Latest News
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South Bow restarts Keystone Pipeline after Safety Administration Approval
South Bow announced on Wednesday that it had restarted its Keystone pipeline at a lower operating pressure following approval by the Pipeline and Hazardous Materials Safety Administration. Last week, the 4,327 km (2 689 miles) Keystone pipeline was shut down after an oil spill in North Dakota near Fort Ransom. South Bow said it will continue to monitor the system 24 hours a day, remediate the site of the incident, and share any findings from the investigation as soon as they are available. The PHMSA has approved a restart in accordance with a corrective order issued on 11 April, but the pipeline must operate at reduced speeds until the safety administration permits a ramp-up. Last week, a ruptured section of the pipeline spilled 3,500 barrels on agricultural land. The pipeline had been pumping 17,844 barrels per hour. Reporting by Anmol & Anjana Anil, Bengaluru. Editing and editing by David Goodman.
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The German LNG import terminals
Since the invasion of Ukraine by Russia in 2022, Germany has sought to import liquefied gas (LNG), to replace Russian gas piped to Germany. The first step was to deploy floating storage units (FSRUs), which receive seaborne LNG. Longer term, it planned shore-based regasification facilities and terminals to import and manufacture ammonia and clean hydrogen. Here are the latest updates: MUKRAN Gascade's OAL pipeline supplies the terminal on Ruegen Island in Baltic Sea with LNG. The private operator Deutsche ReGas announced on April 16 that there were no regasification slots left at Mukran until 2025. They said LNG carriers arrive weekly with approximately one terawatt-hour of gas. ReGas had cancelled the Energos Power in February due to low utilisation. The company now uses only the Norwegian operator Hoegh’s FSRU, Neptune. It said that it was struggling with the fees offered by DET to attract cargoes to terminals in North Sea supervised by DET. ReGas said that gas demand is expected to be high ahead of the winter season, citing EU decision to extend requirements for filling underground storage facilities. ReGas has launched, in April, a three-month round of bidding to expand Mukran’s capacity. The bidders will offer an additional 5 Bcm per year between 2027 and 2043. It plans to restart a 2nd FSRU, and restore the full capacity of 13,5 bcm in 2027. LUBMIN ReGas signed a 2024 agreement with Hoegh to convert the Baltic Sea port (a precursor of Mukran) into an ammonia/hydrogen terminal. STADE Hanseatic Energy Hub - HEH - in 2024 made a final decision on the investment for a terminal that is ammonia ready and will be located at an inland port along the Elbe River. The terminal will start operating in 2027. The terminal will cost approximately 1 billion euro ($1.14 billion). The employment of the FSRU Energos Force that was supposed to last until 2027 ahead of the start of operations at the onshore terminal is being delayed until further notice. This comes after DET and HEH canceled contracts due to unresolved differences about construction schedules, payments, and other issues. WILHELMSHAVEN Utility Uniper launched Germany’s first FSRU, Wilhelmshaven 1 on the North Sea in 2022. Uniper will add a land based ammonia reception terminal and cracker during the second half this decade in order to produce green hydrogen. It also plans to build a 200MW electrolyser that can be powered by local wind energy. DET has stated that there are plans to build a second FSRU in Wilhelmshaven, but it did not specify a date for commissioning. BRUNSBUETTEL Brunsbuettel FSRU began operations in 2023 along the North Sea Coast. It was initially chartered by RWE and operated by its trading arm, before being handed over to DET. The facility is a precursor to a land based LNG plant that has been approved for 40 million euro of state assistance. The terminal could begin operations by the end of 2026 when an adjacent ammonia facility, which was recently inaugurated, could also be operational.
