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News Archive

Gas

Abu Dhabi’s TAQA buys North Sea Brae assets from Talisman

Talisman Energy, the UK-based subsidiary of Canadian oil and gas company Talisman, has sold its entire stake in the Brae assets in the North Sea to a subsidiary of the Abu Dhabi National Energy...

31 Jan 2007 00:00 | EGM

Gas

Azeri Shah-Deniz well problem forces another shut down

Gas output at the Shah-Deniz field, offshore Azerbaijan, has once again been shut in after a pressure increase in the gas producing section of the only producing well, just days after production had...

31 Jan 2007 00:00 | EGM

Gas

Dutch TTF: High storage levels keep bears out in spite of cold weather

The price erosion showed no signs of letting up at the Dutch TTF during the second half of January. A cold spell temporarily drove up prices by the end of the fortnight, but gas from...

31 Jan 2007 00:00 | EGM

Gas

First stage in French debottlenecking due this summer

The first in a series of projects to debottleneck the French gas network should come on-stream this summer, according to French TSO GRTgaz. The project – a compressor station in Cuvilly in...

31 Jan 2007 00:00 | EGM

Gas

Focus on Lukoil

“Natural gas is a very attractive business” said Gennady Krasovsky of the Russian oil major Lukoil at his company’s press gathering in London at the end January. “Our average profit margin on gas is...

31 Jan 2007 00:00 | EGM

Gas

France: PEG Nord active as French stocks see highest winter withdrawal

The mood was bullish on the back of anticipated colder weather. This reflected in PEG Nord Day-ahead and WDNW climbing to EUR 14.75/MWh and EUR 16.25/MWh respectively. The bears were back later...

31 Jan 2007 00:00 | EGM

Gas

Gazprom takes 50% of RosUkrEnergo from Gazprombank for $2.36 million

Russian Gazprom and Gazprombank this month completed the transfer of a 50% stake in gas intermediary RosUkrEnergo (RUE) from the bank to the gas monopoly.Gazprom has bought one half of RUE, a trading...

31 Jan 2007 00:00 | EGM

Gas

GDF sets new provisional timetable for its merger with Suez

Gaz de France will hold an extraordinary shareholders’ meeting on 25th June to endorse its planned merger with French multi-utility Suez.In a board meeting held this month, GDF confirmed its...

31 Jan 2007 00:00 | EGM

Gas

German markets:prompt length negates cold snap bulls

The last two weeks have seen mild price increases on the German prompt due to a brief cold snap. However, the market’s resistance to the short cold spell underlined the increasing length in Germany,...

31 Jan 2007 00:00 | EGM

Gas

Germany’s first gas exchange will concentrate on two areas

Market players in Germany are upbeat over plans to allow trading of gas products (both spot and curve) on the EEX from this October. The bourse will present its plans in detail on 6th of February at...

31 Jan 2007 00:00 | EGM

Gas

Italian court throws out tariff decree 248 after two years

Italy’s Consiglio di Stato announced this month that it had completely rejected Delibera 248, a tariff ruling from the Italian energy regulator made in December 2004, aimed at capping the cost of gas...

31 Jan 2007 00:00 | EGM

Gas

Italian producers and importers to sell gas to OTC market

Italian gas producers and importers may be forced to sell a portion of their gas to the OTC market, the Economic Development Ministry announced this month.The proposal forms part of the government’s...

31 Jan 2007 00:00 | EGM

Gas

Italian PSV: PSV prices fall again as stocks build; trade still frozen

Trade has been frozen in Italy for the last two weeks as import maximisation has continued and there are no buyers. The offers kept coming down but were meeting with little interest as Italian stocks...

31 Jan 2007 00:00 | EGM

Gas

Last obstacle removed to Gazprom acquisition of producers

It has emerged in Russia that the Moscow court of arbitration took a decision last summer which removed the last remaining formal obstacle to Gazprom’s acquisition of production assets in Russia – a...

31 Jan 2007 00:00 | EGM

Gas

NBP: Cold snap triggers higher demand but prices still sag

The latter half of January brought the first real test for Britain’s gas system so far this winter, in what otherwise has been an eerily mild season. Supplies into Britain remain healthy and prices...

31 Jan 2007 00:00 | EGM

Gas

News Briefs

DenmarkGas release — Denmark’s incumbent gas supplier Dong Energy has confirmed the date of its second gas release auction — April 26th — according to a company announcement this month.The process...

31 Jan 2007 00:00 | EGM

Gas

Poland drops Danish imports plan but Gazprom row continues

Polish Oil and Gas Company (PGNiG) has denied that it is resigning from cooperation with Danish Dong. PGNiG spokesman Tomasz Fill told the Polish press that the protocol signed on 17th January on...

31 Jan 2007 00:00 | EGM

Gas

Russian Gazprom takes control of Sibneftegaz from Itera

Russian Gazprom has now acquired 51% of Itera’s main production affiliate Sibneftegaz for $131 million, reports Russian daily Vedomosti – the deal was first announced last February. The purchase was...

31 Jan 2007 00:00 | EGM

Gas

What do falling spot prices mean for storage players?

The continued drop in NBP and Zeebrugge prompt prices as this winter progresses has left the wholesale spot market well below Continental long-term oil-linked contract prices. Currently, Q1 ’07...

31 Jan 2007 00:00 | EGM

Gas

Zeebrugge Hub: Accumulated length keeps bulls at bay during cold snap

A bearish prompt weighed down curve contracts throughout the fortnight. Long supply that has been building up during the mild winter kept any bulls at bay even during a brief cold snap and contracts...

31 Jan 2007 00:00 | EGM

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