Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

05/24 12:41   Russia would like to resume EAEU, EU consultations on common economic space - Ulyukayev
 
05/24 12:40   No contract so far on delivery of NASA astronauts to ISS after 2018 - Roscosmos
 
05/24 12:35   Russian authorities trying to keep budget deficit in 2016 within 3% of GDP - Ulyukayev
 
05/24 12:34   PROBABILITY OF LIFTING EUROPEAN SANCTIONS AGAINST RUSSIA IN SUMMER OF THIS YEAR LOWER THAN THEIR EXTENSION - ULYUKAYEV
 
05/24 12:32   Premature to raise issue of sending OSCE electoral mission to Donbas - Russian Foreign Ministry source (Part 2)
 
05/24 12:32   Seven Ukrainian servicemen killed in Donbas over past day - Turchynov
 
05/24 12:31   Some 300 athletes worldwide test positive for meldonium - Mutko (Part 2)
 
05/24 12:31   SERBIA TO BUY TWO LARGE MULTI-ROLE MILITARY HELICOPTERS FROM RUSSIA - SERBIAN INTERIOR MINISTER
 
05/24 12:28   RUSSIA WOULD LIKE TO RESUME CONSULTATIONS BETWEEN EAEU AND EU ON COMMON ECONOMIC SPACE - ULYUKAYEV
 
05/24 12:27   Moscow interbank bid & offered rate
 





 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
 

.
U.S. Department of State Special Envoy and Coordinator for International Energy Affairs Amos Hochstein has given an interview to Interfax‘s special correspndent in the United States Ksenia Baygarova in which he speaks about why the United States has started to export oil and gas, how realistic the intention of oil producing countries to freeze oil production is, and how U.S. energy companies react to sanctions against Russia.

more
.
.
Newly appointed British Ambassador to Russia Laurie Bristow has given an interview to Interfax in which he speaks with about the current situation in British-Russian relations in the political, economic and cultural spheres, about Londons position on the crises in Syria and Ukraine and shares his opinion on the Yury Gagarin flight.

more
.
.
World Jewish Congress President Ronald Lauder has given an interview to Interfax in which he speaks about issues that he discussed at a meeting with Russian President Vladimir Putin, about how the inflow of immigrants has influenced the situation with anti-Semitism in Europe and about attempts to rewrite the WW II history.

more
.
.
Greek Ambassador to Russia Danai-Magdalini Koumanakou has given an interview to Interfax in which she speaks about prospects for cancelling EU sanctions against Russia, Athens‘s position of the South Stream project, the EU-Turkey agreement on refugees and her expectations from the upcoming tourist season and Russia-Greece Cross Year.

more
.
.
Egyptian Foreign Minister Sameh Shoukry has given an interview to Interfax after this talks with Russian Foreign Minister Sergei Lavrov in which he speaks about prospects for resumption of air communication with Russia, the investigation of the A321 tragedy and Russian-Indian cooperation in the military and technological cooperation.

more
.
.
Israeli President has given an interview to Interfax ahead of his visit to Russia in which he speaks about Russia‘s role in the Middle East region, Israel‘s attitude to Iran and the recent terrorist attack in Jaffa.

more
.
.
U.S. Under Secretary of State for Arms Control and International Security State Rose Gottemoeller has given an interview to Interfax in which she speaks about U.S.-Russian issues over the INF Treaty and states that the United States is not going to return to the IV stage of its missile shield in Europe and not going to return nuclear arms to the Korean peninsula.

more

 
  
 ©   1991—2016   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