EurOil - Europe Oil & Gas

Hungary signs long-term LNG contract with Engie in Budapest on October 2.

Hungary's state-owned MVM CEEnergy signed a contract with French-owned Engie for the supply of 4 bcm of LNG over ten years from 2028 to 2038,

Kazakhstan predicts boost in oil exports to Germany

Kazakhstan expects to boost oil exports to Germany this year to around 1.7mn tonnes (34,000 barrels per day), up from 1.5mn tonnes in 2024.

Serbia’s NIS granted temporary US licence as sanctions deadline postponed

Serbia’s oil company NIS announced on October 1 that the US Department of the Treasury has issued a new special licence delaying the imposition of full sanctions against the firm until October 8, 2025.

Fitch downgrades SOCAR-owned Turkish petrochemical producer Petkim to 'CCC' on “very weak” profitability

Fitch Ratings late on September 29 downgraded Turkish petrochemical producer Petkim Petrokimya Holdings’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC' from 'CCC+', citing continuing weakness in the European chemical market.

Drivers in Kyrgyzstan complain price of full tank of gasoline has doubled amid drone strikes on Russian refineries

Some drivers in Kyrgyzstan have complained that the price of a full tank of gasoline has doubled in recent weeks amid fuel shortages widely thought to be linked to lower exports from Russian refineries put out of action by Ukrainian drones.

Russia extends gasoline export ban

Bulgaria to end Russian gas flows to Hungary, Slovakia by 2027

Bulgaria, the European Union’s last entry point for Russian pipeline gas, plans to end Russian gas flows to Hungary and Slovakia by 2027.

Orban, Fico discuss energy security and cooperation at Esztergom meeting

US delays sanctions against Serbia’s NIS for the eighth time

The United States has postponed sanctions on Serbia’s Russian-owned oil company NIS for another eight days following talks between Serbian President Aleksandar Vucic and US officials.

Russia says Ukrainian drone strikes on CPC infrastructure against US interests

Russia’s Foreign Ministry said on September 26 that recent Ukrainian drone strikes on Caspian Pipeline Consortium (CPC) facilities undermine the interests of the United States, Kazakhstan, Russia and global energy security, Reuters has reported.

Ukraine considers banning oil products imported through Romania's Constanța port

The main wholesale operators of petroleum products in Ukraine expect the Constanta port in Romania to fall under sanctions due to suspected Russian-origin products in blended imports arriving from India.

US to impose sanctions on Serbian oil company NIS on October 1

President Aleksandar Vucic said that Serbia was “collateral damage” in Washington’s sanctions war with Moscow.

EU demands Cyprus repay €67 million for troubled LNG project

The European Union has ordered that Cyprus repay the bloc EUR 67mn ($78mn) for grants given to build an LNG import terminal at Vasiliko in the country’s east/

Serbia secures extra Azerbaijani gas for winter

Serbia has agreed with Azerbaijan to secure additional gas supplies for the coming winter and completed talks on the construction of a joint natural gas power plant near the southern city of Niš.

Russia’s Arctic LNG 2 plant appears to load first cargo at second train

Satellite images reveal a tanker docked at the sanctioned plant’s second production unit which began producing LNG in May.

Croatian PM angrily rejects Hungarian accusations of war profiteering

"We're the good guy," says Andrej Plenkovic after Hungarian foreign minister claims Zagreb is profiting from disruptions in Russian supplies.

Trump lavishes praise on Erdogan in White House meeting and suggests Turkey stop buying Russian oil and gas

Some big military and civilian aircraft deals may be in the making, but the deal-making remains behind closed doors.

Serbia awaits another US sanctions waiver for oil firm NIS

The sanctions, imposed in January due to NIS’s Russian ownership, have already been postponed six times, with the latest waiver set to expire on September 26.

Hungary's Orban, Trump discuss energy issues

Ukrainian drone strike hits Russian port city Novorossiysk, damaging CPC facilities

A Ukrainian drone strike on September 24 was conducted on the Russian Black Sea port city of Novorossiysk, from where most of Kazakhstan's oil is exported. The attack killed at least two people and injured seven, including children, RFE/RL reported.