Tag Archives: Europe

Norway has replaced Russia as the biggest gas supplier of Europe, said the EU Commissioner Kadri Simson, as she was addressing a committee meeting and a press conference in the European Parliament, Trend reports via the European Commission. “Since September 2022, Russian gas is about 8 percent of all pipeline …

The EU’s energy policy chief has called on European countries and companies to refrain from signing new contracts for the purchase of Russian liquefied natural gas (LNG). Earlier today, Kadri Simson, had a meeting with IEA’s Executive Director Fatih Birol – they both discussed the challenges in the European energy …

European natural gas prices rebounded amid signs that colder-than-usual weather will extend into April, posing a potential pressure point for the region’s inventories. Benchmark futures gained as much as 3.2% on Tuesday after slumping to the lowest since August 2021 on Monday. Temperatures across northwest Europe and the Nordics are …

Natural gas from a potential Irish reservoir close to the existing Corrib field will produce less emissions than imports, says a new report. Europa Oil & Gas has identified two prospects off the Republic’s west coast that could between them amount to twice the amount of natural gas that the …

Developers of U.S. LNG export facilities could launch $100 billion worth of new plants over the next five years as high prices and the need for energy security create strong momentum for long-term LNG demand and contracts. The United States is set to overtake Qatar and Australia as the world’s …

European imports of liquefied natural gas soared last year as nations sought to cover for drops in Russian pipeline supplies, a report from the International Energy Agency said Tuesday. The jump in demand from European nations sent prices spiking higher, with global sales doubling in value to $450 billion even …

European gas demand is expected to be “broadly flat” this year after falling to an all-time low in 2022 following the curtailment of Russian exports, the International Energy Agency said. But there is a “high” level of uncertainty about Russian supply cuts and the possible economic effect of volatile energy …

In the winter of late 2022 and early 2023, Europe got lucky. It got very lucky. Gas storage sites were fuller than usual because of the massive LNG-buying effort the EU put into securing gas for the winter, and the winter itself turned out to be warmer than usual. Yet …

Europe is on track to import this month the highest volumes of diesel from the Middle East and Asia in seven years as the EU turns to alternative supply after the ban on imports of Russian diesel and other fuels took effect on February 5. Diesel and gasoil arrivals to …

Europe is boosting the amount of crude it imports from Angola as the continent’s ban on Russian oil upends typical trade routes. More than 40% of Angola’s 32 crude cargoes for loading this month are bound for destinations west of the Suez Canal — mostly to Europe as well as …