Europe
Gazprom’s Grandeur Fades as Europe Moves Away from Russian Gas
Gazprom’s dominance in Europe has collapsed as the region moves away from Russian gas, forcing the company to cut jobs, sell luxury assets, and rely on domestic markets. Once a key driver of Russia’s economy, Gazprom now struggles with losses, declining exports, and an uncertain future.
Ukraine Eyes U.S. LNG Imports as Gas Needs Grow
Ukraine may import large volumes of U.S. gas this year via terminals in Germany, Greece, Lithuania and Poland, its state gas operator said, as Kyiv struggles with the impact of Russian attacks on its infrastructure.
Italy Approves Italgas' $5.8 Billion 2i Rete Gas Deal with Conditions
Italy's antitrust has conditionally approved the acquisition of 2i Rete Gas by domestic rival Italgas, the largest gas distributor in Europe, the authority said on Tuesday
Russian Forces Walked Inside Gas Pipeline to Ambush Ukrainian Troops, Reports Say
Russia was storming the town of Sudzha on Sunday after special forces used a gas pipeline to surprise Ukrainian units as part of a major offensive to eject Ukrainian soldiers from the western Russian region of Kursk, pro-Russian war bloggers said.
Naftogaz, Poland’s Orlen Partner on LNG to Boost Ukraine’s Gas Supply
Ukrainian oil and gas company Naftogaz and Polish energy group Orlen signed an agreement on Friday to cooperate in the liquefied natural gas (LNG) sector and help Kyiv to diversify its gas supplies, the companies said.
Explainer: Can Nord Stream Gas Pipeline Make a Comeback in Europe?
A push by the United States to end the war in Ukraine has raised questions about how companies might begin to return to the Russian market and how Europe might re-engage with Moscow, including resuming piped natural gas supplies.
Ireland Approves Emergency Floating LNG Facility to Address Gas Supply Risks
The Irish government has approved development of a temporary emergency facility for importing and storing liquefied natural gas (LNG), it said on Tuesday.
Oil Flows via Druzhba Pipeline to Czech Republic Stopped, Mero Says
Oil flows via the Russian pipeline Druzhba to the Czech Republic stopped again, but there is no threat of shortages, Czech pipeline operator Mero said on Tuesday.
Turkey Wants Iraq-Turkey Oil Pipeline Flowing at Maximum Capacity
Turkey wants an Iraq-Turkey oil pipeline to operate at maximum capacity once it resumes flows through Turkey's Ceyhan, Turkish Energy Minister Alparslan Bayraktar was quoted as saying by the state-owned Anadolu news agency on Sunday.
Europe Soaks Up Most U.S. LNG Exports Amid Cold Weather, High Prices
Europe soaked up most U.S. liquefied natural gas (LNG) exports for the second straight month in February, as cold weather and strong prices pushed up demand for the superchilled gas across the Atlantic, according to preliminary data from financial firm LSEG.
Fugro Sees U.S. Hydrocarbon, LNG Projects Restart After Trump Election
Dutch geological data specialist Fugro has restarted multiple projects in the U.S. hydrocarbon and LNG sectors since Donald Trump's election and is optimistic about offshore wind development in Asia and Europe, its CEO told Reuters on Friday.
Spain's Endesa Faces New LNG Arbitration Over Price Dispute
Spanish power utility Endesa is facing a new arbitration related to a price review of a long-term liquefied natural gas (LNG) supply contract, Chief Financial Officer Marco Palermo said on Thursday.
Possible Effects of New Greece-North Macedonia Link for Europe
The Alexandroupolis Terminal is a proposed floating storage and regasification unit (FSRU) import terminal in the Aegean Sea, off the coast of Greece. Back in February 2022, the national government of North Macedonia initiated a process by which it hopes to secure a firm supply of critical LNG flowing from the Alexandroupolis FSRU.
Thirst for LNG Could Bolster Expansion in Europe, Elsewhere
Europe is taking major steps to expand its gas pipeline networks to support gas flows from new LNG terminals. Germany, for instance, is planning to add 355 miles of pipeline over the next few years to accommodate new LNG imports, almost all of which will be high-capacity pipe, with diameters of 39 inches or greater.
Turkey Aims to Finalize Extended Gas Deal with Turkmenistan This Year
Turkey is negotiating an agreement with Turkmenistan to extend a natural gas supply deal for five years, Turkish Energy Minister Alparslan Bayraktar told the Hurriyet daily on Tuesday, noting that the deal is expected to be finalized within the year.
