The installation of a new regasification module at the LNG terminal on the Croatian island of Krk is nearing completion, with operations expected to begin in October. This upgrade will increase the terminal’s maximum annual capacity, doubling it from 3.1 to 6.1 billion cubic meters of natural gas. An auction for the allocation of these […]
The State Oil Company of Azerbaijan (SOCAR) is set to launch natural gas supply operations in the Albanian city of Korca, marking the first phase of a larger initiative aimed at establishing a comprehensive gas distribution network throughout the city. The project will prioritize support for local businesses and enterprises. Albanian Prime Minister Edi Rama
Albania: SOCAR to begin supplying natural gas to Korca Read More »
In Week 16 of April 2025, Dutch gas prices saw a slight increase, despite the combination of warm temperatures and strong supply from Norway. TTF gas futures for contracts with delivery in May 2025 were slightly higher compared to the previous week but remained consistently below €40/MWh throughout the week. On Thursday, April 14, TTF
In the third week of April, Brent oil futures for the Front Month on the ICE market continued to trade below $70 per barrel. The lowest settlement price was recorded on Tuesday, April 15, at $64.67 per barrel. However, prices increased in the last two sessions of the week, with the weekly maximum settlement price
Representatives from the Government of the Federation of Bosnia and Herzegovina (FBiH), three cantons, and the Brčko District have signed a memorandum of understanding to move forward with the Western Gas Interconnection project, linking Bosnia and Herzegovina to Croatia’s natural gas network. The new pipeline will trace a route from Lika Jesenica through Rakovica and
Region: Bosnia and Herzegovina advances Western Gas Interconnection with Croatia Read More »
In the second week of April, settlement prices for Brent oil futures in the ICE market remained below $70 per barrel. On Tuesday, April 8, these futures reached their weekly minimum price at $62.82 per barrel, the lowest since April 7, 2021. However, a 4.2% increase in prices saw the futures reach their weekly peak
The Serbian Government has approved the creation of a new state-owned company, SPV Banatski Dvor, based in Novi Sad, to manage the expansion of the country’s only underground gas storage facility in Banatski Dvor. The expansion project, which is already in progress, aims to double the storage capacity to enhance Serbia’s energy security, addressing rising
Serbia establishes SPV Banatski Dvor to oversee strategic gas storage expansion Read More »
EU member state representatives have endorsed the EU Council’s revised position on the gas storage regulation, proposing a two-year extension of the current requirement for countries to fill their gas storage facilities to 90% ahead of winter. This move aims to protect the EU from volatile gas prices amid ongoing geopolitical tensions. The extension is
EU member states approve extension of gas storage rules to boost energy security Read More »
Greece recorded a significant increase in natural gas consumption in the first quarter of 2025, with total usage reaching 22.3 TWh, a 35.07% jump from 16.51 TWh in the same period of 2024, according to data released by the country’s gas transmission operator, DESFA. This surge builds on strong growth in 2024, when annual consumption
Greece sees significant rise in gas consumption and LNG imports in Q1 2025 Read More »
The European Union is open to significantly increasing its purchases of liquefied natural gas (LNG) from the United States in an effort to ease tensions with President Donald Trump and potentially prevent new tariffs on EU exports, European Energy Commissioner Dan Jorgensen has indicated. Jorgensen acknowledged that there is room for higher LNG imports from
EU considers boosting U.S. LNG imports to avert tariffs Read More »
