Europe | Egypt Oil & Gas

Europe to Release 42 Million Barrels From Oil Reserves Over Three Months

Europe will release 42 million barrels of oil from strategic reserves over the next three months to help ease price pressures, French Economy Minister Roland Lescure said on October 29, according to Bloomberg. Speakin...

Europe’s LNG Imports Drop 13% to 21.52 mmt in Q3 2026

Europe’s liquefied natural gas (LNG) imports fell 13% year-on-year (YoY) to 21.52 million metric tons (mmt) during the third quarter (Q3) of 2026, down from 24.73 mmt in Q3 2025, according to a report published ...

Europe’s Jet Fuel Imports Rise as Q4 Supply Shortfall Deepens

Europe is expected to face a jet fuel supply shortfall of around 510,000 barrels per day (bbl/d) in the fourth quarter (Q4) of 2026, despite increasing imports from distant suppliers including South Korea, according t...

China, India LNG Demand Poised for Recovery as Global Supply Eases

China and India’s liquefied natural gas (LNG) imports are expected to recover from multi-year lows once the Middle East supply crunch ends and prices decline, Reuters reported, citing industry executives. The Middle E...

Algeria’s Sonatrach Exports First LNG Cargo to Germany

Algeria’s state-owned energy company Sonatrach has exported its first liquefied natural gas (LNG) cargo to Germany, according to the company’s press release on July 8. The shipment was delivered on July 2, 2026,...

Global Supply Shocks Drive Record US Crude Exports

US crude oil exports surged to an all-time high of 5.6 million barrels per day (mmbbl/d) in May, as Asian and European refiners increased purchases to offset supply disruptions triggered by the war between the US and ...

Europe Rooftop Solar Demand Surges Amid Energy Market Turmoil

Demand for rooftop solar systems across Europe has risen sharply following the outbreak of the war in Iran, as households increasingly seek protection from escalating power costs driven by severe global energy market ...

Putin Warns Russia Could Halt Gas Supplies to Europe Amid Iran Crisis

President Vladimir Putin warned that Russia may halt gas supplies to Europe as energy prices surge following the escalating crisis involving Iran, according to Reuters. Speaking on March 4, Putin said the possibility ...

ADNOC Secures Sales, Purchase Agreement from SEFE for Ruwais LNG project

ADNOC has signed a 15-year Sales and Purchase Agreement (SPA) with SEFE Marketing and Trading Singapore, a subsidiary of Germany’s SEFE, for the supply of 1 million tons per annum (mtpa) of liquefied natural gas (LNG)...

TotalEnergies Signs 15-Year Deal For Green Hydrogen Delivery in Europe

TotalEnergies has said that it has signed a 15-year agreement with Air Products for annual supply of 70,000 tons of green hydrogen in Europe starting in 2030. This marks the first long-term green hydrogen supply contr...

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