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News Archive

Gas

EGM Comments

The destruction of the Skikda liquefaction plant is a tragedy for Sonatrach and Algeria. It is also a warning to the international LNG industry. The talk over the past decade of the emergence of a...

30 Jan 2004 00:00 | EGM

Power

Electrabel’s green unit issues bond

Belgian utility Electrabel’s green energy arm Electrabel Green Projects Flanders is issuing EUR 1 million in bonds from 2nd February. The issue is prices at EUR 250 per bond, with a 4.15% interest...

30 Jan 2004 00:00 | EDEM

Power

Endesa may swap gas assets

Spain’s Endesa is prepared to trade shares in two Portuguese gas distributors with Portugal’s EdP in return for other Portuguese assets, Endesa’s c.e.o. said in a press interview in Madrid. “Being...

30 Jan 2004 00:00 | EDEM

Power

February ’04 Heren French index falls to EUR 32.16/MWh

The February 2004 French Heren monthly index stands at EUR 32.16/MWh, falling over EUR 4.00/MWh from January’s EUR 36.65/MWh. The February index is EUR 4.49/MWh lower than that recorded for January...

30 Jan 2004 00:00 | EDEM

Power

French spot drops as lower demand expected to be met by ample supply

Activity concentrated on the prompt market today with Day-ahead slipping to a low of EUR 24.50/MWh on the back of warmer temperatures dampening demand while supply remains ample. The contract finally...

30 Jan 2004 00:00 | EDEM

Gas

Gas production boosts Norway’s 2003 petroleum output

The preliminary resource accounts for the Norwegian continental shelf as of 31st December 2003 show an increase from 12.8 to 12.9 billion Sm3 o.e. due to an increase both to additional reserves in...

30 Jan 2004 00:00 | EGM

Gas

Gazprom and Belarus still in disagreement over gas price

Russian Gazprom has still not signed a supply agreement for 2004 with Belarus due to disagreement over the price. Sources in Russia tell EGM that Gazprom is asking around $50/th cu me for gas at the...

30 Jan 2004 00:00 | EGM

Gas

Gazprom says it is determined to expand further in Europe

ZGG-Zarubezhgaz-Erdgashandel-Gesellschaft, the Berlinbased gas marketing arm of Russian gas giant Gazprom, is eyeing double-digit gas sales growth through aggressive marketing and acquisitions after...

30 Jan 2004 00:00 | EGM

Gas

Gazprom’s Q3 2003 IAS results disappoint as debt cuts slow

Russia’s Gazprom has posted a sevenfold increase in net profit to RUB 126.44 billion (EUR 3.55 billion) for the first nine months of 2003 on higher European gas prices and sales. But the result was...

30 Jan 2004 00:00 | EGM

Power

German emission allocation plan to reflect industry commitment, says Berlin

Germany´s emission allocation plan will not require the country´s industry to reduce greenhouse emissions beyond its voluntary commitment, a spokesman for the environment ministry said on Friday. The...

30 Jan 2004 00:00 | EDEM

Power

More declines as Pool heads lower

The OTC market moved lower for the third week running reflecting lower Pool prices and unseasonally moderate demand. February Baseload fell again to close the week at EUR 25.50-27.00/MWh. The...

30 Jan 2004 00:00 | EDEM

Gas

Naftogaz Ukraina seeks gas price increases from government

Naftogaz Ukraina seeks gas price increases from government Despite the fact that industrial prices are freely negotiated in Ukraine’s gas market, prices set by the country’s dominant producer...

30 Jan 2004 00:00 | EGM

Gas

NEWS briefs

GermanySales - German gas producer and transmission group BEB Erdgas und Erdöl says its gas supplies to domestic and foreign customers reached in 2003 the highest level in corporate history. The...

30 Jan 2004 00:00 | EGM

Power

Nordic Outages: Fynsværket offline overnight

Danish power company Elsam gave notice on Friday of a planned outage at its Fynsværket coal-fired plant. Unit 7 of the 380 MW plant will be offline from 22:00 on 30th January until 06:00 on 31st...

30 Jan 2004 00:00 | EDEM

Gas

People in the gas industry

Shell chairman Sir Philip Watts said that he would not be resigning from his post despite calls for him to quit following the company’s decision to downgrade its proven reserve estimates. Duncan...

30 Jan 2004 00:00 | EGM

Gas

Poland’s POGC sets sights on selling gas into Germany

Poland will only be able to compete in an enlarged European gas market if interconnections are built with its neighbours, says Pawel Kaminski, vice president of state oil and gas companyPOGC. Poland...

30 Jan 2004 00:00 | EGM

Power

Q2 and Q3 rise in thin trading

Prices were mixed this week with strong rises for Q2 and Q3 ‘04 Baseload but a decline for Calendar ’05 Baseload. Traders said the quarters rose in a thin market on buying by producers while there...

30 Jan 2004 00:00 | EDEM

Power

S&P affirms Dutch Nuon rating at ‘A+/A-1’; raises generation to ‘A+’

Standard & Poor’s Rating Services has affirmed its ‘A+’ long-term and ‘A-1’ short-term corporate credit ratings on Netherlands-based energy utility N.V. Nuon. At the same time, the agency raised its...

30 Jan 2004 00:00 | EDEM

Gas

TSO’s continue to under perform in offering grid access

MANY European transmission system operators (TSOs) continue to fall short of good industry practice in opening their pipelines to third parties, according to the second compliance overview prepared...

30 Jan 2004 00:00 | EGM

Power

UK’s energywatch embraces MPs switching compensation proposal

Independent watchdog, energywatch, has welcomed a proposal put to the House of Commons on Tuesday to oblige companies to pay compensation to customers whose gas and electricity suppliers were...

30 Jan 2004 00:00 | EDEM

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