Italy, the UK, and Romania are slated to lead upcoming underground gas storage (UGS) project starts in Europe through 2030, underpinned by robust infrastructure, suitable geology—especially depleted fields that can be converted faster and cheaper when compared to new sites, and measures aimed at reducing reliance on imports, particularly from Russia. Italy is poised to lead Europe in terms of the UGS project starts, with 13 projects due to come online during the 2026 to 2030 outlook period. The country i ...

Brookfield’s Rockpoint Gas Storage Inc. raised about $504.5 million in an IPO, pricing its shares at the top of a the marketed range https://t.co/QrA9tevNQA ...

Uniper requests approval to shut one of Germany’s largest gas storage sites https://t.co/qNmYdMu9tV ...

Group 1 - Rockpoint Gas Storage, a North American natural gas storage platform, is backed by Brookfield Asset Management [3] - The company has filed for a Canadian initial public offering (IPO) [3] - The Toronto listing will include both new shares and existing shares [3]

Core Viewpoint - New Zealand Energy Corp. has successfully completed a non-brokered private placement of common shares, raising gross proceeds of C$2,718,640, and has settled outstanding debts through share issuance [1][2][3] Group 1: Private Placement Details - The company issued 15,103,556 common shares at a price of C$0.18 per share [1] - The proceeds will be used for the Tariki gas storage project, debt settlement with Vliet, and general working capital [2] - All common shares issued are subject to a hold period expiring on November 19, 2025 [2] Group 2: Debt Settlement - NZEC settled a debt of $300,000 to Charlestown Energy Partners by issuing 1,666,667 common shares at a deemed price of C$0.18 per share [1] - The company also issued 1,000,000 common shares to Vliet to terminate an outstanding loan of C$2,000,000 plus accrued interest [1][2] Group 3: Related Party Transactions - The private placement and debt settlement involve related parties, including directors of NZEC and companies controlled by them [3] - Charlestown's ownership increased from approximately 8.63% to 11.87% of the total issued shares post-transaction [4] - Frank Jacobs, a director, saw his ownership decrease to approximately 8.41% after the transaction [5]