Europe
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.
Global News February 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.
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.
Kazakhstan Boosts Oil Supplies to Germany via Druzhba Pipeline in December
Kazakhstan's pipeline operator Kaztransoil said on Tuesday that oil supplies to Germany via the Druzhba pipeline will be increased to 135,000 metric tons (32,000 barrels per day) this month from the planned 130,000 tons.
Gazprom Delivers First LNG Cargo to Italy Amid Rising Sea-Borne Exports
Russian energy giant Gazprom has delivered its first cargo of liquefied natural gas (LNG) to Italy from LNG Portovaya plant on the Baltic Sea, LSEG data showed on Wednesday.
Slovakia's SPP, Partners Urge Continued Ukraine Gas Transit
Slovakia's main gas buyer SPP said on Tuesday it and other groups from Hungary, Austria and Italy had signed a declaration in support of continued natural gas transit through Ukraine.
Austria's OMV Terminates Gazprom Gas Contract Amid Ukraine War-Related Supply Dispute
Austria's OMV said on Wednesday it had terminated its long-term gas supply contract with Gazprom after the Russian firm stopped deliveries last month amid a row that has been highly politicized due to the war in Ukraine.
Northern Endurance to Launch UK’s First Carbon Capture Project
The Northern Endurance Partnership (NEP) has secured financial close for the UK’s first carbon capture and storage (CCS) project, set to store up to 4 million tonnes of CO2 annually.
Shell, Greenpeace Settle Lawsuit Over Protest on Oil Vessel
British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year.
Acquisition of FSRU Independence Complete, Marking Milestone for Lithuania Gas Operations
KN Energies has completed its acquisition of the FSRU Independence from Höegh Evi. The Independence was commissioned by the Republic of Lithuania in 2014 and was engineered with regasification capacity to fully meet the country's gas needs.
Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
Polish gas pipeline operator Gaz-System will offer firm capacity to export gas from Poland to Ukraine between Jan. 1 and Sept. 30 next year, the company said on Friday.
Electric-Drive Compressor On-Line in North Sea
(P&GJ) — North Sea Midstream Partners (NSMP) confirmed the start-up of a new onshore electric-drive compressor at its Teesside Gas Processing Plant (TGPP).
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- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- TC Energy’s North Baja Pipeline Expansion Brings Mexico Closer to LNG Exports
