Europe
MOL, MVM Partner to Expand Azeri Oil Shipments to Hungary and Slovakia
Hungary’s MOL and MVM will jointly charter tankers to ship up to 160,000 metric tons of Azeri crude annually via Turkey’s BTC pipeline, aiming to diversify oil supply for Hungary and Slovakia.
EU Asks 44 Oil, Gas Companies to Support CO₂ Storage Goal
The European Commission has asked 44 oil and gas companies to help meet its goal of storing 50 million tonnes of CO₂ annually by 2030, linking their participation to their share of EU hydrocarbon production.
Europe, Asia Face Rising Competition for LNG Ahead of Summer, IGU Says
The International Gas Union warns that Europe and Asia are set to compete for LNG cargoes this summer, with rising Asian demand and Europe's need to refill storage driving potential price increases.
Austria’s Central Gas Hub Grows Trading Volumes After Russian Supply Ends
Austria’s Central European Gas Hub has reported increased trading volumes despite the halt of Russian gas flows through Ukraine, with higher liquidity driven by alternative supplies via Germany and Italy, according to CEO Gottfried Steiner.
Penspen Joins UK’s HyNet Project with CO₂ Pipeline Design Deal
Penspen has secured a multi-million-pound contract to lead the detailed engineering design of the HyNet CO₂ pipeline, a key UK project aiming to cut emissions by up to 10 million tonnes annually and help meet national net-zero targets.
Russia's Gazprom in Talks with Serbia on New Gas Supply Deal
Gazprom is negotiating a new natural gas supply contract with Serbia, which relies heavily on Russian gas via the TurkStream pipeline. Talks follow President Vucic’s recent visit to Moscow and aim to finalize a deal by May 31.
Azerbaijan Reports 3.1% Drop in BTC Pipeline Oil Exports
Azerbaijan’s oil exports via the BTC pipeline dropped 3.1% year-on-year to 9.3 million metric tons in January–April, with total transit volumes also down, according to official government data.
Wood Mackenzie Warns of Gas Turbine Supply Constraints Through 2040
Wood Mackenzie expects new gas-fired generation projects of around 890 gigawatt (GW) capacity to be added globally between 2025 and 2040, with the U.S. and China leading at 47% annual additions during the same period.
Phillips 66 Sells Majority Interest in European Fuel Retailer
Phillips 66 will sell a 65% stake in its Germany and Austria JET-branded retail fuel network for $2.8 billion, forming a joint venture with Energy Equation Partners and Stonepeak while retaining a minority interest.
Construction Begins on EU’s First CO₂ Storage Terminal in Denmark
Construction has started on the Greensand CO₂ terminal in Port Esbjerg, Denmark—the EU’s first full CCS hub. The facility will store and ship CO₂ for permanent offshore storage in the Danish North Sea.
Italy’s Eni Supplied Russian Gas to Turkey Last Year Despite EU Shift
Italy’s Eni confirmed it delivered 6.2 billion cubic meters of Russian gas to Turkey in 2024 via the Blue Stream pipeline, despite halting Russian gas sales in Europe after the Ukraine invasion.
Norway’s Statkraft Halts New Green Hydrogen Developments on Cost, Market Concerns
Norway's Statkraft has stopped developing new green hydrogen projects, citing rising costs, market uncertainty, and lack of regulatory clarity. The utility reported a Q1 earnings drop due to lower power prices.
Spain’s U.S. LNG Imports Double, Replace Russian Supply
Spain's LNG imports from the U.S. surged to 35% of total gas supply in the first four months of 2025, overtaking Algeria and replacing Russian gas, according to Enagas data.
Global Energy Exports Slide as Trade Risks Weigh on Oil and Fuel Demand
Global oil, LNG and fuel exports slowed in early 2025 as rising trade tensions and tariffs disrupt flows, pressuring demand across major import markets and raising risks for energy exporters.
Romania's OMV Petrom Strikes Deal to Supply Quarter of Moldova’s Gas Demand
OMV Petrom signed a deal to supply 25% of Moldova’s annual gas needs starting in 2027, strengthening Moldova’s energy security as the country moves away from Russian gas dependency.
TurkStream Gas Pipeline Could Slow EU, Russia Decoupling
TurkStream pipeline gas flows are rising, posing a challenge to the EU’s roadmap to phase out Russian gas by 2027. Southeast Europe’s growing reliance on the pipeline risks undermining European energy diversification efforts.
