Europe

Commissioner: EU Countries Can Tap Recovery Fund to Boost LNG Capacity

European Union countries will be allowed to use money coming from the EU recovery fund, created to support post-pandemic economic growth, to boost their LNG capacity, EU Commissioner Paolo Gentiloni said on Saturday.

Bosnian Region Extends Gazprom Gas Deal Until End-2022

Bosnia's major gas importer Energoinvest has extended a deal on gas supplies with Russia's Gazprom until the end of the year under unchanged conditions.

Poland Could Build Second Unit to Receive LNG amid Czech, Slovak Interest

Poland could build a second floating storage and regasification unit next to an already planned installation because the Czech Republic and Slovakia are interested in buying more LNG, the Polish climate minister said.

Nigeria Okays Next Step for New Gas Pipeline via Morocco to Europe

The new gas pipeline from Africa to Europe will be 5,660 km (3,517 miles) long and construction will be in phases covering 25 years. The pipeline is expected to be built both onshore and offshore.

Snam Buys Regasification Vessel as Italy Diversifies Energy Supplies

Italy's state-controlled Snam has agreed to buy a floating regasification terminal with capacity of 5 billion cubic meters a year from Golar LNG, as Rome works to cut its reliance on Russian gas.

Croatia Ready to Increase Adriatic Oil Pipeline Capacity, Hungary Says

Croatia is ready to increase the capacity of the Adriatic oil pipeline to supply Hungary and Slovakia with crude in case of any disruptions to imports from Russia via the Druzhba pipeline, Hungary's foreign minister said on Tuesday.

Iran Seizes Two Greek Tankers amid Row over US Oil Grab

Iranian forces seized two Greek tankers in the Gulf on Friday, shortly after Tehran warned it would take "punitive action" against Athens over the confiscation of Iranian oil by the U.S. from a tanker held off the Greek coast.

In Latin America, Peru Streaks Ahead in LNG Race to Europe as Trinidad Stumbles

As liquefied natural gas (LNG) producers try to take advantage of a global energy shift triggered by Europe's move to become independent from Russian gas, Latin America's only two LNG exporters are moving in opposite directions.

Denmark's Orsted Warns of Russian Gas Supply Halt After Spurning Ruble Payments

Orsted on Monday warned that Russia's Gazprom Export could stop supplying gas to the Danish energy company because it has refused to pay in rubles, but such a move would not immediately put Denmark's gas supplies at risk.

Eastward Yamal Flows Edge Lower, Other Flows Stable

Eastbound gas flows via the Yamal-Europe pipeline from Germany to Poland fell on Monday morning from their Friday levels, while flows via other routes were stable.

Enagas CEO: Third Spain-France Gas Link Could Be Ready in 2 1/2 Years

A third gas link between Spain and France could be completed in two and a half years at a cost of 600-700 million euros ($640.14-$746.83 million) if the process was accelerated, the CEO of Spain's gas grid operator said on Wednesday.

German Chancellor: Germany is Keen to Pursue Gas Projects with Senegal

Germany wants to intensively pursue gas and renewable energy projects with Senegal, against the backdrop of the war in Ukraine and its impact on energy and food prices, Chancellor Olaf Scholz said.

Norway's Hammerfest LNG Plant Extends Outage until May 27

Norway's Hammerfest LNG plant is now expected to restart on May 27, four days later than the previous plan and further delaying operations since a fire in 2020, Norwegian gas system manager Gassco said.

Poland Ends Deal to Receive Russian Gas after Ruble Dispute

Poland said on Monday it had terminated its agreement with Russia to receive Russian gas via the Yamal pipeline, after Warsaw rejected a demand to pay for the fuel in rubles and Moscow responded by cutting off supplies in April.

Russia Stops Gas Flows to Finland Over Payments Dispute

Russia's Gazprom on Saturday halted gas exports to neighboring Finland, in the latest escalation of an energy payments dispute with Western nations.

Germany, Qatar Sign Energy Partnership Agreement Focused on Gas

Germany and Qatar have signed a declaration to deepen their energy partnership, with a focus on trade in hydrogen and LNG, as Europe's biggest economy looks for alternative supplies amid Russia's invasion of Ukraine.

Finland Leases Floating LNG Terminal for 10 Years to Break Free from Russian Gas

Finland has agreed to a 10-year charter for a floating storage and regasification vessel with U.S. based Excelerate Energy to help replace Russian gas supply, finance minister Annika Saarikko said on Friday.

RWE: Germany Can Be Independent from Russian Gas by Spring 2025

Germany can wean itself off Russian gas within the next three years, the CEO of the country's largest power producer, RWE, told a newspaper.

Russia to Halt Gas Flows to Finland on Saturday

Russia's Gazprom has informed Finland it will halt flows of natural gas from Saturday morning, Gasum said on Friday, after the Finnish state-owned gas wholesaler refused to pay its Russian supplier in rubles.

Europe Will Need Nord Stream 2 Gas Pipeline One Day, Kremlin Says

Russia has no hope of starting up its undersea gas pipeline Nord Stream 2 anytime soon but is confident that Europe will need the pipeline someday regardless of what it says now, the Kremlin said on Thursday.

Israel Ramping Up Gas Output, Looks to Help Supply Europe

Israel is boosting offshore natural gas output and aims to reach a supply agreement with Europe in the coming months as the continent looks to replace Russian supply.

Germany, Netherlands Up Ambition for North Sea Hydrogen Hubs

There is no shortage of ideas when it comes to exploiting the strong winds offshore Germany and the Netherlands to produce green hydrogen.

Eni Set to Open Rubles Account for Russia Gas Unless Told Otherwise by EU

Italian energy group Eni will begin the process of opening an account in rubles next week to pay for Russian gas unless it is told that would breach sanctions, three sources close to the matter said.

Canada In Talks with Repsol, Pieridae Energy About LNG Export Terminals

The Canadian government is in discussion with the companies behind two proposed east coast LNG export facilities to see how it can speed up the projects and help boost supply to Europe.

Snam Signs Deal to Study Spain-Italy Gas Pipeline

Italian gas group Snam has agreed with Spain's Enagas to explore the construction of an offshore pipeline between the two countries, as Europe scrambles to diversify its energy supply mix and wean itself off Russian gas.

Bulgaria to Receive US LNG Deliveries Starting in June

Bulgaria has agreed to purchase two shipments of U.S. LNG for June and is in talks for a long-term contract for U.S. deliveries after Russia's Gazprom cut off gas supplies to Sofia, Prime Minister Kiril Petkov said on Wednesday.

Russian Gas Flows to Europe Via Ukraine Fall after Kyiv Shuts Route

Russian gas flows to Europe via Ukraine fell by a quarter on Wednesday after Kyiv halted use of a major transit route blaming interference by occupying Russian forces, the first time exports via Ukraine have been disrupted since the invasion.

Ukraine to Suspend Key Russian Gas Transit to Europe

Ukraine said on Tuesday it would suspend the flow of gas through a transit point which it said delivers almost a third of the fuel piped from Russia to Europe through Ukraine, blaming Moscow for the move and saying it would move the flows elsewhere.

Report: LNG Supply Crisis Will Make Landfall in Winter 2022

A LNG crisis is brewing for European countries dealing with energy insecurity in the wake of Russia’s invasion of Ukraine, as demand will outstrip supply by the end of this year, according to a new report from Rystad Energy.

Bulgaria and Greece Plan Joint Gas Purchases for Southeast Europe

Bulgaria and Greece have agreed to seek joint gas deliveries for southeastern Europe and decrease its reliance on Russian gas amid the war in Ukraine, Bulgarian Energy Minister Alexander Nikolov said.