underground gas storage

Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries of state-owned Gazprom a day after Ukraine stopped a major gas transit route. Gas prices surged, with the key European benchmark gaining 12% as buyers were unsettled by the mounting threats to Europe's supply, given its high dependence on Russia.
  • May 15, 2022
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Croatia's Economy and Sustainable Development Minister, Davor Filipović said that among all EU member countries, his country would feel the fewest consequences if Russian gas supply was to be cut off thanks to its LNG terminal on Krk island.
  • May 12, 2022
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Renewable energy company Corre has signed a 10-year collaboration agreement with Geostock, a specialist in underground hydrocarbon storage, to accelerate its green energy projects as Europe turns away from Russian oil and gas.
  • May 6, 2022
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Lithuania has opened a gas pipeline to Poland to offset some of the shortfall caused by Russia’s decision to cut off its supply to Warsaw, local media in the country reported Monday.
  • May 5, 2022
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The European Union was preparing sanctions on Russian oil on Monday, with possible exemptions for wary countries, and warned that complying in full with Moscow's proposed scheme to receive gas payments in roubles would breach existing EU sanctions.
  • May 4, 2022
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The International Group of Liquefied Natural Gas Importers (GIIGNL), an international liquefied natural gas body has appealed to governments to help mitigate fuel price spikes and promote new LNG developments to secure a stable global supply. The Paris-based group, whose members account for more than 90% of global LNG trade, issued a statement a day earlier after a meeting of its executive committee, saying governments should provide protection mechanisms to reduce the exposure of LNG importers and consumers to potential procurement cost increases.
  • April 17, 2022
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