral relations between the countries was expressed. Ditmir Bushati said that there are great opportunities for cooperation, in particular the energy sector.
AEM Updates September 2015Posted by Adv. Lorenc Gordani, PhD Fri, September 25, 2015 00:43:28
TransAtlantic reported mixed Q215 results on 7 August, which reflected the decline in oil prices. With no wells completed in Q2, production started to slide from its Q1 peak and fell 4% q/q to 5.9mboe/d. Cost reductions were slightly below our expectations and operating cash flow of $8.0m was below capex of $10.2m, leaving TAT to draw from its cash pile to cover debt repayments. The dip in oil prices back to $50/bbl Brent may lead TAT to conserve cash and further trim capex until the next uptick. As announced in June, it is still looking for JV partners in Turkey and Albania to help fund drilling expenses, however, it is finding it more difficult to attract interest in the current environment. Notwithstanding the tough macro, its asset base in Turkey and Albania remains attractive with significant growth potential.Bump In The Road To Production Growth
TAT provided its most detailed production guidance yet at the 10 June AGM, although the outlook has likely changed again in the last two months with the $17/bbl drop in Brent prices. As we have pointed out in previous notes, activity and spend are highly flexible and rigs can be dropped or added quickly. Absent any drilling, production would decline to less than 5mboe/d by end 2015 and less than 4mboe/d by end 2016. Assuming drilling resumes (in a $55-60/bbl+ world), output is expected to bottom out at year end before rising to 7mboe/d by end 2016 and doubling to 14mboe/d by end 2017. TAT sees growth coming from all areas including Albania, Turkey’s Molla area and Selmo, where the waterflood programme is being expanded.
AEM Updates September 2015Posted by Adv. Lorenc Gordani, PhD Fri, September 25, 2015 00:35:57
Baku, Fineko/abc.az. Minister for Environment & Energy of Greece Panos Skourletis has specified today the gas import prospects in the renewed Greek government.
The media operating in Greece have reported from the ceremony of relegating affairs in the Ministry to Skourletis, the latter said: "We’ll continue the projects of TAP gas pipeline and gas pipeline with Russian gas".
The first source of gas for Trans Adriatic Pipeline (TAP) will be Azerbaijani gas from Caspian field Shah Deniz.
TAP is part of project Southern Gas Corridor, which includes construction of gas pipeline systems TANAP-TAP by 2019 from Azerbaijan’s Shah Deniz field through Georgia, Turkey, Greece and Albania to south of Italy.
Greece is also showing an interest to project Turkish Stream, which concerns the construction of the gas pipeline capacity of up to 63 bn cu m of gas a year from Russia to Turkey across the Black Sea. Today Turkish Stream is being discussed during negotiations of the Turkish president in Moscow. Previously, the parties could not reach agreement on prices, and Russia has threatened to freeze this project.
AEM Updates September 2015Posted by Adv. Lorenc Gordani, PhD Fri, September 25, 2015 00:17:25
Excellency Prime Minister, Dear Minister Cani, Dear Minister Harito, Representatives of Ministries of Finance and Public Administration and Innovation, Ladies and Gentlemen!
I am delighted to be here with you today at the signing ceremony of the Citizen-Centric Service Delivery Project. This is a special moment that marks the culmination of an intensely engaging and fast track project preparation process. This event also has a special significance as it is the first investment project being signed after the endorsement of the World Bank Group’s new Country Partnership Framework for Albania. As we all know, the new CPF envisions an unprecedented level of indicative $1.2 billion financing to support the broad spectrum reforms Albania has embarked upon. While supporting Albania’s aspirations for EU accession, the CPF focuses on supporting Government reforms to restore macroeconomic stability, accelerate private sector growth and strengthen public sector management and service delivery.
We are grateful to the Honorable Prime Minister for his leadership and personal stewardship on this important project which seeks to transform delivery of public services by bringing about visible improvements in the transparency and governance of services. The World Bank Group’s CPF is well aligned with this and other core Government reform priorities. The CPF also benefited from the findings of the Systematic Country Diagnostics we conducted for Albania which concludes that the major sources of historic inefficiency in service delivery are due to weak governance and fragmented institutional arrangements, as well as very limited use of technology in public administration. It also points to the socio-economic and spatial inequalities in access to services affecting the less well-off and vulnerable population sub-groups, such as rural residents, women, and the Roma. In light of the existing fiscal constraints, improvements in quality and access to services must come from efficiency gains and better governance. Good public sector governance stands at the center of reforms the Government is implementing and it cuts across all the sectors such as macro-fiscal, energy, health, or social assistance. It is the responsibility of the public administration to enable a service oriented-environment towards citizens and businesses; in fact, it the most important feature of a well-functioning public administration. This requires a professional body of civil servants and an efficient, well organized public administration that can deliver public services matching the European standard.
During the past 25 years of our partnership, the Bank has been engaged in diverse sectors, including on public sector reforms – this is a challenging area where results tend to come with a significant lag and where sustainability of reform is always a challenge. The Government’s commitment to create citizens’ trust in public services and transforming the interface between citizens and state is a critical step in the right direction and is at the heart of this project we are signing today. Results in this area should also strengthen Albania’s path towards EU accession.
The $32 million Citizen Centric Service Delivery project supports improvements in the quality and access to administrative services in Albania. The project will disburse on the basis of results accomplished. It will support enhancement of back end systems, improving citizens’ interface at the front offices, while building service delivery capacity.
We are happy to join other development partners that have been supporting Government in its “Innovation against Corruption” reform. I know that other partners, EU among them, will continue to provide support to this initiative and to public administration at a broader level.
Finally, let me also take this opportunity to acknowledge with huge appreciation the leadership of Minister Harito and the excellent cooperation and technical engagement of her team from the Ministry of Innovation and Public Administration. I wish to especially appreciate the team’s tireless preparation of this project. I also thank my team in the World Bank which supported this process with exceptional commitment, and brought expertise from various parts of the World. Thank you!