Shell: Global LNG Demand to Jump 60% by 2040, Led by Asia
Global demand for liquefied natural gas is estimated to rise by around 60% by 2040, driven largely by economic growth in Asia, AI impact and efforts to cut emissions in heavy industries and transportation, Shell said in an annual report on Tuesday.
Ukraine’s DTEK Eyes Long-Term U.S. LNG Deals with Venture Global, Cheniere
Maxim Timchenko said DTEK's trading arm is looking to sign a 10-20-year LNG deal, with the gas first being imported into Ukrainian storage facilities and then piped westward.
Trump's 10% Oil Tariff Could Cost Foreign Producers $10 Billion Annually, Goldman Sachs Says
Goldman Sachs said on Friday a proposed 10% U.S. oil tariff could cost foreign producers $10 billion per year, as Canadian and Latin American heavy crudes remain reliant on U.S. refiners due to limited alternative buyers and processing capabilities.
CPC Blend Oil Loadings Rise to 1.67 Million bbl/d for February, Sources Say
Black Sea CPC Blend oil exports were revised up to 1.67 million barrels per day (bbl/d) in February's program from 1.42 million bbl/d in a previous version due to higher supply from Kazakh oilfields, two sources familiar with the loading plan said.
Deutsche ReGas Terminates FSRU Energos Power Contract Amid LNG Pricing Issues
Deutsche ReGas has terminated its contract for the FSRU Energos Power at the Deutsche Ostsee LNG terminal, citing pricing issues with Deutsche Energy Terminal’s regulated LNG capacity fees. The company is open to discussions with the German government to address potential supply shortages.
Kazakh Oil Output Hits Record High Despite Russian Pipeline Damage
Kazakhstan has pumped record high oil volumes despite damage on its main export route via Russia, the Caspian Pipeline Consortium (CPC), industry sources said on Thursday.
Oman Signs 10-Year LNG Supply Deal with Switzerland’s Mercuria
Oman LNG has entered into a ten-year liquefied natural gas (LNG) supply agreement with Mercuria Energy Group, a Swiss-based energy and commodities trading firm.
Spain's Enagas Plans $4.18 Billion Investment in Hydrogen Infrastructure
With Spanish gas demand falling, Enagas has sold assets, reduced dividends and cut debt to fund plans to diversify into managing a network of hydrogen infrastructure. It is also targeting ammonia and CO2 capture.
How LNG Will Fuel Global Energy Evolution at Scale
LNG is a key enabler of the global transition to a decarbonized energy system. It will play a pivotal role as companies move from coal and oil to cleaner energy sources.
Austria’s Gas Hub Rethinks Strategy After Russian Transit Ends
Austria’s Central European Gas Hub saw a decline in trading volumes following the halt of Russian gas transit but is pivoting toward regional trade, biogas, and hydrogen opportunities. CEO Gottfried Steiner highlighted the hub’s role in a shifting European energy market.
India’s GSPC Strikes 10-Year LNG Deal with TotalEnergies
TotalEnergies has signed a 10-year deal to supply India’s Gujarat State Petroleum Corporation with 400,000 metric tons of LNG annually, starting next year. The agreement aligns with India's growing demand for natural gas as the country pushes to expand its energy mix.
Equinor: EU May Need 350 Extra LNG Cargoes to Refill Storage
Equinor warns that the EU may need up to 350 additional LNG cargoes this year to replenish gas reserves, with potential competition from Asia driving up costs.
Turkey, Turkmenistan Sign Gas Supply Deal, Flows Set for March
Turkey and Turkmenistan have signed a deal to begin Turkmen natural gas flows to Turkey on March 1, Turkish Energy Minister Alparslan Bayraktar said. The agreement strengthens energy ties and enhances regional supply security.
Baltic States Cut Ties with Russia’s Power Grid, Link to EU System
Estonia, Latvia, and Lithuania have officially disconnected from Russia’s electricity grid and linked to the EU system, marking a historic shift aimed at enhancing energy security and reducing dependence on Moscow.
Germany's Brunsbuettel, Wilhelmshaven LNG Terminals See Strong Demand for Regas Slots
Germany’s Deutsche Energy Terminal successfully sold all available LNG regasification slots at Brunsbuettel and Wilhelmshaven, reflecting strong demand as Europe seeks alternative gas supplies.
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
