Region: Europe Category: Oil and Gas Frequency: Every Thursday
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About: EurOil analyses key trends such as the influx of private equity into the North Sea and how it is shaping the basin's future. The monitor also provides key insight on major trends such as decommissioning and the development of frontier regions like West of Shetland. Midstream developments also take prominence, with deep analysis of the region's gas needs and how they will be met in the future.
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Hungary revisits prospect of importing Turkmen gas but obstacles are many
Hungary is revisiting the prospect of importing natural gas from Turkmenistan but the lack of infrastructure to make that plausible remains a big obstacle.
Serbia’s oil firm NIS maintains operations as US sanctions loom
Serbia’s oil company NIS, majority-owned by Russia’s Gazprom group, said it has prepared contingency plans to cope with possible US sanctions, while assuring staff that salaries and refinery operations remain secure.
EU prepares for winter of heavy US LNG reliance
The EU is preparing for a winter of heavier dependence on US LNG as pipeline flows from Russia and Algeria weaken and storage levels remain under pressure.
Austria's OMV announces steep capex cut through to 2030
It will also reduce the proportion of spending on sustainable projects, in a signal of renewed emphasis on its more traditional energy businesses.
Polish court extends arrest of Ukrainian accused of blowing up Nord Stream pipelines
A Warsaw district court has extended the detention of a Ukrainian national suspected of involvement in the 2022 explosions that damaged the Nord Stream 1 and 2 gas pipelines.
Russian LNG exports to EU down 7% in 9M
Russia faces one of worst fuel crises in decades
Twenty-one of the country’s 38 large refineries have been attacked since January.
Prominent Russian propagandist accuses Kazakhstan of Orsk refinery strike
A prominent Russian TV propagandist accused Kazakhstan of involvement in a drone strike on a Russian oil refinery and called for a punitive operation against the Kazakh capital, EuroMaidanPress reported on October 3, citing his Telegram posts.
NIS seeks new US sanctions delay as Russia floats compromise plan
Serbia’s oil company NIS has filed a fresh request with Washington to postpone US sanctions, as Moscow put forward a plan aimed at averting restrictions set to take effect this week.
Bulgaria clears sale of Gazprom-branded fuel stations to Avia chain
Bulgaria’s antitrust regulator has approved the sale of Gazprom-branded petrol stations in the country to Uni Energy, the operator of the Avia chain, clearing the way for the rebranding of the outlets as Avia.
Turkey’s energy minister says purchasing Russian oil a commercial decision for private company refineries
Turkey’s energy minister Alparslan Bayraktar on October 2 said that purchasing Russian oil is a commercial decision made by private company refiners.
Kazakhstan ships 180,000 tonnes of oil to Germany via Druzhba pipeline in September
Kaztransoil, the operator of the Russian section of the Druzhba pipeline, said on October 2 that Kazakhstan exported 180,000 tonnes of oil to Germany through the route in September, Reuters has reported.
Hungary signs long-term LNG contract with Engie in Budapest on October 2.
Hungary's state-owned MVM CEEnergy signed a contract with French-owned Engie for the supply of 4 bcm of LNG over ten years from 2028 to 2038,
Kazakhstan predicts boost in oil exports to Germany
Kazakhstan expects to boost oil exports to Germany this year to around 1.7mn tonnes (34,000 barrels per day), up from 1.5mn tonnes in 2024.
Serbia’s NIS granted temporary US licence as sanctions deadline postponed
Serbia’s oil company NIS announced on October 1 that the US Department of the Treasury has issued a new special licence delaying the imposition of full sanctions against the firm until October 8, 2025.
Fitch downgrades SOCAR-owned Turkish petrochemical producer Petkim to 'CCC' on “very weak” profitability
Fitch Ratings late on September 29 downgraded Turkish petrochemical producer Petkim Petrokimya Holdings’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC' from 'CCC+', citing continuing weakness in the European chemical market.
Drivers in Kyrgyzstan complain price of full tank of gasoline has doubled amid drone strikes on Russian refineries
Some drivers in Kyrgyzstan have complained that the price of a full tank of gasoline has doubled in recent weeks amid fuel shortages widely thought to be linked to lower exports from Russian refineries put out of action by Ukrainian drones.
Russia extends gasoline export ban
Bulgaria to end Russian gas flows to Hungary, Slovakia by 2027
Bulgaria, the European Union’s last entry point for Russian pipeline gas, plans to end Russian gas flows to Hungary and Slovakia by 2027.
Orban, Fico discuss energy security and cooperation at Esztergom meeting
US delays sanctions against Serbia’s NIS for the eighth time
The United States has postponed sanctions on Serbia’s Russian-owned oil company NIS for another eight days following talks between Serbian President Aleksandar Vucic and US officials.
Russia says Ukrainian drone strikes on CPC infrastructure against US interests
Russia’s Foreign Ministry said on September 26 that recent Ukrainian drone strikes on Caspian Pipeline Consortium (CPC) facilities undermine the interests of the United States, Kazakhstan, Russia and global energy security, Reuters has reported.
Ukraine considers banning oil products imported through Romania's Constanța port
The main wholesale operators of petroleum products in Ukraine expect the Constanta port in Romania to fall under sanctions due to suspected Russian-origin products in blended imports arriving from India.
US to impose sanctions on Serbian oil company NIS on October 1
President Aleksandar Vucic said that Serbia was “collateral damage” in Washington’s sanctions war with Moscow.

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