Europe
Azerbaijan Reports 3.1% Drop in BTC Pipeline Oil Exports
Azerbaijan’s oil exports via the BTC pipeline dropped 3.1% year-on-year to 9.3 million metric tons in January–April, with total transit volumes also down, according to official government data.
Wood Mackenzie Warns of Gas Turbine Supply Constraints Through 2040
Wood Mackenzie expects new gas-fired generation projects of around 890 gigawatt (GW) capacity to be added globally between 2025 and 2040, with the U.S. and China leading at 47% annual additions during the same period.
Phillips 66 Sells Majority Interest in European Fuel Retailer
Phillips 66 will sell a 65% stake in its Germany and Austria JET-branded retail fuel network for $2.8 billion, forming a joint venture with Energy Equation Partners and Stonepeak while retaining a minority interest.
Construction Begins on EU’s First CO₂ Storage Terminal in Denmark
Construction has started on the Greensand CO₂ terminal in Port Esbjerg, Denmark—the EU’s first full CCS hub. The facility will store and ship CO₂ for permanent offshore storage in the Danish North Sea.
Italy’s Eni Supplied Russian Gas to Turkey Last Year Despite EU Shift
Italy’s Eni confirmed it delivered 6.2 billion cubic meters of Russian gas to Turkey in 2024 via the Blue Stream pipeline, despite halting Russian gas sales in Europe after the Ukraine invasion.
Norway’s Statkraft Halts New Green Hydrogen Developments on Cost, Market Concerns
Norway's Statkraft has stopped developing new green hydrogen projects, citing rising costs, market uncertainty, and lack of regulatory clarity. The utility reported a Q1 earnings drop due to lower power prices.
Spain’s U.S. LNG Imports Double, Replace Russian Supply
Spain's LNG imports from the U.S. surged to 35% of total gas supply in the first four months of 2025, overtaking Algeria and replacing Russian gas, according to Enagas data.
Global Energy Exports Slide as Trade Risks Weigh on Oil and Fuel Demand
Global oil, LNG and fuel exports slowed in early 2025 as rising trade tensions and tariffs disrupt flows, pressuring demand across major import markets and raising risks for energy exporters.
Romania's OMV Petrom Strikes Deal to Supply Quarter of Moldova’s Gas Demand
OMV Petrom signed a deal to supply 25% of Moldova’s annual gas needs starting in 2027, strengthening Moldova’s energy security as the country moves away from Russian gas dependency.
TurkStream Gas Pipeline Could Slow EU, Russia Decoupling
TurkStream pipeline gas flows are rising, posing a challenge to the EU’s roadmap to phase out Russian gas by 2027. Southeast Europe’s growing reliance on the pipeline risks undermining European energy diversification efforts.
Saudi Arabia Can Control Oil Supply, But Demand May Be Its Achilles’ Heel
Saudi Arabia is flexing its oil supply control, but weakening global demand could undermine its strategy and pose challenges.
EU Considers Ban on New Russian Gas Contracts, Eyes Exit Options for Existing Deals
The European Commission is considering legal measures to forbid new Russian gas contracts and allow EU firms to exit existing deals without penalties, as part of efforts to further reduce reliance on Russian energy.
Arbitrage Reopens: U.S. LNG Diverted from Europe to Asia in Global Market Shift
Several U.S. LNG cargoes originally bound for Europe have been redirected to Asia as a reopened arbitrage window and falling European prices shift global trade flows. Analysts say the move highlights growing competition between Atlantic and Pacific markets heading into summer.
Ukraine Increases Gas Imports by 40% to Meet Supply Needs
Ukraine has increased natural gas imports by nearly 40%, turning to Hungary and Poland to offset war-related production losses and meet growing demand ahead of the winter season.
UK Supermajor BP to Supply Feed Gas to Woodside’s Louisiana LNG Project
In a strategic move to support its Louisiana LNG project, Woodside Energy signed a long-term gas supply agreement with BP for up to 640 billion cubic feet of natural gas, expanding its global LNG footprint and advancing U.S. midstream development.
Equinor Sees Summer Gas Squeeze in Europe, Calls for More LNG Cargoes
Equinor expects a tight European gas market this summer due to low storage levels and rising LNG demand, estimating 200–300 more cargoes will be needed compared to last year.
