Turkish Energy Minister Taner Yıldız speaks at a press conference. AA Photo
An agreement reached between Baghdad and Arbil is a guarantee of stability for the country and the region, said Turkish Energy Minister Taner Yıldız at a press conference in the northwestern Turkish province of Kocaeli.
“Stabilization in the country means stabilization for the region, so this is pleasing news,” said Yıldız. Turkey has exported 25 million barrels of northern Iraqi oil, which corresponds to revenue of over $2 billion, Yıldız said.
“This revenue is for the people of Iraq. This situation shows that Turkey’s foresight and strategies are right to the point, and it is a contribution to the region as well,” he said. Continue reading →
Rising production of U.S. shale gas and tight oil is sparking a debate about energy exports. But getting crude oil and natural gas out of the United States is complicated by regulatory, economic, environmental, and political concerns. Constraints on exports need to be relaxed, and costly infrastructure to liquefy natural gas and transport crude oil out of the United States must be expanded before exports can reach foreign buyers. Proponents of allowing U.S. oil and gas exports appear to be winning the argument, and some advocates predict significant impact on prices and international relations, especially by reducing reliance on Middle Eastern oil and freeing Europe from its dependence on Russian energy. Many experts, however, caution that while the United States will benefit from exports, the overall market and geopolitical effects will be less dramatic than expected. Continue reading →
English: WASHINGTON (Oct. 7, 2011) An advanced metering infrastructure smart meter monitors energy consumption near the Catering and Conference Center at the Washington Navy Yard. The smart meter records energy consumption data every 15 minutes and sends information to a single, secure system allowing managers to monitor and control energy systems throughout the installation. (U.S. Navy photo by Mass Communication Specialist 2nd Class Kiona Miller/Released) (Photo credit: Wikipedia)
Lose customer data and lose your licence
The government plans to place a specific obligation for data security on the suppliers of smart meters as part of its conditions for granting licences to install the technology and use it to monitor customers’ energy supplies, it has confirmed.
In its latest consultation [18-page/118KB PDF] on use of the technology, the Department for Energy and Climate Change (DECC) has set out steps suppliers will have to carry out to ensure their systems are secure to an “appropriate standard” in the period running up until the launch of its Data and Communications Company (DCC).
Suppliers will have to conduct an initial risk assessment of their end-to-end systems as well as ongoing risk assessments as new threats emerge, and will have to have annual independent security risk audits conducted by external specialists.
Suppliers will also be expected to have incident management procedures, enabling them to identify and respond to security incidents in a coordinated manner, in place along with business continuity and disaster recovery procedures. They will also be expected to install physical security controls to protect equipment that interacts with the smart metering system.
“The government is committed to ensuring security is embedded into the design process for smart meters and their communication systems from the start, and to create a framework that allows systems and processes to continue to be fit for purpose as security risks, technology and the requirements continue to evolve,” the DECC said in the document. “Given the potential for a security incident, of any nature, to undermine confidence in smart metering … the government has proposed that obligations should be placed on suppliers in advance of DCC ‘go live’.”