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Italy Risks Gas Shortage Without new LNG Terminal, Eni CEO Says
“We absolutely need a new LNG terminal, otherwise accounts do not add up,” Claudio Descalzi, CEO of Italy’s Eni, said during an energy conference.
Martin Midstream Sells California Sulfur Terminal to Gulf Terminals
The asset sale on Oct. 10 included Martin Midstream’s Stockton Sulfur Terminal in California, which Gulf Terminals LLC agreed to acquire for approximately $5.25 million.
Hungary, Serbia Agree to Build Pipeline to Ship Russian Oil to Serbia
Hungary has been one of the Eu's most vocal critics of the organization's sanctions imposed on Russian oil and gas since the country is heavily reliant on it.
Europe to Face ‘Miserable’ Winter, Tellurian’s Souki Says
Tellurian Executive Chairman Charif Souki also urged Europe to invest in U.S. liquefaction projects to assure future energy supply while also dodging a question about the future of Tellurian’s Driftwood LNG project during an industry event in London.
US Sells Oil from Emergency Reserve to Marathon, Equinor, Others
First offered in September, the sale was part of President Joe Biden’s previously announced plan to sell 180 million barrels of oil from the reserve to fight high petroleum prices after Russia's invasion of Ukraine.
Nord Stream Investigation Finds Evidence of Detonations, Swedish Police Say
“After completing the crime scene investigation, the Swedish Security Service can conclude that there have been detonations at Nord Stream 1 and 2 in the Swedish economic zone,” it said.
Stakeholder Takes Aim at Reducing the Permian’s Overall Carbon Footprint
After landing landmark approval for a Permian Basin gas plant in Texas, Stakeholder Midstream management shared with Hart Energy how its plans of CO₂ sequestration will help reduce the industry’s carbon footprint.
Midstream Roundup: Why the Permian Basin is Prime for Carbon Capture
Also, the head of private equity at Riverstone Holdings shares with Hart Energy what makes carbon capture “much more economic than selling into EOR.”
Venture Global to Expand LNG Shipments to German Energy Provider
Deal with EnBW increases LNG cargoes to 2 mtpa under 20-year agreement.
Poland Ups Security Alert Level on Energy Infrastructure Outside Borders
Poland has moved to the second highest of its four-level security preparedness alerts, Bravo, which foresees an increased threat of a terrorist attack on an unspecified target, the security center said.