Fitch warns of tough 2023 amid markedly higher gas prices
Fitch Ratings has increased its short and medium term gas price assumptions, based on an assumption of no further Russian supplies into the European Union.
Pipelines
Finding only negligence, OMV opts out of suing former CEO
OMV has cleared former CEO Rainer Seele of misconduct. It did find evidence of negligence in some of his actions, it said in a report.
Europe braces for rationing risks in Russian gas showdown
Europe faces the risk of blackouts, rationing and a severe recession if Russia further slashes gas deliveries, and the next reality check is at hand.
Chevron, NewMed work on gas export options from Israel
Chevron and partners are keen to increase gas exports to Israel’s neighbours and have made a bid to secure all capacity in a proposed pipeline to Egypt.
Uniper posts mega loss on Russian gas squeeze
Uniper has been hard hit by reduced Russian gas deliveries, posting major losses and with better times only coming in 2024, it has said.
Gas pipeline part is ready for Russia, says German leader
German Chancellor Olaf Scholz has inspected a mechanical turbine at the centre of a natural gas dispute and declared "there are no problems" with the part besides information from Russia's state-controlled gas company.
Technip Energies signs up to work on Total’s Le Havre FSRU
Technip Energies will supply a marine loading arm to TotalEnergies at the planned FSRU project in France.
Panic over as Enagas denies Medgaz stoppage
Spanish transmission operator Enagas has shrugged off disruption to Algerian gas flows via the Medgaz link.
Nord Stream says Russian gas shipments resumed on Thursday
Russia started sending gas through its biggest pipeline to Europe after a 10-day maintenance period.
Russia snubs gas transit bookings, keeping buyers guessing on supplies
Moscow again rejected additional gas-pipeline space offered by Ukraine, keeping European buyers guessing as future flows on the key Nord Stream route also remain uncertain.
Saipem stock plunges, banks to step in as underwriters
Saipem (MI:SPM) shares have plunged around 70% from July 11 after the company acknowledged demand for additional shares was less than expected.
Gazprom’s shunned Nord Stream 2 wins spat over EU pipeline rules
Russia’s shunned Nord Stream 2 gas pipeline won a legal boost in its pre-war challenge against European Union rules that subjected all new and existing pipelines involving foreign suppliers to the EU’s energy market-opening requirements, after the bloc’s top court said its appeal can be heard.
Sonatrach tweaks pricing conditions for Engie
Sonatrach has struck a deal to supply France’s Engie with gas via the Medgaz pipeline.
Tengiz explosion kills two
An explosion this morning at Kazakstan’s Tengiz oilfield has killed at least two workers, according to local reports.
Role reversal for Spain as it exports gas to Morocco
Spain has begun flowing gas south, into Morocco, via the Gazoduc Maghreb Europe (GME).
Uniper hits cash crunch, calls for German government assistance
Uniper has retracted its financial guidance for 2022 as spiralling gas prices have driven it to seek support from the German government.
EU faces legal challenge over gas import plans
The European Union is facing legal challenges to its plan to support gas import projects, with accusations that this breaks climate and energy laws.
Orsted, GasTerra refuse to budge on rubles, face gas cut off
Gazprom Export is on the verge of cutting off gas supplies to offtakers in Denmark and the Netherlands as a result of a currency dispute.
Wilhelmshaven takes centre stage for LNG imports and more
Germany has officially launched construction of an LNG terminal at Wilhelmshaven, while signing up preliminary agreements for four FSRUs.
Uniper takes big hit with eyes on gas storage prize
Uniper has warned a “significant earnings decline” for the first quarter as it shifts its strategy to releasing gas later in the year.
Spain and Naturgy prep for higher Algerian gas prices
Spain is preparing to pay more for gas supplies from Algeria, with both sides warning of the raise.
TotalEnergies to continue Russian gas purchases, despite criticism
TotalEnergies CEO Patrick Pouyanné has stood up, once more, for the company’s values – but defended the purchases of Russian LNG.
Spain aligns with Morocco, risking gas links
Spain has approved Morocco’s plans for Western Sahara, creating new lines of dispute in Madrid and driving the Algerian ambassador to be recalled.
OMV steps back from Russian plans, while Wintershall considers options
OMV will not go ahead with its purchase of a stake in Gazprom’s Urengoy gas and condensate field. It is also “reviewing” its involvement in Nord Stream 2.
Spain runs down clock on Algerian gas supplies
The future of gas supplies from Algeria to Spain, via Morocco, remains unclear following a diplomatic spat.