Europe energy in brief

Table of contents

• Gazprom books 15 mcm/d of firm capacity via Ukraine on top of the 110 mcm/d under the long-term agreement, but no additional interruptible capacity is booked.
• Nord Stream 2 pipelay tracker
• Azerbaijan’s Shah Deniz Phase One gas exports to Turkey suspended as contract extension talks continue
• UK North Sea Transition Deal: setting the course for a net zero basin
• Nord Stream 2 pipelay tracker
• Nord Stream 2 pipelay tracker
• TPAO spuds new Black Sea exploration well near world-class Sakarya discovery
• Q1 Norwegian exports down 4% YoY from 2020
• Europe LNG send-out rebounds strongly in March
• Nord Stream 2 pipelay tracker
• Developments in German gas storage
• Nord Stream 2 pipelay tracker
• Total, Eni, acquire leading biogas producers
• Nord Stream 2 pipelay tracker
• Gazprom makes good use of it's European storage capacity
• BP planning UK’s largest blue hydrogen project
• Germany appeal European Court of Justice ruling on OPAL
• Nord Stream 2 pipelay tracker
• Ukraine targets gas self-sufficiency by 2030
• Nord Stream 2 pipelaying work progresses in the Baltic Sea
• Gazprom-Transgaz Romanian transit contract termination
• Gazprom’s winter – Ukraine transit and storage withdrawals provided flexibility
• Fluxys sanction 6 mmtpa capacity expansion at Zeebrugge terminal
• Curtailed gas demand in 2020 leaves Gazprom piped deliveries to Europe at lowest levels since 2015
• Ukraine grants Naftogaz offshore Black Sea blocks without competition
• Nord Stream 2 pipelaying resumes as sanctions pressure ratchets up
• Vermillion Energy emphasises European gas investment in 2021 budget
• Robert Morris, 20 January 2021
• Norway's carbon tax set to rise fourfold
• Croatia becomes Europe’s latest LNG importer with arrival of first LNG carrier
• Southern Europe to receive new gas and LNG flows in New Year
• Edward Gomersall, 21 December 2020
• UK launches energy white paper, plotting path to net-zero emissions future
• Edward Gomersall, 18 December 2020
• Denmark sets 2050 as end date for oil and gas production
• UK's fourth– and biggest– field of 2020 comes onstream
• TAP start-up marks the completion of Europe’s Southern Gas Corridor
• World’s biggest LNG bunker vessel fuels largest LNG powered ship at Europe's busiest port
• Uniper's failed open season boost to Germany's other planned LNG import terminals
• One-year delay for start-up of Denmark's largest field
• Equinor sets net-zero 2050 ambition
• Norway’s 4.1-mmtpa LNG plant to be shutdown for one year, following fire
• Poland continues its diversification efforts with new gas supply contracts
• Qatar to hold ~40% of UK regas capacity after securing 7.2 mmtpa in Isle of Grain open season
  • For more information and analysis, please see our Inform
• Trans Adriatic Pipeline (TAP) construction completes, commissioning close
• The new gas year reshuffles price dynamics in Southern Europe
• Norway LNG plant could be out for a month after rare fire
• Partners at Romania’s Midia Gas Development reach another key milestone
• Gazprom books additional transit capacity through Ukraine
• Emissions targets sees Equinor move towards full electrification of Snohvit LNG
• Closing the gap - technology for a net zero North Sea
• Hungary signs first LNG contract
• Biomethane in the European gas market
• Turkey announces biggest ever gas find in Black Sea
• EU backs LNG in transport to meet Green Deal goals
• The Russian pipeline maintenance month is over – and Ukraine transit has not flexed up
• Gazprom uses European gas storage to maintain supply
• Chevron strengthens East Med position with Nobleacquisition
• Poland looks to create national energy champion with PGNiG takeover
• EDF makes upward revision to French nuclear availability – risking 4 bcm of gas demand
• Trans Adriatic Pipeline (TAP) gains schedule flexibility with exemption extension
• Coronavirus: impact on European gas markets (week 16)
• Hungary’s gas plan for the 2020s: diversify supplies and continue to rely on Russia
