Sunday, February 17, 2019

Eastern Europe News

EIA: Azerbaijan Surges in Natural Gas

Graphics: U.S. Energy Information Administration

Azerbaijan is an important supplier of crude oil and natural gas in the Caspian Sea region, particularly to European markets, the US Energy Information Administration said in its report.The EIA’s report notes that Azerbaijan’s exports…

MOL, Total Make Refueling Europe Easier

Pic: MOL Group

Japanese logistics giant Mitsui O.S.K. Lines (MOL) and French multinational integrated oil and gas company Total S.A. signed an agreement which will make travelling across Europe easier for their corporate customers.The agreement…

Polskie LNG Gets Permits for Terminal Expansion

Image: Polskie LNG SA

Polish LNG terminal operator Polskie LNG has obtained a set of environmental and location decisions for all projects implemented under the LNG Terminal Expansion Program.The environmental permits are final, while the decisions issued…

Polskie LNG Begins LNG Terminal Expansion Program

Graphics: Polskie LNG

Polskie LNG, the owner and operator of LNG terminal in Poland published the contract notice that officially commences the tender procedure with the view to select the contractor for the expansion of LNG terminal in Poland, Świnoujście.These…

U.S. Calls on Hungary and Neighbors to Shun Russian Gas Pipelines

U.S. Energy Secretary Rick Perry called on Hungary and its neighbours to reject Russian gas pipelines which Washington says are being used to cement Moscow's grip on central and eastern Europe.Energy diversification would be crucial for the region…

Poland Aims 8 GW of Offshore Wind

Image: @WindEurope

Poland has announced ambitious plans to develop 8 GW of offshore wind by 2035 and the country is working on laws that could support this project.Polish State Secretary for Energy Grzegorz Tobiszowski said the country has the potential…

Europe Power: Spot Prices Down as Wind Supply Rises

© Christian Schwier / Adobe Stock

European prompt power prices fell further on Wednesday from high levels, as the prospect of higher wind power supply overrode some thermal plant losses.German baseload power for Thursday delivery dropped by 12.3 percent to 62.3 euros ($72.03) per megawatt hour (MWh).

Russia's First Sea-borne Nuclear Power Plant Arrives in Arctic

Akademik Lomonosov (Photo: Rosatom)

Russia's first-floating nuclear power plant arrived in the Arctic port of Murmansk over the weekend in preparation for its maiden mission, providing electricity to an isolated Russian town across the Bering Strait from Alaska.The state company behind the plant…

Ukraine to Offer Gazprom Discounted Transit Fees

Ukraine will offer Gazprom discounted fees for natural gas transit to ensure a flow from Russia to Europe after 2020, European Commission Vice President for Energy Union Maros Sefcovic said on Friday.Russia's Gazprom and five European companies, with German backing, plan to build the

Cryptocurrency May Light Up Renewable Energy in Moldova

© Dmitry Volochek / Adobe Stock

Moldova, a small, landlocked country in eastern Europe, imports three-quarters of its energy and has seen its energy prices rise by more than half in the past five years.But that could soon change, according to the United Nations Development Programme (UNDP)…

DNV GL Taps Oudman as Regional Manager

Ben Oudman (Photo: DNV GL)

As the global energy transition in the oil and gas industry marks significant changes to come, regional adaptions will pose a broad variation of challenges and opportunities. DNV GL – Oil & Gas has appointed Ben Oudman as Regional Manager for Continental Europe…

BMT and MSI in Joint Alexandroupolis FSRU Terminal Project Award

Photo: BMT

BMT and Metocean Services International (MSI) have been jointly awarded a contract by Gastrade to deploy an Environmental Monitoring System (EMS) and develop metocean criteria to be utilized for the design of the offshore moored FSRU and the subsea pipeline to shore.

Sir Bob Reid Joins Belltree Board

Sir Bob Reid (Photo: Belltree)

Sir Bob Reid is to take up a new role as nonexecutive director of Belltree, a specialist oil and gas consultancy based in Edinburgh. The former chair and chief executive of Shell UK will advise and support Belltree with its continued growth into international markets.

Turkmenistan Considers Shipping Gas Through Russia to Europe

Turkmenistan may ship natural gas to Eastern Europe through Russia, a senior Turkmen energy official said on Thursday, after Moscow stopped buying gas from the Central Asian nation. Russia's halt on imports of its energy has effectively…

$500 Mln Loan Approved for TANAP Gas Pipeline Project

The board of the European Bank for Reconstruction and Development (EBRD) has approved a $500 million loan for the Trans-Anatolian Natural Gas Pipeline (TANAP), the largest part of a $40 billion project to bring new gas supplies to Europe.

MET International Plans to Boost LNG Trades

Switzerland-based MET International AG plans to boost its liquefied natural gas (LNG) trades in Europe by 50 to 100 percent next year, the company's chief executive said on Tuesday. Gyorgy Vargha said that while the company had traded one cargo…

Hungary Joins Gazprom Pipeline, as Trump Touts US LNG

Hungary signed a deal with Russia's Gazprom to link the country with the Turkish Stream pipeline by end-2019 on Wednesday, a day ahead of President Donald Trump's trip to Poland, where he is expected to promote U.S. LNG exports.

Trump to Promote US Natgas Exports in Russia's Backyard

President Trump (File photo: Gage Skidmore)

President Donald Trump will use fast-growing supplies of U.S. natural gas as a political tool when he meets in Warsaw on Thursday with leaders of a dozen countries that are captive to Russia for their energy needs. In recent years…

EUROPE POWER: Spot slides on increased wind

European spot electricity prices for day-ahead delivery fell on Monday, pressured by increased wind power supply, while the June and July contracts gained on a warm and dry weather forecast. * The German baseload spot power price…

Germany Backs Carbon Price in EU Emissions Push

Germany will back a plan to strengthen carbon prices, a senior official said on Tuesday, ahead of a meeting of European Union environment ministers on balancing the needs of industry with cutting emissions in reforming the carbon market.