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Ukraine Receives Its First Shipment of American LNG via Greece

Ukraine Receives Its First Shipment of American LNG via Greece

Τρι, 7 Ιανουαρίου 2025 - 19:33

Ukraine received its first shipment of liquefied natural gas (LNG) from the United States on December 27, marking a crucial step in diversifying its energy sources. This delivery comes as the country prepares to let a long-standing agreement on Russian gas transit to Europe expire. DTEK, Ukraine’s largest private energy company, confirmed that approximately 100 million cubic meters of LNG were delivered to a Greek regasification terminal in the Mediterranean before being transported via pipeline to Ukraine

Cyprus: Gas Drilling Scheduled for Mid-January

Cyprus: Gas Drilling Scheduled for Mid-January

Σαβ, 4 Ιανουαρίου 2025 - 15:47

ExxonMobil has announced that its Stena IceMax drillship will commence exploratory drilling in mid-January at the 'Electra' site within Block 5 of Cyprus' Exclusive Economic Zone (EEZ), according to Energy Minister George Papanastasiou. "The geological formations at 'Electra' show promise," Papanastasiou told CNA

Italy Calls for EU Gas Price Cap at 60 Euros per Megawatt Hour

Italy Calls for EU Gas Price Cap at 60 Euros per Megawatt Hour

Παρ, 3 Ιανουαρίου 2025 - 19:01

The European Union should extend its emergency cap on gas prices and set a ceiling of 60 euros per megawatt hour to prevent a possible energy price shock, Italy's Energy Minister Gilberto Pichetto Fratin said on Friday

Trump Threatens EU With Tariffs Over Oil and Gas Imports

Trump Threatens EU With Tariffs Over Oil and Gas Imports

Παρ, 20 Δεκεμβρίου 2024 - 17:50

U.S. President-elect Donald Trump said on Friday the European Union should step up U.S. oil and gas imports or face tariffs on the bloc's exports that include goods such as cars and machinery. The EU already buys the lion's share of U.S. oil and gas exports, according to U.S. government data. No extra volumes are currently available as the United States is exporting at capacity, but Trump has pledged to further grow the country's oil and gas production

EU to Grant 25 Mln Euro for Krk LNG Terminal Capacity Boost

EU to Grant 25 Mln Euro for Krk LNG Terminal Capacity Boost

Παρ, 20 Δεκεμβρίου 2024 - 17:40

LNG Hrvatska (LNG Croatia), the operator of the country's liquefied natural gas (LNG) terminal on Krk island, will receive a grant of 25 million euro ($26 million) under the European Union-sponsored national Recovery and Resilience Plan (RRP) for a planned capacity increase, the Croatian economy ministry said

OPEC Makes Fifth and Biggest Cut to 2024 Oil Demand Growth Forecast

OPEC Makes Fifth and Biggest Cut to 2024 Oil Demand Growth Forecast

Τετ, 11 Δεκεμβρίου 2024 - 18:29

OPEC cut its 2024 global oil demand growth forecast for a fifth straight month on Wednesday and by the largest amount yet, a series of downgrades that highlights China's sputtering role as the world's demand growth engine