Europe

Varo Energy acquires second biogas firm in 2023

European refiner and trader Varo Energy is acquiring biogas supplier Renewable Energy Services, its second deal this year in a sector which is expected to grow rapidly as economies seek to reduce carbon emissions.

Spain's energy firms look to central Europe markets for green hydrogen deals

Spanish oil company Cepsa signed on Wednesday two agreements aimed at shipping green hydrogen between Spain and the Netherlands, a day after renewable energy giant Iberdrola took a similar step.

Pakistan approves LNG purchase deal with Azerbaijan

Pakistan approved a LNG purchase agreement framework with Azerbaijan, its finance ministry said.

TotalEnergies buys $219-MM stake in LNG developer NextDecade

TotalEnergies will buy a 17.5% stake in U.S. liquefied natural gas developer NextDecade for $219 MM, the French group said, part of a broader deal to enable the Texas company's Rio Grande LNG export project to proceed.

Ren Portgás powers up for decarbonization with Synergi Gas Automated Model Builder

REN Portgás upgraded to Synergi Gas Automated Model Builder to prepare for the new energy mix as Portugal transitions to a more sustainable future.

CPGC and BASF accelerate onboard CO2 capture system development

CSSC Power Co., Ltd. and BASF have formed a solid cooperation to expedite the progress of onboard carbon capture system for commercial maritime applications.

A sustainable solution to reduce Europe’s reliance on natural gas

6/13/2023

This analysis shows that Europe will need to reduce natural gas demand by 55 Bm3 this year alone to mitigate against a potentially colder winter, a possible end to Russian supplies or rebounding Asian demand. This comes at a time when Europe has little bandwidth for additional energy rationing without sustaining a steeper slowdown in economic activity.

Macquarie launches sale of Czech firm GasNet

GasNet, the Czech Republic's largest gas distributor, has been put up for sale by Macquarie Asset Management, newspaper Hospodarske Noviny reported, citing four unnamed sources.

LNG developer Venture Global spars with customers over cargoes

Venture Global LNG, which is building three multi-billion dollar U.S. liquefied natural gas processing plants, is sparring with two customers of its first project over mechanical failures that have prevented commercial deliveries a year after initial shipments began.

Germany welcomes construction of hydrogen-ready pipeline with Italy

German Chancellor Olaf Scholz said he is pleased that Italy and Germany have agreed to push ahead with work on the construction of a new pipeline to transport gas and hydrogen between the countries.

Europe's gas prices stabilize as storage additions slow

Europe’s gas storage is refilling much more slowly than usual as the drop in prices encourages more consumption by industrial users and power generators while diverting LNG cargoes to Asia.

Russia's Sakhalin invites India and China to tap energy resources

The local governor of Russia's Pacific island of Sakhalin has invited companies from India and China to tap the region's energy resources following the departure of European and American oil and gas majors.

Technip Energies selected by RWE for first phase of Stallingborough Carbon Capture CCGT Project in the UK

Technip Energies and its partner GE Gas Power have been selected by RWE Generation UK plc to perform a pre-FEED study for a new, decarbonized natural gas-fired Combined Cycle Gas Turbine plant with a fully integrated carbon capture facility.

IMI Critical Engineering completes first pilot test for green hydrogen generation

IMI Critical Engineering has successfully completed its first field test for the generation of green hydrogen using its new IMI VIVO polymer electrolyte membrane electrolyzer.

Hungary buys 100 mcm of gas from Azerbaijan

Hungary's state-owned energy group MVM has agreed to buy 100 mcm of natural gas from Azerbaijan's state energy firm SOCAR, Hungarian Foreign Minister Peter Szijjarto said on his Facebook page.

Russia's Taman port set to suspend LPG exports over drone danger

Russia's Black Sea port of Taman is poised to suspend exports of highly-explosive liquefied petroleum gas because of concerns linked to drone attacks.

Galp eyes final decision on green hydrogen plant this year

Portugal's oil company Galp hopes to take the final investment decision on its first 100-megawatt green hydrogen unit by year-end, but still needs to clarify some regulatory and tax issues, a company official said.

Germany, EU to combine funding schemes to boost green hydrogen

Germany wants to combine its H2Global funding scheme to support green hydrogen with the new European Hydrogen Bank, the economy ministry said in a statement.

Equinor says production at Hammerfest LNG to resume

Norway's Equinor plans to restart production at its Arctic LNG plant in Hammerfest after it was shut down due to a gas leak, the company said in a market message.

Equinor says leak at Hammerfest LNG plant stopped

A gas leak at Norway's Hammerfest liquefied natural gas plant has been stopped and normalization is underway, but it is too soon to say when production will resume, Equinor said.

Russia's Sibur switches to yuan for LPG settlements with China

Sibur, Russia's largest LPG exporter, in 2022 switched fully to conducting financial settlements with China in yuan, Russia's state news agency cited a top manager at the company as saying.

Equinor shuts Hammerfest LNG plant due to gas leak

Norway's Hammerfest LNG plant was shutting down due to a gas leak, a spokesperson for operator Equinor said, confirming an earlier police report.

TotalEnergies and TES join forces to develop a large-scale e-NG production unit

Tree Energy Solutions is joining forces with TotalEnergies to study and develop a large-scale production unit in the United States for e-natural gas (e-NG), a synthetic gas produced from renewable hydrogen and CO2.

Eastward gas flows halt on Yamal-Europe pipeline

Eastward natural gas flows on the Yamal-Europe pipeline to Poland from Germany stopped after briefly resuming, data from operator Gascade showed.

Plug Power plans $6-B hydrogen projects in Finland

Plug Power Inc, a U.S. maker of hydrogen fuel systems, said it aims to build three plants in Finland costing some $6 B to produce green hydrogen and ammonia for the European market.

Cyprus wants shipping corridor to export natgas

Cyprus wants to establish itself as a gateway from east Mediterranean gas resources to Europe via a shipping corridor of LNG carriers.

MOL Group signs acquisition of Szarvas Biogas Plant

MOL Group has agreed on a deal with BayWa AG on the purchase of Szarvas Biogas Plant, a waste processing plant using organic wastes to produce electricity and heat through cogeneration with a peak electric power capacity of around 4 megawatts.

PetroChina, bp awarded 20 year access to Europe's Gate LNG terminal

PetroChina International and energy giant bp have won a tender that will allow each to handle 2 billion cubic meters of gas annually for 20 years at Rotterdam's Gate terminal, the Chinese state firm's first long-term access to a European gas terminal.

Dutch benchmark wholesale gas falls to two-year low

The Dutch wholesale natural gas price for the month ahead fell to a two-year low morning, which could offer some relief to consumers and some businesses who have been paying high energy bills over the past year.

Four bidders vie for stake in Exxon LNG terminal in Italy

Four international groups are competing to buy ExxonMobil Corp's majority stake in a liquefied natural gas terminal offshore Italy.