Europe

Factbox: Europe's Options in Case of Russian Gas Disruption

Europe relies on Russia for around 40% of its natural gas. What are the region's options in the event that Russian gas deliveries are suspended or pipeline flows are impacted by war damage?

Germany Freezes Nord Stream 2 Gas Project as Ukraine Crisis Deepens

The pipeline had been set to ease the pressure on European consumers facing record energy prices amid a post-pandemic cost of living crisis, and on governments that have already forked out billions to try to cushion the impact on consumers.

Germany Must Regulate Gas Storage to Secure Supplies - Minister

Germany must introduce regulation that commits its privately operated gas storage facility to have full capacity before winter to avoid the kind of energy crunch gripping the country, Economy Minister Robert Habeck said on Monday.

Russian Gas Exports to Europe Unaffected by Ukraine Pipeline Blast

Russian gas supplies to Europe were not affected after part of a gas pipeline near Luhansk in eastern Ukraine caught fire late on Friday, a Ukrainian gas official said.

Regional Pact Puts Trans-Saharan Gas Pipeline Back on Track

Niger, Algeria and Nigeria have signed an agreement that will see development resume on the $13 billion Trans-Saharan gas pipeline project.

TAP Pipeline Could Boost Capacity a Year Early

The Trans-Adriatic Pipeline (TAP) is ready to expand its capacity one year in advance if needed to meet market demand, Managing Director Luca Schieppati said.

Russia Ready to Re-Route Gas Flows if Hit by Sanctions

Russia would be ready to re-route supplies to other markets should new Western sanctions target its energy sector, finance minister Anton Siluanov said on Wednesday.

Green Stream Pipeline to Resume Libya Gas Flows to Italy

Gas flows into Italy from Libya will restart on Thursday, ahead of schedule, following unplanned maintenance on facilities at the Mellitah Complex, Italian energy group Eni said.

Germany Ups Ambition on Hydrogen to Meet Climate Targets

Electricity generation from renewables has grown considerably in Germany over the years, but plenty more is needed to fuel the country’s green hydrogen ambition.

RWE Zeroing in on Green Hydrogen Production Plans

Germany’s RWE, one of Europe’s largest electricity and gas suppliers, signed a contract with professional services firm Jacobs to study the production and supply of green hydrogen at the Pembroke Power Station in Wales.

Europe Remains Top Destination for U.S. LNG for Third Month

Europe's call for U.S. LNG continues to run hot in February and is poised to remain the top destination for U.S. shipments for the third month in a row, according to mid-month Refinitiv vessel tracking data on Tuesday.

EU Likely to Intensify Fact-Finding on Gazprom - Source

EU antitrust regulators are likely to intensify information gathering on Gazprom's European businesses, said a person familiar with the regulator's thinking, amid Europe's gas supply crisis.

Austria Resists Including Nord Stream 2 in EU Package of Russia Sanctions

Austria is sticking with its opposition to including the Nord Stream 2 gas pipeline in a package of sanctions against Moscow that the European Union is preparing in the event Russia invades Ukraine, Foreign Minister Alexander Schallenberg said.

How German Fund Set Out to Help Russia Dodge Pipeline Sanctions

A German politician set up a state-backed foundation with Russian energy company Gazprom last year to help Moscow avoid U.S. sanctions on a pipeline due to carry Russian gas to Europe.

Czech Minister: Putin Gave Europe 'Gift' as Gas Crisis Showed Alternatives Exist

LNG shipments to Europe late last year showed Russia could not use gas as great leverage over Europe, and the gas shortfall supported efforts to build more LNG capacity on European shores, Czech Foreign Minister Jan Lipavsky said on Wednesday.

EU Carbon Price Falls After Lawmaker Suggests Market Tweaks to Prevent Spikes

The Benchmark European carbon contract fell more than 5% on Wednesday afternoon after a key European lawmaker suggested changes could be made to the EU's carbon market to allow the European Commission to act swiftly if prices rose too quickly.

U.S. Reaches Out to Foreign Producers in Algeria on Gas Options

The U.S. government has asked to meet Eni, TotalEnergies and other energy companies operating in Algeria to see if more gas can be sourced from the country, as Washington ramps up efforts to find alternative gas supplies for Europe.

Japan to Divert LNG to Europe Amid Russia-Ukraine Tensions

Japan will divert some LNG cargoes to Europe after requests from the United States and the European Union, the industry minister said on Wednesday, a step that aligns the country with the West as tensions flare with Russia.

Italy Expects EU Carbon Price Around 80 Euros per Tonne in 2022

Italy expects the price of permits on the European Union's carbon market to trade at an average of 80 euros ($91) per tonne this year, giving the government more funds to curb soaring energy bills.

Baltic States 'Working Closely Together' to Prepare for Russian Gas Cut

Energy companies and governments in the Baltic states are cooperating to prepare for a possible cut in Russian natural gas supplies amid tensions over Ukraine and concerns about gas supplies to Europe.

Morocco Seeks Medium-Term Gas Supply Contracts

Morocco is in talks with Spanish and other gas traders to secure a medium-term LNG supply deals, as it seeks to decarbonize its economy, Energy Minister Leila Benali said.

EU Eyes More Azeri Gas Amid High Bills and Tight Russian Supplies

The European Union is seeking more natural gas from Azerbaijan, an EU official said on Friday, as Europe grapples with high energy bills and tight deliveries from Russia, its main supplier of fuel, which has been at loggerheads with the West over Ukraine.

Eastbound Gas Flows Resume on Russian Yamal-Europe Pipeline

Gas flows from Germany to Poland resumed on Wednesday evening via the Russian Yamal-Europe pipeline, which usually sends Russian gas westwards into Europe, data from German network operator Gascade showed.

Qatar Has Not Approached Asian Buyers Over Gas Diversions to Europe

Qatar's energy chief said it has not approached its Asian customers over diverting gas to Europe, adding that one country can't fill the gap if Russia stops piping gas to the region

Blow to Gazprom Critics as EU Court Upholds Antitrust Settlement

Gazprom's critics suffered a blow on Wednesday when an EU court upheld a 2018 decision that let the Russian gas giant settle an antitrust investigation without paying a fine.

EU Proposes Rules to Label Some Gas and Nuclear investments as Green

Investments in some gas and nuclear power plants would be labelled as sustainable under rules proposed by European Commission on Wednesday, a plan that has split countries and investors.

Norway Approves Development of Equinor's Kristin South Project

Norway approved plans to develop several Equinor-operated gas and condensate discoveries in the Norwegian Sea, with gas to be exported to Europe via an existing offshore pipeline system

Yamal Pipeline Gas Halts After Hints of Westbound Flows

Natural gas supplies between Poland and Germany via the Russian Yamal-Europe pipeline came to a halt on Wednesday, dashing expectations it was about to pump gas west for the first time since December.

Natural Gas Futures Jump over 15% on Output Drop, Colder Forecasts

U.S. natural gas futures jumped over 15% on Wednesday as frigid weather cut output to its lowest level since July 2021 and as winter storms threatened while LNG exports were at near-record levels.

Yamal Gas Pipeline Set to Resume Westbound Flows to Germany

Russian gas giant Gazprom was set to resume westbound gas flows from Poland to Germany on Tuesday via the Yamal pipeline, restoring the normal flows after the route was reversed in December and sent gas prices in Europe to all-time highs.

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