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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Turkey to automatically hike gasoline tax in every six months
Turkey’s ruling Justice and Development Party (AKP) has filed an omnibus bill with Parliament that includes an article to automatically hike the special consumption tax (OTV/SCT) on fuel products.
Croatian HEP saves €370.6mn on gas purchases with regulated prices
Croatia's national power company, HEP, saved €370.6mn by purchasing gas at a regulated price set by the government, Jutarnji List reported on July 11.
Germany’s plans to fast-track Ruegen LNG terminal could face legal action
Germany’s plans to fast-track construction of floating LNG terminals off the Baltic Sea coast could be met by legal action, Reuters reported on July 7.
Centrica signs 15-year LNG supply deal with Delfin Midstream
Centrica plc, the parent company of British Gas, has agreed to a 15-year LNG supply deal with US-based LNG export project developer Delfin-Midstream, Reuters reported on July 11.
Azerbaijan, Hungary discuss gas supplies via Solidarity Ring
Azerbaijan’s Energy Minister Parviz Shahbazov met with Hungary’s Foreign Affairs and Trade Minister Peter Szijjarto on July 10 to discuss energy co-operation.
Kremlin insists gas hub plan still on track despite Turkish tensions
The Kremlin has insisted that its plan for creating a hub for Russian gas supply in Turkey is unaffected by recent strains in ties with Ankara over the latter’s return of five Ukrainian commanders back to Kyiv.
TotalEnergies fires up turbines ahead of Tyra field's restart
France’s TotalEnergies has powered up two gas turbines at the Tyra gas field ahead of the project’s restart following a lengthy redevelopment project, the company said on July 6.
Edison CEO says EastMed gas pipeline still in play
Nicola Monti, CEO of Italy’s Edison Group, said last week that the proposed EastMed Gas Pipeline, which would stretch from the gas fields in the East Mediterranean to Crete, Greece and on to Italy, is still a viable project.
Ukraine interested in LNG transportation via Bulgaria, joint renewable energy projects
Ukraine is interested in the transportation of liquefied natural gas via Bulgaria and its storage at the Chiren facility, as well as in joint renewable energy projects with Bulgaria.
TAP opens non-binding phase for new connection points in Albania, Greece
Natural gas transportation operator Trans Adriatic Pipeline AG (TAP) has invited interested parties to file non-binding connection requests for existing points in Albania, Greece and Italy and for new points in Greece and Albania.
Croatian government ends HEP's obligation to purchase gas from INA
The government had previously implemented a decree in September 2022 that obligated HEP to purchase gas on the domestic market to address disruptions in gas supplies.
OPEC+ members plan deeper cuts ahead of meeting
The two top oil producers in OPEC+, Saudi Arabia and Russia, have announced plans to prolong or make additional supply cuts in August as they seek to boost the price of crude.
Will Russian gas transit via Ukraine end after 2024?
Ukraine has delivered a stark warning that Russian gas transit via its territory, one of only two remaining routes that Russian gas can flow to Europe, is likely to cease at the end of next year with the expiry of a five-year deal with Russia.
TotalEnergies clears expansion at France's first biorefinery
TotalEnergies has cleared an expansion in the circular renewable feedstock it processes at the La Mede biorefinery in France's Provence-Alpes-Côte d'Azur region, the company announced this week.
Operators of Irish Barryroe field to wind down business
The operator of what was hailed as Ireland’s largest undeveloped oilfield has begun winding down its business, in a further dash to hopes of further offshore development in the country.
Spain’s El Musel terminal receives first LNG ship
The El Musel LNG terminal in north-west Spain received its first LNG ship on July 1 when Cool Racer, owned by Greece’s Thenamaris, arrived for its first unloading.
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