Tag Archives: Europe

Refiners in Europe have significantly raised purchases of North Sea crude grades in recent weeks as they look to replace as much Russian crude as soon as possible, ship-tracking data compiled by Bloomberg showed on Wednesday. European buyers, especially those in the Baltic region, began raising imports of crude pumped …

Technip Energies NV may have to considerably slow construction for Novatek PJSC’s Arctic LNG 2 project because of the latest European Union sanctions against Russia for invading Ukraine. The prospect is a blow for Netherlands-based Technip and the Russian energy company, which is developing the giant export terminal for super-chilled …

Benchmark European natural gas prices rose on Monday morning as forecasts of low wind speeds and still and cooler weather in the coming days spurred increased demand for gas for power generation across Europe. The day-ahead gas price at the Dutch TTF hub, the benchmark gas price for Europe, jumped …

Natural gas prices in Europe extended gains as Norwegian flows plunged further amid planned works, while Russian shipments remained low. Benchmark futures gained as much as 5.2%, advancing for a third day. Supplies from Norway are set to slump to the lowest levels in more than three months with seasonal …

Europe’s biggest solar power plant, the under-construction Karapinar plant in Konya in south-central Turkey, is poised to be fully operational by the end of 2022, Cemal Kalyoncu, the chairman of Kalyon Holding, the company responsible for the project, said on Monday. The current installed capacity of the power plant is …

Russian state-owned gas producer Gazprom continued to supply natural gas to Europe via Ukraine on Saturday at the pace of 74.6 million cubic metres per day, in accordance with requests from European consumers, the company said. This was in line with the 74.5 mcm reported earlier by Interfax news agency, …

After more than a week of consecutive declines, Europe’s benchmark natural gas prices rose on Tuesday amid lower orders for Russian gas supply transiting Ukraine. In morning trade in Amsterdam on Tuesday, the front-month gas futures price at the Dutch TTF hub, the benchmark gas price for Europe, was up …

European natural gas prices edged higher, following seven sessions of declines, with Russian supplies through Ukraine expected to fall. Orders dropped to about 68pc of the amount that Gazprom PJSC can send under its transit contract. The Russian company reiterated that flows were in line with requests from customers. Supplies …

Replacing Russian natural gas in Europe could be challenging in short term and it will keep gas prices high, Fitch Ratings said on Friday. Europe imports around 60% of its total natural gas demand, as Russia is supplying about a third of the continent’s consumption – 152 billion cubic meters …

Ukraine’s gas grid warned that flows through Europe could be affected as Russia and illegal armed forces are disrupting operations at a key compressor station. Occupiers are interfering with operations at the Novopskov gas compressor station in the in Luhansk region, Gas TSO of Ukraine said in a statement. The …