Region: Europe Category: Oil and Gas Frequency: Every Thursday
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About: EurOil analyses key trends such as the influx of private equity into the North Sea and how it is shaping the basin's future. The monitor also provides key insight on major trends such as decommissioning and the development of frontier regions like West of Shetland. Midstream developments also take prominence, with deep analysis of the region's gas needs and how they will be met in the future.
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North Macedonia will seek compensation from Bulgaria for tax on Russian gas, minister says
Germany’s SEFE continues to transport Russian LNG
A German state-run trader has come under criticism for continuing to transport Russian LNG.
Partner in Midia offshore gas perimeter reportedly seeks to sell its 20% participation
Non-oil sector in Azerbaijan still struggling
War in Gaza won’t change the outcome for East Med Gas Pipeline (EMGP) project
War in Gaza won’t change the outcome for EMGP, which lost too much momentum before the Mideast fell into conflict.
“Don’t sanction Russia’s oil: tax it,” says ex-Naftogaz chief Kobolyev
Sanctions on Russia’s oil exports aren’t working. Russia has found too many partners in the global south that are willing to process or re-export its oil, and Moscow has too many ships in its shadow fleet that can avoid sanctions. So tax it.
EurOil: European gas prices soar to two-month high
Bulgaria, Turkey gas supply deal could be coverup for Russian gas imports, US ex-diplomat says
European Commission already probing deal between Bulgargaz and Turkey’s Botas.
Oil markets on edge amid escalations in Israel-Hamas war
The escalation in the Israel-Hamas conflict is inciting apprehensive speculations about the impact on global oil markets amid the complex web of geopolitics, sanctions and spectre of broader tensions in the region and beyond.
Czech gas storage capacity is 99.9% full
Gas stored in the Czech gas storage facilities reached 3.455bn cubic metres, filling 99.9% of the storage capacity. Czech Minister of Industry and Trade Jozef Sikel stated.
Carlyle-controlled BSOG ready to hike offshore gas output in Romania before winter
Black Sea Oil and Gas (BSOG), an oil company controlled by Carlyle investment fund that since last year has delivered gas from its Black Sea perimeter at a rate of 1bn cubic metres per year, is ready to increase its output by 25% this winter.
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.
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