Europe

Spain Asks Gas Importers to Wean Themselves Off Russian LNG

The Spanish government has asked LNG buyers to refrain from signing new contracts for Russian gas once existing contracts have expired, two sources familiar with the matter told Reuters on Friday.

Germany Cannot Rule Out Gas Shortage Emergency for Winter 2023/24

Additional risks could be posed if Germany's planned liquefied natural gas import infrastructure does not work and if neighboring countries require supply support from Europe's biggest economy down the line.

Study Finds Potential for Massive North Sea Hydrogen Pipeline Network

The study, commissioned by German gas pipeline operator Gascade, says that up to 300 terawatt hours a year of clean hydrogen made from North Sea offshore wind power could be transported by the grid.

Strikes at LNG Terminals and Gas Refineries Continue in Response to French Pension Reform

At least seven LNG ships heading to France have changed course to terminals in Britain, the Netherlands and Spain since the strike action started. The closure of French terminals for another week would significantly hamper France's ability to export gas to neighboring countries.

Exxon Considers Selling Stake in LNG Terminal Offshore Italy

Exxon Mobil Corp. is considering selling its majority stake in Italy's main regasification terminal as part of a wider strategy to divest from noncore assets, the company said in a statement on Wednesday.

Nord Stream Owners Discuss Pipeline Repairs, Says E.ON

Shareholders of the Nord Stream 1 pipeline operator are discussing how to seal and empty the damaged gas pipeline to halt corrosion from sea water, said the chief financial officer of E.ON, one of the owners.

Putin Says Germany Remains "Occupied" Due to Response to Nord Stream Pipeline Explosion

Russian President Vladimir Putin said Germany's response to the explosion on North Sea pipelines showed that the country remained "occupied" and unable to act independently decades after its surrender at the end of World War Two.

Minister: Britain to Announce New CCS Support Within Days

The British government will outline within days incentives for companies to bury their greenhouse gases deep underground, using a promising technology for reducing atmospheric carbon dioxide, a minister said on Thursday.

Norway Does Not Fear EU Joint Gas-Buying Will Create Cartel

Europe's biggest natural gas supplier Norway is not worried the European Union scheme to buy gas jointly in global markets will create a buyers' cartel, its oil and energy minister said on Friday.

Ukraine to Jointly Buy Gas with European Union Countries

Ukraine will take part in the European Union scheme to jointly buy gas in global markets, to procure 2 billion cubic meters of the fuel ahead of next winter, the EU energy policy chief said on Thursday.

German Minister: Nord Stream Attacks May be 'False Flag' Operation

German Defence Minister Boris Pistorius on Wednesday warned against reaching premature conclusions on who was responsible for blowing up the Nord Stream pipelines, suggesting the attack could also have been a "false flag" operation to blame Ukraine.

Turkey's Ruling Party Presents Gas Reform in Step Towards Trading Hub

Turkey's ruling AK Party presented a draft law to parliament on Wednesday aimed at establishing a competitive natural gas market as the country attempts to become a gas trading hub bringing together suppliers and consumers.

Italian Court Delays Decision on Tuscan LNG Terminal to July

An Italian administrative court has postponed until July 5 a decision on a complaint against a new LNG terminal being set up in the Tuscan port of Piombino, the court said on Wednesday.

Factbox: Carbon Capture and Storage Projects Across Europe

Efforts to remove carbon dioxide (CO2) emissions from industry and store them in underground storage have gained steam across Europe over the past few years as countries seek to meet their climate goals.

US Intelligence Suggests Pro-Ukrainian Group Sabotaged Nord Stream Pipelines -NYT

New intelligence reviewed by U.S. officials suggests that a pro-Ukrainian group carried out the attack on the Nord Stream pipelines last year, the New York Times reported on Tuesday.

Europe Takes Steps Toward Developing Hydrogen Pipeline Network

German energy firm RWE and Norwegian oil and gas producer Equinor are planning the construction of new combined-cycle gas turbines (CCGTs) in Germany, blue hydrogen production facilities in Norway, and the implementation of hydrogen pipelines between the two countries.

