Croatia will participate in a project to connect its natural gas network with that of Bosnia and Herzegovina.
The announcement is part of the Southern Gas Interconnection, a proposed project to construct a 180-kilometer transborder gas pipeline that should help reduce Bosnia’s total dependence on Russian gas.
The only transborder connection of Bosnia is an extension of the TurkStream gas pipeline operated by Gazprom (a Russian company that deals with the extraction and sale of natural gas), which brings Russian gas through Turkey.
The project is expected to be completed by the end of 2025 and will have a planned capacity of five billion cubic meters of natural gas per year.

After the European Union minimized its gas demands from Russia, the Russian company Gazprom aims to become China’s main gas supplier.
Gazprom is starting to consider new significant pipeline construction projects in the near future because, according to Gazprom CEO Alexei Miller, the Asian market is currently the most dynamic in the world, and consumption volumes are increasing.
Since 2019, the company has been supplying gas to Chinese consumers through the Power of Siberia pipeline, and in February 2022, a second long-term gas sales contract was signed.

Chevron is trying to finalize a deal with Algeria for energy exploration.
Despite US companies reducing their activities in the Middle East and Africa, choosing to focus on exploiting oil and gas reserves in the United States, the oil company has recently started talks to invest in Algeria. The North African country is committed to trying to replace Russia as the supplier of gas to neighboring Europe, as it has greater gas resources than the United States.
The search for new natural gas resources in Africa and the Middle East has become a priority for Chevron, which is also dealing with new discoveries in Egypt and Israel, to replace Russian gas in Europe.

With the two regasification plants in Piombino and Ravenna, which will be installed by this summer, Italy will be able to free itself from energy dependence on Russia by the end of 2023. Starting from next year, we will be able to supply other countries as well, and in a short time, we will become the hub of European gas, also thanks to Algeria, the first supplier of natural gas to Italy in the first half of 2022, which will play a central role in this project, as well as Azerbaijan, another strategic supplier of methane and oil for Italy. The capacity expansion project, aimed at doubling the capacity by 2027, is already underway.

On January 31, 2023, Foothills Exploration, Inc, an oil and gas exploration and development company focused on supplying energy needs, completed the acquisition of twenty-one oil and gas wells, all located in Comanche County, Oklahoma. The Company’s return to production program will involve cleaning up existing wells, maintaining facilities, performing electrical work, and repairing flow lines, while production operations are expected to begin by the end of February. Currently, the Company is also evaluating other oiltargeted properties in the area for potential acquisitions. It has also signed two additional agreements for asset acquisitions in Kansas and Oklahoma.

We are talking a lot about the possibility of transforming Italy into a “gas hub”, that is, a hub for the distribution of fuel previously imported on our peninsula from North Africa and the eastern Mediterranean, towards northern Europe.

Eni representatives argue that Italy, thanks to its position, can take on a main role in Europe as a gas hub; according to Snam, Italy could import green hydrogen from North Africa, exploiting existing, appropriately modified pipelines. Such investments should be evaluated on the basis of their cost in relation to benefits and future levels of natural gas demand.

The agreement provides for a duration of forty years, this will allow to make important investments in the energy sector in Libya contributing to the development and creation of work in the country, and strengthening the position of Eni as the first operator in Libya.

Equinor, Norway’s largest oil company, has made a new oil and gas discovery in the North Sea off Norway.

This discovery has been estimated at between 17 and 47 million barrels of recoverable oil; although the wells were not subjected to formation testing, extensive data acquisition and sampling tests were performed.

For Equinor, it is the seventh oil and gas discovery in that same area since 2019.

Eni has signed an important and historic agreement with the state company Noc for the production of gas in Libya, a strategic project aimed at increasing the production of gas to supply the Libyan domestic market, as well as ensuring the export of volumes to Europe.

The project includes two gas fields off Libya.

Gas production will begin in 2026 and will be ensured through two main platforms, connected to the existing treatment plants at the Mellitah complex.

For Eni, the agreement will allow to make important investments in the energy sector in Libya, contributing to the development and creation of jobs in the country, and strengthening the position of Eni as the first operator in the country.

Eni’s agreement with Libya is official.

The objective of this agreement is to increase gas production for the Libyan domestic market and at the same time export volumes to Europe.

The plan envisaged by the Eni-Noc agreement will include in detail the construction of two gas fields located off Libya, production will begin in 2026 and, according to forecasts, will reach a plateau of 750 million cubic feet of standard gas per day.

The agreement provides for a duration of forty years, this will allow to make important investments in the energy sector in Libya contributing to the development and creation of work in the country, and strengthening the position of Eni as the first operator in Libya.

Within a year and a half Italy can also count on the gas extracted a few kilometers from the Sicilian coast.

They are accelerating the work for the production of the two largest natural gas fields, called Argo and Cassiopea. The two gas fields contain about 10 billion cubic meters, not an enormity but still almost 10% of the gas available in the Italian subsoil.

A first time also for Eni as the wells will be submarine, so as to zero the visual impact of the plants.