News about Gas
Energy group Eni is in talks with international investment funds to raise more than €1 billion for floating liquefied natural gas (LNG) projects. The deal reflects Europe’s desire to strengthen energy security and diversify gas supplies after reducing dependence on Russian fuel.
European oil and gas companies have benefited from rising energy prices. Shell on Thursday reported a 24% rise in first-quarter profit. BP also reported higher profits, while France’s TotalEnergies said its net profit jumped 51% to $5.8 billion.
Russia’s federal budget deficit in January-April 2026 amounted to 5.877 trillion rubles (about 60.3 billion euros). This figure was twice as high as in the same period last year and was more than a third higher than the plan for the whole of 2026.
Energy Minister Dorin Jungietu made a working visit to the oil field in Valeni (Cahul district) to assess the state of the existing infrastructure and prospects for the development of hydrocarbon resources extraction in Moldova.
The International Energy Agency (IEA) said the medium-term outlook for the natural gas industry is likely to last longer than previously thought. The conflict with Iran has already led to a loss of about 120 billion cubic meters of liquefied natural gas between 2026 and 2030, Gergely Molnar, an IEA expert, said Thursday.
The law on the creation of the Convergence Fund was published and entered into force on May 7. Thus, the process of gradual abolition of tax exemptions that have been in effect so far for Transnistrian enterprises was launched.
Parliament appointed Daniel Mititela as a member of the Board of Directors of the National Energy Regulatory Agency (ANRE) for a six-year term. The candidacy was supported by 52 MPs of the majority faction of PAS. The official decision was made on May 7, the mandate will take effect on May 11, 2026.
Turkey will play a key role in gas supplies to Central and Eastern Europe and the Balkans this summer, strengthening its position as a regional logistics center. The country is increasingly importing gas and LNG amid ambitions to become a gas hub. And it seems to be succeeding against the backdrop of anti-Russian sanctions and the energy crisis.
Ukraine is preparing for a new stage of increasing natural gas imports from Poland. A corresponding joint project has already been agreed upon by regulators of both countries.
Work has begun on laying pipelines for Romania’s Neptun Deep gas project in the Black Sea, one of the European Union’s largest energy fields with estimated reserves of 100 billion cubic meters of recoverable gas.
European Union countries’ oil and gas import costs rose sharply in March-April 2026, exceeding an additional €30 billion, European Commissioner for Energy Dan Jorgensen told a briefing in Brussels.
Global exports of liquefied natural gas (LNG) fell in April to their lowest level in almost two years. This was the result of the de facto closure of the Strait of Hormuz due to the war in the Middle East. Nevertheless, the lost Qatari volumes are quickly being replaced by other producers: for example, from the US and Canada.
Operation Project Freedom began this morning in the Persian Gulf. On the personal orders of President Donald Trump, U.S. and international coalition forces began removing hundreds of foreign ships trapped in the largest maritime crisis of the decade.
The government plans to raise the minimum amount of strategic natural gas reserves from 50 million to 56.3 million cubic meters.
Romanian President Nicusor Dan said he doubts that the project of complete substitution of Russian gas with American LNG is economically sound because it requires serious infrastructure costs.
“Moldova does not rely on one source or one route. We are building step by step a balanced and reliable energy supply portfolio that will ensure stability and predictability. It is crucial for us that this diversification is done at a sustainable price and that the security of supply for citizens remains an absolute priority,” Energy Minister Dorin Junghietu said.
The war against Iran has fueled British interest in heat pumps. They reduce the dependence of Europeans on volatile gas prices, although they have become embroiled in political and cultural disputes over carbon neutrality (net zero).
Ukraine is ready to hold trilateral talks with Russia on the territory of Azerbaijan on condition of “Russia’s readiness for diplomacy”. Ukrainian President Volodymyr Zelenskyy said this during his working visit to Azerbaijan on 25 April.
The crisis in the Middle East has brought the US into the center of the global oil and gas trade. Disruptions in supplies from the region have triggered a sharp rise in demand for American energy resources, which has already reached historic highs.
The investigation into the explosion of the Nord Stream gas pipelines in September 2022 is still ongoing. German authorities suspect a group of Ukrainians in this sabotage, one suspect was detained in Italy and extradited to Germany. Investigative journalist Bojan Panchevski offers a new version – he claims that he personally met with the organizers and perpetrators and learned how the operation was planned and carried out.