Saudi Arabia Can Control Oil Supply, But Demand May Be Its Achilles’ Heel
Saudi Arabia is flexing its oil supply control, but weakening global demand could undermine its strategy and pose challenges.
EU Considers Ban on New Russian Gas Contracts, Eyes Exit Options for Existing Deals
The European Commission is considering legal measures to forbid new Russian gas contracts and allow EU firms to exit existing deals without penalties, as part of efforts to further reduce reliance on Russian energy.
Arbitrage Reopens: U.S. LNG Diverted from Europe to Asia in Global Market Shift
Several U.S. LNG cargoes originally bound for Europe have been redirected to Asia as a reopened arbitrage window and falling European prices shift global trade flows. Analysts say the move highlights growing competition between Atlantic and Pacific markets heading into summer.
Ukraine Increases Gas Imports by 40% to Meet Supply Needs
Ukraine has increased natural gas imports by nearly 40%, turning to Hungary and Poland to offset war-related production losses and meet growing demand ahead of the winter season.
UK Supermajor BP to Supply Feed Gas to Woodside’s Louisiana LNG Project
In a strategic move to support its Louisiana LNG project, Woodside Energy signed a long-term gas supply agreement with BP for up to 640 billion cubic feet of natural gas, expanding its global LNG footprint and advancing U.S. midstream development.
Equinor Sees Summer Gas Squeeze in Europe, Calls for More LNG Cargoes
Equinor expects a tight European gas market this summer due to low storage levels and rising LNG demand, estimating 200–300 more cargoes will be needed compared to last year.
German Gas Operators Warn EU-Aligned Storage Plan Could Squeeze Supplies
German gas storage operators are pushing back against a draft plan to align national storage targets with EU rules, warning that inconsistent fill level requirements could unfairly burden some sites and jeopardize winter supply security.
Scotland's Grangemouth Oil Refinery Ends Crude Processing, Begins Layoffs
Grangemouth, Scotland's only oil refinery, has ceased crude processing as Petroineos transitions the site into an import terminal, triggering job cuts and marking the end of an era for the aging facility.
What’s Next for Nord Stream 2? Expert Eyes Repair and Repurposing Options
In this Q&A, offshore construction expert Richard Taylor shares technical insights into the condition of the Nord Stream 2 pipelines and discusses potential repurposing options — from hydrogen transport to LNG imports — as viable alternatives to decommissioning.
North Sea Pipeline Activity Accelerating Amid Jump in Demand
The volume of pipeline activity in the North Sea region — covering Denmark, the Netherlands, the southern part of Norway, northwestern regions of Germany and some parts of Sweden, Belgium and France — is accelerating this year, being mainly driven by the ever-growing energy demand, particularly with hydrogen.
Spain’s 1,615-Mile Hydrogen Network Advances Ahead of Schedule, Enagas Says
Spain’s Enagas is moving ahead of schedule with plans to build a 1,615-mile hydrogen network, part of the H2Med corridor linking Iberia to Europe. Operations are set to start by 2030, with a final investment decision expected in 2027.
Netherlands Commits to Carbon Storage Project After Shell, Total Withdraw from Pipeline Plans
The Netherlands has pledged $726 million to support its largest carbon storage project after Shell and TotalEnergies withdrew from investing in pipeline infrastructure. The move aims to keep the Aramis project on track to meet 2030 climate goals.
UK, Eni Greenlight Liverpool Bay CCS Project with New Pipeline Network
UK and Italian energy firm Eni have approved the launch of the Liverpool Bay carbon capture project, which includes construction of a 22-mile pipeline network to transport industrial CO₂ for offshore storage as part of the HyNet CCS cluster.
Black Sea Gas Ramps Up as Turkey Targets Regional Oil, Gas Partnerships
Turkey's Sakarya gas field has reached 9.5 million cubic meters per day, fueling Ankara’s regional energy ambitions. The country is pursuing exploration partnerships in Bulgaria, Somalia, Iraq, and the Caspian Sea as part of efforts to cut imports and boost supply security.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- Court Ruling Allows MVP’s $500 Million Southgate Pipeline Extension to Proceed
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Kinder Morgan Gas Volumes Climb as Power, LNG Demand Boost Pipeline Business
