Europe

From Abandoned Fields to Salt Caves, Gazprom's Gas Storage is Almost Full

Russia, whose gas production and exports to European Union are already near record highs, said last week it needed to finish filling its own gas storage reserves before it could increase supplies to Europe's spot market.

Putin Says Gas Crisis Could Yet Hurt Russia

The European gas crisis can yet bite Russia, President Vladimir Putin said, should soaring prices feed into inflation, further boosting the cost of essentials such as food, or reduce demand for fuel.

Head of Ukraine's Naftogaz Accuses Russia of Blackmailing Europe Over Gas

The head of Ukraine's state energy company Naftogaz said Russia was trying to blackmail Europe into certifying its Nord Stream 2 pipeline by keeping natural gas supplies lower.

Russia Urges Germany to Expedite Nord Stream 2 Certification

Russia's representative to the European Union urged the German authorities to certify the Nord Stream 2 gas pipeline ahead of the Feb. 8 deadline, the RIA news agency reported on Tuesday.

Morocco Mulls Reversal of Pipeline Flow if Algeria Halts Gas Supply

Morocco is discussing with Spain the possibility of reversing the flow of a gas pipeline in case Algeria does not renew a supply deal that expires in Oct. 31, a senior Moroccan official said on Monday.

Liquid Leak Shuts Britain's Easington Gas Processing Terminal, Norway Flows Unaffected

Britain's Easington gas processing terminal was fully shut down on Monday after a liquid leak was detected, British Gas said, but the flow of gas from Norway was unaffected, according to pipeline operator Gassco.

Nord Stream 2 Fills First Line with Gas Ready for Export

The operator of the Russia-led Nord Stream 2 gas pipeline on the bed of the Baltic Sea said the first of the project's two lines has been filled with so-called technical gas, while still awaiting clearance to start sales to Europe.

Spain's Enagas Frees Up Extra Space for LNG to Stabilize Supply in Volatile Market

Spain's gas system operator Enagas has sold extra space for LNG deliveries this winter in a bid to stabilize supply as voracious global demand forces up energy prices.

Germany's Nord Stream 2 Gatekeeper: The Long Road Until Gas Flows

The Nord Stream 2 pipeline is completed and ready to pump Russian gas to Europe, but nothing is flowing yet because it is still awaiting clearance from Germany's energy regulator.

Hungry for Fuel, China Looks to the US, Europe Eyes Relief Plans

China's energy crisis deepened on Friday with coal prices hitting a record high as cold weather sweeps in and soaring gas prices prompting major energy companies to seek long-term deals with U.S. suppliers.

Russian Gas Transit Below Contract Level, Ukraine Operator Says

Russia is sending less gas to Europe via Ukraine than specified in the current transit contract, Ukraine's pipeline operator said on Friday.

Energy Crisis Could Threaten Global Economic Recovery, Says IEA

Oil and natural gas prices have soared to multi-year highs recently, sending power prices surging to record levels as widespread energy shortages hit Asia and Europe.

German Gas Imports Down 0.8% Year Over Year, Bill Up 55.5%

Germany imported 0.8% less natural gas in the first eight months of 2021, but its bill rose 55.5% compared with a year earlier as prices surged, data from trade statistics office BAFA showed on Wednesday.

Putin Says Russia Will Supply More Gas if Europe Asks

European gas prices have hit record levels this month, but the Kremlin has denied that Russia is withholding supplies to exert pressure for quick regulatory approval of the new Nord Stream 2 gas pipeline.

EU Seeking to Ensure Gas Supply to Ukraine, Commission Says

The European Union is looking at different ways to ensure Ukraine has a steady supply of natural gas this winter and is not exposed to any reduction in Russian output, the bloc's chief executive said on Tuesday.

Algeria Meeting European Gas Supply Commitments, Says Minister

Algeria's energy minister said on Tuesday the North African country was fulfilling its contractual obligations for supplying natural gas to Europe, the state news agency reported.

US Worried Energy Supply Not Meeting Demand, Top Biden Adviser Says

President Joe Biden's national security adviser urged energy suppliers to lift flows to meet demand, saying that the United States was concerned about their failure to do so.

Britain's National Grid Says it Can Meet Winter Gas Demand

Britain has enough gas supply capacity to meet demand this winter, grid operator National Grid said in its winter gas outlook on Thursday, while the electricity system operator warned of tight power supplies.

Russia Says Nord Stream 2 Clearance May Cool Gas Prices in Europe

Russian Deputy Prime Minister Alexander Novak said that certification of the Nord Stream 2 undersea gas pipeline, which expects clearance from a Germany's regulator, could cool soaring European gas prices.

Energy Price Surge Sends Shivers Through Markets as Europe Looks to Russia

Soaring energy prices caused alarm among European leaders and sent shivers through global markets on Wednesday, raising concerns of a winter fuel crisis that could play into the hands of gas-rich Russia.

Gazprom's Nord Stream 2 Can Challenge EU Rules, EU Court Adviser Says

Gazprom's Swiss unit can challenge an EU gas rule that requires gas producers to be separate companies from those that control the pipeline, an adviser to the EU's top court said on Wednesday.

EU Looking into Complaints that Russia Stoking Gas Price Surge

The European Commission is looking into complaints by some EU countries that Russia is using its position as a major supplier to propel the soaring price of gas in Europe, the bloc's energy policy chief said on Tuesday.

Germany Seeks Competition Assurances Over Nord Stream 2 Gas Link

Germany's energy regulator said the pipeline must show it would not break competition rules by limiting which suppliers used it and could face a fine if it started pumping Russian gas to Germany without securing approvals.

Hungary Receives Gas Shipments from Ukraine, Pipeline Operator Says

Russian gas producer Gazprom under a long-term supply deal with Budapest that took effect on Friday is set to supply Hungary with gas via Serbia and Austria instead of through Ukraine.

Bulgaria Hikes Natural Gas Price by 36.2% in October

Bulgaria's energy regulator approved a 36.2% increase of the wholesale natural gas price as of October following a request by Bulgargaz, the Balkan country's main gas provider and public supplier.

Ukraine Demands Sanctions on Russia's Gazprom After Kyiv Loses Gas Imports

Ukraine called on the United States and Germany to impose sanctions on Russia's Gazprom, which it accused of using energy as a weapon after the energy giant implemented a transit deal with Hungary.

European Gas Prices Hit All-Time Highs as Russian Flows Slump

European gas prices surged to all-time highs on Friday as Russia kept a tight lid on supply, signaling further price pressures on consumers heading into the winter season.

Poland Joins Calls for EU Action on Energy Price Spike

Poland has joined a growing group of countries seeking European Union action to curb surging gas and energy prices, as governments take steps to protect consumers from higher bills.

Explainer: Global Energy Shortage or a Coincidence of Regional Crises?

There is a broad-based rebound in energy demand from lows hit during the depths of the coronavirus pandemic that has raised prices for oil, gas and coal; ongoing supply restrictions by oil cartel OPEC; and global transport bottlenecks that have complicated fuel distribution.

Global News October 2021

EIA Expects U.S. Natural Gas Consumption to Decline Through 2022, Brazil Seeks Natural Gas Pipeline from Argentina’s Vaca Muerta and more.