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European gas storage in a global market [Gas in Transition] Jun 14, 2021 7:35:am Summary April was a shoulder month like almost no other: a collision of many factors, outside Europe’s control, could leave the continent under-stocked by the next heating season. [Gas in Transition, Volume 1, Issue 2] by: William Powell Withdrawals from Europe’s gas storage facilities were continuing well into May, more than a month after the injection period would have started in a typical year. This has raised questions about the continent’s state of readiness for next winter and the prospect of higher prices for delivery after October. ....
Gazprom profits collapse in 2020 Apr 29, 2021 10:40:am Summary by: Joseph Murphy Posted in: Gazprom profits collapse in 2020 Net profits at Russia s largest gas company Gazprom slumped to 162.4bn rubles ($2.2bn) in 2020, from 1.27 trillion rubles in the year before, as less gas was sold, and at lower prices, in Europe and other markets. Publishing its financial results on April 29, Gazprom reported a 17% decline in sales revenues to 6.32 trillion rubles, resulting in a 45% decline in operating profit to 615bn rubles. Revenues from gas sales to countries outside the former Soviet Union (FSU) were down 27% at 1.81 trillion rubles, as volumes fell to 219bn m ....
Pipe dreams and net-zero agendas Mar 14, 2021 8:30:am Summary by: Charles Ellinas Pipe dreams and net-zero agendas THE Egyptian Petroleum Minister, Tareq El Molla, in a first visit to Israel on February 21 agreed with his Israeli counterpart, Yuval Steinitz, to work together toward an inter-governmental agreement for the construction of an offshore gas pipeline from the Leviathan gas-field to Egypt’s liquefaction facilities. This came as part of a discussion on ways to boost joint cooperation on energy security in both countries. This visit was preceded by similar delegations of Greek and Cypriot leaders, intended to demonstrate renewed regional ally unity in the light of the forthcoming meetings involving Greece, Turkey, Cyprus and the EU, and US’ evolving role in the region. ....
Dutch Gasunie Sees Income Up, Invests for Transition Mar 5, 2021 10:05:am Summary Profits were up thanks to a reversed tax charge, despite a drop in northwest European gas demand. by: William Powell Dutch state-owned gas infrastructure operator Gasunie saw annual revenue rise €94 ($112)mn to €1.372bn in 2020, with higher income from the commissioning of the German Eugal pipeline, which it part owns. Carrying Nord Stream gas south from Greifswald, it shifts gas flows in Germany leading to more demand for capacity in Gasunie s German. Posted in: ....