Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

03/28 14:52   Security zone around Syria's Palmyra broadened - Russian Defense Ministry
 
03/28 14:50   Syrian army stabilizes situation in al-Hama area with Aerospace Forces' support - Russian Defense Ministry (Part 2)
 
03/28 14:50   Truce breach instances not decreasing in Syria, ceasefire openly disrupted in some cases - Russian Defense Ministry (Part 2)
 
03/28 14:49   FAS names Russian subsidiaries of HP, Lenovo as respondents in Vybory computer case
 
03/28 14:48   U.S. missiles in Romania, Poland threatening entire European part of Russia - Defense Ministry
 
03/28 14:42   U.S.-deployed missile defense system creates secret powerful component for possible surprise nuclear missile strike - Russian General Staff
 
03/28 14:39   PHOSAGRO SAYS WILL BOOST FERTILIZER PRODUCTION 20% TO 8.7 MLN TONNES BY 2020
 
03/28 14:39   Russia has to respond proportionately to growing U.S. missile defense capability - General Staff
 
03/28 14:39   FAS NAMES RUSSIAN SUBSIDIARIES OF HP, LENOVO AS DEFENDANTS IN CASE CONCERNING PURCHASE OF COMPUTERS FOR STATE AUTOMATED SYSTEM VYBORY - FAS STATEMENT
 
03/28 14:37   PHOSAGRO TO CUT CAPEX ALMOST 30% TO 29.5 BLN RUBLES IN 2017 - COMPANY
 



 Subscription
You can access a demo version of, recieve more information about or subscribe to Interfax publications by filling in and sending the form below.

First name:


Last name:


Company:


Division:


E-mail:


Phone:


Country:


City:


Please enter the digits in the box below:

 

Interfax.com  |  Interviews  |  Birnbaum: Gas needs negative developments in coal



Interviews


March 19, 2014

Birnbaum: Gas needs negative developments in coal


Interfax spoke to Dr. Leonhard Birnbaum, member of the board of management for markets and services at E.On, about the energy balance in Europe and gass place in it.


Interfax: Gazprom has said it is keen to expand its European gas-to-power portfolio. Do you think well see other upstream players, such as Statoil, moving in to pick up combined cycle gas turbines (CCGTs) at rock bottom prices?

Leonhard Birnbaum: Maybe at a bargain price we will see that, if they want to keep volumes up. But whether it really happens will depend on many factors and you will have to ask them.

Interfax: By how much would gas need to decrease in price by for CCGTs to make commercial sense?

LB: Gas prices would need to fall significantly, by something up to 50%, depending on your assumptions especially those for CO2 and coal prices.

Interfax: Could upstream companies supply it at that price?

LB: Actually, gas is so much out of the money with cheap coal and cheap CO2, it will only move into the money if there is not just a positive development on the gas side, but a negative development on the coal side. This would mean either coal consolidating and becoming more expensive or by regulatory intervention such as the emission standards discussed in the United States or whatever that just pushes coal out. So it doesnt just happen on a cost basis. Thats why, if this gas is required for security of supply, then well need some capacity mechanisms.

Interfax: What are your thoughts on the European Emissions Trading System?

LB: The [EU allowance] prices are low because demand is low and because we have been pumping lots of money into renewables. Now why should customers pay a second time on the CO2 side if theyve already paid on the renewables side? So, from that standpoint, the EU ETS is working it delivers a low price for a low demand. If, however, the political sentiment is that there needs to be a higher price, then the target needs to be adjusted. Then you should go for a more aggressive target, which is what E.On is advocating: put in a 40% or 50% CO2 reduction target and you will see a higher price again. CO2 abatement via the ETS should be the key element of EU climate policy. All other targets should be coordinated with it to avoid distortions between the targets.

Interfax: Is that what you think will happen?

LB: The European Commission actually proposed a 40% target, which I think were going to see eventually. I still dont believe that this is going to explode CO2 prices, but it is a step into the right direction.

Interfax: Is the trend of rising emissions in Germany likely to influence energy policy in future?

LB: Its going to play a role. In Germany, we have paid 100 billion ($140 billion) so far for renewable subsidies. But emissions increase. The system is not efficient and subsidies do not incentivise intelligent technology. I believe the main concern right now is around competitiveness I think we always have the three goals of security of supply, sustainability and affordability. And, while in the past few years we always had an overwhelming focus on renewables and sustainability, I think that has now moved to economics. I think the most relevant target function in society, and indeed even in politics right now, is competitiveness, so I dont see a short-term a push against coal or lignite. You can always be proven wrong, but I dont see that as the main issue in the next 2-3 years or beyond that.



Interviews
 

.
OSCE Chairperson-in-Office, Austrian Foreign Minister Sebastian Kurz has given an interview to Interfax in which he speaks about his vision of the Ukrainian settlement and the role of the SMM OSCE in it, about conditions under which EU sanctions against Russia can be lifted at any time and tells about what he values in his Russian counterpart Sergei Lavrov.

more
.
.
Pakistani Minister of Planning, Development and Reform Ahsan Iqbal has given an interview to Interfax in the wake of his visit to Moscow in which he speaks about prospects of interaction between Russia and Pakistan in various spheres, prospects of Russias joining the China-Pakistan economic corridor project, the settlement in Afghanistan and prospects of Pakistans joining the Nuclear Non-proliferation Treaty.

more
.
.
Head of the delegation of the International Committee of the Red Cross (ICRC) in Russia, Belarus and Moldova Magne Barth has explained the position of the ICRC on interaction with Russian military in Syria. Earlier the Russian Defense Ministry called the ICRC reaction regarding the death of two Russian medical workers in a strike on a Russian military hospital in Syrias Aleppo cynical.

more
.
.
President of the International Committee of the Red Cross Peter Maurer has given an interview to Interfax correspondent Alexander Korzun ahead of his visit to Russia on November 23-25, in which he speaks about topics he would discuss with Russian officials, his assessment of ICRC interaction with Russia, and problems that the organization faces in Syria and Ukraine.

more
.
.
Palestinian National Authority head Mahmoud Abbas has given an interview to Interfax ahead of a visit of Russian Prime Minister Dmitry Medvedev to Palestine, in which he speaks about Moscow‘s effort to organize Palestine-Israeli negotiations and prospects of an international conference on the Middle East settlement and expressed hope that Russian President Vladimir Putin will in the near future visit Palestine.

more
.
.
Rose Gottemoeller, who is serving her final days in the post of U.S. Under Secretary of State for Arms Control and International Security and who will soon leave for Brussels, where she will take the position of NATO Deputy Secretary General, has given an interview to Interfax correspondent Ksenia Baygarova, in which she speaks about Moscows recent decision to suspend the Plutonium Management and Disposition Agreement.

more
.
.
George Papadopoulos has been one of U.S. presidential candidate Donald Trumps foreign political advisors since March 2016. Prior to this, he was an advisor to Ben Carson, a neurosurgeon and Republican Party member who dropped out of the presidential race. Papadopoulos previously worked for various research institutes dealing with global politics. His sphere of interest is global energy. Papadopoulos has given an interview to Interfaxs correspondent Ksenia Baygarova in which he discusses his views on U.S.-Russia relations, the Syrian crisis, NATO expansion and the dependence of the EU on Russian energy. Papadopoulos noted that his opinion does not necessarily coincide with that of Trump.

more

 
  
 ©   1991—2017   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100