Gazprom Export and MVM CEEnergy have signed two long-term contracts in Budapest that will supply Hungary with Russian natural gas, a press release published by Gazprom announced.
Norwegian gas supplies rose to Europe in the midst of a workers’ strike that has seen oil production decrease by 8%.
S&P Golbal Platts data showed that Russian gas flows to Europe was steady in June at 11.1 billion cubic meters (bcm), to be declined 20% year on year (YoY).
The petroleum sector initiates the production in Raven Gas Field in North Alexandria concession next September, with an estimated maximum gas production capacity between 850 and 900 million cubic feet per day (cf/d).
The electricity generation capacity across Egypt is currently stable with no power-cuts as power plants are constantly supplied with sufficient amount of natural gas and mazut.
Algerian state-owned firm Sonatrach has signed gas supply deals with Spain and Italy’s Eni.
