Natural gas left, right and centre at Energy Union conference in Riga
February 11, 2015
Massive infrastructure for transporting natural gas is shaping up to be a centre piece of the Energy Union put forward by the Juncker Commission. This was also the impression Bankwatch campaigners had at an Energy Union conference in Riga last week.
European Investment Bank confirms plans to finance Trans-Adriatic Pipeline
February 4, 2015
On February 2, during the annual meeting between civil society and the European Investment Bank’s (EIB) Board of Directors, the EIB revealed that the Trans-Adriatic Pipeline (TAP) was among its priority projects for 2015 in the Balkans.[*] The Trans-Adriatic Pipeline, planned to stretch from Greece via Albania and the Adriatic Sea to Italy, is part of the Southern Gas Corridor, a chain of projects meant to bring natural gas to Europe from the Shah Deniz offshore gas field in Azerbaijan.
EBRD-EIB role in Slovak private equity gas debacle questioned
December 2, 2014
The European Bank for Reconstruction and Development (EBRD) has revealed, in a letter of late October to Bankwatch’s Slovak member group Friends of the Earth-CEPA, that the EnerCap Power Fund, a private equity investor, has pulled out of the controversial COGEN gas power plant being developed in the northern Slovakian town of Považský Chlmec.
