Europe

Equinor is assessing whether to participate in Germany’s major gas-fired power plant expansion, a move that could deepen its role in Europe’s evolving gas-to-power market. The company says more clarity is needed on project economics and tender details.

France’s TotalEnergies will demobilize its Le Havre FSRU as European gas markets stabilize, ending the temporary LNG import capacity added during the 2022 energy crisis.

Europe’s benchmark TTF natural gas price fell below €30/MWh for the first time since May 2024, pressured by warmer-than-normal weather forecasts and ongoing U.S.–Ukraine peace talks. While LNG supply remains strong, analysts say falling storage levels could limit further downside.

Equinor has signed a 10-year agreement to supply pipeline natural gas to the Czech Republic through 2035, expanding its long-term European contracts and reinforcing regional energy security.

U.S. and Bosnian officials are advancing plans for the South Interconnection pipeline, a U.S.-backed project that would bring LNG from Croatia’s Krk terminal to Bosnia and cut the country’s reliance on Russian gas.

The IEA says the next LNG wave is reshaping global gas markets, easing tight pipeline supply and helping Europe balance declines from Russia and Norway. Demand remains weak in Asia, but is expected to rebound by 2026.

H2med partners have confirmed the technical feasibility of the BarMar hydrogen pipeline between Barcelona and Marseille after extensive geophysical studies. The project is now advancing toward a 2032 start date as part of Europe’s emerging cross-border hydrogen network.

Germany’s DET will auction 30 short-term LNG regasification and storage slots at the Brunsbüttel and Wilhelmshaven terminals on Nov. 25–26, covering late 2025 through early 2027.

Greece has approved environmental terms for the Prinos CO₂ Storage Project, clearing the way for a new 12-mile subsea pipeline, upgraded offshore platforms and injection wells that will support up to 1 million tonnes of annual CO₂ storage starting in 2027.

Italy’s Snam has abandoned its $1.1 billion plan to acquire a 24.99% stake in German gas transmission operator Open Grid Europe after Berlin raised concerns over indirect Chinese ownership, ending months of foreign investment review.

National Gas has announced plans for Project Union, a 1,500-mile hydrogen pipeline network linking major industrial hubs across Great Britain. The project aims to repurpose existing gas infrastructure to transport 100% hydrogen, boosting UK energy security and supporting its net-zero goals.

Slovak refiner Slovnaft says Croatian operator JANAF has cut non-Russian crude deliveries, threatening Central Europe’s fuel supplies. JANAF denies breaching its contract, citing normal operations.

Intercontinental Exchange (ICE) reports record global natural gas futures activity, driven by LNG export growth, pipeline constraints, and rising power demand from data centers, deepening market liquidity across U.S. and European hubs.

Venture Global signed a 20-year agreement with Spain’s Naturgy to supply 1 MMtpy of U.S. LNG starting in 2030, marking Spain’s first long-term American LNG deal since 2018.

Greece signed its first 20-year LNG supply agreement with U.S. producer Venture Global, marking a major step in Europe’s plan to replace Russian gas imports by 2027. The deal positions Greece as a key regional hub for American LNG entering Europe.