Fortescue Future Industries (“FFI”) and Tree Energy Solutions (“TES”), both companies stacked with a very smart and far-seeing team, have agreed to develop the world’s largest green hydrogen integrated project "to help Europe mitigate its current energy and climate crisis and to bring green molecules to Europe," as TES says in a press release.
The venerable Druzhba pipeline, transporting oil some 4000-km from the northeastern part of European Russia to multiple countries in eastern Europe, sprung a leak in Poland last week which was mended within days.
Gazprom CEO Alexei Miller said late last week that a big section of the damaged Nord Stream 1 & 2 gas pipelines would need to be replaced.
"Experts say that in order to restore work after such a terrorist act, it is necessary to actually cut off a very large piece of pipe, at a great distance, and in fact build a new section on this section," Miller told a Russian TV station.
Nord Stream AG, the Switzerland-based operator of the severely - damaged Nord Stream 1 & 2 gas pipelines, has been informed by Danish, Swedish and Norwegian authorities that it cannot conduct its own investigation until the official one concludes.
The German and Spanish governments held a summit meeting yesterday in the northwestern Spanish city of A Coruña to discuss European energy security in general and the resurrection of the MidCat pipeline in particular.
After nearly two weeks of spewing out an estimated approximately 778 million standard cubic meters of toxic methane gas from three separate ruptures in the Nord Stream 1 & 2 lines on the Baltic Sea floor, the Danish Energy Agency said yesterday that the leaks have finally stopped.
A $6.6 billion natural gas Mountain Valley Pipeline long advocated by Democratic U.S. Senator Joe Manchin in his home state of West Virginia is facing bipartisan resistance on Capital Hill and will not be afforded preferential treatment.
Germany has begun to nationalize gas importer Uniper in the wake of an energy crisis that has left the government of Europe's top economy with few other options to keep its industry going.
Germany is set to buy Fortum's (FORTUM.HE) 78% stake in Uniper and inject a further 8 billion euros ($8 billion US) into the energy group that is expected to give Berlin a stake of more than 90%.
To strengthen security of supply and to ensure the continued operations of oil refineries in Schwedt an der Oder, Rosneft MiRo and Bayernoil, Neustadt an der Donau, the German government has placed these three refineries under trusteeship as it seeks to manage and attenuate the impact of the ongoing energy crisis.
German Chancellor Olaf Scholz raised hopes last week when he championed the construction of a gas pipeline connecting the Spanish and French gas grids. Scholz said such a pipeline would help wean Europe away from its reliance on Russian energy.
