The planned EUGAL pipeline route from the Baltic Sea to Czech Republic. Supply & Demand

Nord Stream 2 to trigger midstream investment

Nord Stream’s expansion would bring 55 bcm/y of gas to northern Germany and prompt investment in infrastructure to transport it.

The Paks nuclear power plant in Hungary. The EU is expected to approve its expansion. (MVM) Alternative Fuels

Paks 2 to get green light from European Commission

The EU looks to have changed its mind on the expansion of Hungary’s nuclear power plant despite the concerns of critics.

Companies & Finance

Hayward to step down from Genel

Tony Hayward is set to step down as chairman of Genel Energy next year, according to a Reuters report.

30 September 2016
Exploration & Production

OMV plans drilling expansion in Austria

OMV intends to boost its investment in upstream drilling in Austria by 40% next year.

30 September 2016
Exploration & Production

Close to 80% of Dutch gas reserves used – CBS

Dutch domestic gas production continues its drastic decline, which could leave the country running out of gas in 17 years, the country's statistical service says.

30 September 2016
Pipelines, Storage & Power

Nord Stream maintenance shutdown dates confirmed

The next annual maintenance period on the Nord Stream gas pipeline is scheduled for 11-22 September 2017.

29 September 2016
An LNG carrier approaching Italy’s Panigaglia terminal. Many European LNG terminals are under-utilised. (Interfax) EU Energy Policy

MEPs warn against excess LNG and storage capacity

A draft resolution adopted this week by the European Parliament’s energy committee has highlighted the risk of LNG terminals and gas storage facilities becoming stranded.

29 September 2016
Global Markets

Brussels approves Polish support for heat and power

The European Commission has found that a Polish certificate scheme supporting high-efficiency co-generators of heat and power complies with EU state-aid rules.

28 September 2016
EU Energy Policy

Liquidity on European gas hubs increasing – report

Liquidity on European gas hubs is increasing, with particular progress registered in the Central East European region.

28 September 2016
LNG

MEPs pass draft opinion on LNG and storage strategy

MEPs in the European Parliament’s committee on industry, research and energy on Monday passed a draft non-legislative resolution on LNG and gas storage in the EU.

27 September 2016
LNG Croatia is developing an FSRU in Krk. (Berthold Werner) LNG

Croatia LNG finalising commercial agreements

LNG Croatia hopes to finalise stakeholder agreements and commercial contracts for the country’s first LNG terminal by the end of the year.

27 September 2016
Exploration & Production

UK Labour Party pledges to ban fracking

UK shadow energy secretary Barry Gardiner has reiterated that a future Labour government would ban fracking in the country.

26 September 2016
EU Energy Policy

Next round of US-EU trade talks set for next week

The 15th round of EU-United States negotiations on the Transatlantic Trade and Investment Partnership agreement will take place in New York from 3-7 October.

26 September 2016
Exploration & Production

Groningen cap will remain at 24 bcm/y

The cap on production at the Netherlands’ Groningen gas field will be held at 24 billion cubic metres per year for the next five gas years.

26 September 2016
CMP application was low in 2015, except at Dutch, German and Austrian interconnection points. (OMV) Policy & Regulation

EU sees mixed progress on congestion management

While most EU countries have binding rules for congestion management on their gas networks, shortcomings may still hamper market integration.

26 September 2016
Companies & Finance

Innogy’s IPO price set at €32-36 per share

A 10% share of Innogy and 8.2% of the shares in the company held by RWE will be offered at the new company’s IPO.

23 September 2016
Companies & Finance

OMV sells stake in Gas Connect Austria

Vienna-based OMV has sold a 49% minority stake in Gas Connect Austria for €601 million.

23 September 2016
Policy & Regulation

Energy industry is EU’s highest CO2 emitter

The Energy industry is responsible for 30% of Europe’s greenhouse gas emissions, making it the highest-emitting sector.

23 September 2016
Companies & Finance

Brussels approves Vattenfall’s sale of coal and power assets

The European Commission has approved the sale of Vattenfall Europe Generation and Vattenfall Europe Mining to EPH and PPF Investments.

22 September 2016
LNG

Engie to move away from coal and oil, but keep LNG business

French gas and power group Engie will not sell its LNG business, but it will stop burning coal and producing oil.

22 September 2016
LNG

Gate and Elengy to cooperate on LNG-related services

Gate LNG signed a memorandum of understanding with Engie subsidiary Elengy on Wednesday to advance cooperation in LNG-related services

22 September 2016
Gas Natural Fenosa was granted a €600 million loan under EFSI to expand its gas networks. (Gas Natural Fenosa) Companies & Finance

EU energy sector eyes more funding under EFSI 2

The extension of the EU’s European Fund for Strategic Investment is good news for energy-related projects that rely on cheap financing to get started.

22 September 2016

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