Europe

Europe’s Gas Distribution in Need of Evolution

Europe is in transition toward a low-carbon economy in which fossil fuels’ share of the energy mix is projected to fall in coming years, but import of natural gas are expected to rise. This means that Europe’s distribution network capacity will have to be improved.

Cyprus, Greece, Israel to Sign EastMed Pipeline Deal on Jan. 2

The leaders of Cyprus, Greece and Israel plan to sign an agreement early in the new year for the building of the eastern Mediterranean natural gas pipeline, the Greek prime minister’s office announced Sunday.

No doubt of Nord Stream 2 Completion, but Later at Higher Cost

Russian and German officials say sanctions will add time and cost to construction of the Nord Stream 2 pipeline between their two countries, but alternatives are available for completion by in 2020.

U.S. Sanctions Halt Allseas Work on Nord Stream 2

Swiss-Dutch company Allseas said it had suspended work on building a major Russia-to-Germany natural gas pipeline in order to avoid U.S. sanctions contained in legislation signed by President Donald Trump on Friday.

Turkey Threatens Retaliation Against Possible U.S. Pipeline Sanctions

Turkish President Tayyip Erdogan was quoted as saying on Friday that Ankara would retaliate against potential U.S. sanctions over its purchase of Russian defense systems and the TurkStream gas pipeline.

Russia, Ukraine, EU Agree 'In Principle' on New Gas Deal

Russia, Ukraine and the European Commission, after hours-long talks on Thursday, agreed in principle on a new gas deal starting after Jan 1, 2020, European Commission Vice President Maros Sefcovic told a briefing.

Russia's Putin Says Moscow Plans to Keep Gas Transit Via Ukraine

Russian President Vladimir Putin said on Thursday that Moscow planned to keep gas transit via Ukraine irrespective of a number of gas pipelines Moscow currently builds to bypass its ex-Soviet neighbor.

Orsted Divests LNG Business to Glencore

Danish energy group Orsted said on Wednesday it has agreed to divest its liquefied natural gas business to trading house Glencore.

Bill Imposing Sanctions on Companies Building Nord Stream 2 Heads to White House

The U.S. Senate on Tuesday passed legislation to slap sanctions on companies building a pipeline to bring Russian natural gas to Germany, but it was uncertain whether the measures would slow completion of the project.

U.S. Sanctions Could Hit Nord Stream 2 Construction in Danish waters

Germany believes a new U.S. law imposing sanctions on companies building Russia's contested seabed Nord Stream 2 pipeline could affect ongoing construction works off the coast of Denmark, Bild newspaper said, citing a government document.

Chinese-led Consortium to Build Cyprus' Gas Import Terminal

Cyprus signed a deal on Friday with a Chinese-led consortium to build the east Mediterranean island nation's first natural gas import terminal that officials said will help the country generate cleaner and cheaper energy.

MET Energy Holding Plans Billion-Euro M&A Deals in Europe

Swiss-based MET Energy plans to expand rapidly in Europe over the next three years via acquisitions worth at least 1 billion euros ($1.10 billion) once a deal with Singapore conglomerate Keppel Corporation is finalized next month, MET's CEO said on Monday.

Polish Experts Seek Evidence in Gas Blast that Killed 8

Investigators in southern Poland said they are questioning witnesses and gathering evidence in their probe into a gas blast that killed eight members of one family, including four children.

Gazprom Proposes Short-Term Gas Deal with Ukraine

Russia's Gazprom said it has sent a letter to Ukraine formally proposing either to extend a current deal supplying gas to the country for its own use and for transit to Europe or to sign a new one-year agreement.

Bulgaria Signs up Saudi-Led Group for TurkStream Extension

Bulgaria’s state gas company signed a $1.2 billion (1.1 billion euro) contract with Saudi-led group Arkad to build a gas pipeline to carry mainly Russian natural gas.

Germany Makes Legal Changes to Ease Nord Stream 2 Completion

Germany's parliament on Wednesday approved changes to the law governing the Nord Stream 2 gas pipeline to make it compliant with European Union regulations, removing a hurdle to completion of the Russia-led project.

Hungary Expects Gas from Russia's TurkStream by Late 2021

Hungary plans to be able to get natural gas from the TurkStream pipeline by the end of 2021, Prime Minister Viktor Orban said after hosting a meeting with Turkish President Recep Tayyip Erdogan.

Denmark Approves Nord Stream 2 Project

The Nord Stream 2 project has been approved by Denmark, the last remaining country needed to finish the pipeline.

Dirty Oil Settlement Expected Between Lukoil, MOL

Russian oil producer Lukoil and Hungarian energy company MOL are reportedly set to sign a settlement deal over contaminated oil during Russian President Putin's visit to Budapest this week.

Pipeline Operators: Germany's Winter Gas Supplies Secure

Germany will have enough natural gas this winter, despite restrictions on transit routes Opal and TENP 1, as storage levels are close to 100%, pipeline operators' group FNB said on Monday.

Bulgartransgaz Raises 50 Million Euros Above Target for TurkStream

Bulgartransgaz has raised 50 million euros more than it originally sought to finance its portion of the TurkStream pipeline.

Norway Gas Production to Decline in 2020 with Maintenance

Maintenance at Norway's natural gas fields and processing plants is scheduled to cut production capacity by some 5.35 Bcm in 2020, less than in 2019, according to a Reuters calculation based on data from system operator Gassco.

EIB to Finance Bulgaria-Greece Gas Link

The European Investment Bank agreed on Thursday to finance the construction of a 182-km gas pipeline linking Bulgaria with Greece that will end Sofia's complete dependence on Russian gas and help diversify supplies in southeastern Europe.

Ukraine Wants Long-Term Gas Transit Deal With Russia

Ukraine wants a long-term gas transit contract with Russia based on European standards, the prime minister said on Wednesday, adding Kiev would not agree to a short-term deal that Moscow seeks.

Profit, Not Politics: Trump Allies Sought Ukraine Gas Deal

As Rudy Giuliani pushed Ukrainian officials to investigate Donald Trump's political rival, others with ties to the president wanted to install new management at Ukraine's state gas company and steer contracts to companies controlled by Trump allies, AP reports.

Subsea 7 Awarded Shell Offshore Infrastructure Contract Near Aberdeen, UK

Subsea 7 has announced the award of a sizeable contract by Shell for the Pierce depressurization project, located approximately 160 miles offshore, east of Aberdeen.

U.S. Energy Sec Perry Warns Europe of Russia's Gas Pipeline Plans

Russia's Nord Stream 2 and TurkStream natural gas pipeline projects threaten to increase Moscow's political influence in Europe and leave it vulnerable to supply disruptions, U.S. Energy Secretary Rick Perry said on Monday.

Gazprom: Nord Stream 2 Cost Would Rise by 'Hundreds of Millions' to Bypass Denmark

An alternative route bypassing Danish waters for the construction of the undersea Nord Stream 2 gas pipeline would cost “hundreds of millions of dollars,” the chairman of Russian gas company Gazprom told Reuters.

OMV Chief Says No Need to Discuss Alternative Nord Stream 2 Route

There is no need to discuss alternative routes for Gazprom’s Nord Stream 2 gas pipeline project, which is still awaiting approval for its Danish leg, the chief executive of Austria’s OMV said on Thursday.

Putin Urges Denmark to Ignore U.S. Pressure Over Nord Stream 2

Russian President Vladimir Putin urged Denmark on Wednesday to ignore U.S. pressure and "show it has sovereignty" by allowing the Nord Stream 2 gas pipeline to go through its territory.