Page 1 - EurOil Week 29 2022
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Issue 649                25•July•2022                     Week 29






                      ™      Brussels calls for gas use cuts

                              The European Commission has called for member states to reduce their gas
                              consumption by 15% starting in August.


                      ™      Nord Stream back online

                              Russia’s Nord Stream pipeline is back up and running, but its capacity continues
                              to be significant strained.


                      ™      Vlora LNG nudges forward


                              Plans for Albania’s first LNG terminal have made a little progress, with
                              Bulgaria’s Overagas agreeing a MoU for gas from the facility.

                      ™      A long, hard winter


                              The IEA has warned that Europe faces a long, hard winter and must make
                              preparations for a complete cut-off in Russian gas supply.
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