Minister: Chevron will supply Hungary with 2 billion cubic meters of LNG
The state-owned MVM Group in Hungary has signed a five-year contract with the?U.S. The?Hungarian?foreign ministry announced on Tuesday that energy company Chevron will supply 2?billion cubic metres of liquefied gas. Budapest is trying to diversify supplies despite angering other European Union members and NATO members. Budapest is opposed to the 'EU's agreement to phase out Russian imports by 2027. This will end the blocs energy dependence on Moscow that has lasted for decades.
Gascade Converts Pipelines for Alternative Marine Fuels
German gas grid operator Gascade on Thursday said it has converted a 400 km (249 miles) high-pressure pipeline to transport low-carbon hydrogen southwards from the Baltic Sea as part of a European core network to ship alternatives to fossil fuel.New hydrogen pipelines, or conversions of existing ones, will serve to help meet European Union goals of net zero emissions by 2050, with the Ukraine war also sharpening the focus on energy security in the…
Sources: Russian Syzran oil refinery was halted on December 5, by a drone attack
Two industry sources reported on Tuesday that the Russian Syzran refinery, located on the Volga River, stopped?oil production on December 5, after it was?damaged by an Ukrainian drone attack. As peace talks failed to progress, Ukraine and Russia began attacking each other's nuclear energy plants. The Ukrainian military said that they had carried out long-range attacks overnight on an oil refining plant in the Russian city Syzran, and on the Temryuk Port located in the Krasnodar Region.
Kinder Morgan anticipates higher profits in 2026 due to strong natural gas demand
Kinder Morgan, a pipeline operator, said that it expected a growth in profit for '2026 compared to the 2025 forecast - due to strong natural gas demand. In after-market trading, shares of the company rose 1% to $27.57. The demand for natural gases has been boosted by the increase in LNG exports, and an increase in power consumption in data centers devoted to artificial intelligence (AI) and cryptocurrency. Kinder Morgan has signed long-term contracts to transport 8 billion cubic feet of natural gas per day to LNG facilities.
Antero will buy HG Energy’s gas assets for $2.8 billion
Antero Resources announced on Monday that it will buy assets from privately-held HG Energy for $2.8 billion as part of its expansion plans. Separately Antero Midstream will purchase HG Energy's Midstream assets, which includes gathering and water services, for $1.1 billion. Antero now has natural gas reserves in the U.S. at a time of soaring U.S. futures, boosted by heavy LNG exports, accelerating AI-driven data centres, and other power-hungry sectors. Last week, U.S. Natural Gas Futures reached their highest level in almost three years.
Data shows that Gazprom has delivered the first LNG cargo to China after sanctions from Portovaya.
LSEG data revealed on Monday that Russian energy giant Gazprom delivered a cargo of liquefied gas from the Portovaya LNG facility to China. This was the first shipment since January when the United States imposed sanctions against the project. LSEG's ship tracking data revealed that the gas carrier Valera (formerly Velikiy Novgorod) transported the cargo from the Baltic Sea plant to the Beihai terminal for LNG. Novatek, the largest LNG producer in Russia, uses the same loading port in China to load cargoes from Arctic LNG 2.
Data shows that Gazprom has delivered the first LNG cargo to China after sanctions from Portovaya.
LSEG data revealed on Monday that Russian energy giant Gazprom delivered a cargo of liquefied gas from the Portovaya LNG facility to China. This was the first shipment since January when the United States imposed sanctions against the project. LSEG's ship tracking data revealed that the gas carrier Valera (formerly Velikiy Novgorod) transported the cargo from a Baltic Sea plant to Beihai LNG Terminal. Novatek, the largest LNG producer in Russia, uses the same loading port in China to load cargoes from Arctic LNG 2.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets and individual stocks in France and Benelux. Source familiar with the issue said that German, French, and Spanish Defence Ministers will meet on December 11, to discuss FCAS. Europe's next generation fighter project is at risk due to industrial turf wars. AIRBUS/TIGERAIR : Taiwan's low-cost airline Tigerair 6757.TW announced on Wednesday that the board of directors had approved the purchase of 4 new A321neo planes from Airbus AIR.PA…
Snam Receives EU Backing for Hydrogen Pipeline, CO2 Storage
The European Commission on Monday included in its new priority list for cross-border energy projects two initiatives backed by Italian gas grid operator Snam, making them eligible for EU funding.The commission had already added the projects to a priority list in 2023, but their presence in this year's update makes it likely that they will be included in Snam's updated industrial plan, due to be presented early next year.Snam's projects, part of an EU list of 235, are a hydrogen pipeline linking Algeria, Italy, Austria and Germany dubbed the SoutH2 Corrid
Gas prices to drop next week due to warmer weather
The wholesale gas prices in the Netherlands and Britain fell on Wednesday morning, as forecasts of warmer weather next week reduced demand. LSEG data revealed that the benchmark Dutch front-month contract for the TTF hub had fallen 0.29 euros to 31.12 Euros per Megawatt Hour (MWh), or $10.55 /mmBtu by 0942 GMT. The Dutch day-ahead rate was down by 0.85 euros at 81.95 euro/MWh. The British day-ahead contracts was down 0.65 pennies at 82.50 pence/therm.
Trade sources claim that Yanchang, a Chinese refiner, buys crude oil from the UAE and Kazakhstan instead of Russia.
