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EUs von der Leyen Pitches Temporary Gas Price Caps to EU Leaders - Letter

EU's von der Leyen Pitches Temporary Gas Price Caps to EU Leaders - Letter

The European Union should consider imposing a temporary limit on gas prices and also look at a specific cap on the cost of gas used to generate power, European Commission President Ursula von der Leyen said in a letter sent to EU country leaders on Wednesday

Hermes Well Results and Next Drilling Targets

Hermes Well Results and Next Drilling Targets

Energean plc is pleased to announce that the Hermes exploration well has made a commercial gas discovery of between 7 and 15 bcm and that the Stena IceMax drilling rig has moved to block 12 to drill the Zeus structure. The Hermes exploration well, block 31, offshore Israel, has made a commercial discovery. Preliminary estimates

Spains Enagas Mulls Buying Stake in Albanias Albgaz

Spain's Enagas Mulls Buying Stake in Albania's Albgaz

Spain's natural gas transmission company Enagas said it is considering the purchase of an equity stake in Albanian peer Albgaz, without disclosing the targeted interest

Corrosion May Prove Problem for Nord Stream Pipes

Corrosion May Prove Problem for Nord Stream Pipes

Pipe corrosion could prove a problem for the sub-sea section of the Nord Stream pipeline if sea water penetrates the infrastructure, potentially leading to leakages in the future, according to Gal Luft, the co-director of US-based Institute for the Analysis of Global Security on Monday

Poland to Use Lithuanias LNG Terminal

Poland to Use Lithuania's LNG Terminal

Poland's PGNiG secured a 10-year deal to allow regasification at the Lithuanian LNG terminal, PGNiG announced on Friday

Energean Bumps Up Abu Qir Output

Energean Bumps Up Abu Qir Output

Energean has started up a new well on its Abu Qir concession, in Egypt. Abuqir Petroleum, a joint venture of Egyptian General Petroleum Corp. (EGPC) and Energean, has completed a new sidetrack, the NA/Q-PII#6 ST

Small-Scale LNG Carrier Delivers Cargo to Croatian FSRU

Small-Scale LNG Carrier Delivers Cargo to Croatian FSRU

The 30,000-cbm small-scale LNG carrier, Ravenna Knutsen, has delivered the 42nd cargo to the FSRU-based Krk import facility in Croatia since the launch of operations in January last year, according to state-owned terminal operator, LNG Croatia

Brent Loses Nearly 5% As Rising Dollar Axes Demand

Brent Loses Nearly 5% As Rising Dollar Axes Demand

The price of Brent oil decreased almost 5% on Friday as the rising value of the US dollar repelled buyers from dollar-indexed oil, and interest rate hikes by major economies triggered demand uncertainty

Romania to Continue Fuel Support Scheme for 3 Extra Months

Romania to Continue Fuel Support Scheme for 3 Extra Months

The scheme that was launched in July to reduce the price of gasoline and diesel and was set to end in September will be extended for another three months, the coalition government has decided