Page 15 - EurOil Week 12 2023
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EurOil                                      NEWS IN BRIEF                                             EurOil


       production, end of this month.      to weaken EURO 7 emission            Eurosceptic wing of ODS.
         “As South Akcakoca 2, Guluc 2 and                                        “The norm is very draconic the way
       West Akcakoca 1 wells targeted resource   standard                       European Commission has proposed
       prospects, not reserves, Trillion has                                    it,” Vondra told Czech Radio. “There are
       significantly increased the proved reserves   The Czech Minister of Transportation   absolutely draconic timelines, the system of
       through the drilling program to date. We   Martin Kupka (ODS) initiated a meeting of   the monitoring of further emissions, which
       expect to release our updated reserve report   eight EU member states which, according   would effectively end the production of cars
       by the end of the month.”           to him, want to block the EURO 7/VII   with CO2 in two years, which would affect
                                           law aimed at limiting health-harming car   the low-income parts of the population
                                           pollutants.                          primarily,” he added.
       Bulgaria’s Bulgargaz proposes       German-initiated objections put the   aim was to “talk about our objections to the
                                                                                  Kupka also tweeted from Strasbourg his
                                             This comes shortly after surprise
       lower price of natural gas for      EU’s CO2 law on hold, renewing the car   draft of the EURO 7 emission standard and
                                           industry’s lobbying to weaken the EU’s
                                                                                the possibilities of mutual cooperation in
       April, May                          efforts to phase out combustion engines by   promoting its change”. At a press conference
                                           2035.
                                                                                in Prague, he mentioned France and Spain
       Bulgaria’s state-owned gas supplier   “We managed to organise a meeting of   among the countries he wants to talk to
       Bulgargaz said on March 14 it has proposed   eight important [member] states which   over changes to EURO 7.
       to the state energy and water regulation   have a similar view of EURO 7 as the   ODS has a long history of Eurosceptic
       committee (KEVR) to lower wholesale   Czech Republic,” Kupka posted on Twitter   and climate sceptic views, most notably
       price of natural gas for April and May amid   from Strasbourg late on Monday. “Eight   personified by its founder Vaclav Klaus,
       falling prices on international markets.  states means a clear message that EURO 7   who left the party years ago and gradually
         The natural gas price in Bulgaria has   needs to change,” he added in reference to   moved to extremist positions openly
       been falling since the start of the year as   Germany, Italy, Poland, Hungary, Portugal,   supporting far-right SDP party advocating
       the country is receiving cheaper gas from   Romania, and Slovakia.       Czexit in the municipal election last
       Azerbajan and thanks to falling prices on   Kupka argues that the implementation   autumn.
       international markets.              of EURO 7 threatens to make the EU car   ODS’s current leader and Czech Prime
         For April, Bulgargaz proposes a price   industry less competitive and that it would   Minister Petr Fiala has profiled himself as
       of BGN103.08 (€52.7) per MWh, down by   slow down the overall shift to less polluting   a more moderate politician, giving ODS
       3.42% m/m.                          cars.                                a new face not connected to the many
         For May, the company is seeking a   At a press conference in Prague before   corruption scandals for which the party
       further decrease of price, by 10.23% y/y to   leaving for Strasbourg, Kupka said that   became notorious in the late 2000s and
       BGN92.54 per MWh.                   “emissions norm EURO 7 would at present   early 2010s, effectively paving the way for
         At the start of March, KEVR approved   threaten automobile industry across the   populist billionaire Andrej Babis and his
       a gas price valid for March of BGN106.74   whole Europe. Together with it work   anti-corruption agenda, which catapulted
       per MWh, or 14.15% lower compared to   opportunities would be threatened as well”.  him to the government after the elections
       February.                             Kupka said he wants a “more realistic   in 2013. His party ANO remained in power
                                           version of the norm” and was joined in   until ousted by the ODS-led bloc of right-
                                           Strasbourg by Czech MEP and his party   wing and centrist parties in the election in
       Czech government leads efforts      colleague Alexandr Vondra, who is one of   2021. ™
                                           the vocal representatives of the climate and






































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