Europe

Hungary, Gazprom Agree to Long-Term Gas Supply Deal

Hungary and Russian gas giant Gazprom have agreed to a flexible, 15-year gas supply deal that gives the central European country the ability to renegotiate or cancel the deal if alternative supply methods become available.

Nord Stream 2 Says Departing Top Manager Has Been Replaced

Nord Stream 2 has announced that a top manager who left the project on Friday has already been replaced by someone with heavy involvement in both the current project and its predecessor, Nord Stream 1, but said the name could not be revealed at this time for procedural reasons.

Russia's Gazprom Seeks to Retroactively Raise Price of Gas Sold to Poland

Russia's Gazprom is looking to retroactively raise the price of natural gas sold to Polish gas company PGNiG since 2017.

Croatia's Floating LNG Terminal to Start Operations in January Fully Booked

Croatia's energy minister said the country's floating LNG terminal will begin operations on Jan. 1 2021 and is fully booked through Q3 2023.

Nord Stream 2 Seeks Updated Permit to Complete Pipeline in Danish Waters

The Nord Stream 2 pipeline has applied for a new permit from Danish authorities in order to complete the remaining 75 miles of subsea pipeline in Danish waters.

Total Reviewing Pipeline to Grandpuits Oil Refinery After Leaks

A spokesman for French energy group Total said on Friday the company is exploring the costs of replacing a 161-mile oil pipeline that feeds its Grandpuits refinery near Paris.

Ukraine’s Big Bet: Upgrading, Expanding Gas Transmission Networks

The World Bank will spend $250 million to improve the efficiency of Ukraine’s Gas Transmission System Operator (GTSO). One key goal of this ambitious project is “to strengthen its technical and institutional capacity.”

U.S. Oil for Belarus Reaches Europe as Country Seeks to Reduce Reliance on Russia

The first shipment of U.S. oil bound for Belarus reached Europe late on Friday as the Eastern European country looks to reduce its reliance on neighboring Russia.

Bulgaria's State Gas Firm Seeks Loans for Pipeline Construction

Bulgaria's state gas firm Bulgartransgaz is seeking up to 400 million euros ($453 million) to finance an extension of the TurkStream gas pipeline and other gas projects.

U.S. Senators Propose Tighter Sanctions on Nord Stream 2

Several U.S. senators introduced a bill on Thursday that would expand sanctions on Russia's Nord Stream 2 gas pipeline which Washington says will increase Moscow's influence in Europe.

BP Turns Over Rights to Operate South Caucasus Pipeline

BP has turned over rights to operate the South Caucasus Pipeline (SCP), part of the network that is due to start carrying gas from Azerbaijan to Europe this year, to a unit of Azeri state energy firm SOCAR.

U.S. Senators to Announce Sanctions Bill on Nord Stream 2 Pipeline

A group of U.S. senators is expected to announce legislation on Wednesday that would expand sanctions levied against the controversial Nord Stream 2 gas pipeline led by Russia's Gazprom.

Bulgaria Still Aims to Complete TurkStream Pipeline Extension by Year-End — PM

Bulgaria's Prime Minister is hoping his country will complete its portion of the TurkStream pipeline by the end of 2020, despite construction delays brought about due to the coronavirus pandemic.

U.S. Senators Weigh Additional Nord Stream 2 Sanctions

Two U.S. senators are considering leveraging additional sanctions against Gazprom's Nord Stream 2 pipeline.

Negative Gas Pricing Possible in Europe as Demand Slumps

Gas markets across Europe are facing the possibility of negative pricing on futures contacts barely a month after prices for crude oil in the U.S. dropped below zero.

Russian Gas Transit via Poland Has Nearly Stopped: Ifx

Flows of natural gas from Russia across Poland on the Yamal pipeline have almost completely stopped barely a week after a transit deal between the two countries expired.

EU Court Throws out Challenge from Nord Stream 2

The second-highest court in Europe has dismissed a challenge by the owners of the Nord Stream pipelines against Europen Union gas rules, leaving it up to individual countries to enforce them.

Gazprom Reduced Gas Supplies to Germany, Turkey in March — Interfax

Data released from the Interfax news agency reported that Russia's Gazprom reduced its supplies of LNG in March to Germany and Turkey, two of its key partners.

Poland Expects Russia to Continue Gas Transit to Europe

Polish authorities expect that Russia's Gazprom will continue to transport gas through their country into Europe even after a transit deal between the two countries expired earlier this week.

Russian Pipelaying Vessel Moors at Nord Stream 2 Hub in Germany: Data

According to tracking data from Refinitiv, a Russian pipe-laying vessel that Gazprom may be planning to use to finish its Nord Stream 2 pipeline has docked near a German logistics hub in Mukran.

Poland, Russia to Cut Decades-Old Gas Transit Ties

Poland will not be renewing its gas transit deal with Russia's Gazprom once their current deal expires later this month.

Germany Denies EU Waiver for Nord Stream 2 Pipeline

Operators of the Nord Stream 2 pipeline were denied a waiver of EU regulations for the pipeline on Friday by German energy regulators.

Gazprom Natural Gas Exports Slump 19% in Q1 — Source

Citing weak demand, a source told Reuters that natural gas exports on Gazprom pipelines fell by nearly 20% in the first quarter.

Construction to Start on Gas Pipeline from Norway to Poland

Construction of a major gas pipeline from Norway is to begin in the coming days and will be a “milestone” in giving Poland independence from Russian gas, Polish President Andrzej Duda said.

Poland's Gaz-System Reaches $306 Million Pipeline Deal with Saipem

Polish gas grid operator Gaz-System said on Monday it signed a 280 million euro ($306 million) contract with Italian oil services group Saipem to build a section of the Baltic Pipe between Denmark and Poland.

Russian Pipelaying Vessel Reaches Baltic as Nord Stream 2 Target Looms

A Russian pipelaying vessel that could be used to complete construction of the Nord Stream 2 gas pipeline to Germany has arrived in the Baltic Sea.

Greek-Italian Joint Venture Seeks Contractors for EastMed Gas Pipeline

Greece's DEPA and Italy's Edison are looking for contractors to build part of the EastMed gas pipeline.

PGNiG Loads First LNG Tankers in Lithuania

Polish gas giant PGNiG has sold and loaded the first two cargos of LNG from its reloading terminal in Lithuania.

Norway Says it May Cut Oil Output if OPEC+ Deal Implemented

Norway, Western Europe's largest oil producer, signalled on Friday it could cut its output if the deal negotiated by the so-called OPEC+ nations was implemented as planned.

Germany's Gas Imports Dropped 15% in January, Cost 40% less

Germany imported 15.1% less natural gas in January than a year earlier, while its import bill dropped by 40% due to lower prices, official data showed on Thursday.