Europe

Europe's Natural Gas Demand Falls on Industrial Cutbacks

Europe slashed its natural gas use in August and September as industries cut production in response to soaring prices and scarce Russian supply, although the cuts were unevenly spread between countries.

Serbia's New Government Makes Energy Infrastructure Top Priority

The Serbian parliament appointed a new government on Wednesday whose main priorities are EU membership and investment in oil and gas pipelines and other energy infrastructure.

Factbox: Why European Gas Prices Have Been Falling

Despite dwindling Russian gas pipeline supplies, Dutch front-month gas, the European benchmark, has fallen 67% since hitting an all-time high in August to around 100 euros per megawatt hour and is at the lowest level since mid-June.

LNG Ships Wait off Spain's Coast as Higher Prices Eyed

Several ships carrying LNG anchored off Spain's Bay of Cadiz are likely to stay there until late November in anticipation of a rise in European gas prices, industry sources said.

EU Energy Chief Says Gas Price Cap Possible This Winter

The European Union could introduce a gas price cap this winter to limit excessive price spikes, but only if countries give Brussels a mandate to propose the measure, the bloc's energy chief said on Wednesday.

Serbia Plans Nearly $12 Billion in Pipeline, Energy Projects

Serbia's new government plans to invest 12 billion euros ($11.83 billion) in energy projects, including oil and gas pipelines and increased power production capacity, prime minister designate Ana Brnabic told parliament on Tuesday.

How Germany is Replacing Russian Gas

Germany, Europe's biggest economy and historically a major importer of Russian gas, is scrambling to secure alternative supplies following a plunge in flows from Russia since its invasion of Ukraine.

Analysis-Pipeline Blasts Leave Nord Stream in Insurance Limbo

With the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream 1's insurers and reinsurers are grappling with how to respond to hundreds of millions of dollars in potential claims.

Mozambique to Ship First Batch of LNG Exports to Europe by Early November

Mozambique expects to ship its first LNG exports to Europe from the Eni-operated Coral Sul floating plant later this month or early November, petroleum regulator INP said on Friday in a supply boost for the energy-starved region.

Spain: Barcelona-Marseille Pipeline Could Take 4-5 Years to Build

The planned underwater pipeline connecting the ports of Barcelona and Marseille is unlikely to help ease Europe's energy crisis in the short term, with Spain saying on Friday it could take at least four to five years to become fully operational.

Italy Aims for 'Miracle' with LNG Project in Energy Crunch

Italy is invoking the need for energy security in the face of Russian supply cuts to rush through in a matter of months a new LNG terminal – a process that would normally take years due to local objections and permitting.

France, Spain and Portugal Agree to Build Barcelona-Marseille Gas Pipeline

Spain, Portugal and France said on Thursday they will build a sea-based pipeline to carry hydrogen and gas between Barcelona and Marseille, substituting plans to extend the so-called MidCat pipeline across the Pyrenees that France opposed.

Dozens of LNG-Laden Ships Queue Off Europe's Coasts Unable to Unload

Dozens of ships carrying LNG circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they may have to suspend loading to deal with this "exceptional situation".

QatarEnergy Expanding in LNG, Won't Divert Supplies to Europe

QatarEnergy is working to expand its gas production and trading operations as global demand surges and will not divert LNG contracted with Asian buyers to Europe this winter, CEO Saad al-Kaabi said on Tuesday.

Gazprom CEO: Big Part of Nord Stream May Need to Be Replaced

Gazprom CEO Alexei Miller told Russia's State TV Channel One late on Thursday that a big section of the damaged Nord Stream pipelines might need to be replaced, while Russia plans boosting gas exports via the Black Sea and Turkey.

Germany Receives First Gas Deliveries Directly from France

Germany on Thursday received the first direct gas deliveries from France through a pipeline link under a deal aimed at helping both countries cope with current energy supply problems, the French grid operator GRTgaz said.