Several sources confirmed that Yanchang Petroleum, a Chinese refiner, has purchased 3 million barrels from the United Arab Emirates (UAE) and Kazakhstan, for arrival in January, after having suspended its Russian oil purchases due to concerns over Western sanctions. They said that the state-owned company purchased 2 million barrels Abu Dhabi Murban crude oil from Swiss trader Mercuria, and 1 million barrels CPC Blend from Vitol. Prices were not immediately available.
Trade sources report that China refiner Yanchang purchases 3 million barrels of Murban and CPC crude.
Several sources confirmed that Yanchang Petroleum, a Chinese refiner, has purchased 3 million barrels from the United Arab Emirates (UAE) and Kazakhstan, for arrival in January, after having suspended its Russian oil purchases due to concerns over Western sanctions. On Tuesday, the company said that it had purchased 2 million barrels each of Abu Dhabi Murban crude and CPC Blend from Swiss traders Mercuria as well as 1 million barrels each of CPC Blend and CPC Blende from Vitol.
Wall St hedge funds reduced megacaps in the third quarter
According to the most recent quarterly disclosures, Wall Street's biggest hedge funds have reduced their exposure to certain Magnificent Seven companies, such as Nvidia and Alphabet, and placed new bets on sectors like application software, ecommerce, and payments. The following are some key positions changes made by the funds. Bridgewater Associates outperformed its peers in the first nine-month period of the year, and it slashed the stakes in Nvidia to nearly two thirds, or 2.5 million shares, as well as Alphabet to more than half, or 2.65 million.
Enbridge Approves $1.4b Project to Expand Canadian Crude Pipelines into US
Canadian pipeline operator Enbridge on Friday approved a $1.4 billion expansion of its Mainline and Flanagan South pipelines, adding new capacity for Canadian heavy crude into the U.S. Midwest and Gulf Coast.The project adds additional takeaway capacity for Canadian crude and broadens access to U.S. refineries, improving the flow of oil sands to major export outlets.This comes as Enbridge balances liquids growth with its push into natural gas utilities and low-carbon fuels.Enbridge said Mainline Optimization Phase 1 (MLO1) will add 150…
Enbridge Canada misses its third-quarter profit forecast due to higher capital costs
Enbridge missed its third-quarter profit estimate on Friday due to higher financing costs resulting from capital investments, including U.S. Gas Utility acquisitions. This sent the company's shares down by nearly 2% during premarket trading. Last year, the Calgary-based pipeline company acquired three Dominion Energy utilities -- East Ohio Gas (formerly Questar Gas), Public Service Co. of North Carolina, and Public Service Co. of North Carolina – in a deal worth $14 billion, including debt.
TC Energy misses its profit forecast due to weakness in US operations and power business
Canada's TC energy missed its third-quarter profit estimates on Thursday due to weakness in the company's U.S. operations, power and energy solutions businesses and pipeline operations. Natural gas consumption is increasing due to AI-driven power demands, industrial applications, and LNG exports. However, price pressures and the competition from coal are still a major market challenge. U.S. Natural Gas Futures declined over 4% sequentially. This is a continuation of a downward trend that began in the 2nd quarter…
Vitol Delfin LNG, IRH and IRH Sign 20-Year LNG Supply Agreement
Vitol announced on Wednesday that International Resources Holdings (IRH) had signed a 20 year agreement with Delfin and Vitol to purchase and sell 1.0 million tonnes of liquefied gas per annum from Delfin’s U.S. export facility. The deal stipulates that Delfin LNG would supply LNG free-onboard to Vitol. Vitol will then act as an offtaker and deliver volumes to IRH Global Trading. A FOB agreement is a shipping contract whereby the seller assumes all costs and risks up until the goods have been loaded on the vessel.
Targa Resources beats profit estimates on record Permian volumes, boosts dividend
Targa Resources, the pipeline operator, beat expectations for its third-quarter core profit adjusted on Wednesday. This was boosted by record volumes of natural gas and liquids from the Permian Basin. The company announced that it would increase its dividends by 25%, to $5 per share, in 2026. Midstream companies in the United States, such as Targa, and Kinder Morgan, are benefiting by a boom in oil and natural gas production, as well a rising demand for natgas from LNG export facilities…
$400m Natural Gas Pipeline Between Israel and Cyprus Awaits Government Approval
A $400 million pipeline to transport natural gas from Israel to Cyprus is awaiting government approval from both countries and Israel has expressed support, the head of Eastern Mediterranean focused gas producer Energean told Reuters on Tuesday.Energean on Monday signed a letter of intent with leading Cypriot industrial and energy group Cyfield for the potential supply of natural gas from Israel to Cyfield's planned power plant via the new pipeline…
DESFA Secures €169.3m for Carbon Storage, Pipeline Project
Greek gas operator DESFA, 66%-owned by a consortium led by Italy's Snam, said on Monday it had secured 169.3 million euros from the European Union's Innovation Fund for its carbon storage and pipeline project."The project includes a CO2 liquefaction, temporary storage and export facility at Revithoussa, transforming the existing LNG terminal into a dual-purpose hub for LNG regasification and CO₂ liquefaction," DESFA said in a statement."Recognised as a Project of Common Interest, it will connect CO2 capture facilities with domestic and regional storage s