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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Bulgaria’s PM seeks more natural gas from Azerbaijan
Middle East cargoes easing Europe’s strain
Estonia secures one fifth of planned gas supply
Lithuania transports oil products to Ukraine via Poland, bypassing Belarus
The state-run Lithuanian Railways is transporting oil products for Ukraine via Poland, successfully avoiding Belarus, Ukraine Business News reported on July 21.
Hungarian foreign minister in Moscow to secure additional gas deliveries
Peter Szijjarto visited Moscow with a government mandate to buy an additional 700mcm of gas from Russia in addition to the 4.5bcm under a long-term agreement with Gazprom.
Slovenia sets limit to gas prices amid crisis
Czechia reduces its dependence on Russia by securing gas capacity via Dutch LNG terminal
Italy arranges to import more gas from Algeria
Algeria has now surpassed Russia as the largest supplier of gas to the Italian market, but Europe is still a long way away from replacing Gazprom.
Petrol’s rating put on CreditWatch Negative by S&P
Nord Stream back up and running, but flow remains low
Russia’s Nord Stream 1 pipeline has finished its annual maintenance period on time and is now back in operation, triggering a modest drop in gas prices. But like before the downtime, the pipeline is running at well under its full capacity.
Markets await word on whether Putin will agree non-dollar payments from Turkey for energy supplies
German industry warns little gas use left to cut
Bulgaria's Overgas pens MoU for US LNG
EurOil: Uniper seeks $2bn boost in credit line
EU draws up gas reduction plans on fears of a Russian gas embargo
The European Commission has drawn up a plan detailing a rationing mechanism and rules to pass price increases on to consumers that can be imposed should Russia cut Europe off from gas deliveries.
Uniper seeks $2bn boost in credit line
Russian gas cut-off could see some European countries' growth fall by 6%, says IMF
If Russia cuts off its gas deliveries to Europe then the most exposed countries could see their economies contract by up to 6%, the International Monetary Fund said in its blog on July 19.
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