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Greece submits plans for maritime use following breach of EU rules
After years of delays, the European Commission has rebuked Greece for submitting plans to the EU that outline how it will organize maritime activities like fishing, tourism and off-shore energy. In February, the EU Court of Justice found that Greece violated EU regulations for failing to submit a maritime spatial planning by March 2021. The European Commission referred Greece before the court for the delays. Plans maritime spatial define the areas where certain activities, such as fishing, sea transportation, tourism, aquaculture, and renewable energy projects, can be carried out. These plans are also a foundation for protecting marine ecosystems from threats like overfishing and pollution. The Greek government announced on Wednesday that it had submitted its plan to Brussels. Athens has blamed the delays on a variety of factors, including the long coastline, the numerous islands, and the geopolitical situation in the eastern Mediterranean. The map depicting the maritime spatial plan of China does not include any exclusive economic zones that are defined by bilateral agreements. Greece and Turkey, NATO allies in the past but enemies in the present, are exploring whether or not they can begin talks to demarcate maritime zones. The two countries have been at loggerheads over a number of decades-old disputes, ranging from the mineral rights in Aegean sea to a divided Cyprus. Greece has created an exclusive economic zone along with Italy and Egypt. Greenpeace, WWF and other environmental groups have repeatedly called on Greece to submit the spatial plans. They accuse the government of neglecting protection of the environment. (Reporting and editing by Renee Maltezou)
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Maguire: Europe's energy firms reduce emissions while clean output drops
The European power sector released more carbon dioxide in the first quarter 2025 than any other quarter since 2023, after a decline in clean energy production forced utilities to burn coal and natural gases for power. According to Ember, the energy think tank, power firms released nearly 390 millions metric tons CO2 between January and March, which is about 23.5 million tonnes more than the same period in 2024. The increase in emissions during the first quarter of the year breaks a two-year trend of decreasing pollution in European electricity production. It also raises the possibility of a reversal of the downward trend of regional power emissions. GROWTH DRIVERS Germany, the Netherlands and Poland are the main countries responsible for the increase in European power emission. They all increased pollution from fossil fuels-fired generation during the first quarter to multi-year levels. The main reason for the increase in fossil fuel consumption in these countries is the drop in clean energy production year-over-year. Ember data indicates that the total clean energy generation in Europe in January-March was 5% less than in the same months of 2024. However, the drops were greater in Germany (19%) and the United Kingdom (9%) The first quarter of 2025 has seen a particularly low wind power generation in Germany, which is down 30% from January to March compared to the same period in 2024. The Netherlands, Poland and United Kingdom all saw wind output drop by around 20% or even more during the same time period. The lower hydropower generation was also a factor. Germany, Poland, and the United Kingdom recorded drops of 26% each from January to February 2024. OFFSETS In order to compensate for the reduction in clean energy supply in certain countries, Europe's electricity firms have been forced to increase their fossil fuel plant supplies. The total fossil fuel-fired power production in Europe increased by 7% in the first quarter of 2025, compared with the same period in 2024. The fossil fuel production of several major European power sectors has increased by more than regional average. These include Germany (up 10%), the Netherlands (up 25%), Poland (up 11%), and the United Kingdom (19%). In Europe, the coal and gas production has both increased by about 6% in 2025 when compared with the same months of last year. At the country level, however, the fluctuations in coal and gas-fired power generation are more pronounced. Gas-fired electricity production in Germany remained mostly flat from January to March 2024 compared with the same months of 2024. Coal-fired output increased by 15%. Gas-fired electricity generation in the United Kingdom increased by 23% from the first three months of 2024 to the first quarter 2025, while coal-fired electricity generation fell to zero as a result of the closing of Britain's final coal-fired plant. The Netherlands and Poland increased their coal and gas-fired electricity production from January to march 2025 compared to January to mars 2024. CLEAN SEASON As Europe enters the peak solar radiation season, we can expect a higher solar output in Europe. This should allow utilities to reduce their fossil fuel generation in the next few months. The new tariffs imposed on U.S. imports by the Trump administration could hinder the growth of the industrial sector, but the overall demand for power is still driven by the industrial activity. If regional manufacturing is still constrained by a weak consumer demand, regional power companies may be able reduce their fossil fuel usage and secure full-year fossil energy generation contracts in 2025. If local manufacturing and industry expands due to regional stimulus and increased defense expenditures, power companies may be forced into increasing fossil fuel usage, which could cause a rise in emissions year-over-year. These are the opinions of the author who is a market analyst at.
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By mid-July, the damaged Finland-Estonia submarine cable is expected to be back in service.
Fingrid, the Finnish grid operator, said that repair work on the damaged undersea electricity line EstLink 2 between Finland and Estonia is scheduled to begin in May. The line should be ready for commercial use by July 15. In December, Finnish authorities seized in the Baltic Sea a ship that was suspected of causing the failure of four internet lines and the underwater power cable. Fingrid announced in a press release on Wednesday that it was installing a new cable on the seabed, to replace the one already there. The distance is approximately one kilometer (0.62miles). Nexans is carrying out the repairs. (Reporting and editing by Stine Jacobi, Essi Lehto, Louise Breusch Rasmussen).
