EurOil - Europe Oil & Gas

12 May 2022

Russia gas flows to Europe via Ukraine disrupted by war for the first time

11 May 2022

Part of Russian natural gas transit flows to Europe via Ukraine were halted due to the war on May 11, sending European gas prices spiking.

Bulgaria considers vetoing EU’s embargo on Russian oil imports

9 May 2022

Bulgaria want to delay implementation of the ban on Russian oil imports planned by the EU so that its sole refinery, Lukoil Bulgaria, gets time to adjust to process other type of oil.

Lithuania launches GIPL gas link with Poland

6 May 2022

The €500mn pipeline will enable the Baltic states and Finland to receive pipeline gas from Western Europe for the first time.

Hungarian government weighs alternatives to Russian energy

6 May 2022

The fundamental problem remains that the government has done little to lessen its dependence on Russian energy sources over the past 12 years; if anything, it has deepened its dependence.

African gas and African realities

6 May 2022

The case of Spanish-Moroccan-Algerian tensions over the GME pipeline demonstrates that if the EU wants Africa’s gas, it may also have to confront regional tensions and disputes.

Gunvor secures long-term deal with Energy Transfer for US LNG

5 May 2022

Swiss-based commodity trader Gunvor is to buy 2mn tonnes per year of LNG from Energy Transfer's proposed Lake Charles LNG export terminal.

NextDecade strikes offtake deal with Engie at last

5 May 2022

US LNG developer NextDecade reached an agreement this week to supply LNG to French utility Engie. The deal signals a change in course for Engie, which had previously backed out of talks over a supply deal with NextDecade.

EU softens stance on long-term LNG supply deals

5 May 2022

The EU is softening its stance on long-term LNG supply deals as it urgently seeks alternatives to Russian gas, having previously been more resistant to ongoing commitments to buy fossil fuels.

ExxonMobil announces exit from Romania

5 May 2022

ExxonMobil has agreed to sell its Romanian upstream business to Romgaz for more than $1bn.

Hungary says it would veto EU’s Russian oil embargo in current form

5 May 2022

Budapest still blocking EU consensus despite being offered extension until end of 2023.

Czechs join Slovakia and Hungary in demanding exemption from EU embargo on Russian oil

5 May 2022

Heavily-dependent states will be allowed to buy Russian oil exports until the end of 2023, while other states have to cease crude deliveries in six months.

TotalEnergies reports first-quarter profit

5 May 2022

France’s TotalEnergies has posted a profit for the first quarter of 2022, despite a $4.1bn impairment that was attributed to its business in Russia.

Russian senator says embargo will lead EU countries to buy Russian oil via third parties

5 May 2022

A Russian legislator has said that he expects Europe to continue buying crude oil from Russia even if it imposes an embargo on imports.