German Gas Operators Warn EU-Aligned Storage Plan Could Squeeze Supplies
German gas storage operators are pushing back against a draft plan to align national storage targets with EU rules, warning that inconsistent fill level requirements could unfairly burden some sites and jeopardize winter supply security.
Scotland's Grangemouth Oil Refinery Ends Crude Processing, Begins Layoffs
Grangemouth, Scotland's only oil refinery, has ceased crude processing as Petroineos transitions the site into an import terminal, triggering job cuts and marking the end of an era for the aging facility.
What’s Next for Nord Stream 2? Expert Eyes Repair and Repurposing Options
In this Q&A, offshore construction expert Richard Taylor shares technical insights into the condition of the Nord Stream 2 pipelines and discusses potential repurposing options — from hydrogen transport to LNG imports — as viable alternatives to decommissioning.
North Sea Pipeline Activity Accelerating Amid Jump in Demand
The volume of pipeline activity in the North Sea region — covering Denmark, the Netherlands, the southern part of Norway, northwestern regions of Germany and some parts of Sweden, Belgium and France — is accelerating this year, being mainly driven by the ever-growing energy demand, particularly with hydrogen.
Spain’s 1,615-Mile Hydrogen Network Advances Ahead of Schedule, Enagas Says
Spain’s Enagas is moving ahead of schedule with plans to build a 1,615-mile hydrogen network, part of the H2Med corridor linking Iberia to Europe. Operations are set to start by 2030, with a final investment decision expected in 2027.
Netherlands Commits to Carbon Storage Project After Shell, Total Withdraw from Pipeline Plans
The Netherlands has pledged $726 million to support its largest carbon storage project after Shell and TotalEnergies withdrew from investing in pipeline infrastructure. The move aims to keep the Aramis project on track to meet 2030 climate goals.
UK, Eni Greenlight Liverpool Bay CCS Project with New Pipeline Network
UK and Italian energy firm Eni have approved the launch of the Liverpool Bay carbon capture project, which includes construction of a 22-mile pipeline network to transport industrial CO₂ for offshore storage as part of the HyNet CCS cluster.
Black Sea Gas Ramps Up as Turkey Targets Regional Oil, Gas Partnerships
Turkey's Sakarya gas field has reached 9.5 million cubic meters per day, fueling Ankara’s regional energy ambitions. The country is pursuing exploration partnerships in Bulgaria, Somalia, Iraq, and the Caspian Sea as part of efforts to cut imports and boost supply security.
U.S.-China Trade War Reshapes Global LPG Flows, Pressures Prices
China is shifting away from U.S. LPG imports due to new tariffs, boosting demand for Middle East supply and altering global liquefied petroleum gas trade routes. The disruption is expected to affect prices, inventories, and global petrochemical markets.
Spain Approves $455 Million in Aid to Boost Renewable Hydrogen Production
Spain has approved $428 million in state aid to support renewable hydrogen production, aiming to build up electrolyzer capacity and meet EU climate targets.
Forum Reports Early Success in Tackling Subsea Challenges
An influential forum of oil and gas operators with a vested interest in subsea operations is tackling the challenges of aging offshore infrastructure through cross-industry collaboration.
Australia's Woodside to Supply Louisiana LNG to Germany’s Uniper Under New Deal
Woodside Energy has signed LNG supply agreements with Germany’s Uniper for up to 2 million tonnes per annum, including long-term deliveries from its Louisiana LNG project. The deal supports Germany’s gas-fired power capacity.
Oman, Netherlands, Germany Agree on First Green Hydrogen Import Corridor
Industry groups from Oman, the Netherlands, and Germany have signed an agreement to develop the world’s first liquid hydrogen import corridor, linking ports in Duqm, Amsterdam, and Duisburg to support Europe's green energy transition.
Trump Factor Fuels EU Debate Over Resuming Russian Gas Imports
As uncertainty grows over U.S. LNG reliability under a potential Trump presidency, EU leaders and energy executives are openly reconsidering Russian gas imports despite prior pledges to cut ties by 2027.
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
