Europe
Strong gas business helps to cushion Eni profit fall
Italian energy group Eni reported a 49% fall in its adjusted net profit in the second quarter because of weaker commodity prices but a strong performance from its gas business helped it to beat forecasts.
Italian gas group Snam seeks to tap EU green energy funds
Italy's state-controlled gas grid operator Snam said it expected to get a financial support for some of its projects from the European Union's REPowerEU green energy scheme.
Varo Energy secures $3.3 B in boost to biogas goals
Refiner and trader Varo Energy secured $3.33 B in its latest financing round, which will help to fund its sustainable energy projects, including its purchase of a stake in northern Europe’s biggest biogas facility.
Italy's Saipem sees progress towards resuming Mozambique LNG project
Italian energy services group Saipem said efforts to restart a multi-billion-euro LNG project in Mozambique for TotalEnergies were underway but refrained from giving a precise timeline.
Gas producer Wintershall Dea CEO says exiting Russia gets harder by the day
Wintershall Dea's exit from Russia, announced in January, is proving increasingly difficult in an unpredictable business and political environment, Mario Mehren, chief executive of the oil and gas producer said.
Europe gas supply looking good this winter, Equinor CEO says
Europe's outlook for gas supply is looking good for the coming winter given high gas reserves and plentiful access to supplies, Equinor CEO Anders Opedal told Reuters, but could tighten next summer due to lower reserves.
Naturgy's profit rises on LNG gains, soothing shareholders
Spanish power utility Naturgy reported an 88% jump in profit for the first six months of the year, boosted by strong earnings at its liquefied natural gas business, which could help it to win over restive investors.
Eni takes over Chevron's stake in Indonesia deepwater gas project
Eni signed a deal to take over U.S. oil giant Chevron's stake in the Indonesia Deepwater Development gas project, bolstering the Italian company's position in the southeast Asian oil and gas producer.
Indonesia's big gas projects to proceed after global majors sell stakes
Shell and Chevron's agreements to sell stakes in major Indonesian gas projects to Pertamina, Petronas and Eni will unleash development at the fields, enabling the country to boost its flagging output, the buyers said.
Spain activates all its gas plants to cope with heatwave
Spain had to resort to all available gas plants to cope with growing electricity demand triggered by the scorching temperatures in recent days.
Russia's Putin approves departure of Arctic LNG 2's first line to production site
Russian President Vladimir Putin approved Arctic LNG 2's first line departure via the Northern Sea Route from the Murmansk region to its future production site on the Gydan peninsula, the Kremlin said.
Argentina turns away Gunvor-chartered LNG tanker, citing sanctions
A tanker containing liquefied natural gas that originated from a Russia supplier and was loaded onto a Gunvor Group-chartered vessel off the coast of France was turned away this week by Argentine energy firm Enarsa.
Novatek set to oust Gazprom as Russia's top gas supplier to Europe
Increased supplies of liquefied natural gas from Russia's Novatek mean the company is close to overtaking Kremlin-controlled Gazprom as the country's leading fuel supplier to Europe.
German town opposed to LNG terminals asks for operator's finances to be checked
The German resort town of Binz has asked anti-money laundering authorities to investigate the capital of Deutsche ReGas, operator of a planned liquefied natural gas terminal which the town opposes on environmental grounds.
Tuscan LNG terminal to be moved offshore by 2026
A liquefied natural gas vessel moored in the Tuscan port of Piombino will be moved off the coast of Vado Ligure and Savona in Italy's northwestern region of Liguria, the president of Liguria said.
Finland's Gasum resumes LNG purchases from Russia's Kryogaz
Finnish energy provider Gasum has resumed liquefied natural gas purchases from the Kryogaz-Vysotsk plant controlled by Russia's Novatek, Gasum said and Refinitiv ship-tracking data showed.
Russian piped gas exports to Europe July 1-15 jump 28% m/m
Pipeline natural gas exports to Europe by Russia's Gazprom in the first half of July rose by 28% from June's average, reaching 2023 highs, according to Reuters calculations based on volumes supplied via Ukraine and TurkStream.
EU considers gas imports from Argentina
The European Union is considering possible gas imports from Argentina, which is a net gas importer but plans to expand domestic production, a draft document showed.
Saudi Arabia's PIF signs MoU with France's Engie for green hydrogen projects
Saudi Arabia's Public Investment Fund signed a memorandum of understanding with French energy company Engie for green hydrogen projects, the PIF said in a tweet.
Shell on track for restart of Norway's Nyhamna gas terminal
Shell is on track to restart its Norwegian Nyhamna gas processing plant on July 15, which has been shut down since mid-May, the company said.
Algeria's Sonatrach says it honors all gas contracts with Spain -company chief
Algerian state energy producer Sonatrach has honored all gas contracts with Spain, whatever the circumstances, Chief Executive Tewfik Hakkar said.
Uniper chief says flexible duration LNG contracts key for Europe
Shorter-duration contracts for LNG purchases will be important for Europe's diversifying supply given uncertainty about long-term gas demand, the new chief executive of German utility Uniper said.
UK's Centrica and Delfin Midstream sign 15-year US LNG supply deal
British Gas parent firm Centrica has signed a 15-year liquefied natural gas supply agreement with U.S.-based Delfin Midstream, the companies said.
German town threatens legal action over fast-track LNG
A German resort town said it will take legal action against the federal government's plans to build liquefied natural gas terminals off the Baltic Sea coast after the parliament passed a reform to speed up the process.
Europe’s gas storage is filling too fast
Europe’s gas storage is filling more slowly after prices fell sharply in the first half of the year, but a further slowdown will be needed to prevent space running out before the start of winter 2023/24.
Svanehøj and Engie team up to enhance offshore LNG safety on FSRUs
LNG storage involves managing significant safety risks, but data on the behavior of LNG in Floating Storage and Regasification Units is lacking. Now, tank control system specialists from Svanehøj and energy researchers at Engie Lab Crigen have joined forces to develop more effective safety measures.
Italian court further delays decision on Tuscan LNG terminal
An Italian administrative court has postponed until Dec. 20 a decision on whether a liquefied natural gas terminal in the Tuscan port of Piombino meets all safety requirements, the city's mayor said.
India in talks to supply green hydrogen to EU and Singapore
India has discussed a possible deal to supply more than 11 million mtpa of green hydrogen to the European Union and Singapore, who in turn would invest in these Indian clean energy projects, three government officials and one industry source said.
Weak gas prices worsen outlook for Gazprom's revenues from sales to Europe
Weak gas prices have lowered expectations for Gazprom's revenues, which the Kremlin-controlled energy giant generates from sales to Europe, according to analysts and Reuters calculations.
Greek gas grid says 27 companies interested in booking future capacity
Greece has received interest from 27 U.S. and European companies in booking future capacity at its gas grid, which would allow them to import and export gas to Europe via the country in the coming decades, says grid operator DESFA.
- Shareholders’ Resolution: MOL to pay $668-MM dividend
- Credit Agricole says it will not fund two major LNG projects
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Japan's JERA suspends output at 4 gas-fired power plants to secure LNG stocks
- TotalEnergies: Papua LNG project requires 'more work' to reach final investment decision
- Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
- QatarEnergy to charter 19 new LNG vessels expanding fleet further
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Mabanaft announces successful acquisition of WESTFA Energy GmbH
- Shell exits China power market businesses, renews focus on natural gas
