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Gazprom's Blue Corridor Rally Has Iberian Launch
The 11th Blue Corridor rally, for factory-built vehicles powered by natural gas and LNG kicked off in Lisbon on September 18. Participants cover 5,700 km in 18 days,…
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Sound Receives Moroccan Pipe Funding Proposal
UK-based Moroccan gas explorer, Sound Energy, said September 4 it has received “an indicative non-binding commercial proposal” from the financial adviser to Moroccan…
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Spain Sets New Gas Record, during Hot, Dry August
Spanish gas demand this August grew by 18% year on year, breaking the nine-year record for a yearly rise that had been set the previous month, said Enagas August 31. Demand in …
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Cheniere Pays Debts, Sabine T4 to Export Soon
US LNG exporter Cheniere Energy made a net 2Q loss of $285mn, little changed from its year-ago 2Q loss of $298mn, it reported August 8. It would have made a small $21mn profit…
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Spain's GN Brings in Allianz, CPPIB as Partners
Spanish utility Gas Natural (GN) said late August 3 it is to sell a 20% stake in its gas distribution business in Spain, GNDB, for €1.5bn to two funds. Germany's…
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Sound Says Morocco Pipe Gets Initial OK
UK-listed Morocco gas explorer Sound Energy said it has received written confirmation of a planned 120-km pipe from its fields to key export infrastructure. The company said…
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Spanish Gas Demand in July Breaks Record
Demand for gas in Spain this July grew by 17% year on year, the largest monthly increase during the summer months since 2008, said Enagas July 31. Factors that explained the hike…
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Repsol Profits Soar on Higher Prices
Spanish producer Repsol announced second quarter net profits on July 27 up 79% year on year at €367mn ($430mn). Higher average realised prices helped its E&P…
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Spain's Gas Natural Cheered by LNG Deal
Spanish Gas Natural’s net profit fell by 15% year on year to €550mn ($640mn) in first half 2017, it said July 26, but it had good news regarding an LNG deal. GN’s…
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Price Revision Lifts Iberdrola
Power-oriented Spanish utility Iberdrola said July 20 that its 1H 2017 profit rose by 4.2% year on year to €1.52bn ($1.75bn), of which 11% was from cheaper gas. It said the&nb…
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Enagas Profits Buoyed by Chile, Despite Peru
Spanish gas grid owner-operator Enagas’s 1H profits increased by a quarter year on year, despite problems in Peru. Excluding proceeds from Enagas’s part sale of…
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UK Fund Boosts Spanish Gas Stake
Goldman Sachs was cleared July 14 by the European Commission to farm down its stake in third-largest Spanish gas distributor Redexis Gas. The commission said it had cleared a …
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Strong Iberian LNG Bunker Market Forecast by 2030
Norway's DNV GL forecasts strong potential future demand for LNG as a ship fuel in Iberia thanks partly to the cap on sulphur emissions from shipping; but there will need…
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LNG: The Caspian's Alternative Route to Market
Azerbaijan could become a gas hub in a Caspian and has opportunities for developing LNG projects according to Claudio Steuer (pictured below), founder, and director of SyEnergy,…
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Repsol, Gazprom Neft Step Up Siberia Cooperation
The CEOs of Spain's Repsol and Gazprom Neft signed a memo of understanding in Madrid July 7 to increase their collaboration in West Siberia and jointly explore its mostly-oil…
