China is consistently pursuing its energy transition and has just signed a new supply contract for Qatari liquefied natural gas.
Germany and Austria are not the only ones lobbying for the Russian gas pipeline. The Dutch government has also been supportive of the Russians.
PGNiG Upstream Norway will buy all assets on the Norwegian Continental Shelf of the INEOS Group, which includes 22 production licences and an interest in the Nyhamna terminal.
In 2020, the PGNiG Group earned revenue of approximately PLN 39.2bn. Its EBITDA came in at PLN 13bn, EBIT reached PLN 9.59bn, and net profit was PLN 7.34bn.
The forecast shows that global trade in liquefied natural gas (LNG) increased to 360 million tonnes in 2020. This is enough to power 725 million households.
The EU Court of Justice’s advocate has upheld the EU court decision on OPAL, the onshore extension of the Nord Stream pipeline.
Work to lay Gazprom’s gas pipeline to Germany in Danish waters is due to start in late March. The mainline is expected to be ready by September’s end.
The Russian company increased its gas supplies to Europe by almost 30 percent in the first period of 2021.
In 2020, Nord Stream AG transported 59.2 billion cubic metres (bcm) of natural gas to consumers in Europe through the Nord Stream Pipeline.
Two American companies have signed a memorandum of understanding with the Albanian government to prepare a feasibility study for an LNG terminal to be built in the port of Vlora.