Europe

Snam Working on Infrastructure Projects to Boost Gas Supplies

Snam manages some 33,000 km of pipeline in Italy and has stakes in key pipelines that brings Algerian and Azeri gas to Italy as well as the TAG pipeline that transports Russian gas.

Russian Gas Flows Via Nord Stream 1 Dip in Line with Requests

Russian gas deliveries to Europe via the Nord Stream 1 pipeline declined from normal levels, but were in line with requests for gas, while the Yamal-Europe pipeline remained in reverse mode for a third consecutive day.

Biden Administration Approves More LNG Exports to Europe

The Biden administration authorized additional exports of LNG from Cheniere Energy in a move that can likely help Europe deal with an energy crunch worsened by Russia's invasion of Ukraine.

Germany's E.ON Cuts Russia Exposure, Signals Nord Stream 1 Risk

E.ON has joined other energy firms in paring its Russian exposure, adding that a $1.2 billion stake it holds in the Nord Stream 1 gas pipeline could lose value as a result of Moscow's invasion of Ukraine

France, Spain in Talks to Resume Construction on MidCat Gas Pipeline Project

Launched in 2013, the gas pipeline project named MidCat (Midi-Catalonia) was meant to bring gas from Algeria, a country which already supplies 11% of the gas consumed in the European Union, up to northern Europe.

DNV Evaluating Hydrogen Readiness of Hungarian Gas Pipeline

GSZ Ltd., the owner and operator of the Hungarian high-pressure transmission natural gas pipeline system, commissioned DNV to assess the suitability for partial to full hydrogen transport of one of FGSZ’s pipelines.

Norway's Equinor Confirms Trading Halt in Russian Oil

Equinor said that it had contractual commitments which it struck prior to Russia's invasion of Ukraine, under which it was to receive four oil cargoes in March.

Russian Gas Will Continue to Flow Through Ukraine to Europe, Ukrainian Official Says

Russian gas will continue to flow to Europe through Ukraine as long as the operators of Ukraine’s gas networks are able to function, the head of Ukraine's state energy firm Naftogaz said.

Denmark Resumes Construction of Norway-Poland Gas Link

Construction of the Danish part of Baltic Pipe, which will connect Poland to Norwegian gas fields, is resuming following a nine-month hiatus

CERAWeek: No Short-Term Solution for European Gas Crisis, Says Tellurian CEO

Europeans are very lucky that it was a warm winter, panelists said at a CERAWeek session on Wednesday, referring to an ongoing natural gas crisis that start long before Russia invaded Ukraine.

Russian Piped Gas Deliveries to Europe Remain Stable

The Yamal-Europe pipeline usually accounts for about 15% of Russia's supply of gas to Europe and Turkey but from December 21 until recently had been operating in reverse, which helped drive up European gas prices.

Gas Security a Growing Worry Due to Russia's Export Dominance

Energy industry leaders said the burgeoning energy crisis is more dire for Europe's natural gas market than its crude oil imports, due to the continent's dependency on Russia.

Eni Suspends the Purchase of Oil from Russia

Italian energy group Eni has suspended the purchase of oil from Russia following its invasion of Ukraine and is watching developments closely with regards to gas procurement.

Perspective: Security for US and Europe Begins with New Energy Policy

It is high time that the U.S. forges a new energy policy, based on facts and common sense. Before Tuesday’s decision to halt the import of Russian oil and gas, the Biden Administration had put more sanctions on U.S. oil and gas than on Russian oil and gas.

Russian Gas Continues to Flow into Europe on Main Pipeline Routes

Russian gas delivered through pipelines continued to flow via Poland westward into Germany while flows into Slovakia via Ukraine remained at recent high levels.

Chevron CEO Downplays Oil Shortage Worries, Says Supplies Are Available

Chevron CEO Michael Wirth downplayed worries over oil supplies saying although global crude oil inventories have been drawn down, oil supplies are not lacking.

Remorseful Shell Abandons Russian Oil

Shell stopped buying Russian crude and said it would phase out its involvement in all Russian hydrocarbons from oil to natural gas over Ukraine, becoming one of the first major Western oil companies to abandon Russia entirely.

Enel Ready to Resume LNG Plan as Italy Steps Up Gas Hunt

Italy's biggest utility Enel is ready to dust off plans to build an LNG terminal in southern Italy as Rome steps up its efforts to find alternative supplies to replace Russian gas.

Europe's Plan to Wean Itself Off Russian Gas

The European Union laid out plans to cut its reliance on Russian gas by two-thirds this year and end it "well before 2030", in a bid to wrest countries free from depending on Moscow for energy.

Biden Bans Russia Oil Imports to US, Warns Gasoline Prices Will Rise Further

U.S. President Joe Biden has banned Russian oil and other energy imports in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up U.S. energy prices.

Germany's Uniper to Record Full Impairment Loss on Nord Stream 2 Loan

Berlin has halted the Nord Stream 2 Baltic Sea pipeline project, which would have doubled Russian gas flows to Germany, following Russia's invasion of Ukraine, which Moscow calls a "special operation".

United Steelworkers Union Calls on Oil Companies to End Russian Crude Imports

United Steelworkers International President Tom Conway said the union called on their government and employers to cut off all Russian imports of crude oil that would be processed in our domestic refineries.

US Prepared to Move Alone in Banning Russian Oil Imports

The Biden administration is willing to move ahead with a ban on Russian oil imports into the United States without the participation of allies in Europe, after Russia's invasion of Ukraine.

Gas Pipeline in Eastern Ukraine Damaged by Russian Fighting, Local Governor Says

Ukrainian engineers scrambled to repair a gas pipeline damaged by Russian forces, halting supplies to parts of southeastern Ukraine, the Donetsk region governor Pavlo Kyrylenko said.

Nord Stream 1 Says Gas Supplies to Europe Via Pipeline Continue

The operator of the operational Nord Stream 1 undersea gas pipeline from Russia to Germany said that transportation of natural gas to Europe was continuing normally.

Europe Must Urgently Cut Dependence on Russian Gas, Portugal Says

Europe must urgently diversify its natural gas supply sources to reduce its dependence on Russia, Portugal's energy secretary of state said, pointing to alternatives such as the U.S. and Qatar.

German Chancellor: It was the Right Time to Halt Nord Stream 2

The halt of the Nord Stream 2 gas pipeline, which was supposed to bring additional gas from Russia to Germany, came at exactly the right time, German Chancellor Olaf Scholz said.

Russian Gas Flows Via Yamal Pipeline to Germany Halt, Bids Remain

Russian gas accounts for some 40% of European gas demand, while the Yamal-Europe pipeline usually accounts for about 15% of Russia's westbound supply of gas to Europe and Turkey.

Wintershall Dea Stops Payments to Russia, Writes Off $1.1 Billion Nord Stream 2 Loan

Wintershall Dea will stop payments to Russia and write off its 1 billion euro ($1.1 billion) financing in the Nord Stream 2 gas pipeline, which was suspended last week.

Sanctions on Russian Energy 'On the Table' - But Not Just Yet, US Says

The United States is open to imposing sanctions on Russia's oil and gas industry but going after its exports now could help Moscow, the White House said.