EurOil - Europe Oil & Gas
EU wants fossil fuel companies to help pay to fight climate change
The European Union plans to urge the fossil fuel industry to aid in combating climate change in less affluent countries under a United Nations objective, a preliminary document reveals.
Azerbaijan eyes gas exports to Albania in 2025-26
The start of gas flow to Albania will become possible after the capacity of the Trans-Adriatic Pipeline is expanded by the end of 2025 from 10 to 11.2bn cubic metres per year, according to the ministry.
US supplies almost half of Europe’s LNG imports in 2023
The US was Europe’s top supplier of LNG in 2023, marking the third consecutive year it has held that title according to new data from gas intelligence firm CEDIGAZ.
Vitol in talks to buy 90% stake in Italy’s Adriatic LNG terminal
Energy storage firm VTTI, backed by global commodity trader Vitol is in advanced talks to purchase a majority interest in Italy’s Adriatic LNG terminal.
Gazprom seeks buyer for three European assets
Russia’s state-owned gas giant Gazprom has put three of its foreign assets up for auction for €344mn.
Turkmenistan: Kabul market
Afghanistan wants to show it is open for business and is willing to be a good neighbour. This and more in this week's Eurasianet Akhal-Teke Bulletin.
EU stands firm on ending Russian gas transit via Ukraine, Kyiv open to options
The EU remains resolute in its stance against negotiating with Russia over the transit of gas through Ukraine, while Kyiv signals openness to alternative arrangements.
Turkish terminal freezes Russian oil business
Mediterranean facility Dortyol recently sprung to attention when US senators claimed “masked Russian oil” supplied via facility even ended up in US warships.
Latvia’s Latvijas Gaze turnover tumbles in 2023
Czech industry minister says EC backs Czechia’s request to abolish German gas transit fee
Czech Minister of Industry and Trade Jozef Sikela said that the European Commission supports Czechia’s request to abolish fees that Germany collects for gas transits.
Slovenia’s Petrol challenges regulatory changes, deeming profit margin increase insufficient
Asian implications of Biden's LNG pause
While the majority of US LNG currently goes to gas-starved Europe – 67% last year versus only 26% to Asia – the pause has no bearing on existing supply but on export projects due to enter service in the late 2020s.
Estonia’s Eesti Energia oil shale power plant write-downs cause net loss in 2023
In 2023, Estonia’s state-controlled Eesti Energia posted a net profit from current operations of €253mn.
Talks for ADNOC OMV merger stall
Talks for a planned $30bn merger between Abu Dhabi National Oil Company’s chemical arm and Austrian oil and gas company OMV have stalled in recent weeks, according to a report made by the Financial Times.
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