Europe

CEO: Other Nations Will Fill LNG Gap if U.S. Retreats, Baker Hughes Affirms

If the U.S. pulls back from permitting new LNG export plants, demand for the fuel will still be met from projects in Qatar, Argentina and Africa, the CEO of Baker Hughes, the world's largest provider of equipment for the LNG sector, said on Thursday.

Canada Signs Hydrogen Deal with Germany to Counter Russian Energy Dependency

Canada, citing the need to shun Russian energy, on Monday signed an agreement with Germany that it said would accelerate work towards the commercial-scale trade of clean hydrogen fuel.

Mitsubishi and Partners to Establish Coalition for Advancing Electric Natural Gas

Mitsubishi Corp. said on Tuesday it will form an international coalition with seven other firms including TotalEnergies and Tokyo Gas to support development and production of electric natural gas (e-NG).

CERAWeek: Hydrogen Adoption to Cost Europe, U.S. More Than $1 Trillion

Europe and the U.S. will have to spend in excess of $1 trillion for building infrastructure to enable widespread use of hydrogen fuel, an executive at Mitsubishi Heavy Industries said on Monday.

KazTransOil to Increase Tengizchevroil Oil Exports via BTC Pipeline

Kazakhstan's KazTransOil said on Friday that it plans to increase exports of Tengizchevroil's oil via the Baku-Tbilisi-Ceyhan pipeline to 140,000 tons in April from 130,000 tons in March.

Ukraine Declines Extension of Russian Gas Transit Deal

Ukraine said on Sunday it does not plan to prolong a five-year deal with Russia's Gazprom on the transit of Russian gas to Europe or to sign another one.

Russia's Gazprom Seeks Over $900 Million in Gas Dispute Damages from Polish Companies

In 2022, Poland terminated its agreement with Russia to receive Russian gas via the Yamal gas pipeline after Warsaw rejected a demand to pay for the fuel in rubles and Moscow responded by cutting off supplies.

Shell Weakens 2030 Carbon Emissions Reduction Target, Scraps 2035 Objective

Shell weakened a 2030 carbon reduction target and scrapped a "perilous" 2035 objective, citing expectations for strong gas demand and uncertainty in the energy transition even as it affirmed a plan to cut emissions to net zero by 2050.

Italy Abandons $5.2 Billion Gas Storage Tariff Plan Amid EU Concerns

Italy's energy authority said it had shelved plans for a tariff to cover the cost of keeping gas stockpiles full, following widespread criticism from energy companies and European Union objections.

Nord Stream Sues Insurers in London Over 2022 Pipeline Explosions

Nord Stream is seeking more than $436 million from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show.

Vopak, Air Liquide to Develop Hydrogen Pipeline Network in Singapore

The companies will look at developing low-carbon ammonia supply chains in Singapore, including ammonia cracking facilities, storage and handling infrastructure at Vopak's Banyan terminal, as well as distributing low-carbon hydrogen through a hydrogen pipeline network, Vopak said.

European Energy Giants Urge U.S. Regulators to Reject Venture Global LNG's Permit Extension

Top European energy companies on Friday asked U.S. regulators to reject Venture Global LNG's request for a one-year construction permit extension to its Louisiana export plant.

Turkish Oil Terminal Stops Accepting Russian Imports Amid U.S. Sanctions Pressure

One of Turkey's mid-sized Mediterranean oil terminals - the Dortyol terminal - will no longer accept Russian imports after receiving record volumes last year, amid an increase in sanctions pressure by the United States.

HVO: Fuel for the Future

The advancement of the energy transition is leading to a growing imperative to reduce carbon emissions in challenging-to-transform sectors. Various industries are adopting alternative fuels and embracing increased electrification to promote sustainable practices within the construction and extraction sectors. In this regard, hydrated vegetable oil (HVO) represents a pioneering alternative fuel source.

