Europe
KN to advise Italian Piombino LNG terminal builders
The operator of oil and liquefied natural gas (LNG) terminals KN (AB Klaipėdos nafta) is successfully expanding its activities in the rapidly growing international market of LNG import terminals. The Italian energy company Snam FSRU Italia has chosen KN to cooperate in the implementation of the greenfield FSRU-based LNG terminal project in the port of Piombino.
GAZ-SYSTEM launches non-binding market screening procedure to identify demand for additional regasification capacity of FSRU terminal
GAZ-SYSTEM launches a non-binding market screening procedure to identify the demand for additional regasification capacity of the FSRU Terminal. The new FSRU Terminal project envisages the construction of a floating storage regasification unit (FSRU) in the Gulf of Gdańsk area.
Russia to free up LNG exports, sees output rising to 100 MMtpy, PM says
Russia will be able to raise its liquefied natural gas (LNG) production to 100 million tonnes per year over the next seven years by expanding the list of gas fields permitted to export LNG.
Ukraine to jointly buy gas with EU countries
Ukraine will take part in the European Union scheme to jointly buy gas in global markets, to procure 2 billion cubic metres of the fuel ahead of next winter.
Italian court postpones decision over Tuscan LNG terminal to July
An Italian administrative court has postponed to July 5 a decision over a complaint against a new liquefied natural gas (LNG) terminal in the Tuscan port of Piombino.
Novatek needs to find more natural gas for LNG plans
Russian Deputy Prime Minister Alexander Novak said on Tuesday the country needed to identify the resource base for about a third of its planned annual production of 100 MMt of liquefied natural gas (LNG) per year.
Russia to mothball damaged Nord Stream pipeline
Russia's ruptured undersea Nord Stream gas pipelines are set to be sealed up and mothballed as there are no immediate plans to repair or reactivate them.
Germany LNG import bill to eclipse $10 B
Germany said that new infrastructure for floating LNG terminals will exceed previously expected costs, forewarning taxpayers that there will be a price to pay for energy security.
Germany's natural gas imports bill more than doubled in 2022
Germany's natural gas import costs more than doubled in 2022 despite volumes being slashed by 30%.
Enagas purchases gas pipeline network from Reganosa
Spanish grid operator Enagas has bought a 130-km gas pipeline network from energy firm Reganosa while selling the latter a 25% stake in its El Musel regasification plant in northern Spain.
WFW advises Hoegh LNG on refinancing options for German FSRUs
Watson Farley & Williams advised Höegh LNG on the refinancing of the Höegh Esperanza and Höegh Gannet FSRUs that will service Germany’s new FLNG terminals in the North Sea ports of Wilhelmshaven, Lower Saxony and Brunsbüttel, Schleswig-Holstein.
Greece's Gastrade sees decision on second LNG terminal this year
Gastrade said it expects to take a final investment decision on developing a second gas floating storage and regasification unit off the country's northern port of Alexandroupolis by the end of the year.
Cheniere Energy doubles revenue on surging LNG demand
Cheniere Energy said its full-year revenue more than doubled and also topped analysts' estimate on surging demand for the commodity since Russia's invasion of Ukraine.
TES and Energie 360° partner to supply renewable synthetic methane to customers
Energie 360° and TES are working together to supply eNG (renewable synthetic methane) to customers from 2027.
Copenhagen Infrastructure Partners acquires Envo Biogas project in Tønder, Denmark
Copenhagen Infrastructure Partners has acquired the biogas project Envo Biogas in Tønder, Denmark from Anaergia. The project will produce green gas/fuels from organic waste.
New reserves of natural gas discovered in the Province of Lublin
The outcome of exploration work carried out by PKN ORLEN has confirmed the existence of additional 500 MM3m of natural gas in the Jastrzębiec field near Biłgoraj.
Leviathan gas project partners approve $100 MM for expansion
Partners in the Leviathan gas field in the eastern Mediterranean have approved nearly $100 MM of spending on preparation for expansion that includes a floating liquefied natural gas (LNG) terminal off the coast of Israel.
Falling gas costs, rising carbon prices spur change in fuel dynamics
Falling gas prices over recent weeks have paired with rising coal and carbon costs to make European power generation from gas-fired power plants more economical, marking a trend reversal since coal took over as the cheaper fuel source last year.
Europe slashed winter gas use amid energy crisis
European countries slashed their gas use from August to January, as unusually warm weather curbed household heating, soaring prices curtailed industrial output and governments launched emergency measures to contain the energy crisis.
Nord Stream 2 blast investigations are ongoing
Investigations by Denmark, Germany and Sweden into explosions on the Nord Stream gas pipelines have not yet concluded, the three countries told the U.N. Security Council.
IEEFA: Turmoil in global LNG markets is curbing long-term demand growth
Global liquefied natural gas (LNG) supplies are likely to remain tight through 2025, curbing demand growth in key Asian import markets. European LNG demand may remain strong in the short term, but will decline by 2030 as decarbonization and energy security policies take effect. Meanwhile, a wave of new LNG export capacity coming online later in the decade could create a mismatch between supply and demand, elevating financial risks for LNG suppliers and traders. The findings come from the new Global LNG Outlook from the Institute for Energy Economics and Financial Analysis (IEEFA).
IEA convenes Special Ministerial on natural gas markets and actions to reinforce supply security
Some 40 countries will convene for a Special IEA Ministerial (International Energy Agency) on February 15 to review the state of natural gas markets and discuss actions to strengthen security of supply amid the global energy crisis.
Asian spot LNG prices decline, but enough to tempt buyers?
The momentum in global liquefied natural gas (LNG) markets swung away from Europe and back to Asia in January, but the modest increase in demand wasn't enough to buoy spot prices.
Using the over-the-counter markets to navigate the shifting LNG landscape
The considerable disruption in today’s natural gas markets should come as no surprise.
