According to the professor from the University of Stavanger, specific climatic conditions, lack of technologies and low oil extraction factor detain the improvement of oil recovery profitability.
After New Year holidays Minister-Counselor for energy and coal industry of Ukraine, Maksim Belyavskiy, declared that in 2018 Ukraine “will increase annual green energy output by 20%”.
On January, 10th, head of FRG Ministry of Foreign Affairs Sigmar Gabriel put forward an initiative on a step-by-step lifting of anti-Russia sanctions if lasting truce in the south-east of Ukraine is maintained.
In 2017, Gazprom supplied 8.25 billion cubic meters of gas to Austria – by 40.7% more than in 2016. The historical record, settled in 2005 – 6.8 billion cubic meters, was broken in early November.
The EU countries have reached an integrated agreement on the development of renewable energy sources (RES). In December, they signed a directive on the intention to increase the share of renewable energy to 27% of the overall consumption by 2030.