• Ukraine TSO announces unusually long summer maintenance
• Coronavirus: impact on European gas markets (week 14)
• Gazprom hopes to defend market share with Greece contract first
• Coronavirus: impact on European gas markets (week 12)
• Italy LNG send-out lifts as coronavirus restrictions relax
• Croatia LNG terminal receives boost with short-term capacity reservations
• Curtailed French nuclear eases pain of coronavirus-hit gas, power markets
• Nord Stream 2 - subject to EU gas market rules?
• UK summertime blues: coronavirus pushes gas market to deadlock
• Could French regasbecome fully booked?
• European gas storage: record inventory in place further weakens summer market
• Italy LNG imports suffer as coronavirus constricts consumption
• Poland-Russia contract dispute: arbitration axes oil linkage, orders $1.5 billion payout
• Greece regas booked, but coronavirus concerns cancel equity sale
• Coronavirus: impact on Italian gas demand
• EU firms up net-zero emissions ambitions
• Weak Lira hits Turkish gas demand, imports in 2019, but LNG up
• Qatar Petroleum secures EVEN MORE European LNG capacity
• UK’s South Hook to expand capacity ahead of Golden Pass start
• Gazprom’s own brand spot sales reach historic high
• France price premium attracts Spanish flows
• Warm winter start threatens gas demand
• French LNG terminals weather strike storm
• TurkStream and EUGAL commissioning transforms CEE gas dynamics
• LNG imports hit record levels in most European markets in 2019
• EastMed pipeline participants retain ambitions for 2022 FID following non-binding supply deal
• Gazprom, Naftogaz reach gas transit agreement – with a day to spare
• Danish utility Ørsted sells LNG business to trader Glencore
• European Green Deal announced– Europe's ‘man on the moon' moment
• Fully-booked capacity at Montoir demonstrates high demand for Europe regas
• Storage utilisation at low levels despite record inventory
• PGNiG plans to expand small-scale LNG offering
• Ceremony marks full completion of TANAP pipeline – the heart of Europe’s Southern Gas Corridor
• Spain’s PVB trades at historic lows
• Ukraine’s first LNG cargo arrives in Poland
• Final furlong for fossil fuel financing?
• UK government ends support for fracking in England
• Nord Stream 2 receives Danish construction permit
• Where next for European gas storage?
• Turkey sends drill ship to disputed waters
• Romania could take stake in new Greece LNG importing terminal
• Sonatrach, Naturgy to jointly own Medgaz pipeline
• One month after OPAL restrictions, why is Nord Stream still flowing at capacity?
• UK offshore wind is subsidy-free(!)
• 24 hours of turbulence add to winter uncertainty
• French Engie sells off Shah Deniz gas contract to Shell
• Groningen gas production to stop in 2022
• Russian LNG threatens Russian piped gas market share in Estonia
• Qatar takes all of Belgium's regas capacity ahead of LNG expansion
• CEE countries diversify their gas imports: a side-effect of global LNG over-supply
• Another European utility targets E&P exit
• European gas storage – filling up fast!
• Europe top destination for US, Russia's Yamal LNG in H1
• Russian exports: summer maintenances highlight need for continued Ukraine transit
• Cyprus LNG import plans progress
• Petronas latest to sell European regas infrastructure
• TANAP and TAP milestones maintain Southern Gas Corridor momentum
• Pavilion Energy takes over Iberdrola's LNG business
• Enel-Sonatrach contract extension to 2027 sees volumes halved
• Poland increases Norwegian exposure, US LNG offtake
• Turkey's newbuild FSRU on the water
• Bulgaria accesses cheaper gas through LNG imports
• German onshore tender undersubscribed as wind additions slump in 2019
• Eni-Sonatrach contract extension sees up to 30% ACQ reduction
• Opportunity for gas as low rainfall curbs hydro
• Bulgaria pipeline construction imminent – completion schedule remains at risk
• Algeria pipeline flows collapse
• Carbon bull run supports coal-free Easter Weekend
• Baltic small-scale market targeted by start-up of NOVATEK LNG plant
