Europe
Europe Faces $6 Billion Gas Bill to Refill Shrinking Stocks After Winter Supply Plunge
Europe may have to buy at least 100 additional gas cargoes this summer, worth around $6 billion at today's prices, to replenish gas stocks after a plunge in storage levels this winter due to cold weather and a stoppage of Russian supply.
Report: TurkStream Pipeline Booked for Gas to Moldova’s Transdniestria
Ozbor Enterprises, a Cyprus-based company, booked around 3.1 million cubic meters per day of Russia-designed TurkStream gas pipeline capacity for possible gas shipments to Moldova's breakaway Transdniestria region, Russian daily Kommersant reported on Wednesday.
Italy’s Gas Consumption Hits 15-Year Low in 2024, GME Reports
Italy's natural gas consumption fell to its lowest level in more than 15 years to 61.7 billion cubic meters in 2024, the country's power market manager GME said on Friday.
Germany’s DET Sets LNG Auctions at Wilhelmshaven, Brunsbuettel Terminals for Early February
Germany's Deutsche Energy Terminal has announced short-term auctions for regasification capacity of LNG at its Wilhelmshaven and Brunsbuettel LNG terminals on Feb. 4, 5 and 6, a note on its website said.
Pipeline Upgrade Ends Czech Republic's Reliance on Russian Oil
Upgrades to boost the capacity for oil deliveries to the Czech Republic via the TAL pipeline are complete, ending the country's need to import Russian crude, Prime Minister Petr Fiala said on Tuesday.
Norway Gas Exports Near Record 2024 Levels, Forecasts Show Continued Strength
Norway exported a record amount of natural gas in 2024, and volumes are expected to stay near this level in the coming years, official data and forecasts showed on Thursday.
Caspian Pipeline Consortium Lowers 2024 Oil Export Forecast Again
The Caspian Pipeline Consortium (CPC), which exports Kazakhstan's oil via the Black Sea, was seen pumping 64.4 million metric tons of oil in 2024 in a latest estimate, further downgrading its exporting prospects, according to a shareholder.
Nord Stream 2 AG Receives Extension for Debt Restructuring Deadline
A court in Switzerland has extended the deadline for Nord Stream 2 AG, a unit of Russia's Gazprom, to restructure its debts to May 9 from Jan. 10, according to a court ruling.
OMV Strikes Deal to Deliver Romanian Gas to Germany Amid Energy Shift
Austria's OMV has struck a deal to supply Germany's Uniper with gas from its Black Sea project from 2027, three people familiar with the matter told Reuters, as Europe seeks new ways to boost energy security after cutting ties with Russia.
Central Europe Adjusts Gas Flows as Ukraine Transit Halts
Central European gas flows have adapted to the halt of Russian supplies through Ukraine on Jan. 1, as increased shipments to the region from Germany and Italy make up the shortfall, data from network operators showed on Monday.
Moldova Breakaway Region Faces Extended Blackouts After Gas Cutoff
The pro-Russian breakaway Moldovan region of Transdniestria, left without Russian gas supplies no longer transiting through neighboring Ukraine, faced longer periods of rolling power cuts on Saturday, local authorities said.
Subsea7 Wins IRM Contract for Sakarya Gas Field Offshore Turkey
Subsea7 has been awarded a contract by Turkish Petroleum Offshore Technology Center AS (TP-OTC) to provide inspection, repair, and maintenance (IRM) services for the Sakarya gas field in the Black Sea, the company said on Dec. 30.
Venture Global's LNG Tanker Likely Carrying First Plaquemines Cargo to Germany
U.S. liquefied natural gas (LNG) company Venture Global LNG's tanker Venture Bayou, currently stationed at the Plaquemines LNG export plant in Louisiana, is expected to head to Brunsbuttel, Germany and will likely arrive there by Jan. 8, according to LSEG data.
Germany's DET to Offer Limited LNG Slots at Wilhelmshaven in May
Germany's LNG terminals have helped calm markets by giving evidence that gas supplies are being stabilized and new overseas suppliers sought after westward gas exports from Russia stopped. This has helped cut gas prices from multi-year highs.
Kazakhstan Boosts Oil Supplies to Germany via Druzhba Pipeline in December
Kazakhstan's pipeline operator Kaztransoil said on Tuesday that oil supplies to Germany via the Druzhba pipeline will be increased to 135,000 metric tons (32,000 barrels per day) this month from the planned 130,000 tons.
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.
Electric-Drive Compressor On-Line in North Sea
(P&GJ) — North Sea Midstream Partners (NSMP) confirmed the start-up of a new onshore electric-drive compressor at its Teesside Gas Processing Plant (TGPP).
Global News December 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.
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.
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
