EurOil - Europe Oil & Gas

8 February 2023

Turkey numb with shock as fears grow death toll from two giant earthquakes could climb past 20,000

7 February 2023

Thousands with homes reduced to rubble left stranded in the open in heavy snowfall and subzero temperatures.

EU and G7 agree on Russian petroleum product price caps

5 February 2023

The caps came into force on February 5, three months after a similar cap of $60 per barrel was introduced on Russian crude oil exports.

LNG sale and purchase agreements in US up in 2022

3 February 2023

LNG exports in the US are booming as supply in Europe remains tight following sanctions on Russia because of its war in Ukraine. World supplies of LNG had already been constrained, with demand in Asia especially high.

Croatia to pay $235mn arbitration award to MOL

2 February 2023

Croatia will pay MOL $235mn after losing a series of arbitration and legal hearings over the 2009 deal that allowed MOL to obtain a dominant position in INA.

Bulgaria starts construction of gas link with Serbia

2 February 2023

New pipeline with capacity of up to 1.8 bcm a year will help increase energy security and diversify gas supplies in the region.

Russian gas pipe flow dips to record low in January

1 February 2023

Russian pipeline gas flowing to Europe dipped to a record low in January, down 30% compared with supplies in December, while experts warn that there could be significant further downside risk to the country’s deliveries.