GAZPROM - In the course of the meeting, the parties signed an Amendment to the contract on gas supplies to Austria. According to the document, gas deliveries to Austria will be increased by 1 billion cubic meters per year beyond the contractual amount for the entire contract period.
WNN - The UK and Canada signed a bilateral Nuclear Cooperation Agreement (NCA), the third such agreement signed by the UK this year in preparation for its exit from the European Union. It will allow the UK and Canada to continue their "mutually beneficial" civil nuclear cooperation when current European Atomic Energy Community (Euratom) arrangements cease to apply in the UK, Department of Business, Energy and Industrial Strategy (BEIS) said.
PLATTS - In September 27, 2018, BASF signed a transaction agreement with LetterOne to merge their respective oil and gas businesses, Wintershall and DEA, into a joint venture.
NORGES BANK - The Government Pension Fund Global returned 2.1 percent, or 174 billion kroner, in the third quarter of 2018.
EIA - Imports of liquefied natural gas (LNG) to the 28 countries that make up the European Union (EU-28) averaged 5.1 billion cubic feet per day (Bcf/d) in 2017, increasing for the third consecutive year but remaining below their 2011 peak.
FT - That the Nord Stream 2 pipeline will increase Europe’s dependence on Russian natural gas is a geographic and arithmetical fact. But buried in the heated rhetoric — now rising to US sanction threats — over how much that matters, is just how inexpensive it would be for Europe to purchase supply diversity with liquefied natural gas from the US.
REUTERS - French energy group Total and China’s CNOOC have strengthened their existing partnership in the liquefied natural gas (LNG) sector to increase their output, the companies said on Monday.
PLATTS - Novatek will hold 49% and Fluxys 51% in the joint venture, which plans to build and operate a 300,000-mt-a-year terminal for receiving and unloading mid-scale LNG carriers, keeping LNG in storage, and providing downstream LNG distribution services.
PLATTS - Norwegian natural gas exports to the UK jumped to their highest in six months Wednesday as consistently high UK prices incentivized flows normally only reserved for wintry periods.
WNN - China and Belgium have signed a framework agreement on cooperation in the peaceful use of nuclear energy. The agreement was one of several accords signed in Brussels yesterday during a meeting between Chinese Premier Li Keqiang and Belgian Prime Minister Charles Michel.
NPD - Preliminary production figures for September 2018 show an average daily production of 1 607 000 barrels of oil, NGL and condensate, which is a decrease of 255 000 barrels per day compared to August.
REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.
BLOOMBERG - The wealth fund’s initial case had focused on limiting Norway’s exposure to a drop in oil prices, given its status as western Europe’s biggest petroleum producer. When the proposal was first made last year, it rocked markets, and drew responses from a number of major investors.
IEA - Switzerland has the lowest carbon-intensity of its energy supply among all IEA countries thanks to a largely carbon-free electricity sector dominated by hydro and nuclear generation. However, with the country’s 2017 decision to gradually phase-out nuclear power, Switzerland faces a considerable energy-sector transition in coming decades.
REUTERS - French utility EDF said on Tuesday that nuclear electricity generation from its reactors in France rose 2.7 percent to 30.1 terrawatt hour (TWh) compared with the same month a year ago, due to lower volume of outages.