Europe

Venture Global, Grain LNG sign new deal further strengthening the security of natural gas supply to the UK

Grain LNG and Venture Global have announced the execution of a binding long-term terminal use agreement (TUA) enabling the regasification and sale of LNG from all of Venture Global’s terminals in Louisiana, including CP2 LNG.

Uzbekistan plans to invest $500 MM to boost gas imports from Russia

Uzbekistan plans to spend $500 MM on modernizing its mainline gas system to allow it to increase imports from Russia to 32 MMm3 a day from 9 MMm3.

KT awarded Eni contract for hydrogen production in Livorno plant biorefinery conversion

MAIRE announced that its subsidiary KT - Kinetics Technology (Integrated E&C Solutions) has been awarded an EPC contract by Italian Energy company Eni to build a hydrogen production plant at Eni’s Livorno refinery.

Danish Tyra gas field on track to restart in March

Denmark's Tyra natural gas field remains on track to restart production at the end of March.

Veolia agrees to buy Hungarian gas-fired power plant from Uniper

Veolia has agreed to buy a 430-megawatt, gas-fired power plant in Hungary from German energy firm Uniper.

Equinor signs 15-year LNG deal with India's Deepak Fertilizers

Norway's Equinor said it had signed a 15-year agreement to supply LNG to India's Deepak Fertilizers from 2026.

Italy awaits EU clearance on $5.2-B tariff to cover gas storage costs

Italy's energy authority is awaiting clarity from the European Union on whether a planned tariff to cover costs of gas storage filling, potentially worth $5.18 B, is in compliance with the single market rules.

GTA LNG project reaches major milestone with arrival of FLNG vessel

The FLNG vessel that is a core component of the Greater Tortue Ahmeyim LNG project has arrived at its destination on the Mauritania and Senegal maritime border.

STX Group announce unique financing partnership with Biovalue for Dutch biomethane plant

STX Group announced the financing partnership with BioValue for the construction and development of the Groengas Cothen biomethane plant.

Cyprus could produce first natural gas as soon as 2026

Cyprus could start producing its first natural gas as soon as 2026 and plans to participate in a high-powered electricity cable project linking the eastern Mediterranean to continental Europe.

EU sees no need to extend deal on Russian gas transit via Ukraine

The European Union sees no need to extend an agreement to transport Russian gas to Europe via Ukraine, ahead of the contract's planned expiry at the end of the year.

Kazakhstan's TCO cranks up LPG exports to Finland

Kazakhstan's Tengizchevroil exported about 2,000 metric tons of LPG to Finland by rail last month as the company seeks to expand in new markets.

U.S. president Biden's pause on LNG approvals will not hit Europe short-term supply

President Joe Biden's decision to pause approvals of new exports of LNG will have no affect on U.S. supplies to Europe over the next two or three years, a European Commission official said after meeting U.S. officials.

Shell expects 50% rise in global LNG demand by 2040

Global demand for LNG is estimated to rise by more than 50% by 2040, as China and countries in South and Southeast Asia use more LNG to support their economic growth.

Chesapeake Energy Corporation, Delfin LNG and Gunvor sign long-term LNG liquefaction offtake agreement indexed to Japan Korea Marker

Chesapeake Energy Corporation, Delfin LNG LLC and Gunvor Group Ltd, through Gunvor Singapore Pte Ltd, today announced the entrance into a LNG export deal that includes executed Sales and Purchase Agreements for long-term liquefaction offtake.

Austria seeking to end Russian gas import contract, energy minister says

Faced with stubbornly high Russian gas imports as the war in Ukraine rages on, Austria is seeking to take more radical steps, including ending energy company OMV's long-term contract to buy gas from Gazprom.

National Grid, Constellation Energy agree on LNG supply deal for Massachusetts (U.S.) facility

Britain's National Grid said it reached an agreement with gas-supplier Constellation Energy that would allow it to keep operating its Everett gas-import terminal for six years.

Russia extends permit for LNG supplies to Germany's SEFE until 2040

The Russian government has extended a permit for its Yamal LNG plant to supply LNG to German nationalized gas importer and trader SEFE until Dec. 31, 2040.

Spain's gas imports down 5% in January from same month last year

Spain's natural gas imports fell more than 5% in January compared to the same month a year earlier, data from Spanish grid operator Enagas showed.

Algeria's Sonatrach to supply Germany with pipeline gas for first time

Germany will receive its first supplies of pipeline natural gas from Algeria under a medium-term contract signed between a subsidiary of trader VNG AG and state-owned oil and gas firm Sonatrach.

India's GAIL buying spot LNG to hedge against Red Sea delays

India's state-run GAIL Ltd is selling more U.S. LNG in European markets and making spot purchases to avert delays due to the Red Sea crisis.

Russia's Arctic LNG 2 last line is on hold, TotalEnergies CEO says

The third and the last train of the Arctic LNG 2 project in Russia has been put on hold but the second train is likely to be installed, the head of stakeholder TotalEnergies said.

Czechs boost imports of Russian gas at end of 2023

Traders in the Czech Republic returned to importing an increasing amount of Russian natural gas in the final months of 2023 after an earlier near-complete halt, foreign trade data from the Czech Statistical Bureau shows.

Russia's INK may boost LPG exports by 20%-30% in 2024, focus on China

Russia's Irkutsk Oil Company will likely increase its exports of LPG by 20%-30% this year, focusing on sales to China, according to traders and industry sources, as the company recovers production.

Mitsubishi sees Russia's Sakhalin LNG as key energy source for Japan

Mitsubishi Corp CEO Katsuya Nakanishi said Russia's Sakhalin 2 LNG project remains a key source for Japan's energy supply, as Japanese companies maintain their Russian exposure.

Germany outlines $17-B plan to subsidize gas-to-hydrogen shift

Germany's government has agreed plans to subsidize gas power plants that can switch to hydrogen with a price tag of $17 B in subsidies as part of efforts to supplement intermittent renewable energy and speed up the transition to low carbon generation.

NextChem and Engie collaborate on advanced biomethane technology

Maire announced that NextChem, through its subsidiary NextChem Tech, and ENGIE agreed to cooperate on the development and commercialization of an advanced biomethane technology to produce synthetic methane from dry biomass waste.

Moldova's separatist Transdniestria region says it needs more gas

Moldova's pro-Russian separatist region of Transdniestria has said it needs more Russian natural gas to operate its industry as supply and cost emerge as election issues in the former Soviet republic.

Russia raises LNG exports by 11% y/y in January

Russia increased exports of LNG in January by 11% from the same month a year ago to 3 MMt, of which 1.77 MMt were shipped to Europe.

European and Asian companies affected by U.S. pause on LNG export permits

U.S. President Joe Biden's administration announced a pause on pending and future permits to export LNG to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts.