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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Algerian natural gas exports to Southern Europe remains strong so far in 2023
Algerian natural gas exports to Southern Europe remained strong so far in 2023, as Italy’s demand is high and gas flows to Spain have recovered and are reaching their highest levels.
European Commission calls for ending of energy support measures this year
The European Commission called on member states this week to phase out measures aimed at protecting consumers from high energy prices by the end of the year in order to safeguard public finances.
Fertiliser group Azoty’s poor Q1 results feeds speculation of Orlen takeover
Warsaw-listed fertiliser maker Azoty suffered a PLN555mn (€122.8mn) net loss in the first quarter
LSE-listed oiler Gulf Keystone scraps dividend plans with Iraqi Kurdistan oil flows to Turkey still blocked
Subsea7 awarded contract by Turkish Petroleum for Sakarya Black Sea gas field development second phase
Eni chief says EastMed Gas Pipeline would need Turkey’s participation
Eni CEO Claudio Descalzi has told an Italian parliamentary committee that construction of the proposed 1,900-km, $6bn EastMed Gas Pipeline would require the participation of Turkey if it is to become a reality.
OPINION: Azerbaijan’s energy diplomacy pivots to the Balkans
Azerbaijan can’t fully substitute for Russian gas at the pan-European level, but it can play a crucial role in promoting the energy security of individual states.
Germany reportedly buys spare Nord Stream 2 pipes for LNG terminal
Germany’s government purchased pipes that had been intended for the Nord Stream 2 pipeline from the project’s bankrupt operating company for €70mn ($76mn), the Business Insider reported last week.
Croatian JANAF signs oil contracts with Hungarian MOL
JANAF, the Croatian oil pipeline operator, announced on May 17 that it has signed take-or-pay contracts with Hungarian energy group MOL for oil transport and storage for 2023.
Alexandroupolis port secures EU upgrade funds ahead of hosting LNG terminal
Greece’s privatisation agency HRADF announced on May 17 that it had secured €24mn ($26mn) in funding from the EU, to upgrade the port of Alexandroupolis, which is due to host a new LNG import terminal.
Schwedt refinery set to run at 70% capacity by June
The Schweft oil refinery in Germany will ramp up its operational capacity to 70% starting from June, German state secretary Michael Kellner said this week.
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