EurOil - Europe Oil & Gas
CCS projects should get contracts for difference, says German official
German carbon capture and storage projects should be able to receive state financial support through carbon contracts for difference (CFD), once a legal framework is finalised.
GECF sees Turkey gas output at 13 bcm in 2050
Turkey is viewed as an emerging natural gas producer in Europe, according to the latest edition of the Global Gas Outlook, produced by the Gas Exporting Countries Forum (GECF), which is based in Doha.
GECF strikes bullish tone on gas demand growth
The Gas Exporting Countries’ Forum (GECF) has come out with a bullish prediction that consumption of the fuel will surge by 34% by the middle of the century.
SOCAR's total investments in Turkish Petkim petrochemical complex amounted to $1.7bn
SOCAR Turkey Enerji has invested $1.7bn in the development of the Turkish petrochemical complex Petkim Petrokimya Holding, Elchin Ibadov, General Director of SOCAR Turkiye Enerji (SOCAR’s Turkish subsidiary) said in an interview.
European gas demand to contract by 37.5% by 2050: GECF
Europe’s energy system will undergo a radical energy transformation, with natural gas demand contracting by 37.5% between now and 2050, the Gas Countries Exporting Forum has said in its latest outlook report.
Fall in CO2 emissions quota prices will deepen drought in Estonian state coffers
The price of CO2 emission quotas has fallen to around €50-60 per tonne in recent months, as a result of the Europe-wide downturn, said Armen Kasparov, head of energy trading at the Estonian state-owned Eesti Energia.
Europe needs to expand gas infrastructure to end Russian imports, CERAWeek execs say
Europe will need to further expand its natural gas infrastructure to eliminate Russian gas imports.
Scope assigns MOL 'BBB-' issuer rating
ADNOC signs second offtake deal for Ruwais LNG
Abu Dhabi National Oil Co. (ADNOC) this week agreed terms on a 15-year offtake deal with SEFE Marketing & Trading Singapore as the Emirati firm prepares to launch major engineering work.
EurOil: Cyprus FSRU project stuck in limbo as government and contractor head to arbitration
Estonia aims to quadruple use of green fuels by 2030
Eni’s Tango floating LNG project set to ship first cargo
Italian energy firm Eni is slated to deliver its first LNG cargo this week from the company’s Tango floating LNG facility located in Congolese waters, according to shipping data.
US produced more oil in 2023 than any country for sixth consecutive year
The US produced more oil than any country at any time for the past six years in a row, according to the US Energy Information Administration.
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