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Shell Boosts 2Q Earnings, Eyes US Sanctions, Qatar Chances
Shell posted a strong increase in second quarter net profits on July 27, up 31% year on year at $1.545bn, as it said it was monitoring carefully the progress of US sanctions…
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UK Follows France's 2040 Lead on Cars, But Without a Roadmap
The UK is to ban the sale of new petrol and diesel cars in 2040, following the lead set three weeks ago by France. The July 26 announcement by UK environment and transport…
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[Premium] EU Raises Alarm Over US Sanctions Impact
The European Commission (EC) has expressed concern about how draft US sanctions against Russia might "impact on EU energy independence." At their weekly top-level meeting, July…
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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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Gasunie Expects Tariff Ruling to Shrink 2017 Revenue by 25%
Netherlands state-owned infrastructure operator Gasunie has reported a fall in turnover and profits in 1H 2017, which it says will get steeper later this year following changes…
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Greece Extends Desfa Bidding to August
Greece's privatisation agency Taiped (HRADF in English) said July 24 that its board, following a request from a potential investor, has decided to extend up to August 7 2017 the…
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UK Issues 'Hydrogen for Homes' Tender
The UK government's Department for Business Energy and Industrial Strategy (Beis) is tendering for a contractor to manage the delivery of a £25mn programme to explore…
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Australia Moves Closer to Imposing LNG Restrictions
In a move that could lead to potential restrictions on Australian LNG exports, minister for resources and Northern Australia, Matt Canavan, July 24 gave formal notice to LNG…
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Nigeria's Gas Supply to Power Plants Improves
Nigeria's daily gas supply to power plants increased by 64% year on year in May 2017, according to monthly data released by the state-owned producer. Nigerian National…
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US Fines Exxon $2mn for Sechin Contacts under Tillerson
ExxonMobil has been fined $2mn by the US Treasury Department for violations of sanctions against Russia; the US supermajor has said it will appeal. The case highlights a…
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[Premium] Ukraine to Sign Gas Master Agreements
State monopoly Naftogaz Ukrainy intends to sign five-year general agreements with Swedish Vattenfall and the worldwide commodity trader Trafigura. The aim is to buy gas under the…
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Germany to invest $116mn in Ukrainian Efficiency
Germany is investing up to €100mn ($116mn) in energy efficiency programmes in Ukraine, the country's national investment council said July 20. The law was signed by the…
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Balkan Companies Signed the Vertical Corridor MOU
National gas transmission system operators (TSOs) of Bulgaria, Greece, Romania, and Hungary signed a memorandum of understanding on the implementation of a Vertical Gas Corridor…
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Socar Studies Bulgarian Supply Options
Bulgarian gas transmission system operator Bulgartransgaz and Azerbaijan’s state-run Socar signed an MOU July 18 to look into shipping natural gas to Bulgaria and…
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Saudi Bloc Waters Down Demands on Qatar
Saudi Arabia’s ambassador to the United Nations, Abdallah Al-Mouallimi, said that the four nations that have blockaded Qatar – Bahrain, United Arab Emirates, Egypt…
