A flare from the Corrib field. Corrib will start to decline in 2020. (Shell) LNG

Brexit-exposed Ireland pushes ahead with FSRU plans

The security of supply risks associated with Brexit are giving a new impetus to Ireland’s plans for an FSRU.

By Silvia Favasuli 21 July 2017
Natural gas storage tanks. (PA) Supply & Demand

Storage, economic woes to limit UK price rise

Although supply disruptions in Libya and Qatar and an increase in LNG demand from Japan have contributed to UK gas price increases, analysts believe that healthy storage levels may help put a lid on p

5 September 2011
Policy & Regulation

Exemption from EU E&P procurement rules boost Denmark’s declining gas reserves

PA, Swedish independent gas company’s August announcement of a second gas discovery at the Boder Truck prospect offshore Denmark is a boost to the country’s declining reserves.

5 September 2011
Companies & Finance

EC gives Axa PE’s Italian deal the all clear

The European Commission has cleared the acquisition of Italian company, G6 Rete Gas by an Axa Private Equity led consortium under the EU Merger Regulation.

2 September 2011
Supply & Demand

Norwegian exports to UK replaced by LNG

Exports of piped gas from Norway to the UK and other European destinations is increasingly being replaced by LNG from overseas as market observers suspect Norwegian suppliers are deliberately holding back production in order to hike market prices.

2 September 2011
Companies & Finance

Nord Stream phase two debt refinance on hold

A mooted refinance of the phase two debt behind the Nord Stream natural gas pipeline looks to be on hold, owing to uncertainty in the euro currency market.

2 September 2011
Christine Schweikert, energy economist at Germany’s BHF Bank, talks about the risk of a second recession and its potential impact on energy projects. (PA) Exploration & Production

Financial turmoil mars outlook for energy projects

Christine Schweikert, energy economist at Germany’s BHF Bank, talks about the risk of a second recession and its potential impact on energy projects.

2 September 2011
Companies & Finance

Sterling to close senior debt facility

Europe-focused Canadian oil and gas explorer Sterling Resources looks set to close a syndicated senior debt facility over coming weeks to fund development of the $691 million Breagh gas field in the North Sea.

2 September 2011
Exploration & Production

LNG Energy wants 50% stake in Bulgarian shale project

Canadian exploration and development company LNG Energy plans to buy a 50% interest in a Bulgarian shale gas project from TransAtlantic Petroleum, it said this week.

1 September 2011
Companies & Finance

Fluxys buys 19% stake in NEL Pipeline

Belgian gas transmission operator Fluxys has bought a 19% stake in the planned German gas pipeline NEL - which will link up with the Nord Stream pipeline – from gas supplier Wingas, the companies said in a statement on Thursday.

1 September 2011
Höegh operated LNG carrier, STX Frontier. (Höegh LNG) LNG

Höegh eyes first FSRU vessel by end 2013

Norway’s growing demand will get a helping hand in 2013 when Hoegh LNG’s first two floating storage and regasification units are delivered.

1 September 2011
Oil-indexation of gas contracts is currently squeezing profit margins for utilities across Europe. Supply & Demand

What’s next for European gas trading and supply?

Howard Rogers, Senior Research Fellow at the Oxford Institute of Energy Studies, speaks to Interfax about the outlook for European gas markets and supply.

1 September 2011
Companies & Finance

PGNiG sees net profit drop by $7 mln in Q2

Poland’s largest oil and gas company, PGNiG, recorded a net loss of PLN 20 million ($7 million) in the second quarter of 2011, largely due to higher import prices for natural gas, the company said on Wednesday.

31 August 2011
Exploration & Production

Breagh, Clipper South to become operational by 2012 – RWE Dea

Hamburg-based upstream company RWE Dea expects to produce the first gas from the Breagh and Clipper South fields on the UK continental shelf in 2012, the company announced on Wednesday.

31 August 2011
Supply & Demand

Gazprom changes Greece gas supply terms

Gazprom has changed its gas supply terms to Greek state energy company DEPA, the deputy general director of Gazprom Export, Sergei Chelpanov, said during a conference call on Tuesday with investors.

31 August 2011
Spanish utility, Endesa, is one of the companies that has come under pressure to reduce debt. (PA) Companies & Finance

Southern Europe’s utilities admit exposure to financial turmoil

Southern Europe’s utilities have come under pressure to reduce debt due to the financial turmoil in the region, while weak energy demand and lower profit margins have also added to the concerns.

30 August 2011
LNG carrier Berge Arzew docks at jetty at Isle of Grain LNG terminal, UK. (National Grid) Supply & Demand

UK LNG projects: Too many too soon?

A string of new LNG import terminals have been proposed for the UK, but it is unlikely that all of them will be built given slow demand growth and competition from Asia.

26 August 2011
Supply & Demand

RWE likely to agree contract price modification with Gazprom

The price gap between natural gas purchased on the spot market, and delivered under Gazprom’s long-term oil-indexed contracts has resulted in declining financial results for European contract holders such as RWE.

26 August 2011
Pipelines, Storage & Power

South Corridor will be limited to the ITGI pipeline at least until 2020 – PFC Energy

Consultant PFC Energy’s latest report, The European Southern Corridor: What shape will it find? completed in early August, says the Interconnector Turkey-Greece-Italy (ITGI) pipeline is the only South Corridor pipeline project that can be implemented before 2020.

25 August 2011
Exploration & Production

Statoil makes new discovery in Gullfaks licence, North Sea

Norway’s Statoil has made a new hydrocarbon discovery in the Gullfaks licence in the North Sea, but it is too early to say whether the well holds commercially extractable volumes of gas, a spokesman for the company told Interfax late on Wednesday.

24 August 2011
Companies & Finance

Tullow Oil locks in gas price at 56 p/th in H1

London-listed oil and gas producer Tullow Oil, which owns a global portfolio of production assets, sold gas at an average price of 56p per therm in the first half of 2011, an increase of 65% on the same period last year, the company said on Wednesday.

24 August 2011

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