Russian natural gas giant Gazprom, seeking an outlet for supplies previously delivered to Europe before the Ukraine invasion, has signed an accord with Iran to supply the Gulf nation with pipeline gas from Russia.
Shell plc is continuing with its pull-out from the Russian oil and gas industry as part of sanctions over Ukraine and has how divested its 50 percent stake in the large Salym project in Western Siberia after divesting its main Sakhalin LNG stake in 2022.
The European Union Agency for the Cooperation of Energy Regulators (ACER) said it planned to publish its own price assessment for LNG in Europe to replace the Dutch Title Transfer Facility (TTF) market price in a move seen as seizing control of prices and interfering with free markets.
Royal Vopak, the Netherlands-based global storage company with four stakes in liquefied natural gas terminals and a new LNG import project for Hong Kong, said the German Federal Government would be replacing Vopak as a shareholder in the proposed German LNG terminal at Brunsbüttel on the Elbe River.