Mondaq Europe: Energy and Natural Resources
In the Legal Insights edition of 18 March 2013, we presented the potential changes to the Romanian renewable energy scheme, resulting from an unofficial working draft Government Emergency Ordinance (GEO) circulated on the market.
A summary of a substantial set of legislative acts, part of the phenomenon known as the "end of the year" measures.
The Cypriot Government initially planned to schedule a deadline for bids for oil and gas tenders for April 2013, but is now extending the deadline for an undisclosed period of time
A discussion around the domestic sector for oil and gas in Cyprus.
In late 2011, Noble Energy International Ltd announced the discovery of an average of 7 trillion cubic feet of natural gas in Block 12 of the Republic of Cyprus’ Exclusive Economic Zone, which opened the way to a second hydrocarbons licencing round with the involvement of some major international companies and consortia enthusiastic about exploring and exploiting in the future these potentially vast reserves.
On 19 September 2012, the Czech parliament overruled a presidential veto and passed an amendment to Act No. 406/2000 Coll., on energy management (the "Amendment").
Unlike most traded commodity markets, the market for trading carbon credits or emissions allowances in the EU is not one based on its utility, usage or consumption.
As part of the process of assessing the status of finalising the Internal Energy Market (IEM), the European Commission at the end of 2012 presented a Communication on the state of play in EU-27.
On 24 January 2013, the Commission announced and published a Proposal for a Di-rective on the deployment of alternative fuels infrastructure (‘the Proposal’).
As part of the process of assessing the status of finalising the Internal Energy Market (IEM), the European Commission at the end of 2012 presented a Communication on the state of play in EU-27.
A list of the most recent legislative updates relating to energy and utilities.
The latest Status Review of Renewable and Energy Efficiency Support Schemes in Europe published by the Council of European Energy Regulators (CEER) shows that in most member states, the support schemes are financed by passing on suppliers' costs to end-users.
The Energy Efficiency Directive brings forward legally binding measures to step up Member States' efforts to use energy more efficiently at all stages of the energy chain - from the transformation of energy and its distribution to its final consumption.
The Western European markets have been the main driver of several of the renewables markets (wind and solar) for more than a decade and the German EEG (Renewable Energy Act) has been the model for many other countries in their attempt to create a regime which would attract foreign investors and financing.
In order to liberalise the EU's internal energy market, three consecutive legislative packages of measures were adopted since late 1990s to 2009
Finland was ranked no. 1 in the Fraser Institute Annual Survey of Mining Companies.
The new Finnish Mining Act has entered into force on 1 July 2011.
The new Finnish Mining Act has entered into force on 1 July 2011.
In 2013, Hungary has introduced a 10% household utilities price cut in the field of electricity, gas and district heating.
On 1 March 2013 the Single Electricity Market Committee, the regulator of the wholesale market for electricity, published a key decision affecting all wind energy generators on the island of Ireland.
In the Legal Insights edition of 18 March 2013, we presented the potential changes to the Romanian renewable energy scheme, resulting from an unofficial working draft Government Emergency Ordinance (GEO) circulated on the market.
The Cypriot Government initially planned to schedule a deadline for bids for oil and gas tenders for April 2013, but is now extending the deadline for an undisclosed period of time
An important step in the gradual liberalisation of the Hungarian electricity market was the implementation of the Second Electricity Directive.
Romania seems to be one of the most attractive CEE jurisdictions for renewable energy investments, due to the generous support scheme which generated increasing enthusiasm over the past few years.
The main piece of legislation regulating electricity trading in Romania is the Energy Act 2012 (Legea energiei).
The new Electricity Market Law No. 6446 entered into force on March 30, 2013, with the objectives of developing a transparent and competitive electricity market, achieving stability of supply, and ensuring good quality, low cost and environmentally friendly electricity.
The new Electricity Market Law No. 6446 was enacted by the Turkish Grand National Assembly on 14 March 2013 and published in the Official Gazette numbered 28603 on 30 March 2013.
The developments on Turkey’s electricity market have rapidly changed the rules of the game, pushing the sector towards progressive liberalisation, and the market players towards fast adaptation to the new environment.
"Procedures and Principles concerning the Legal Unbundling of Distribution Systems and Retail Sales" was published within the Official Gazette dated September 27, 2012 and numbered 28424 within the scope of The Energy Market Regulatory Authority ("EMRA") Resolution dated September 12, 2012 and numbered 4019 ("Resolution").
More than eleven years have passed since the Electricity Market Law numbered 46281 (the "EML") was enacted with the purpose of establishing a financially strong energy market, operating subject to private law provisions in a competitive environment, and securing the supply of sufficient, safe, uninterrupted, economical, environmentally friendly, and high-quality electrical energy.
The new draft law of 2012 Numbered 5486 marking the first proper legislative action for the petroleum sector, has been presented to the Parliament for approval on 21 December 2012.
The knock-on effects of the global economic crisis have influenced the financing of the commodities trading industry.
In our last Alert, we assessed the philosophy of the NEC Engineering and Construction Contract against the FIDIC Conditions of Contract for EPC/Turnkey Projects.
The global demand for natural resources continues unabated. As revenues increase and profits soar in the face of this demand, there has been a resurgence of "resource nationalism" with resource-rich host states seeking greater control or a larger share of the revenue generated from its resources.
The CRC Energy Efficiency Scheme Order 2013 will soon replace in its entirety the 2010 Order for the operation of the now much criticised CRC Energy Efficiency Scheme.
A look at the top issues facing the global oil and gas sector.
The CRC Energy Efficiency Scheme Order 2013 will soon replace in its entirety the 2010 Order for the operation of the now much criticised CRC Energy Efficiency Scheme.
Unlike most traded commodity markets, the market for trading carbon credits or emissions allowances in the EU is not one based on its utility, usage or consumption.
Much of EMIR is now coming more clearly into focus. But a major unknown has for a long time been the question of margin requirements for uncleared OTC derivatives.
The Solar Energy Industries Association and GTM Research have released a report on 2012 developments in the U.S. Solar Market.
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The Cypriot Government initially planned to schedule a deadline for bids for oil and gas tenders for April 2013, but is now extending the deadline for an undisclosed period of time
The knock-on effects of the global economic crisis have influenced the financing of the commodities trading industry.
The Engineering and Construction Contract (NEC3) and FIDIC Conditions of Contract for EPC/Turnkey Projects (FIDIC Silver) are both popular standard forms of engineering and construction contract.
A report representing a compilation of views from those in our firm engaged in commodity markets.
In the Legal Insights edition of 18 March 2013, we presented the potential changes to the Romanian renewable energy scheme, resulting from an unofficial working draft Government Emergency Ordinance (GEO) circulated on the market.
The new Electricity Market Law No. 6446 was enacted by the Turkish Grand National Assembly on 14 March 2013 and published in the Official Gazette numbered 28603 on 30 March 2013.
In our last Alert, we assessed the philosophy of the NEC Engineering and Construction Contract against the FIDIC Conditions of Contract for EPC/Turnkey Projects.
The Solar Energy Industries Association and GTM Research have released a report on 2012 developments in the U.S. Solar Market.
April 10 is the date that certain regulations made by the US Commodities Futures Trading Commission under the US Dodd-Frank Act come into effect.
The developments on Turkey’s electricity market have rapidly changed the rules of the game, pushing the sector towards progressive liberalisation, and the market players towards fast adaptation to the new environment.
