Tag Archives: Europe

Turkey Ready to Expand Gas Exports to EU but Wants Demand Guarantee

Turkey is prepared to increase its natural gas exports to the European Union, provided the EU offers long-term commitments to justify the necessary infrastructure investments, Energy and Natural Resources Minister Alparslan Bayraktar said Tuesday. The EU is striving to secure alternative gas sources to replace Russian supplies that transit through …

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European Reliance on Russian Gas Persists despite Sanctions

A British business that trades in Russian liquefied natural gas (LNG) by operating an “unusual ship”, has not been breaching the sanctions put in place after the Russian invasion into Ukraine. An investigation by Sky News revealed that one of the largest owner-operators of liquefied gas vessels, Seapeak, has its …

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Shell to Temporarily Halt European Biofuels Project

Shell will pause on-site construction work at a biofuels plant in Rotterdam amid weak market conditions, the supermajor said on Tuesday, as international oil firms continue to re-evaluate their low-carbon energy projects. Shell’s subsidiary Shell Nederland Raffinaderij will temporarily pause on-site construction work at its 820,000 tons-a-year biofuels facility at …

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Europe’s Shift from Russian Gas to Pricey LNG

When the EU bombarded Russia with sanctions following the invasion of Ukraine back in 2022, gas was in the spotlight. Russia was the continent’s biggest supplier, and it was about to stop being that. At the time, the dominant mood in Europe was confidence—that even if Russia were to turn …

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Europe’s Natural Gas Prices Rally amid Supply Concerns

European benchmark natural gas prices rallied on Wednesday and early Thursday amid growing supply concerns and forecasts of lower wind power generation later this week. The Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, hit on Wednesday their highest level since January after Austria’s OMV warned the …

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