Global News - March 2023

Latest industry news and developments

Enagas Buys 80-Mile Gas Pipeline Network in Northwestern Spain for $57 Million

Spanish grid operator Enagas has bought a 130-km (80-mile) gas pipeline network from energy firm Reganosa while selling the latter a 25% stake in its El Musel regasification plant in northern Spain, the companies said on Tuesday. The acquisition of the pipeline network cost $57.33 million.

Russia Halts Oil to Poland Via Druzhba Pipeline, Says Refiner PKN Orlen

The halt in supplies via the Druzhba pipeline — which has been exempted from European Union sanctions imposed on Russia following its full-scale invasion of Ukraine — came a day after Poland delivered its first Leopard tanks to Ukraine.

Wintershall Dea Looks Ahead After Closing Door on Russia

Oil and gas producer Wintershall Dea, fresh from pulling out of its long-term partnership with Russia, will focus on growing its production elsewhere and building up carbon management for the long-term future, it said on Thursday.

Tellurian Taps LNG Demand Surge to Deliver Fourfold Jump in Production

Tellurian Inc. on Wednesday reported a fourfold increase in quarterly natural gas production to meet a surge in demand triggered by Western sanctions against Russia over the Ukraine invasion.

Kazakh Oil Decouples from Russian Crude But Risk Weighs on Price

Kazakhstan has separated its oil exports from those of Russian crude by launching its own KEBCO brand, but sanctions against Moscow are still putting pressure on the price of Kazakh oil pumped through Russian pipelines, data shows.

Naturgy and Enagas Plan $521 Million Green Hydrogen Project in Spain

The project, scheduled to start production in 2026, will have a capacity of around 280 megawatts and will be located in La Robla, on the site of a Naturgy's thermal power plant, which closed in 2020, the two companies said in a joint statement.

Leviathan Group Starts Plans for Israeli Floating LNG Terminal

Partners in the Leviathan gas field in the eastern Mediterranean have approved nearly $100 million of spending on preparation for expansion that includes a floating LNG terminal off the coast of Israel, the companies said on Tuesday.

Slovak Parliament Rows Back on Taxing Main Gas Transit Pipeline

The tax, planned at 6,000 euros per kilometer of pipeline, or around 126 million euros ($134 million) per year, was approved late last year as part of efforts to raise revenue for the 2023 budget that already sees a 6.4% deficit of gross domestic product.

Greece and Bulgaria to Consider Reviving 186-Mile Oil Pipeline Project

Bulgaria has been looking to build a 300 km (186 miles) trans-Balkan oil pipeline to secure non-Russian crude oil supplies for its only oil refinery on the Black Sea. The pipeline would offer Bulgaria alternative supply sources and a safer, faster and cheaper way to transfer the fuel, with oil tankers bypassing the now congested Bosphorus Strait.

Neste Engineering Solutions Completes Construction of Transmission Pipeline

(P&GJ) — Neste Engineering Solutions, a global solution provider of high-quality technology, engineering and project services, has completed the construction work of the 2.2-km (1.4-mile) long gas transmission pipeline for Gasgrid Finland's LNG floating terminal vessel Exemplar in Inkoo, Finland.

Italy's Ansaldo Energia Signs $171 Million Gas Turbine Deal in Azerbaijan

Ansaldo Energia has signed a deal worth more than $170.88 million with Azerbaijan's largest electrical power producer Azerenerji to sell four gas turbines, the Italian service provider for the power generation industry said.

Italy to Sign Gas Turbines Contract with Azerbaijan

Italy is set to sign a new contract to sell four gas turbines to Azerbaijan, its industry minister said on Saturday ahead of his visit to the Asian country that is one of Rome's most important energy partners.

Enagas: Algeria Regains Spot as Spain's Top Natural Gas Source

Enagas said 25%, or 8,545 GWh, of total gas deliveries to Spain in January of this year came from Algeria. Both countries are linked through the 757-kilometer (470-mile) submarine Medgaz pipeline.