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Jordan offers to purchase up to 120,000 tonnes of wheat, traders claim
The state grain buyer of Jordan has announced an international tender for up to 120,000 tons of milling whey that can come from a variety or origins. European traders confirmed this on Wednesday. The deadline for submitting price offers is April 22, 2019. The traders had expected a new announcement after Jordan's previous tender of 120,000 tons wheat Tuesday, which Jordan bought 60,000 tons. The new tender seeks to ship a number of combinations between 50,000 and 60,000 tons in consignments from July 1-15, August 16-31, or September 1-15. Jordan purchased a total of 120,000 tons in August for shipment, traders reported. On Wednesday, a separate Jordanian tender for animal feed barley up to 120,000 tonnes closes. (Reporting and editing by Michael Hogan)
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UK maritime agency reports an incident east of Yemen’s Aden
United Kingdom Maritime Trade Operations announced on Tuesday it had received a report about an incident involving a vessel located 100 nautical miles east from Yemen's Aden. This was the first time the agency reported in this area for months. UKMTO reported that the vessel's crew was safe and was moving to its next port after it had been followed for two hours by multiple small vessels with shots fired. The agency stated that it was investigating this incident without naming any potential attackers or the vessel. Yemen's Iran aligned Houthis launched more than one hundred attacks against shipping in November 2023. They claimed to be in solidarity with Palestinians regarding Israel's conflict with Hamas. The group was responsible for a massive offensive during which it sank at least two ships, captured another, and killed four seafarers. This caused global shipping to be disrupted, forcing companies to change their routes. The Houthis have not yet commented on the latest attack reported to the UKMTO. After a ceasefire in Gaza between Hamas, Israel and the Houthis in January, they briefly halted their attacks. The Yemeni group, however, vowed in March to resume its attacks on Israeli ships as Israel refused to lift the blockade of aid entering the Palestinian enclave. The Yemeni group has also promised to continue its attacks on ships after the U.S. launched their biggest and most deadly military operation in Yemen, since U.S. president Donald Trump assumed office.
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Operator says UK power grid may face lowest demand ever this summer
The National Energy System Operator (NESO), which is responsible for the UK's electricity grid, said that the National Energy System Operator expects the power grid to be well-supplied this summer due to the renewable energy generation and the cheap imports of power from Europe. In its summer outlook for April to October, NESO stated that the electricity transmission network may need to operate below its lowest level ever at certain points. This would be less than June 2020, when COVID-19 lockdowns reduced electricity demand to below summer normal levels. The peak demand for electricity is expected to be 29,7 GW in the summer. Solar power production has already reached record levels in March and April this year. At 12,68 GW it is more than Britain’s total import capability from interconnectors to Europe. The report stated that Britain will also benefit from the importation of power from Europe in the summer, due to the availability of conventional power plants. The NESO must ensure that the grid receives a minimum amount of electricity to maintain balance. In its report, NESO stated that it expects to have enough supply to meet the demand and operational reserves requirements for all of this summer. The company said that the tools were in place to manage its network during times of low demand. These included Negative Reserve Active Power Margin notifications, which are a way for Britain's electricity plants to reduce output to maintain grid stabilty. (Reporting and editing by Bernadettebaum)
French and Benelux stocks-Factors to see
Below are companyrelated news and stories from France and Benelux which could have an impact on the region's markets or specific stocks.
SEB SA: French-based maker of household equipment Seb on Thursday reported complete year sales of 8.27 billion euros.
Stef
Stef, which specialises in temperature sensitive logistics, reported on Thursday complete year income of 4.8 billion euros.
Sword Group
Sword Group reported fourth-quarter income of 84.4 million euros, and confirmed its 2028 service strategy.
SES
SES announced the completion of 100 million euros open market repurchase of its NC625 securities.
Pan-European market data: European Equities speed guide ... ... ... ... FTSE Eurotop 300 index ... ... ... ... ... ... DJ STOXX index ... ... ... ... ... ... ... ... Leading 10 STOXX sectors ... ... ... ...... Leading 10 EUROSTOXX sectors ... ... ...... Top 10 Eurotop 300 sectors ... ... ...... Leading 25 European pct gainers ... ... ... ... ... Leading 25 European pct losers ... ... ... ... ... Main stock exchange: Dow Jones ... ... ... Wall Street report ... Nikkei 225 ... ... ... Tokyo report ...... FTSE 100 ... ... ... London report ...... Xetra DAX ... ... ... Frankfurt products ... ... CAC-40 ... ...... Paris items ...... World Indices ... ... ... ... ... ...... Reuters study of world bourse outlook ... ... European Property Allotment ... ... ... ... ... Reuters News at a look: Top News ... ... ... Equities ... ... ... Main oil report ...... Main currency report ...
(source: Reuters)