Europe
Friedrich Vorwerk’s Energy Expertise Could Attract Investors
German energy infrastructure company Friedrich Vorwerk is guiding investors to expect its initial public offering (IPO) to price at 45-48 euros ($53.55-$57.12) per share, one of the bookrunners organizing the deal said on Monday.
Germany's Greens Vow to Abolish Russian Gas Pipeline After Election
Germany's Greens have enshrined in their election program plans to abolish the contested Nord Stream 2 pipeline to ship Russian gas to Europe's biggest economy, creating a hurdle to a potential alliance with the conservatives.
Biden Weighing New Sanctions to Block Russian Gas Pipeline
President Joe Biden's administration is weighing additional sanctions to block construction of the nearly completed Nord Stream 2 pipeline from Russia to Germany, potentially including the project's parent company Nord Stream 2 AG, Bloomberg News reported.
U.S. Secretary of State Warns Nord Stream 2 Pipeline Entities to Immediately Quit
The U.S. State Department is tracking efforts to complete Russia's Nord Stream 2 natural gas pipeline and evaluating information on entities that appear to be involved, U.S. Secretary of State Antony Blinken said on Thursday.
Russian Vessel to Join Nord Stream 2 Construction This Month
A Russian pipe-laying vessel, the Akademik Cherskiy, will join in the construction of the Nord Stream 2 undersea gas pipeline in Danish waters at the end of March, the RIA news agency reported on Wednesday.
Analysis: Germany Bets U.S. Will Make the Best of 'Bad Deal' Nord Stream Gas Link
Germany is betting the U.S. administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian gas to Europe and is pushing for the pipeline’s completion in defiance of U.S. opposition.
Excelerate Energy, ExxonMobil, Albania Agree to LNG Terminal Study
Excelerate Energy, ExxonMobil LNG Market Development and the Republic of Albania (The Ministry of Infrastructure and Energy) signed a Memorandum of Understanding to conduct a feasibility study for the potential development of a liquefied natural gas (LNG) Project in the Port of Vlora in Southern Albania.
GateHouse Maritime to Monitor Gas Pipeline in the Baltic Sea
Poland’s GAZ-SYSTEMS awarded offshore surveillance, maritime analytics and data company GateHouse Maritime a 5-year contract to monitor a new gas pipeline in the Baltic Sea, the companies announced.
NDT Global Conducting Baseline Inspection for Trans Adriatic Pipeline
NDT Global, a leading supplier of ultrasonic inline inspection, acoustic resonance technology, and advanced data analytics, announced it was awarded the contract to complete a baseline inspection survey for Trans Adriatic Pipeline AG, headquartered in Baar, Switzerland.
Reusing Gas Infrastructure for Hydrogen Transportation
The EU’s “Hydrogen Strategy for a Climate-Neutral Europe” of July 2020 is only the latest in a series of programs designed to foster the use of hydrogen to decarbonize and integrate the energy system.
Cash Infusion Provides Push for New Central European Gas Pipe
European Bank for Reconstruction and Development (EBRD) acquired a 25% stake from Transgaz, the parent company of Vestmoldtransgaz, for $24.2 million (€20 million).
Greek-Italian Venture Working with Israel on Gas Pipeline Plan
Greek-Italian gas joint venture IGI Poseidon said it had signed an agreement with the Israel Natural Gas Lines Company to cooperate on building facilities to connect Israel to a planned gas pipeline in the eastern Mediterranean.
Balkans Gas Developments Still Face Structural Woes
The gas market in Southeast Europe, better known as the Balkans, is weighed down by several longstanding difficulties.
Ancala Midstream Gets Lundin Energy Norway Contract for Gas Transportation, Processing
Ancala Midstream Acquisitions secured a life-of-field contract to transport and process gas from the Solveig field in the Norwegian sector of the North Sea.
