Belgian TSO Fluxys outlined a new market regime for capacity exchanges at its LNG terminal in Zeebrugge on Wednesday. The regime will come into force on 1st February, the TSO said.As of April 2007,...

Recent scale-backs of interruptible entry capacity at Britain’s Easington terminal have left players at the NBP arguing that the current infrastructure planning fails to guarantee a proper...

Days before his death from a heart attack in December last year, Turkmen president Saparmurat Niyazov invited the European Union to participate in a gas-extraction project at a new field in southeast...

Operating profits at Finnish power group Fortum increased by 8% to EUR 1.46 billion in 2006, compared year-on-year, according to full year results released on Wednesday. The positive results were not...

Finnish power group Fortum power generation mix was more diversified during 2006, compared year-on-year, due to the lower hydropower generation capacity and the lack of available nuclear capacity in...

Powernext, the French power exchange, is set to launch a gas platform as the group has been chosen by GRTGaz — the transmission operator controlled by French gas incumbent Gaz de France — to operate...

French independent power and gas supplier Poweo posted on Wednesday a net profit of EUR 8.9 million for the first half of 2006, up 206% from EUR 2.9 million over the same period in 2005. Turnover...

French independent power and gas supplier Poweo posted on Wednesday a net profit of EUR 8.9 million for the first half of 2006, up 206% from EUR 2.9 million over the same period in 2005. Turnover...

The Greek-Italian gas pipeline IGI will offer incremental pipeline capacity to third parties, Italian utility Edison announced.Following a ministerial meeting between Italy’s minister for economic...

The lifting of the emergency import maximisation in Italy from 1st February came as no real surprise to traders on the PSV and has had no real impact on spot prices. “Everyone was long before and...

Ofgem, Britain’s gas and electricity regulator, has called for gas treatment facilities at import terminals to deal with future gas quality issues as Britain becomes evermore reliant on imports.In a...

Novatek, Russia’s largest independent gas producer, announced preliminary gross output figures for 2006 28.70 billion cubic metres (Gm3), a 13.9% year-on-year increase. In the fourth quarter, output...

Scira Offshore Energy has applied to Ofgem for an electricity generation licence, the British energy regulator said on Tuesday. Scira is a joint venture established between Norwegian oil and gas...

For the first time in six years, gas and electricity customers at UK multi-utility Scottish and Southern Energy (SSE) have been told their tariffs will finally come down sometime “within the next few...

Total net withdrawals from Spanish storage rose by around 40% between 23rd January and 29th January, compared with the previous seven-day period (16th January to 22nd January). A sudden cold snap, in...

Swiss hydropower reservoir levels fell by 4.2 percentage points in Week 5, the largest week-on-week fall for more than a year. Reservoir levels fell to 57.8% fullness in Week 5 (23rd-29th January),...

UK independent oil and gas company Tullow Oil issued a trading update on Wednesday, showing that working interest production for 2006 is set to climb 11% year-on-year.Tullow said output averaged...

Britain’s Teesside LNG terminal is to start operations early next month, with the inauguration to take place on 20th February. Excelerate, the US owner and developer of the new offshore terminal,...

The UK’s greenhouse gas (GHG) emissions were 15.3% below 1990 levels in 2005, according to government statistics released on Wednesday. When taking into consideration CO2 reductions under ETS, which...

UK-based Elf Business Energy, a subsidiary of the French gas and oil major Total, will change name to Total Gas and Power as of 1st February, the group announced on Wednesday. “Elf was the first...