EurOil - Europe Oil & Gas
Report of yacht use in sabotage of Nord Stream pipelines adds new layer to mystery
A team of divers using a 15-metre chartered yacht called the Andromeda sabotaged the Nord Stream 1 and 2 pipelines, a new report published by Germany’s Der Spiegel news site claims.
French LNG terminals shut down by strike action
France’s four LNG terminals went offline early last week as a result of industrial action. They are not likely to resume operations until March 14. Their shutdown triggered a spike in European gas prices, which for weeks have seen steady decline.
Gazprom Export head Burmistrova steps down
Russia’s state-owned gas supplier Gazprom announced on March 10 that Elena Burmistrova was stepping down as head of its export arm and would go on to serve as vice president of Gazprombank.
Brussels calls for no new supply deals for Russian LNG
The European Commission has urged EU countries and companies not to enter into new supply contracts for Russian LNG, in order to further reduce the bloc’s use of the latter’s LNG.
Finnish gas system pushed to brink of state of alarm
Millions of barrels of Russian diesel idling in tankers around the world as buyers sought
According to oil analytical company Kpler, ships have been idling off the coasts of Europe, Africa and Latin America in what is the largest build-up in floating storage of diesel fuel from Russia since 2016.
Conversion work begins in Singapore for Alexandroupolis FSRU
Greece’s GasLog has delivered a vessel to the Keppel shipyard in Singapore for its conversion into a floating storage and regasification unit (FSRU). Later the vessel will be installed off Greece's northern coast near the port of Alexandroupolis.
Price hikes expected for Serbian gas consumers in 2023
Natural gas consumers in Serbia will face an estimated 10% increase in prices following the end of the heating season on May 1, Dusan Bajatovic, the CEO of Srbijagas, told the Kopaonik Business Forum.
OEUK pushes for better North Sea policies
UK North Sea oil and gas trade body Offshore Energies UK (OEUK) has called on the government to limit its windfall tax on industry profits, provide greater incentives for decarbonisation investments and ensure greater long-term fiscal stability.
EU to launch gas buyers' club in April to cut costs
Initial estimates show there is combined demand among the bloc’s 27 member states and three neighbouring countries for 24 bcm of joint gas purchases over the next three years, European Commission Vice President Maros Sefcovic told Bloomberg.
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