Transgaz has reached an agreement with Gazprom to terminate a contract that was valid until the end of 2023 and that allowed Gazprom to use one of Transgaz’s transit pipelines to send gas to countries in Western Europe.
Hungary and Romania agreed that once the Black Sea gas exploration starts, the capacity of the pipeline would increase from 1.75 bcm to 4.4 bcm, opening the way for Romanian gas to reach European markets via Hungary.
South-Eastern Europe combines coexisting strategic interests by all major superpowers - the US, the EU and China - which raise the question of whether energy generates security dilemmas or rather cooperation in the region.
Shell’s recently published Powering Progress strategy forecasted a gradual reduction in oil production of around 1-2% each year and accordingly a shift towards becoming a provider of net-zero emissions energy products.
The Storage System Operator of Ukraine and the Ukrainian Energy Exchange have signed an agreement on cooperation, which provides customers of storage services of natural gas with standardised products for exchange trade of natural gas.
Already more than 25% of natural gas imported by PGNiG from abroad is LNG. In the coming years, the imports of LNG will also increase due to the expansion of the Świnoujście terminal and the supply from American producers.
A section of the GIPL gas interconnection project has been laid between Lithuania and Poland. The works have been performed in winter in accordance with the environmental requirements not to disturb the bird population who will nest in spring.
At the opening ceremony of the Krk LNG terminal, Hungarian Foreign Minister Péter Szijjártó underlined that the new terminal is a historic opportunity for Hungary and other countries of the region to access the global LNG market.
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