Russia may reroute gas to Turkey: Russian and Turkish energy authorities will begin work on a Moscow proposal to export Russian gas to Turkey for re-export to Europe, Turkish President Recep Tayyip Erdogan said last week, according to the Associated Press. Russia is proposing to pump the gas via the TurkStream pipeline beneath the Black Sea as it no longer considers the Nord Stream pipelines to Germany “reliable” conduits, Turkey’s foreign minister said.

How likely is this? Any proposal would need to be examined to see whether there is a European market appetite for such a project, Turkey’s foreign minister said. That’s a likely nod toward the fact that Russia is the last country most of Europe wants to be sourcing its energy needs from these days.

REMEMBER– We’re also angling for regional energy supply: Egypt already signed a nine-year MoU with Israel earlier this year to increase gas exports to Europe via Egypt’s LNG facilities. European energy companies will also increase their investment in gas exploration and production in Egypt and Israel, as part of the agreement.

Europe really needs more LNG terminals: More than 35 liquified natural gas (LNG) laden vessels are unable to offload their cargo due to Spain’s gas terminals operating at maximum capacity, Reuters reports. The country is offering just six slots this week, leaving dozens of vessels floating off the Spanish coast. Gas grid operator Enagas declared an “exceptional operational situation” on Monday and said it might have to turn away shipments even as Europe faces an historic energy shortage due to the loss of Russian gas.