Latest news reports are informing us that the European Energy Community (EC) went back on their threats of suspending Serbia's membership, after a series of fruitful negotiations between EC's representatives and the Serbian Ministry of Energy. The agreement which allowed for this development stipulates that Serbia has accepted the plan of action regarding the restructuring of Srbijagas, at the same time complying with the requirements of the Third Energy Package ...
Recent news bring us an update from the Energy Community (EC), whose latest report has outlined that Serbia has not resolved the key issue of non-compliance with the aquis – something that presents a continuous violation of obligations under the EC Treaty – by not completing the separation of Srbijagas and Yugorosgaz activities in accordance with the "Second Energy Package" ...
With the Baltic States a hotbed of energy related activity and practice areas such as M&A decidedly lukewarm, law firms in the region could be forgiven for hoping that several high-profile ventures in the sector would brighten up an otherwise gloomy 2009. But the highly political nature of the energy market means that lawyers are watching frustrated from the sidelines as large scale projects consistently fail to get off the ground ...
The Act of 22 July 2016 Amending the Energy Law and Certain Other Acts was published on 2 August 2016. The act is intended to eliminate the black market in fuels, strengthen competition on the market, and improve Poland’s energy security. The amendments introduced by the act primarily concern the market for natural gas and liquid fuels ...
On May 29, 2013, Alberta issued three regulations and two rules under the Responsible Energy Development Act (“REDA”). The new regulations and rules became operational on June 17, 2013, the same day that REDA came into force. With REDA, the regulations and the rules now in place, the new regulatory regime for energy development in Alberta has started to take shape ...
Energy Policy Elert, please click on link to view full publication ...
The Energy Regulatory Commission (CRE) published an administrative resolution declaring the extension of the suspension of all terms and proceedings before such authority until April 30, 2020. This resolution was published in the Federal Official Gazette on April 07, 2020. The administrative resolution A / 014/2020 published today amends CRE's prior resolution A / 010/2020 dated March 24, 2020 (which previously suspended all terms and proceedings from March 24 to April 17, 2020) ...
On May 29th, 2020 the Energy Regulatory Commission (“ CRE ”) published in the Federal Official Gazette an administrative resolution declaring the extension of the suspension of all terms and proceedings before such authority from June 01st, 2020 until the sanitary authorities determine that there are no epidemiologic risks related to the gradual, careful and organized opening of the federal public administration activities ...
The headlines of the just announced energy strategy were already well known and the comments of ‘missed opportunities’ by various interested parties were equally predictable. Green targets to reduce demand such as energy efficiency measures and improving home insulation have fallen by the wayside, as have those for businesses and organisations on the demand side, with no mention of measures such as plant and equipment switching, on-site renewables or fuel switching ...
Our Energy practice group has been following the progress of the legislative project which aims to clarify the requirements and processes for offshore wind power in the Finnish exclusive economic zone ("EEZ"). On 23 May 2024, the Finnish Ministry of Economic Affairs and Employment ("Ministry") held a third stakeholder meeting to inform and discuss in detail the draft government proposal, which has just been submitted for consultation ...
Finnish electricity and gas transmission system operators, Fingrid and Gasgrid Finland have on 7 November 2023 published the final report of a joint project that commenced in spring 2021, exploring energy development and enabling the growth of the hydrogen economy in Finland. We have summarised the key findings of the report in the article below ...
Interest in the development of offshore wind power projects in Finland has increased significantly in recent times. As project developers are exploring the opportunities to construct wind farms in the exclusive economic zone ("EEZ") of Finland, many find themselves wondering how the permitting process will be arranged and how the final project developer with the exclusivity over an area will be selected ...
Renewable energy projects affecting the environment, such as wind and solar projects, currently require multiple permits from different authorities, which may make the permitting processes rather burdensome and unpredictable. To tackle this, the government is looking to streamline and standardize the permitting process by developing a "one stop shop" in order to boost new investments in Finland and make the processes more predictable ...
In recent years, there has been an increase in understanding the impacts of wind power development, which has also led to legislative changes in the sector. To reflect this development, the Finnish Ministry of the Environment is currently updating its Wind Power Guide, which was published in 2016. In this article, our Energy practice's Associates Teemu Huhtala and Janne Helaskoski discuss the key objectives and the main features of the revision of the Wind Power Guide ...
The UKCS is the largest decommissioning market in the North Sea. There are around 475 fixed facilities, over 10,000 kilometres of pipeline and approximately 5,000 wells. These will all need to be decommissioned over the next 30 years, when they reach the end of their economic life, at an estimated cost of £59.7 billion ...
On January 7, 2013 there was published in the Federal Official Gazette a Ruling where by the Energy Regulatory Commission makes an invitation to bid under the open international tender LIC-GAS-019-2012 covering the first permit for natural gas distribution in the western geographical area, formed by the municipalities of Sayula, Tuxpan and Zapotlán el Grande, in the state of Jalisco, and the municipalities of Amería, Colima, Manzanillo, Tecomán and Villa de Alvarez, in the state o
2018 Summer Associate Molly Barham contributed to this alert. Two years ago, right after crude oil prices hit rock bottom in the middle of the worst downturn for U.S. producers since the 1980s, the Office of the Comptroller of the Currency (“OCC”) revised its Handbook for Examination of Oil and Gas Exploration and Production Lending (“E&P Handbook”) ...
The aviation industry came to a standstill this month due to the outbreak of the Covid-19 virus, and this has hit the airlines worldwide. With the majority of the fleet on the tarmac, we could potentially see a number of airlines defaulting on their lease agreements and loan facilities. The question of how to enforce security or repossess an aircraft could sadly turn out to be something the lessors and the lenders would have to look into more closely in the time to come ...
Does the Covid-19 pandemic (or actions taken to counter the spread of Covid-19) constitute a Force Majeure in a refit/ repair contract? Is there any implied right of relief for the contractor or the owner? Under English law, unlike civil law systems, a force majeure is neither defined nor automatically applicable to commercial contracts ...
Does the COVID-19 pandemic (or actions taken to counter the spread of COVID-19) constitute Force Majeure and is there any implied remedy (e.g. implied force majeure relief) arising as a result of the COVID-19 pandemic? Under English law, unlike civil law systems, force majeure is neither defined nor automatically applicable to commercial contracts ...
Under English law, unlike civil law systems, a force majeure is neither defined nor automatically applicable to commercial contracts ...
Newbuilding contracts: When does title in the ship pass from the shipbuilder to the shipowner? Can the parties agree to change when title will pass? Usually shipbuilding contracts are negotiated on standard forms such as the SAJ form produced by the Shipbuilders’ Association of Japan and the AWES form produced by the Association of European Shipbuilders and Shiprepairers ...
British Government aims to forbid import of commodities from deforested areas as a consequence of international discussions focused on ESG. In 2019, the British Government hired the independent consultancy 'Global Resource Initiative' ("GRI") to evaluate actions to ensure a more sustainable economy for the United Kingdom ...
Many regulated entities are struggling to comply with certain environmental reporting, monitoring and settlement agreement requirements because of the impact of shelter in place orders, supply chain disruptions, and social distancing requirements relating to the COVID-19 pandemic response ...
