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Naftogaz Group and Siemens Energy to jointly modernise Ukrainian UGS

Naftogaz Group signed several MoUs with Siemens Energy focused on the implementation of innovative technologies in the operation of Ukraine's UGS facilities, with a focus on decarbonisation and efficiency improvements and new combined heat and power production projects.

Global oil demand is still forecast to be higher in 2030 than in 2023, IEA report finds

Despite the slowdown in growth, global oil demand is still forecast to be 3.2 million barrels per day higher in 2030 than in 2023 unless stronger policy measures are implemented or changes in behaviour take hold, says the IEA.

Petrobrazi to become first major producer of sustainable fuels in the region

OMV Petrom will invest approximately 750 million euros at Petrobrazi to transform the refinery into the first major producer of sustainable fuels in the region.

Implementation of the Vertical Corridor officially launched in Bulgaria

Two main contracts for the construction of the Vertical Corridor were signed in Bulgaria, namely for the loopings Kulata-Kresna and Rupcha-Vetrino.

GAZ-SYSTEM obtains permit to build the Wężerów-Przewóz gas pipeline

The Voivode of Małopolska approved the building permit for the Polish gas transmission company GAZ-SYSTEM to construct the Wężerów-Przewóz gas pipeline.

MET Group interested to acquire majority stake in Baltic’s leading producer of nitrogen fertiliser

MET Group is interested in acquiring 54.07% of the shares in Achema Group, the Baltic’s leading producer of nitrogen fertiliser and chemical products.

ORLEN Group increases gas production in Norway

PGNiG Upstream Norway of ORLEN Group has bought an additional 19.5 per cent stake in the Eirin gas field from Equinor Energy.

Hungary to acquire stake in major gas field in Azerbaijan

Hungary will acquire a stake in Azerbaijan's Shah Deniz gas field, one of the largest in the world, the Hungarian Minister of Foreign Affairs and Trade said in Baku. Péter Szijjártó underlined that the historic agreement will place Hungary's natural gas supply security in an entirely new dimension.

Romania’s Ministry of Energy and Transgaz sign €7 million contract for gas supply of Mintia Power Plant

Romania's Minister of Energy and the Director-General of Transgaz signed a financing contract for the construction of the gas transmission pipeline to supply the Mintia Power Plant.

Azerbaijan and Türkiye extend natural gas supply deal up to 2030

BOTAS, SOCAR and Azerbaijan Gas Supply Company (AGSC) agreed on a natural gas supply deal.

Poland’s gas sector is fully diversified but more investments are needed, Deputy Minister says

Poland's Deputy Minister of Climate and Environment, Krzysztof Bolesta underlined that Poland has completely stopped importing Russian oil, diesel and gasoline and the Polish gas sector is also fully diversified.

TurkStream must remain a secure and reliable route for gas deliveries, Hungarian minister says

Hungarian Minister of Foreign Affairs and Trade, Péter Szijjártó said Hungary and Bulgaria have a close alliance on the security of natural gas supply and the use of nuclear energy as well.

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