Druzhba Pipeline Leak Reduces Russian Oil Flows to Germany

Germany said on Wednesday it was receiving less oil but still had adequate supplies, after Poland found a leak in the Druzhba pipeline that delivers crude from Russia to Europe that Warsaw said was probably caused by an accident rather than sabotage.

Gazprom: NATO Mine Destroyer Was Found at Nord Stream 1 in 2015

A spokesperson for Russian energy giant Gazprom said on Monday that a mine destroyer discovered at the Nord Stream 1 offshore gas pipeline in 2015 belonged to NATO.

Hungary, Serbia Agree to Build Pipeline to Ship Russian Oil to Serbia

Hungary and Serbia have agreed to build a pipeline to supply Serbia with Russian Urals crude via the Druzhba oil pipeline as Belgrade's shipments via Croatia fall under EU sanctions, the Hungarian government said on Monday.

Italian Commissioner Proposes Cheaper Gas for Area Hosting New LNG Terminal

Companies and households in a Tuscan town chosen to host a new regasification terminal should be offered a 50% discount on their gas price to help overcome local opposition, the commissioner for the project said on Friday.

Germany in Intense Talks with France on MidCat Gas Pipeline

Germany is in intense talks with partners, including France, about the proposed MidCat gas pipeline across the Pyrenees, said a German government spokesperson on Friday.

Spain, Germany Strengthen Alliance and Pressure on France to Build Gas Pipeline

At a time of a shifting balance of power within Europe, Spain and Germany's leaders vowed on Wednesday to strengthen their alliance and doubled down on their plan to build a new Pyrenean gas pipeline despite opposition from mutual neighbor France.

Germany, Spain Stick to Plan to Build New Gas Pipeline Despite French Opposition

Germany and Spain are sticking to their plan to build a new gas pipeline across the Pyrenees in defiance of French opposition, a joint action plan showed, as the leaders of the two European nations met in the northern Spanish city of La Coruna.

Gazprom Resumes Gas Exports to Italy Via Austria

Gazprom said the company and its Italian customers had found a solution following regulatory changes in Austria which halted flows entering Italy via a pipeline passing through Tarvisio in the northeast of the country.

Trafigura Exec: Europe May Avoid Gas Disaster This Winter, Next Could Be Worse

Europe may avoid a gas disaster this winter, thanks to signs of demand reduction and solid inventories, but next winter could be worse as the balance of gas will be much less, a top executive at energy trader Trafigura said on Tuesday.

Sweden Sends Diving Vessel to Investigate Nord Stream Pipelines After Leak

Sweden sent a diving vessel on Monday to the site of Russian gas pipelines in the Baltic Sea that ruptured last week following blasts in the area, to probe an incident that has added new tension to Europe's energy crisis.

US Producers Boost LNG Exports to Europe Despite Output Constraints

U.S. producers of LNG boosted exports to Europe in September even as a plant outage kept overall shipments below the average for the first eight months of 2022, Refinitiv Eikon data showed on Monday.

Gas Starts Flowing to Poland Through New Baltic Pipe Pipeline

Gas started flowing to Poland through the new Baltic Pipe pipeline from Norway via Denmark and the Baltic Sea on Saturday morning, Polish gas pipeline operator Gaz-System said.

Greece-Bulgaria Gas Pipeline Begins Commercial Operation

(P&GJ) — The Greece-Bulgaria gas pipeline, the Gas Interconnector Greece-Bulgaria (IGB), started commercial operation on Saturday, according to ICGB AD, owner and operator of the IGB. The total length of the gas pipeline is 182 km (113 miles), and the designed capacity is up to 3 billion cubic meters per year.

Czechs, Poles Ask for EU Funding for Revived Gas Pipeline Project

The Czech Republic and Poland asked the European Commission on Friday to provide funding for a new gas pipeline that would connect the Czech Republic to the Polish network and its LNG terminals, the Czech Industry Ministry said.