Europe

Global News December 2021

German Regulator Stalls Nord Stream 2, Ida Reduced Gas Production More Than Any Hurricane in Past Decade, Israeli Energy Minister Proposes Ending UAE Pipeline Deal and more are included in this month's global headlines.

Kremlin Hopes Belarus Won't Stop Gas Transit to EU Amid Migrant Crisis

Russia hopes Belarus will not suspend gas transit to Europe, the Kremlin said on Wednesday, after Belarusian President Alexander Lukashenko threatened to block shipments as part of a crisis over migrants at the border.

Ukraine's Naftogaz Says Russia-EU Gas Transit Deal May Not be Renewed

Ukraine's state energy firm Naftogaz has no power to halt the Nord Stream 2 pipeline being built between Russia and Germany, despite its role in the certification process, while its own transit deal with Russia may not be renewed.

Germany Said to be Working with US on Nord Stream 2 Deal

Germany's foreign ministry said it continued to coordinate closely with the U.S. administration on implementing a joint declaration on the $11 billion pipeline.

Snam Buys Stake in Algerian Pipelines to Pave Way for Hydrogen Highway

Italy's Snam has agreed to buy a stake in pipelines carrying Algerian gas into Italy in a move that could pave the way for hydrogen imports from Africa into Europe.

Greece Teams Up With Egypt on Gas Supply, Infrastructure

Greece and Egypt agreed to expand their cooperation in the supply of liquefied natural gas (LNG) and examine the possibility of constructing a subsea gas pipeline between the two countries, the Greek energy ministry said.

Delay to Nord Stream 2 Pipeline May Be Short - Analyst

The suspension of the approval process for the Russian Nord Stream 2 pipeline by a German regulator could be short-lived as Europe is hungry for more gas, an analyst said after meeting officials of Russian state gas giant Gazprom.

Seaborne, Saudi Oil Supplies to Poland at Highs Amid Belarus Tensions

Poland raised its seaborne oil imports as well as crude supplies from Saudi Arabia to multi-year highs in October amid tensions with neighboring Belarus and talks on new supply deals with Russia, according to Refinitiv Eikon data and traders.

US to Release Oil from Reserves; OPEC+ Rebuffs Call for More Crude

The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain to cool prices after OPEC+ producers repeatedly ignored calls for more crude.

Gas Flows to Germany Via Yamal Pipeline Steady Amid Price Volatility

Russian natural gas flows through the Yamal-Europe pipeline to Germany have been steady for the past 24 hours on Friday, data from Gascade showed, while gas prices have been volatile amid the uncertainty over a major pipeline.

Europe's Gas Firms Prime Pipelines for Hydrogen Highway

As world leaders hammered out a deal last week to slow climate change, gas engineer Michele Ricciardi was digging into a practical problem: How thousands of miles of pipelines across Italy and Europe can safely carry hydrogen.

Russia Says Repairs Complete on Oil Pipeline in Belarus, Pumping to Resume

Russia's Transneft pipeline monopoly said repairs were complete on a section of the Druzhba oil pipeline in Belarus and that oil pumping would resume on Thursday evening, the RIA news agency reported.

German Gas Imports Fall 4% in Jan-Sept, Bill Jumps 57%

Germany imported 4% less natural gas in the first nine months of 2021 versus a year earlier, but its bill rose 57% as prices surged, data from trade statistics office BAFA showed.

Belarus Restricts Oil Supplies to Poland Due to Unscheduled Maintenance

Belarusian oil pipeline operator Gomeltransneft Druzhba has restricted oil flows towards Poland for three days for unscheduled maintenance, the TASS news agency said.

German Regulator's Nord Stream 2 Move May Delay Commissioning to March

A German regulator's decision to suspend licensing of the Nord Stream 2 pipeline from Russia to Germany could delay commissioning of the infrastructure until March next year, government sources said.

Ukraine Sees No Sign of Bigger Russian Gas Supply to Europe

Ukraine's state-run gas transmission system operator said there was no sign that Russian energy giant Gazprom planned to export additional gas to the Europe Union next year, based on the results of pipeline capacity auctions.

Trafigura Warns of Power Outages in Europe This Winter

Europe is at risk of power outages this winter due to insufficient gas reserves and over the long-term, oil could rise above $100 a barrel, the chief executive of commodity trading giant Trafigura said.

German Regulator Puts Brake on Nord Stream 2 in Fresh Blow to Gas Pipeline

Germany's energy regulator has suspended the approval process for a major new pipeline bringing Russian gas into Europe, throwing up a new roadblock to the contentious project and driving up regional gas prices.

Gas Interconnection Poland-Lithuania Construction Nearing Completion

The Gas Interconnection Poland-Lithuania should be fully built by the end of this year, and the interconnection will be launched in mid-2022, according to Amber Grid Corp.

Ukraine Will be Part of Nord Stream 2 Certification Process -German Regulator

Germany's energy regulator said on Monday Ukrainian gas companies Naftogaz and GTSOU were given notice that they will be included in the ongoing German certification procedures of the Nord Stream 2 gas pipeline.

Russian Gas Flows to Germany Rise Despite Belarus Threat

Russian gas flows through a key pipeline to Germany rose on Monday with no sign that Belarus's president had acted on his threat to cut off supplies to the European Union as winter approaches.

Russian Gas Flows Via Yamal Pipeline to Germany Rise Over the Weekend

Russian gas flows towards Germany via the Yamal-Europe pipeline rose over the weekend, preliminary data showed, with no signs of being impacted by a political standoff between Belarus and the European Union.

European Gas Prices Ease as Kremlin Soothes Fears

European spot gas prices eased after the Kremlin said that Belarus had not consulted Moscow before threatening to reduce flows of natural gas to Europe, adding that Gazprom remained a reliable gas exporter.

Russian Gas Flows to Germany via Yamal Pipeline Unchanged

Russian gas continued flowing via the Yamal-Europe pipeline to Germany at Thursday levels, preliminary data from German network operator Gascade showed, below volumes seen earlier in the week when Gazprom started to increase supplies to refill its storage.

Belarusian Leader's Warning Causes New Concern in Europe About Gas Flows

A warning by Belarusian President Alexander Lukashenko that he could halt Russian gas flows through his country to Europe in a dispute with the European Union posed a new threat to already tight European supplies on Thursday.

Blackout Fears Amid Energy Crunch Boosts Gas Cooker, Lantern Sales in Spain

A surge in electricity prices, driven by shortages in Asia and Europe, and a switch in pipelines bringing gas from Algeria have fueled the public's concerns.

Russian Gas Flows Via Yamal-Europe Pipeline Continue Westbound

Russian gas flows via the Yamal-Europe pipeline continued running westbound towards Germany on Thursday, as Gazprom refills its European storage, preliminary data from German network operator Gascade showed.

Blinken Meets Ukraine Official, Warns Russia on NatGas Supplies

The United States is watching for signs that Russia may be using energy as a political tool in Europe's energy crunch, Secretary of State Antony Blinken said, adding that Washington was committed to taking appropriate action if Moscow were to take that path.

US Republicans Renew Push to Sanction Nord Stream 2 Pipeline

A group of U.S. Senate Republicans said they introduced legislation that would impose mandatory sanctions on Nord Stream 2, a Russian-backed natural gas pipeline that opponents believe would be harmful to U.S. allies in Europe.

Naturgy Trims Earnings Growth Forecast as Power Prices Squeeze Margins

An expansion of the Medgaz pipeline that brings gas from Algeria to Spain will be completed by the end of the year, Naturgy said.