Nord Stream sabotage compounding ‘European thirst’ for US LNG
Europe has moved swiftly to secure additional gas supplies after explosions hits the Nord Stream pipelines last week.
Europe has moved swiftly to secure additional gas supplies after explosions hits the Nord Stream pipelines last week.
Eni is working with Gazprom and Austria to restore Russian natural gas flows to Italy after supplies were halted on Saturday in an apparent scuffle over regulation.
The Nord Stream pipelines appear to have stopped leaking, according to the Danish Energy Agency, while accusations are thrown over responsibility.
Norway has sought to flex its military muscle around key oil and gas installations in the face of rising security tensions across the North Sea.
An industry veteran believes recent events in the North Sea have served as “wake up call” as to the potential vulnerability of oil and gas assets.
Nord Stream 1 and 2 have sprung a number of leaks simultaneously, releasing gas into the environment.
Talks are under way over Germany buying a major stake in Uniper, amid “increased uncertainties”, the company has said.
Russia will keep the key Nord Stream 1 gas pipeline to Germany shut, state-owned energy giant Gazprom said on Friday, delivering a massive blow to Europe.
Europe faces the risk of blackouts, rationing and a severe recession if Russia further slashes gas deliveries, and the next reality check is at hand.
German households face additional annual costs of about 500 euros ($510) to pay for natural gas as the government spreads the burden of Russia’s squeeze on energy flows to Europe.
German Chancellor Olaf Scholz has inspected a mechanical turbine at the centre of a natural gas dispute and declared "there are no problems" with the part besides information from Russia's state-controlled gas company.
UK households are set to see record energy prices this winter as Russia clamps down on Europe’s gas supplies, aggravating Britain’s cost-of-living crisis.
Russia is once again sharply reducing the flow of piped gas to Germany, reminding Europe of the daunting challenge the continent faces to build up its energy stockpiles before winter.
Russia started sending gas through its biggest pipeline to Europe after a 10-day maintenance period.
Gazprom is poised to restart gas exports through its Nord Stream pipeline to Europe on Thursday at reduced capacity, according to people familiar with the matter.
Moscow again rejected additional gas-pipeline space offered by Ukraine, keeping European buyers guessing as future flows on the key Nord Stream route also remain uncertain.
Europe will need to ration natural gas to meet winter heating demand if the Nord Stream pipeline doesn’t restart after planned maintenance, according to Ineos Group.
Germany is pressing ahead with its plans to begin imports of LNG, with an award going to Friedrich Vorwerk for a pipeline connection to the Brunsbüttel terminal.
Russian gas giant Gazprom is benefiting from soaring prices in Europe even if shipments to its biggest market are now lower, according to Chief Executive Officer Alexey Miller.
Russia may rethink its energy-supply commitments in light of the sanctions imposed following its invasion of Ukraine, according to Kremlin spokesman Dmitry Peskov.
The company set up to build Russia’s new natural gas pipeline to Europe hit back at criticism from U.S. President Donald Trump, noting that building the link doesn’t require anyone to buy the fuel.
The U.S. stepped up its opposition to the Nord Stream 2 natural gas pipeline linking Russia and Germany, saying the project raises security concerns and that it could draw U.S. sanctions.
Italian firm Saipem has clinched a series of contracts worth £285million.
Sweden-based oil and gas services firm MMT has been awarded a three year contract to inspect both lines of the Nord Stream Pipeline running through the Baltic Sea from Russia to Germany.
The Prime Minister of Ukraine has called for the European Union to block the Nord Steam II gas pipeline project, according to reports. The leader said it would hurt his country and also potentially provide Russia with more of a monopoly over gas supplies in the region.