Vår Energi ’s Post

More gas to Europe!😀     Vår Energi has extended the long-term agreement for delivery of up to five billion cubic meters (bcm) of natural gas to Eni over a 12-year period, up to 2035.     👉 https://lnkd.in/d_NDt5YE   The agreement adds to the recently announced gas sales contract with VNG Handel & Vertrieb GmbH, which means that we are increasing our committed delivery of natural gas to a total of 10 bcm over the 12-year period.     Vår Energi has been a key supplier of natural gas over the last three decades and we are excited to strengthen partnerships with long-term gas buyers. We are committed to be a reliable and secure producer of natural gas, providing energy to households, communities, and businesses for decades to come. 💪   #energy #energysupply #oilandgas #vårenergi 

The electricity distributor of Spain’s Naturgy group, UFD has said it will invest USD 1.3 billion (USD 1.4 billion) until 2027 to strengthen and digitalise its electricity network in Spain.  The announcement comes days after an EU energy ministers meeting highlighted the need to speed up and facilitate the modernisation of Europe’s ageing electricity grids, which are seen as an obstacle to further renewables integration. #Spain #EU #Electricity #Grids #Renewables https://lnkd.in/emfpJeUb

In the pursuit of transitioning to green energy, it's crucial to consider the impact on the current oil and gas sector with the recent defunding and de-marketing initiatives. It's important to facilitate their transition without causing any disruption. TBP Offshore Energy Solution offers a solution that enables a gradual transition from fossil fuels to green energy, allowing oil and gas companies to continue their operations while adapting to the changing energy landscape. TBP World Vision Project See you at the Global Energy Transition Congress and Exhibition 2024 #TBP #TBPEnergy #TBPworldvisionproject #globalenergytransition #sustainableenergy #energysecurity #globalenergysecurity #offshoreenergy #greenhydrogen #sustainableworld #OilandGas #SDGs #GETCogress #GETCongress2024

NYMEX Natural Gas pricing is trading below $ 2 MMBtu this morning, driven by a combination of factors including a warmer than normal winter (less heating demand), robust natural gas production, and healthy natural gas storage levels compared to the 5-year average. This is a significant opportunity for large consumers of energy to lock in attractive rates for electric & gas supply, as energy markets remain uncertain and the potential for higher pricing is much greater than the potential for a further decline. And gas below $ 2 may lead to production cuts, which impacts the balance of supply and demand. EnerConnex, LLC is a leading energy advisory firm focused on energy procurement, renewables, and sustainability. With access to one of the supplier networks, a proprietary pricing platform, extensive industry experience, we tailor energy procurement strategies based on our clients’ specific needs and sustainability goals. Contact me Howard Levine a free consultation! Pricing Source: https://lnkd.in/em_wP7EP #naturalgas #electricity #energyprocurement #facilities #costcontrol #enerconnex 

Explore the future of energy with our latest blog! Discover the innovations that are driving the oil and gas industry forward and shaping a more sustainable future. Stay ahead of the curve with GET Global Group. Visit: https://lnkd.in/gGNKRyMJ #FutureOfEnergy #OilandGas #Innovation #blog

Norwegian state oil company Equinor ASA announced on Tuesday that it had signed a long-term gas supply contract in a €50 billion deal with Germany's state-owned energy company SEFE (Securing Energy for Europe). As part of the agreement, Equinor will supply Germany with 10 billion cubic meters of natural gas per year from January 2024 until 2034, one-third of Germany's industrial demand. Natural gas in Europe for front-month deliveries were down on Tuesday, falling more than 6% after Norwegian state oil company Equinor ASA and Germany's state-owned energy company SEFE (Securing Energy for Europe) announced a €50 billion deal to supply Germany with 10 billion cubic meters of natural gas per year until 2034.

After its heyday from 2011 to 2021, there is a new, more uncertain period for the world gas market, possibly characterized by slower growth and increased volatility that could lead to a peak in global demand at the end of the decade, said Keisuke Sadamori, Director of Energy Markets and Security at the International Energy Agency. Many contrasting prospects for gas demand in coming years have left operators hesitant to invest in new supplies, the global gas market's 90% International Natural Gas Alliance (IGU) said in a report earlier this week. Uncertainty and inadequate levels of investment for natural gas, low-carbon and renewable gases puts energy transformation at risk and undermines affordability, security and sustainability, IGU said in the 2023 Global Gas Report in collaboration with Italian gas grid operator Snam and research firm Rystad energy. It is important to continue to invest in natural gas infrastructure to ensure a reliable and affordable gas supply and accelerate the development of green, low-carbon gas and CCS, said Snam CEO Stefano Venier, given the key role that gas plays in the immediate and long-term energy mix.

Repsol has agreed the sale of French solar platform Prejeance Industrial to French real estate group ALTAREA for EUR 140m. NPM Europe reported that the oil & gas group was eyeing the sell-off of the division in December 2023. For more of the same read NPM Europe (New Project Media) #Repsol #SolarEnergy #France #ALTAREA #NPMEurope #EnergyTransition

Oil and gas companies invested just 2.6% of their overall expenditures on #cleanenergy technologies and 1.5% of all global clean energy spending last year, according to Amena H. Saiyid’s analysis of International Energy Agency (IEA)'s latest report on the sector's #EnergyTransition spending. https://lnkd.in/gAZzpqma