• Baltic LNG dealt blow as Shell exits Gazprom project
• Ukraine takes important step towards gas transmission unbundling
• A year after record lows, winter's end sees close to record high storage inventories
• Nord Stream 2 encounters another hurdle
• Expansion, divestment and state support – a regas round-up
• Increasing utilisation triggers possible Netherlands LNG capacity expansion
• UK backs offshore wind through the 2020s
• European gas storage utilisation drops sharply in February
• Groningen — to shut in as early as 2024?
• Germany LNG import plans progress
• EU reaches agreement to regulate Nord Stream 2
• UK's first fracking site reports stable flows of 0.1 mmcfd
• Croatia to become Europe's latest LNG importer following FID
• Spanish hydro reserves accumulate, but still run short of 5-year average
• The UK makes largest gas find in a decade (for the second time in 4 months)
• ExxonMobil backs German LNG project with non-binding capacity booking
• Gazprom offers day-ahead gas through its online auction, builds on 2018 progress
• Did 2018's end see Europe catch the start of the much-awaited LNG over-supply?
• Trans Adriatic Pipeline (TAP) completes project financing
• Gazprom contract under threat as Poland cements gas, LNG deals
• FSRU sees Russia become LNG importer as well as exporter
• Norway's Aasta Hansteen field comes onstream
• Europe regas developments highlight different needs
• Interconnector Greece-Bulgaria (IGB): European Commission approves funding
• Implementation of France gas zones merger highlights wider gas and LNG impact
• Ukraine transit remains key to compensate for Nord Stream maintenances
• RWE capacity booking provides momentum to German LNG terminal
• Is coal-to-gas switching in the European power sector still out of reach?
• France's single gas hub on track for 1 November start
• Poland ramps up LNG importsas end of Russian piped contract looms
• WTO ruling backs EU on Third Energy Package dispute with Russia
• Lire devaluation shuts in Turkish power production
• Gazprom breaks export record... again
• Romania's new offshore law aims to increase revenue, boost energy independence
• Poland signs long-term contracts for US LNG to replace Russian piped gas
• Cyprus plans to commission FSRU by 2020
• TANAP section hits commissioning stage on time, under budget
• Expectations of market tightening swing carbon price sentiment
• Spain hopes for increased use of LNG facilities through law change
• Gazprom's pragmatic capitulation in EC antitrust ruling
• The wind of change blows through Poland's power mix
• AlexandroupolisLNG terminal delay
• Germany awards second round of offshore wind: one more step towards transition
• France introduces new storage tariffs
• Challenging market conditions test the resolve of large gas generators
• Snam, Enagas and Fluxys win DESFA bid
• Total confirms energy market ambitions with Direct Energie deal
• Northwest Europe regas terminals come out of hibernation
• Further Flamanvilleconstruction issues may push up cost, delay start
• Belgium to phase out nuclear generation by 2025
• Edison to spin off oil and gas unit
• Europe's largest gas field to shut-in by 2030
• Poland delivering new coal-fired power as decarbonisation slips
• European gas storage eaten up by the 'Beast from the East'
• How reliant is the UK on Russian gas and how quickly can it attract LNG?
• E.ON-RWE deal on Innogy: a tale of two utilities
• Germany's new coalition raises the bar on energy transformation
• Did coal just rescue the UK gas market?
• The Rain in Spain - continued
• DESFA sale moves forward
• Gazprom to end Ukrainian transit contract
• Yamal LNG - is Europe just a stopover?
• Could Eni's discovery in Cyprus spur further interest in the proposed East Mediterranean Gas Pipeline?
• EdF proposes nuclear shutdowns from 2029
• Dutch governmentadvised to cut Groningen production by45%
• Dortyol FSRU – waiting to connect
• Coalition talks in Germany push forward renewable ambition
