Spanish operator Enagás increases profit even as gas demand falls in Spain and targets German LNG investment
Enagás, the Spanish natural gas operator of six large LNG terminals and with gas assets in other European countries and overseas, reported an increase in first-quarter 2024 earnings even as gas demand in Spain declined because of warmer weather.
Equinor plans approved for three projects including fast-track pipeline gas for UK in competition to LNG
Norway’s Equinor has received approval for the development of three more fields in the Norwegian Continental Shelf to supply Europe, including the fast-track Irpa natural gas field to supply several million UK households with gas for seven years in competition to LNG cargoes.
Germany nationalises former Gazprom Germania and Poland takes over section of Yamal-Europe pipeline
Germany has now nationalized a former subsidiary of Russian natural gas company Gazprom that had already been taken control of by the German authorities in April as part of sanctions and energy security measures after Russia’s invasion of Ukraine.
Algeria state energy company and LNG producer Sonatrach signs $4Bln gas development deal to supply EU
Algerian national energy company and LNG producer Sonatrach said a contract worth $4 billion had been signed relating to supplying the European Union with natural gas through further development along with European and US oil and gas majors of blocks 404 and 208 of the Berkine Basin in Eastern Algeria.
