EurOil - Europe Oil & Gas
Lukoil’s Bulgarian refinery not for sale, owner says
QatarEnergy and Shell sign deals to supply LNG to Netherlands
State-owned QatarEnergy and IOC partner Shell this week signed two long-term sale and purchase agreements to supply up to 3.5mn tonnes per year of LNG from Qatar to the Netherlands.
Turkey’s Botas denies debt owed to Gazprom stands at $27.5bn
Trade media report, meanwhile, reveals European Commission is probing deal on Bulgaria’s gas incumbent Bulgargaz accessing gas supplies via Turkey. Potential competition law breaches identified.
Slovenia’s Energetika Ljubljana announces 11% reduction in gas prices for households
Slovenia’s energy company Energetika Ljubljana has confirmed an 11% reduction in gas prices before the new year in a move set to bring welcome relief to around 41,000 household customers, the company announced on October 17.
Iran to provide technical services to Belarusian oil industry
Bulgaria imposes punitive tax on gas transit from Russia
Bulgaria has imposed a tax on the transit of Russian natural gas through its territory in a move seen as both an attempt to secure extra revenue and a blow against Moscow and its allies in Europe – Serbia, Hungary and part of Bosnia & Herzegovina.
Further evidence to come out about mysterious Finnish-Estonian gas pipe leak
Nordic and Baltic seismologists detected blast-like waves on October 8 – the day that a leak occurred along the Balticconnector gas pipeline linking Estonia and Finland, potentially strengthening the theory of deliberate action being the cause.
Europe's gas tank storage reaches an all-time high just before the winter's heating season starts
Total gas reserves in the European Union have surged to an all-time high just as the heating season begins, according to Gas Infrastructure Europe (GIE), an industry group representing European gas operators.
Croatia's electricity supply dropped 3.1% in August
IEA declares end to "Golden Age of Gas"
The energy crisis triggered by Russia’s invasion of Ukraine effectively marks the end of the 10-year Golden Age of Gas, the International Energy Agency said in its medium-term gas market report this month.
European gas prices soar to two-month high
European natural gas prices spiked last week, nearing levels not seen in two months, with the market in the grip of geopolitical concerns, renewed shortage fears and cold weather.
Price for European diesel may rise this winter due to supply pressures
Europe could face spiking prices for diesel this winter as it grapples with a shortage of diesel fuel and heating oil, largely due to the loss of its primary supplier, Russia, following the ban on Russian fuel imports to Europe.
BALKAN BLOG: Poor but green Albania is getting richer (but possibly dirtier)
Infrastructure investments and a booming tourism sector are already lifting Albania’s economy. Now it’s on the verge of a transformative oil investment.
EurOil: European gas prices take hit from Israeli conflict, closure of Balticconnector
Fitch upgrades largest Turkish refiner Tupras to four notches below investment grade
Finland says Balticconnector can be back in service in April 2024
Finnish system operator Gasgrid announced that it will take at least five months to fix the damaged section of the Balticconnector undersea gas pipeline between Estonia and Finland, meaning that it will not return to service before April next year.
US hits Turkey’s Ice Pearl, UAE’s Lumber Marine with sanctions for violating oil price cap
Nato threatens 'determined response' to possible Balticconnector sabotage
The damage to the pipeline has caused many to point the finger at Russia, which has also been accused of damaging the two Nordstream gas pipelines to Germany a year ago.
Lithuanian minister calls for additional protection for Baltic Sea pipelines
The sensitive subsea energy infrastructure needs even more protection following the 8 October Baltic Sea incident involving a gas pipeline between Finland and Estonia, Lithuanian Energy Minister Dainius Kreivys said.
European gas prices take hit from Israeli conflict, closure of Balticconnector
The conflict in Israel, coupled with the shutdown of the Balticconector pipeline linking Finland and Estonia, has triggered a spike in European prices, with the TTF front-month contract climbing this week to its highest point since August.
Azerbaijan eyes participation in restart of Bosnia’s Brod oil refinery
Azerbaijan is interested in participating in the restart of production of Bosnia & Herzegovina’s Brod oil refinery, said Petar Djokic, Energy and Mining Minister of Republika Srpska.
Indian diesel exports to Europe hit all-time high in September
India’s loading of diesel exports bound for Europe hit an all-time high in September as a result of traders looking to cash in on arbitrage profits to the West.
EC approves €400mn in state aid to Bulgargaz
The European Commission said on October 11 it has approved BGN800mn (€400mn) in state aid to the public supplier of natural gas in Bulgaria, Bulgargaz, in the context of Russian war in Ukraine.
Finland says subsea pipeline damage appears to be deliberate
Finnish media reported that the Finnish government and the Finnish Defence Forces suspect Russia attacked the Balticconnector gas pipeline.
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