Germany’s Friedrich Vorwerk Plans to Expand in Hydrogen Market
German energy infrastructure firm Friedrich Vorwerk plans an initial public offering (IPO) on the Frankfurt stock exchange in the first quarter to accelerate growth in the hydrogen market, its biggest shareholder said.
Senator Holds Biden's CIA Pick Over Nord Stream 2 Pipeline
Republican Senator Ted Cruz put a hold late on Friday on President Joe Biden's pick to lead the CIA to pressure the administration to put tough sanctions on Russia's Nord Stream 2 natural gas pipeline project.
Second Russian Pipe-Laying Vessel Joining Nord Stream 2 Construction
The consortium behind the Nord Stream 2 undersea gas pipeline said on Thursday a second Russian pipe-laying vessel is undergoing sea trials ahead of joining the project, as it presses on with construction despite growing political pressure.
Lithuania to Poland LNG Pipeline to Come Online Next Year
Lithuanian state-controlled energy company Ignitis Group will start supplying liquefied natural gas (LNG) to Poland next year when a new pipeline between the two countries comes online, its CEO said on Monday.
Europe's Unusually Low Gas Stocks Set to Underpin Prices
European gas storage levels are lower than usual for the time of year and will need to be topped up significantly in the coming months, providing support to wholesale gas prices.
18 Companies Quit Nord Stream 2 Pipeline Project
Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia's Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration sent to Congress last week which was seen by Reuters.
EU Says it Does Not Need Nord Stream 2, Only Germany Can Block it
The European Union does not need the Nord Stream 2 pipeline for its energy security but any decision to stop the project carrying Russian natural gas to Germany would have to come from Berlin, a senior European Commission official said.
Munich Re Stops Insuring Nord Stream 2 Amid Sanctions Threat
A subsidiary of Germany's Munich Re will no longer insure the Nord Stream 2 pipeline from Russia to Europe amid the fear of sanctions by the U.S. government.
Biden Admin Designates Russian Ship as Helping to Build Nord Stream 2 Pipeline
The Biden administration identified a Russian ship and a company it believes are helping to build the Nord Stream 2 pipeline, but the entities had already been sanctioned by the Trump administration and the project's opponents in Congress said the move would do little to halt work on it.
U.S. to Unveil Nord Stream 2 Pipeline Report, Sanctions May Take Time
The Biden administration is expected to name as early as Friday the companies it believes are helping build Russia's Nord Stream 2 pipeline, a move that could eventually prompt sanctions on the nearly completed project.
Norway Oil Firms Raise 2021 Investment Plans
Oil and gas firms in Norway have increased their 2021 investment plans in recent months, but still plan to spend less than last year and to reduce spending in 2022.
Germany Looking at Green Hydrogen Co-operation with Russia
Germany is in close communication with Russia about the potential of "green" hydrogen production and transport, Economy Minister Peter Altmaier said.
Senators Prod Biden Admin on Nord Stream 2 Pipeline Sanctions
Two U.S. senators urged President Joe Biden to ensure the implementation of sanctions passed in January aimed at stopping the Nord Stream 2 Russia-to-Germany gas pipeline project, which a State Department spokesman reiterated was a "bad deal" for Europe.
Balkans Gas Developments Still Face Structural Woes
The gas market in Southeast Europe, better known as the Balkans, is weighed down by several longstanding difficulties. The region bounded by Bulgaria to the north, Croatia to the northwest and Turkey to the southeast currently suffers from disconnected markets, owing to the lack of an integrated cross-border gas pipeline network, a heavy dependence on Russian gas and insufficient storage capacity.
German Government, Gas Industry Locked in Tricky Conflict over Hydrogen Pipelines
The natural gas pipeline industry, which eventually needs to switch to hydrogen, wants an early merger of the two systems and criticized the government's approach for being too slow.
Germany Planning Phased Intro of Hydrogen Pipeline Transport
The initial focus will be on the switching of existing pipelines carrying hydrogen made from fossil fuels to carry "green" hydrogen, which is made from wind and solar energy via electrolysis, and the building of new green hydrogen pipelines.
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