Germany

EnBW Energie Baden-Württemberg AG has made a long-term commitment for 3 billion cubic meters (Bcm)/year of LNG regasification capacity at the developing terminal in Stade, Germany, securing a home for its influx of U.S. supply intended to decrease reliance on Russia. EnBW disclosed Thursday it has secured capacity for more than 10 years in an…

Bitter cold forecast for parts of Europe this week is set to bring the first major test of the winter heating season for the continent’s gas market and its robust storage inventories.  The UK’s National Balancing Point and the Dutch Title Transfer Facility (TTF) both gained about 3% on Tuesday and settled above $40/MMBtu. The…

Global commodities trader Trafigura Group Pte. Ltd. has secured a $3 billion loan backed by the German government to help secure more natural gas for the country.  Trafigura would supply the gas to Germany’s Securing Energy for Europe (Sefe), a former Gazprom PJSC unit that the country nationalized and recapitalized earlier this year. The first…

ConocoPhillips on Tuesday signed two contracts to buy LNG from QatarEnergy and deliver it to Germany beginning in 2026, marking the first ever long-term supply agreement to move the super-chilled fuel to Europe’s largest gas-consuming nation. Under the agreements, Conoco would purchase 2 million tons (Mt) of liquefied natural gas annually for a term of…

Germany’s Uniper SE reported record losses from January to September as it was battered by Russia’s curtailment of natural gas volumes, but management said the firm is on a path to stability with LNG as a stepping stone. Uniper, Germany’s largest importer of Russian gas, has been navigating a geopolitical and economic crisis since before…

European natural gas prices continued to dip after the 27 European Union (EU) leaders agreed to a “roadmap” of emergency measures, including capping prices on gas sales, to help meet Europe’s energy crisis. Following many hours of negotiations, agreement was reached on several measures, including a proposal for a temporary price limit on gas transactions…

In case the message was missed in August, when Chancellor Olaf Scholz returned to Germany without the LNG he had sought, Prime Minister Justin Trudeau said again that Canada is no fossil fuel warehouse for deliveries on demand. At the National Arts Centre in Ottawa this week, Trudeau only gave Scholz a promise to work…

European governments should be moving more aggressively to secure long-term LNG supplies if they hope to end reliance on Russian natural gas, experts in London said recently.  Plans to phase out fossil fuels and significantly curb emissions in the years ahead could still weaken the continent’s energy security, panelists said at Energy Trading Week in…

To help cope with the European energy crisis,  all twenty seven European Union (EU) members approved several measures at a Brussels meeting on Friday, including levies on windfall profits made by fossil fuel companies.  But, after weeks of debate from members and market speculation, a bloc-wide cap on natural gas import prices has been tabled…