Europe
Gazprom Delivers First LNG Cargo to Italy Amid Rising Sea-Borne Exports
Russian energy giant Gazprom has delivered its first cargo of liquefied natural gas (LNG) to Italy from LNG Portovaya plant on the Baltic Sea, LSEG data showed on Wednesday.
Slovakia's SPP, Partners Urge Continued Ukraine Gas Transit
Slovakia's main gas buyer SPP said on Tuesday it and other groups from Hungary, Austria and Italy had signed a declaration in support of continued natural gas transit through Ukraine.
Austria's OMV Terminates Gazprom Gas Contract Amid Ukraine War-Related Supply Dispute
Austria's OMV said on Wednesday it had terminated its long-term gas supply contract with Gazprom after the Russian firm stopped deliveries last month amid a row that has been highly politicized due to the war in Ukraine.
Northern Endurance to Launch UK’s First Carbon Capture Project
The Northern Endurance Partnership (NEP) has secured financial close for the UK’s first carbon capture and storage (CCS) project, set to store up to 4 million tonnes of CO2 annually.
Shell, Greenpeace Settle Lawsuit Over Protest on Oil Vessel
British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year.
Acquisition of FSRU Independence Complete, Marking Milestone for Lithuania Gas Operations
KN Energies has completed its acquisition of the FSRU Independence from Höegh Evi. The Independence was commissioned by the Republic of Lithuania in 2014 and was engineered with regasification capacity to fully meet the country's gas needs.
Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
Polish gas pipeline operator Gaz-System will offer firm capacity to export gas from Poland to Ukraine between Jan. 1 and Sept. 30 next year, the company said on Friday.
Austrian Expert: OMV Could Legally End Gas Contracts with Gazprom
An Austrian legal expert suggests OMV could legally terminate its gas supply contract with Gazprom, citing contractual defaults and Swedish law provisions, amid ongoing disputes and halted supplies.
Goldman Warns Asia LNG Prices May Surge Due to European Gas Crunch
Goldman Sachs warns that Asia's LNG prices could surge above $20/MMBtu if European gas supply tightens this winter, driven by competition for limited resources and potential Russian flow disruptions.
Brunei LNG Begins Restart After Operational Disruption
Brunei LNG is safely restarting its facility after an "operational upset" caused a shutdown. The process may involve visible flaring and noise, which the company assures are controlled. The plant, partly owned by Mitsubishi and Shell, has a 7.2 million metric ton annual capacity.
CPC Blend Oil Exports via Black Sea Set for Slight Increase in December
Black Sea CPC Blend oil exports via the Caspian Pipeline Consortium (CPC) pipeline system are set to inch up to 1.43 million bbl/d in December from 1.42 million bbl/d in a November plan, two sources familiar with the matter told Reuters.
Russia Resells Austrian Gas in Europe Amid Supply Halt
Russian gas flows to Austria were suspended for a second day on Sunday because of a pricing dispute but other buyers in Europe stepped in to snap up unsold volumes, companies and sources said and data showed.
Germany Blocks Russian LNG Shipment to Brunsbuttel Terminal in Policy Stand, Sources Say
Germany has refused to allow a Russian liquefied natural gas shipment at the Brunsbuttel terminal in northern Germany in line with Berlin's policy not to import LNG from Russia, industry sources said on Thursday.
Spain's Exolum Tests Using Oil Infrastructure for Green Hydrogen in Britain
Exolum has launched a pilot project in Britain to explore using oil infrastructure for transporting and storing green hydrogen. The project, supported by the British government, uses liquid organic hydrogen carriers (LOHC) to address key challenges in the hydrogen economy, aiming to reduce costs and speed up deployment.
Acciona, RCM to Construct $230 Million Breakwater for Italy’s Ravenna LNG Terminal
Acciona and RCM will construct a $230 million breakwater for Italy's Ravenna LNG terminal, enhancing protection for the offshore facility managed by Snam. Completion is expected in early 2025.
