Europe
P&GJ’s Europe 500 Report of Top Pipelines
The following is a list of some of the longest transportation routes on the continent of Europe as of July 2024. This third such report will be broken down into two sections: gas and liquids (oil and products), which will be updated in each of our September issues going forward.
French Pipeline Sector Moving Toward Hydrogen
France is actively developing its pipeline network, as part of ambitious state plans to turn the country into one of the largest natural gas and hydrogen hubs in Europe in years to come.
EU, NATO Step Up Fight Against Sabotage of Gas Infrastructure
Safeguarding European energy and gas infrastructure against sabotage and cyberattacks will be one of the top priorities for NATO and the EU institutions over the coming years as the Nord Stream attacks have altered the energy security landscape for good.
Shell, Equinor, TotalEnergies Open Norwegian CO2 Storage Facility with 68-Mile Pipeline
Shell, Equinor, and TotalEnergies have completed a CO2 storage project in Norway that includes a 110-kilometer (68-mile) pipeline to transport carbon dioxide for permanent storage 2,600 meters below sea level. First deliveries are expected in 2025.
Eni CEO Predicts Brent Oil to Rebound to $80 per Barrel by Year-End
The chief executive of Italian energy group Eni expects Brent oil prices to recover to around $80 per barrel in the coming months.
Dutch Urge Tougher Sanctions as Russian LNG Imports Surge
Imports of liquefied natural gas (LNG) from Russia at the Netherlands' main terminal in Rotterdam have risen in recent months, underlining the need for further sanctions, the Dutch government said on Monday.
ConocoPhillips, Uniper Ink 10-Year Natural Gas Supply Deal
German energy company Uniper and U.S. oil and gas producer ConocoPhillips said they have agreed a supply deal for up to 10 billion cubic meters of natural gas over the next 10 years.
TotalEnergies Extends CNOOC LNG Deal by Five Years
France's TotalEnergies said on Thursday it has extended an agreement with China's CNOOC by five years that will see it deliver 1.25 million tons of LNG per year until 2034.
EQT CEO Predicts U.S. Natural Gas Prices to Stay Below $3/MMBtu Amid LNG Demand Growth
The CEO of U.S. natural gas producer EQT Corp. on Wednesday said U.S. prices for the fuel will remain below $3 per million British thermal units in the short term.
Turkey Boosts Export Capacity, Supply Flexibility with 10-Year LNG Deal with TotalEnergies
Turkey took a further step towards becoming a regional gas re-exporter on Wednesday, after state energy company Botas signed a 10-year supply agreement with France's TotalEnergies, its fourth long-term import deal with non state-owned firms this year.
Apollo Strikes $1 Billion Deal to Fund BP's Stake in Trans Adriatic Pipeline
Apollo Global Management has signed a $1 billion deal with British energy major BP to fund its stake in the Trans Adriatic natural gas pipeline.
MT Group Secures Ørsted Contract for CO2 Capture Facility in Denmark
The project will focus on piping and equipment for the Balance of Plant systems at Ørsted’s Kalundborg CO2 Hub.
BP, Iberdrola Team Up on 25-MW Green Hydrogen Plant in Spain
Spanish renewable power company Iberdrola and Britain's BP said on Thursday they had agreed to build a 25-megawatt green hydrogen plant in Castellon, on Spain's eastern coast.
Hungary's MOL Reaches Deals for Oil Transport Via Druzhba Pipeline
Hungary's MOL said on Monday it had reached deals with suppliers and pipeline operators for the continuous transportation of crude oil through Belarus and Ukraine via the Druzhba pipeline.
Poland's Orlen Secures Exclusive LNG Trans-shipment Deal in Lithuania
Polish top refiner Orlen has signed a five-year agreement with Lithuanian oil and gas logistics firm KN Energies for exclusive use of a waterfront LNG transshipment station in Klaipeda.
Azerbaijani President Confident on Ukraine Gas Route Talks
Azerbaijani President Ilham Aliyev said on Friday he was optimistic of a breakthrough in talks between Moscow and Kyiv to keep Russian gas flowing through Ukraine to several European countries.
Goldman Sachs Warns AI Could Weigh on Oil Prices, Reshaping Market Dynamics
Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources, Goldman Sachs said on Sept. 3.
U.S. LNG Export Dominance Under Pressure as Europe's Demand Drops: Maguire
The United States has remained the largest exporter of LNG so far in 2024, but a steep drop in selling prices and a sharp swing in export volumes to key markets is likely testing exporter appetite to stay on top.
Eni and Snam Launch Italy’s First Carbon Capture Project to Cut Emissions
Eni and Snam have launched Italy's first carbon capture, transport and storage project to help heavy polluting industries cut carbon dioxide emissions, they said on Tuesday.
Half of Finland’s Inkoo LNG Slots Already Booked for 2025
Customers of Finland's Gasgrid have so far booked half the available slots for imports of LNG via the Inkoo floating storage and regasification unit in 2025, the company said late on Monday.
EU to Tighten Hydrogen Funding Rules Amid Cheap Chinese Imports
The European Commission is working on tighter rules to ensure EU funding for hydrogen projects benefits European companies, after local industries raised concerns over cheap Chinese imports, the EU's head of climate change policy said on Monday.
Turkey’s Botas Secures 10-Year LNG Deal with Shell for 4 Bcm
Turkish state energy company Botas and British oil major Shell signed a 10-year LNG agreement on Monday, the Turkish Energy Minister Alparslan Bayraktar said.
‘Capricious’ You Say?
Is it just me or does the decision by the D.C. appeals court to throw out FERC’s approval of a Williams Cos. pipeline project due to the regulator’s “arbitrary and capricious” review process seem a bit more short-sighted than usual?
OPEC+ Set to Move Forward with October Output Hike Despite Demand Woes, Sources Say
OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to compensate for overproduction counter the impact of sluggish demand, six sources from the producer group told Reuters.
Russia's Tatneft Increases Oil Exports to Slovakia, Hungary Amid Lukoil Sanctions
Russian companies, mainly Tatneft, have boosted oil exports to Slovakia and Hungary to replace supplies lost after Ukraine sanctions halted exports from Moscow-based Lukoil, Kommersant newspaper said on Thursday.
China's Hygreen Energy to Invest $2.2 Billion in Spanish Green Hydrogen Plant
The investment is part of a broader set of agreements, which include a deal with Spanish firm Coxabengoa to manufacture and develop green hydrogen technology in the Spanish region.
Enbridge Predicts Rising Oil Demand Through 2050 as U.S. Supply Grows
Enbridge CEO Greg Ebel predicts global oil demand could surpass 110 million barrels per day by 2050, prompting significant investments in U.S. supply and LNG expansion.
Norwegian Piped Gas Exports Could Rival Historic Highs in 2024, Gassco Says
Norwegian pipeline gas exports to Europe could approach a 2017 historic record this year, after rising 10% so far in 2024 following a decline in 2023, the head of system operator Gassco told Reuters on Tuesday.
Unexploded WWII Bomb Halts Production at Czech Refinery, Forces Shutdown
Orlen's Czech unit Unipetrol is shutting down production in its Litvinov refinery after an unexploded World War Two bomb was found in a remote part of the chemical complex in Zaluzi, the Czech company said on Wednesday.
Global News August 2024
Latest industry developments from around the world!
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Gazprom’s Grandeur Fades as Europe Moves Away from Russian Gas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
