Archive | Energy in EU Neighbourhood RSS feed for this section

Lost in transition: Far-reaching changes needed as European bank marks 25 years

On April 15, the European Bank for Reconstruction and Development (EBRD) will be marking its 25th anniversary. Reflecting on two decades of monitoring the EBRD’s policies and projects, a new report from CEE Bankwatch Network raises concerns about a growing gap between the bank’s operations and its mandate. The full report Lost in Transition: 25 […]

Read more

Clouds darken over the TAP, Switzerland’s flagship gas pipeline

  By Federico Franchini, published in French on La Cité on 9 December 2015.   121 million Swiss Francs: these are the losses recorded at the end of 2014 by the Trans Adriatic Pipeline AG (TAP) company, the consortium in charge of the trans-Adriatic gas pipeline which has its headquarters in Baar, in the Zoug […]

Read more

NGOs demand: No public money for Lukoil and mega gas project in Azerbaijan

On Wednesday 22 July the European Bank for Reconstruction and Development (EBRD) will decide whether it will arrange a loan of up to $ 500 million to Russia’s Lukoil for the Shah Deniz II offshore gas project in Azerbaijan. Together with the campaigners of Sport for Rights and sixteen other NGOs, Counter Balance has written […]

Read more

Italian mayor stands up against EU priority gas pipeline

In an open letter (English)* to the EU institutions an Italian mayor has voiced the local opposition to the Trans-Adriatic gas pipeline (TAP) in Italy. Civil society organisations and local authorities fear the pipeline will affect the environment and the safety of their communities and demand the EU not to finance the project. By Xavier […]

Read more

EBRD has to say no to Egyptian coal imports

Cairo — Ahead of tomorrow’s Board vote on the EBRD loan to CEMEX Egypt, a number of civil society organisations urge the bank to reject this project not only because it involves support for dirty coal-based production but also because it actually means promoting the plans of a repressive government despite opposition from civil society. […]

Read more

EU priority gas pipeline faces fierce opposition in Italy

The Southern gas corridor, a gas pipeline that has to bring gas from Azerbaijan all the way to Italy and which has been prioritized by the European Commission has come under serious pressure because of strong opposition from local communities where the pipeline enters the land. Marco Potì, major of the town Melendugno in Southern […]

Read more

European Investment Bank confirms plans to finance Trans-Adriatic Pipeline

On February 2, during the annual meeting between civil society and the European Investment Bank’s (EIB) Board of Directors, the EIB revealed that the Trans-Adriatic Pipeline (TAP) was among its priority projects for 2015 in the Balkans.[*] By Kuba Gogolewski, MENA project coordinator, crossposted from Bankwatch website The Trans-Adriatic Pipeline, planned to stretch from Greece […]

Read more

Pipe Dreams: Why the Southern Gas Corridor will not reduce EU dependency on Russia

Brussels – The Southern Gas Corridor*, the EU’s new pet energy project, is not only unnecessary in light of gas demand projections, but also seems likely to fall short on the much flaunted goal of bringing energy independence from Russia, according to a new NGO study “Pipe Dreams”* published today. According to calculations included in […]

Read more

Energy security for Europe or profit for Lukoil?

Despite the Russian invasion in Ukraine leading to EU and US sanctions against Moscow and major Russian energy companies, public banks supported by EU countries are just gearing up to offer a one billion dollar loan to Russian company Lukoil for gas extraction in Azerbaijan. By Fidanka Bacheva-McGrath EBRD campaign coordinator Half a billion dollars […]

Read more

The Euro-Caspian Mega Pipeline – another ‘Blair rich project’

From Bankwatch Mail The hiring of former British prime minister Tony Blair to advise a BP-led consortium pushing forward with plans to pump Caspian gas from Azerbaijan to Europe has bumped the ‘Euro-Caspian Mega Pipeline’ (ECMP) into western media coverage and lead to criticism of yet another unsavoury Blair consultancy. While the gas pipeline infrastructure […]

Read more