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Daily (30.08.2019): WTI futures jumped by 1.7% on Thursday after two new pipelines opened in the Permian Basin
Crude oil prices rose on Thursday, backed by a deep decline in U.S. crude inventories. The opening of two new pipelines in the Permian Basin also added to demand at WTI delivery hub. At the same time, the approach of Hurricane Dorian toward Florida supported prices raising fears that U.S. crude producers may slow output. As a result, Brent crude hiked by 1% to $61.08, while WTI futures climbed by 1.7% to $56.71 a barrel.
read more... 30/08/2019
Total strengthens US LNG business
Total has signed an agreement with Toshiba to take over its portfolio of LNG. It includes a 20-year tolling agreement for 2.2 million tpy of LNG from Freeport LNG train 3 in Texas and the corresponding gas transportation agreements on the pipelines feeding the terminal.
read more... 04/06/2019
The TAP and TANAP pipelines were connected at the border of Greece and Turkey
The connection of the Trans-Adriatic Pipeline (TAP) to the Trans-Anatolian Gas Pipeline (TANAP) was successfully completed, BTA reports. The weld was carried out on the border between Greece and Turkey in the presence of representatives of the companies of the two pipelines.
read more... 30/11/2018
Russian piped gas is critical for Europe's supply needs
The European Union's decision on the route and volume of natural gas flow through Russia's new pipeline infrastructure, namely the Nord Stream 2 and TurkStream pipelines, remains critical to meeting Europe's requirement for liquefied natural gas (LNG), according to an expert at Wood Mackenzie late on Tuesday.
read more... 20/09/2018
Gas transmission via Nord Stream Pipeline has resumed
All planned maintenance works on the Nord Stream twin gas pipelines have been successfully concluded within the scheduled time frame. Gas transmission resumed today and the full capacity of both pipelines is now available again.
read more... 06/08/2018