Europe

Equinor: EU May Need 350 Extra LNG Cargoes to Refill Storage

Equinor warns that the EU may need up to 350 additional LNG cargoes this year to replenish gas reserves, with potential competition from Asia driving up costs.

Turkey, Turkmenistan Sign Gas Supply Deal, Flows Set for March

Turkey and Turkmenistan have signed a deal to begin Turkmen natural gas flows to Turkey on March 1, Turkish Energy Minister Alparslan Bayraktar said. The agreement strengthens energy ties and enhances regional supply security.

Baltic States Cut Ties with Russia’s Power Grid, Link to EU System

Estonia, Latvia, and Lithuania have officially disconnected from Russia’s electricity grid and linked to the EU system, marking a historic shift aimed at enhancing energy security and reducing dependence on Moscow.

Germany's Brunsbuettel, Wilhelmshaven LNG Terminals See Strong Demand for Regas Slots

Germany’s Deutsche Energy Terminal successfully sold all available LNG regasification slots at Brunsbuettel and Wilhelmshaven, reflecting strong demand as Europe seeks alternative gas supplies.

North Sea Midstream Partners Names Angela Fletcher as CEO

Fletcher, who has served as NSMP’s chief commercial officer for the past year, takes over as the midstream operator continues efforts to support UK energy security and transition efforts.

Total CEO Says Company Rejected Venture Global as LNG Supplier Over Lack of Trust

TotalEnergies rejected opportunities to become a long-term customer of Venture Global LNG's U.S. terminals because it did not trust the company, CEO Patrick Pouyanné told Reuters on Wednesday.

Gazprom Resumes Gas Supplies to Slovakia’s SPP via TurkStream

Russia's Gazprom began supplying gas to Slovakia's SPP again at the beginning of February, using volumes given up by Hungary on the TurkStream pipeline, SPP said on Thursday.

Hoegh Evi Eyes FID on Ammonia-Based Hydrogen Project for Germany

Norwegian shipping firm Hoegh Evi expects to take a final investment decision (FID) this year on an ammonia-derived hydrogen project to deliver clean fuel into dedicated German grids, chief executive Erik Nyheim said.

Ukraine Eyes U.S. LNG Purchases, Storage to Bolster Energy Security

Ukraine and other European nations have the potential to buy and store liquefied natural gas (LNG) from the United States in Ukraine and this could strengthen Europe's energy security as gas transits from Russia end, its foreign minister said on Wednesday.

Russia's February Oil Exports Revised Up 19% Amid Refinery Cuts

Pipeline operator Transneft has revised upwards plans for crude oil exports from Russia's western ports in February by 300,000 barrels per day (bbl/d) because of lower output from refiners, traders said and Reuters calculations showed.

Europe Soaked Up Nearly All U.S. LNG Exports Last Month, Data Show

U.S. exports of liquefied natural gas (LNG) to Europe jumped in January as cold weather drove up demand and prices for the superchilled gas rose, preliminary data from financial firm LSEG showed.

Construction Report: Trump Policies, Thirst for LNG Could Bolster Expansion

While the global thirst for LNG continues to drive pipeline construction globally, the real questions for the new year concern a second Donald Trump presidency in the United States. Early analysis from those in the industry suggest the change of administration will be good for midstream.

Ukraine Gas Transit Dispute Escalates as Hungary Threatens EU Sanctions Block

A row over the end of Russian gas flows via Ukraine has intensified as Hungarian Prime Minister Viktor Orban threatened to block the next rollover of EU sanctions against Russia unless Brussels helps to achieve a restart of supply.

German LNG Terminal Fears Price Undercutting by State Rival

Private German liquefied natural gas (LNG) terminal operator Deutsche ReGas says the potentially lower prices offered by state-owned Deutsche Energy Terminal to attract buyers are a threat to its business.

Slovakia's Fico to Hold Talks with EU Commission on Gas Transit

Slovakia's Prime Minister Robert Fico, who has sought the resumption of Russian gas transit through Ukraine, will discuss the issue with European Commission officials on Thursday, his office said on Tuesday.

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.

Global News January 2025

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.

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.