Europe
Asia spot LNG holds steady as demand weak, inventories high
Asian spot LNG prices slipped slightly this week, as demand was weak and inventories remained high in both Northeast Asia and Europe.
BASF shares rise on report ADNOC exploring Wintershall Dea deal
Shares in chemicals giant BASF rose on Friday after a report that Abu Dhabi National Oil Co is exploring an acquisition of the German group's energy business Wintershall Dea.
Spain's Endesa cuts profit, dividend outlook after LNG ruling
Spanish power utility Endesa cut its profit and dividend outlook to take into account the impact of a court order to pay $570 MM following a dispute over a long-term LNG supply contract with Qatar.
Germany builds up LNG import terminals
Germany's quest to increase LNG import capacity has intensified as it seeks to end reliance on Russian pipeline gas, on which the European region relied heavily prior to Moscow's invasion of Ukraine last year.
Finland-Estonia gas pipeline system to get bigger capacity after repair
The Balticconnector gas pipeline between Finland and Estonia, which was damaged last month, will get a bigger northbound transmission capacity next year following repairs.
Nigeria and Germany sign $500 mln renewable energy and gas deal
Nigerian and German companies signed two accords in Berlin that include a $500-MM renewable energy pact and a gas export deal.
Russia's oil and gas budget revenues seen down 40% in Nov. m/m
Proceeds from oil and gas sales for Russia's federal budget are likely to be almost 40% lower this month than in October due to cyclical payments of profit-based tax and the restoration of subsidies for refineries.
Oman, BP sign LNG deal
State-owned producer Oman LNG has signed a deal to supply LNG to energy giant BP.
EU poised to propose extending energy crisis measures - official
The European Commission wants to extend emergency energy measures passed last year to cope with Europe's gas crisis to guard against future price shocks and quickly build-out renewable energy.
Ukraine's Naftogaz finds 'promising' gas deposit in Carpathians
Ukraine's state-owned Naftogaz said its gas subsidiary had discovered a 'promising' new natural gas deposit in the west of the country.
Environmental groups urge funding halt for TotalEnergies' Mozambique LNG project
Banks and other financiers should withdraw their support of TotalEnergies' $20 B LNG terminal in Mozambique, environmental lobby groups urged in a letter sent to more than two dozen project funders.
EU sues Poland over restrictions in cross-border trade of natural gas
The European Commission on Thursday said it is suing Poland over measures imposing additional costs in cross-border trade of natural gas.
Czech CEZ gives up on capacity at planned Polish LNG terminal
Majority state-owned Czech utility CEZ has shelved a plan to secure capacity for LNG at a new Polish terminal because it was unhappy with the conditions offered.
Serbia signs gas supply deal with Azerbaijan
Serbia signed a deal with Azerbaijan to purchase 400 MMm3 of natural gas per year from 2024.
German gas trading hub to sell up to 37 TWh of gas from storage
Germany's gas market trading hub, Trading Hub Europe, is planning to start selling the first volumes of gas stored under a government mandate agreed in 2022, when it was tasked with ensuring sufficient supplies as flows from Russia dwindled.
Snam to invest $1.1 B in Ravenna offshore LNG terminal
Italian gas grid operator Snam will invest a total of $1.1 B in a new LNG offshore terminal near Ravenna.
TotalEnergies CEO says gas market volatility to remain until new supply arrives
The Chief Executive of French energy giant TotalEnergies said that the LNG market will continue to experience volatility until new supply is available, but prices are reasonable compared to 2022.
bp, Edison, Shell ask U.S., EU to intervene in Venture Global LNG dispute
bp, Edison and Shell pressed a U.S.-EU energy group to intervene in a dispute with LNG exporter Venture Global LNG over the U.S. firm's failure to deliver contract supplies of the fuel.
Uptick in LNG demand in Asia, Europe insufficient to drive prices
Rising demand for LNG in the top importing regions of Asia and Europe hasn't been enough to spark an increase in spot prices, which continue to languish.
Naturgy gets top Spanish court's nod to mothball gas plants
Spain's Supreme Court on Friday gave power utility Naturgy the green light to temporarily close five gas plants, more than half a decade after it first asked the country's authorities to do so.
Asia spot LNG prices fall amid full inventories, warmer weather
Asian spot LNG prices fell this week as full inventories and warm weather helped mitigate concerns over new U.S. sanctions on Russia's Arctic LNG 2.
Spain's gas imports fell 8.3% in October as gas storage remains full
Spain's natural gas imports fell 8.3% in October compared to the same month a year earlier as the country's gas storage remains at full capacity.
U.S. working with allies over sanctions on Russian Arctic LNG project
The U.S. is working closely with partner countries over sanctions on a Russian LNG project in the Arctic as a January deadline looms on a wind-down of transactions with the plant.
Russia says it won't ditch plans to boost LNG output due to U.S. sanctions
Russia will not abandon its plans to increase LNG production to 100 MMty because of U.S. sanctions.
Mideast conflict dims prospect of more Egyptian LNG exports to Europe
The prospect of the EU receiving more LNG from Egypt in the short and medium term looks unachievable due to tight gas balances and reduced imports form Israel.
Spain's gas imports fall 12.4% in September from same month a year ago
Spain's natural gas imports fell 12.4% in September compared to the same month a year earlier.
Germany's winter gas storage full, ready for cold
Germany has completely filled its winter gas storage and could start withdrawing volumes this month if the weather turns cold.
Japan says to ensure U.S. sanctions on Russia LNG project won't harm supplies
Japan will make sure its energy supplies are not affected by sanctions the United States recently imposed on the Arctic LNG 2 project in Russia in which it has a stake.
Decarbonizing energy solution set for Saltend Chemicals Park, Humberside, UK
A pioneering decarbonizing energy plant generating clean gas for industrial use is set for deployment at Saltend Chemicals Park, Humberside
Russia's LNG production seen at around 30 MMt in 2023
Russia's LNG production is seen at around 30 MMt in 2023.
- Shareholders’ Resolution: MOL to pay $668-MM dividend
- Credit Agricole says it will not fund two major LNG projects
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Japan's JERA suspends output at 4 gas-fired power plants to secure LNG stocks
- TotalEnergies: Papua LNG project requires 'more work' to reach final investment decision
- Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
- QatarEnergy to charter 19 new LNG vessels expanding fleet further
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Mabanaft announces successful acquisition of WESTFA Energy GmbH
- Shell exits China power market businesses, renews focus on natural gas
