Page 16 - EurOil Week 40 2021

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the Tartu Administrative Court dismissed frameworks.
the appeal, following which the NGO
Spain remains assured of appealed the decision. The dispute is Turkey’s natural gas
currently pending on the second-tier level.
continued Algerian gas brings together Estonian members of imports up by around one
In April last year, the NGO, which
supplies the Climate Strike Movement Fridays
For Future, filed a complaint with the
Algerian authorities confirmed that the Tartu Administrative Court, seeking the third in July
country will guarantee its natural gas revocation of the building permit for the Turkey’s natural gas imports expanded by
supplies to Spain, Spanish Foreign Minister plant. Simultaneously with the complaint, around a third in July year on year, energy
Jose Albares said in a statement following a the complainant made an application for watchdog data showed on October 1.
visit to Algiers. The continuity of Algerian interim legal protection to suspend the Purchases gained 30.1% to 4.05bn cubic
liquefied natural gas (LNG) flow to Spain validity of the contested building permit metres (bcm) from 3.1 bcm in July 2020, the
comes amid a looming energy crisis that is for the duration of the legal proceedings. Turkish Energy Market Regulatory Authority
spreading across Europe. The NGO contested the building permit (EPDK) said in its monthly natural gas market
Earlier last month, Algeria and Morocco on the grounds that the oil plant to be set report.
cut their diplomatic relations, causing up on the basis of the permit will have, in Turkey imported 3.48 bcm of natural gas
Spain to worry about its gas supplies, as the their opinion, an impact on climate change via pipelines, up 33.7% y/y. Another 568mn
country traditionally depends on its Algerian and sustainable development, which is cubic metres (mcm) was purchased as
gas supplies via a pipeline linking Algeria to why the implementation of the building liquefied natural gas (LNG), higher by 11.8%
Spain through Morocco. The three counties permit would not allow the commitments y/y.
signed earlier a 25-gas distribution deal for combating climate change made by Russia was Turkey’s top gas supplier,
that will officially come to an end by end- Estonia under international agreements to supplying 2.30 bcm. Iran and Algeria followed
October. be fulfilled. with 633 mcm and 568 mcm, respectively.
Algeria will now transfer its gas to Spain At present, soil works and other Imports from Russia and Algeria grew by
through a separate pipeline directly over the preparatory works are underway on the 173.5% y/y and 46.6% y/y in July, respectively,
Mediterranean. property of the €321mn future shale oil while imports from Iran fell by 4.7% y/y.
Algeria supplies Spain with nearly 50% plant. The next step is the construction of Turkey’s total gas consumption increased
of its LNG needs, while Morocco functions the foundations of the structures, which by 35% from a year ago to around 3.83 bcm.
as Spain’s top security partner in North according to the plans of Enefit Power will Household consumption decreased by
Africa, where both countries co-operate to start in a month’s time. 4.6% to 239 mcm, while gas use in power
prevent irregular migration, human and plants increased by 72.5% to 1.93 bcm.
drug trafficking, and transnational criminal
enterprises. Gas price jump in Europe ‘to

not impact stable supply in Kosovo rejects US-funded
Estonia’s top court Serbia’ gas pipeline project

dismisses appeal to block The jump in gas prices in Europe will not Kosovo’s government has rejected the US-
funded gas pipeline project to connect the
construction of Eesti Energia affect gas prices in Serbia because the local country with the regional gas network via
North Macedonia, local media reported on
gas market is currently stable and supplied
oil plant with sufficient quantities, local media October 1.
The project, which would give Kosovo
report.
The Supreme Court of Estonia decided on According to Rasa Kojcic, assistant the opportunity to use liquefied natural gas
October 1 not to accept an appeal from the mining and energy minister, the gas (LNG), was rejected after several months
non-profit MTU Loodusvolu seeking to market in Serbia remains stable and there of discussions with representatives of US
derail the construction of a shale oil plant are also sufficient quantities of the energy Millennium Challenge Corporation (MCC),
by the state-owned power generating group source in the underground storage facility which pledged $200mn for the project. The
Eesti Energia in East-Viru County. Banatski Dvor. rest of the funds were to be provided by
In May this year, the Tartu Circuit Negotiations between Srbijagas and the European Bank for Reconstruction and
Court temporarily suspended the validity Russian partner Gazprom on a new, Development (EBRD) and the EU’s Western
of the construction permit of the planned long-term agreement via which a natural Balkans Investment Framework (WBIF).
shale oil plant issued by the Narva-Joesuu gas supply in the upcoming period will Minister of Economy Artane Rizvanolli
city government on March 27, 2020. In be secured, were in progress, she added, explained on September 30 that the
July, the Tartu Circuit Court revoked the Tanjug new agency reported. project had been rejected due to the lack of
interim injunction at the request of Enefit “The post-pandemic crisis has led to information about its costs needed to build
Power, a subsidiary of Eesti Energia. an increase in the prices of gas on the confidence that it would be the best option for
Then MTU Loodusvolu appealed to the European and global markets, as well as Kosovo’s energy transition.
Supreme Court to annul the order of the problems with delivery from Russia to However, Rizvanolli has announced
Narva-Joesuu city government. Supreme European countries. In addition to that, that they will use the funds earmarked for
Court justices Heiki Loot, Ivo Pilving and increased demand from China will also the programme for lower risk investments,
Viive Ligi decided not to accept the appeal. have an impact on increasing prices, which will also help Kosovo towards the
NGO Loodusvolu has sued the Narva- because China wants to secure additional decarbonisation of the energy sector.
Joesuu city government, requesting the quantities of gas for its economy,” Rizvanolli was cited by Exit.al that the
revocation of the building permit. In June, Kojcic said. ial and governance (ESG) deadline set by the MCC, which will partially

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