• Groningen field facing further production cuts
• Norway revises gas production estimates up to 2022
• French regulator approves TSO’s 2018 investment plans, looking forward to the single gas market
• Russia's gas exports to Europe set to continue at record levels in 2018
• An update on Gazprom vs Naftogaz
• Algeria Southwest Phase 1 gas onstream before Christmas
• Gas Explosion at the Baumgarten gas hub
• UK gas marketproves resilient
• Forties Pipeline System shutdown restricts UK associated gas production
• EDF to invest in thesecond transition of French power
• LNG re-exportssurge on high Asian prices
• ARA coal price to remain buoyant through winter
• French players reshuffle the cards on LNG
• Europe on the cusp of ETS post-2020 agreement
• France delays 50% nuclear target beyond 2025
• European Gas Storage Inventory well above average in 2017
• How bright is the future of nuclear power in the UK?
• Scotland says no to unconventional oil & gas
• Hansa Hydrocarbons confirms big Ruby discovery, offshore Netherlands
• Centricaconfirmsapproval to deliverRough cushion gas
• Gazprom’s gas production up 54 bcm in first 3Q
• Gazprom set to export record levels of gas to Turkey
• Algeria Breakfast Briefing and positive news for Algerian gas supply
• Storage plays key role during Nord Stream maintenance
• London Gas, LNG and Power forum 2017: beyond the market consensus
• UK Contracts for Difference results – wind bids breeze under nuclear
• Statoil's Korpfjell underwhelms in the southeast Barents
• Statoil's End if the ICE age? Europe's shift from oil to electric-powered vehicle
• Russian finance powers new nuclear in Hungary
• Russian Gazprom retains 33% market share in Europe, Turkey H1 2017
• Will French nuclear output recover from last winter's outages as new safety probe is announced?
• Statoil ups ante in world's largest offshore wind farm
• New US sanctions against Russia signed into law
• Spain ramps up renewables development with 8 GW of projects awarded this year
• Algerian gas flows down as Southern Europe demand strengthens
• Gazprom likely to boost Nord Stream flows following OPAL court ruling
• Imports at record low as UK receives first US LNG cargo since 1960
• Gazprom flows rise 11% to Northwest Europe in H1 2017
• Qatar targets 100 mmtpa LNG exports
• Statoil increases Troll production cap
• US LNG navigates to northern Europe
• German gas plants gain advantage over coal, but both still struggle against renewables
• Spanish hydro reserves hit record low forcing greater gas demand
• Rough closure – UK caught short
• Turkey accelerates FSRU development
• UK backs out coal while wind and solar share reaches new high
• DONG Energy delivers on offshore wind
• Groningen production set to fall again
• Nord Stream 2 financing scheme announced
• Algeria focused on maintaining European gas exports
• Libya gas field shut-in disrupts Italy exports
• Further problems for European gas storage in Germany, Austria, UK
• Green light for Denmark North Sea development
• Subsidy-free offshore wind blows into Europe
• Power supply highlights Q1 2017
• Liberalisation of the Latvian gas market
• Russia, Belarus settle gas price dispute
• Continued progress towards agreement on ETS strengthening
• European Commission publishes Gazprom commitments in antirust case
• Gas storage operators warn of closures
• Is populism waning in Europe?
• Ambitious ETS reserve measure receives backing but still has hurdles to clear
• UK power capacity auctions deliver little new supply
• Nuclear supply concerns not restricted to France this winter
• Gazprom reduces OPAL flows
• Innovative deals and near-field exploration result in positive start to 2017 in UK, Norway
• Denmark gas field closure

Tables and charts

This report includes 145 images and tables including:

• Ukraine transit utilisation (daily)
• Russian pipelaying track since the start of April (Fortuna, Akademik Cherskiy)

What's included

This report contains:

• Europe energy in brief

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