Oil & Gas

The gas transmission operators of Bulgaria, Romania, Hungary and Slovakia said that the project could transport up to 5 billion cubic metres (bcm) of natural gas per year through their integrated gas transmission networks in a short time and with minimal improvements to the existing infrastructure.

Ukraine’s oil and gas company Naftogaz is increasing gas production in the Western part of the country with the use of new technologies and equipment.

The dramatic appetite of Europe for liquefied natural gas (LNG) in order to replace Russian pipeline gas imports has tightened global markets, according to the latest IEA market report which forecasts that Europe’s LNG imports will increase by over 60 billion cubic metres (bcm) this year.

October 1 is set to be the first day of operation for the latest gas interconnector in Europe: the Baltic Pipe. To grasp the importance of this development, the new pipeline is analysed from economic, environmental and security perspectives.

The ORLEN Group has opened two more service stations in the Western part of Slovakia, raising the total number of its outlets in the country to 26.

There are currently two gas leaks in Swedish waters, a larger leak above North Stream 1, and a smaller leak above North Stream 2, according to the Swedish Coast Guard. Two leaks have also been reported in Danish waters.

Russia's energy giant Gazprom warned that it could impose sanctions on Ukraine’s state-owned oil and gas company, Naftogaz in retaliation for a recent arbitration claim. European gas prices surged over fears that all Russian gas flows via Ukraine could be halted.

The Baltic Pipe natural gas pipeline was officially inaugurated today creating a new gas supply corridor on the European market. The pipeline, which will transport natural gas from the Norwegian shelf via Denmark and through the Baltic Sea to Poland opens in a crucial period supporting the EU's efforts to diversify away from Russian gas.

The Danish national transmission system operator, Energinet notified the gas market that the Baltic Pipe gas pipeline can be commissioned at full capacity from the end of November 2022, more than one month ahead of schedule.

Greece’s Minister of Environment and Energy, Kostas Skrekas announced that the country’s domestic natural gas consumption in September was 40% less compared to last year.

PGNiG and Equinor Group have concluded gas sales agreements to supply natural gas from the Norwegian Continental Shelf for a total volume of 2.4 bcm per year, for 10 years.

Hungary's State Secretary for Energy and Climate Policy, Attila Steiner said that although recent infrastructure developments granted access to alternative gas supplies, Hungary is still largely dependent on Russian gas. However, the government is tabling a "masterplan" that aims to provide secure, sustainable and affordable energy to Hungary, a project list worth 16 billion euros is already on the table.