Norway to Acquire Full Control of Gas Pipeline Network in $1.6 Billion Government Deal
Norway has agreed to a $1.6 billion buyout with seven private owners to nationalize most of its gas pipeline network, enhancing government control over the key energy infrastructure.
Trump Prepares to Withdraw from Paris Climate Agreement, NYT Reports
U.S. President-elect Donald Trump's transition team prepares executive orders to withdraw from the Paris climate agreement, end the LNG export pause, and revoke California's pollution waiver, according to the New York Times.
NuVista Energy to Supply Trafigura with Natural Gas in 13-Year Deal
NuVista Energy has signed a 13-year natural gas offtake agreement with Trafigura, providing the Canadian producer exposure to international LNG market pricing through JKM indexing.
EU Explores LNG Imports From U.S. to Counter Trump’s Tariff Threat, Boost Trade Balance
The European Union is considering increasing LNG imports from the U.S. to ease trade tensions with a potential second term for Donald Trump, as Brussels braces for new tariffs. This move is seen as a way to address the trade deficit while diversifying energy sources in the wake of geopolitical instability.
Snam CEO Praises EU Approval of Adriatic LNG Acquisition
Snam CEO Stefano Venier welcomed the European Commission's approval of the Adriatic LNG acquisition, a deal that will bolster Italy's energy security. Snam and VTTI now hold stakes in the terminal, crucial for Italy's LNG supply as the country shifts away from Russian gas.
Hungary Prioritizes Druzhba Pipeline for Crude Imports Despite EU Pressure
In contrast to many other European Union countries, Hungary seeks to maintain close political and business ties to Russia, including reliance on Russian energy.
Britain's Centrica Secures 10-Year U.S. Gas Deal with Coterra to Bolster LNG Portfolio
British utility Centrica and U.S. producer Coterra Energy have entered into two gas sale and purchase agreements, which will reduce market risk in Centrica's liquefied natural gas (LNG) portfolio.
Global News November 2024
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
SEFE Secures Long-Term Gas Supply Deal with ConocoPhillips for Up to 9 Bcm
German nationalized energy firm SEFE on Wednesday said it signed a long-term agreement with ConocoPhillips to purchase up to 9 billion cubic meters (Bcm) of natural gas over the next decade.
Heavily Corroded Half-Mile Oil Pipeline Restored with Composite Wrap
An underground oil pipeline at a Refinery in Spain was suffering from severe corrosion. If left unchecked, the pipeline, 2,860.8 feet (872 meters) in length, would have incurred severe metal loss.
Jacobs to Lead Pre-FEED for 56-Mile East London Hydrogen Pipeline
Spanning 56 miles (90 kilometers) through East London, the pipeline will run north of the River Thames, linking key industrial areas to a reliable hydrogen supply.
Snam to Invest $16 Billion to Ready Gas Grid for Green Fuels, Hydrogen, Biomethane
Italian gas operator Snam plans to invest $15.8 billion to prepare its infrastructure for green fuels like hydrogen and biomethane, as part of its energy transition strategy. The company aims to repurpose much of its network to support decarbonization efforts across Europe.
Phillips 66 Sells Swiss Venture Stake for $1.24 Billion, Targets $3 Billion in Divestitures
Phillips 66 will sell its 49% non-operated equity interest in Coop Mineraloel AG to its Swiss joint venture partner for $1.24 billion, the U.S. refiner said on Monday.
TotalEnergies Expands LNG Bunkering Fleet with New Vessel Charter
TotalEnergies has signed a charter contract with Spanish shipowner Ibaizabal for a new liquefied natural gas (LNG) bunkering vessel, increasing the company’s global LNG bunkering capacity.
Orlen Withdraws from Polaris CO2 Storage Project in Norway, Citing Low ROI
Initially expected to inject up to 6 million metric tons of CO2 annually, geological assessments revealed a lower capacity, prompting Orlen to explore other carbon capture initiatives while the project owner, Horisont Energi, seeks alternative strategies.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