Vitol Nears Acquisition of Exxon, QatarEnergy Stakes in Italy LNG Terminal

Vitol-backed energy storage company VTTI is close to acquiring a majority stake in Italy's biggest LNG import terminal from Exxon Mobil and QatarEnergy, two sources with knowledge of the matter said on Monday.

Global News March 2024

Latest industry developments from around the world!

Iqony Plans Three Hydrogen-Ready Gas Plants in Germany

German firm Iqony plans to build gas-fired plants at three existing sites, a company spokesperson said on Thursday, becoming the latest firm to seek a slice of the government's planned tender for 10 gigawatts (GW) of new capacity.

Saipem Expects 20% Drop in Aramco Orders Following Capacity Target Cut

Italian energy contractor Saipem's CEO said on Thursday it expects a 20% drop in average annual orders from Saudi Aramco to 2027 as a result of the state oil company's decision to drop its capacity expansion plans.

Snam Enters Exclusive Talks to Acquire Edison's Gas Storage Assets in Italy

Energy group Edison said on Monday it started exclusive talks with gas grid operator Snam over the sale of its natural gas storage assets in Italy.

U.S. Takes Lead as Top Supplier to Europe for Crude, Diesel and LNG

The United States has taken the top spot as Europe's supplier of crude oil, diesel, and liquefied natural gas (LNG) in recent months, capitalizing on reduced imports from east of Suez caused by shipping disruptions in the Red Sea.

EU Allocates $402 Million to Italian Energy Groups for Green Hydrogen Project

The European Commission has awarded financing of up to $402 million to set up a 'Green Hydrogen Valley' in Italy's Puglia region, the energy groups involved said.

Germany Plans to Expand Carbon Capture and Storage, Including Sub-Seabed Transport

Germany will change its carbon dioxide storage law to allow carbon capture and off-shore storage for certain industrial sectors as Europe's biggest economy aims to become carbon neutral by 2045, Economy Minister Robert Habeck said on Monday.

Denmark Ends Probe Into 'Deliberate' Nord Stream Pipeline Blasts

Denmark has dropped its investigation into the explosions in 2022 on the Nord Stream pipelines carrying Russian gas to Germany, police said on Monday, becoming the second nation to do so after Sweden closed its own inquiry.

First LNG Vessel Arrives at Germany's New Mukran Terminal

The first vessel carrying LNG for Germany's Baltic Sea terminal of Mukran arrived on Saturday for a test operation as the country steps up its quest to replace Russian pipeline gas.

Scotland's Finnart Pipeline Repairs Projected to Continue Through April

Repair work on the Finnart pipeline that supplies Scotland's only refinery will take longer than expected to complete, five industry sources told Reuters, in the latest in a series of setbacks this year.

Germany's SEFE Weighs Investments in Hydrogen Storage, Pipelines

German nationalized gas trader SEFE is exploring transforming some of its underground storage caverns and pipelines to clean hydrogen, its CEO said, indicating this could involve investments of roughly $541 million.

EU Sees No Need to Extend Deal on Russian Gas Transit via Ukraine

The European Union sees no need to extend an agreement to transport Russian gas to Europe via Ukraine, ahead of the contract's planned expiry at the end of the year, the bloc's energy policy chief said on Thursday.

Equinor Signs 15-Year LNG Deal with India's Deepak Fertilizers

Norway's Equinor said on Monday it had signed a 15-year agreement to supply liquefied natural gas (LNG) to India's Deepak Fertilizers from 2026.

Gasgrid Confirms On-Track Progress for Balticconnector Pipeline Repair, Targeting April Completion

Finland's Gasgrid on Thursday said preparations for the repair of the Balticconnector gas pipeline between Finland and Estonia were on schedule and estimated that commissioning could take place in April.

EU Approves $4.9 Billion German State Funds for Hydrogen Projects

The European Commission approved some $4.94 billion in German government funding for 24 German hydrogen projects, the economy ministry said on Thursday as Europe's biggest economy bets on the fuel for decarbonization.