May 20, 2012
The Ohio Department of Natural Resources (ODNR) determined that an earthquake in Youngstown, Ohio, which measured 4.0 on the Richter Scale on December 31, 2011, was caused by a Class II deep injection well. The Youngstown New Year’s Eve earthquake had been preceded by a number of minor seismic events between March and December of 2011 in the same area. ODNR based its determination regarding the cause of the earthquake on a number of factors. Its most important conclusion is the fact that the well had been improperly positioned over an existing fault line.
Other factors include:
- The New Year’s Eve earthquake originated in the same location as the Youngstown well with an epicenter on a fault line 9,842.5 feet below the surface, approximately the same depth as the well’s injection site.
- The seismic activities at the site coincided with injections to the well.
- Seismic activities did not begin in 2011 until after operation of the well had commenced.
- Other than the 2011 seismic activities, Youngstown is not a seismically active area.
May 3, 2012
The Estonian parliament is currently discussing a bill on Amendments to the Electricity Market Act (EMA). The bill aims to implement the 3rd electricity directive (2009/72/EC) and to create a solid legal basis for full opening of the Estonian electricity market as from 1 January 2013. The bill was expected to be approved by the end of 2011, but to date, the bill is being debated in the parliament and many amendment proposals have been made to the initial text of the bill.
The full opening of the Estonian electricity market to all consumers from 2013 was agreed in Estonia’s accession treaty to the European Union. Until 2013, the Estonian electricity market is only partially open. About 65 % of the consumers can buy electricity only from the network operators to whose network they are connected (or from a seller nominated by such network operator), and the network operators have a respective selling obligation. The price of electricity sold under the selling obligation is fully regulated, subject to approval by the national energy regulator. Currently, only those consumers whose annual electricity consumption in one connection point exceeds 2 GWh are obliged to buy electricity at the market price from any seller.
May 3, 2012
On 27 and 28 April 2012, TARK GRUNTE SUTKIENE senior associate Imbi Jürgen attended an Energy Law Group(ELG) meeting in Vilnius. During the private session of the meeting, several organisational matters of the group were discussed, including opening of the ELG to new jurisdictions. New Arabic members of the group were introduced.
The public session of the meeting focused on development of Lithuanian energy market towards energy independence. Expert presentations were given on Lithuanian electricity and gas sectors. Amongst other subjects, the participants were given thorough overview of the Lithuanian nuclear energy programme as well as the LNG terminal project in Lithuania.
March 26, 2012
The magazine Energijos Erdvė published an article “Possibilities for new users of renewable energy resources restricted” by Karolis Vinciūnas, an associate of law firm TARK GRUNTE SUTKIENE.
Click here to read the publication (available in Lithuanian).
February 3, 2012
Today, the BC Government announced another in a series of many energy plans and strategies. The 2012 Natural Gas Strategy actually puts energy front and centre for economic development in the Province. The policy released today however was big on ideas, but short on the details.
According to the Government, liquefied natural gas (LNG) is to be the key driver for the provincial economy for decades to come. The global demand for liquefied natural gas is strong and BC’s estimated natural gas reserves are substantial. Local First Nations have expressed support for LNG facilities and the pipelines that will bring the natural gas from the North. Nominating LNG as a pillar of the BC economy makes good sense. How the new energy plan is implemented is of course, critical.
January 23, 2012
On 16 January, Tele2 Eesti and the state-owned energy giant Eesti Energia entered into an agreement for the purchase of Eesti Energia’s subsidiary Televõrgu AS for EUR 25 million. Being one of Estonia’s leading telecommunications companies, Televõrgu AS operates a nationwide fibre-optic telecommunications network and offers wireless internet access services named Kõu. The transaction will be closed after permission has been received from the Estonian Competition Authority.