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News Archive

Gas

Baumgarten balancing agreements hit last minute snag

The long-awaited operators’ balancing agreement (OBA) for Austria’s Baumgarten hub was expected to be signed on Friday 30th January (at the time of going to press), but last-minute amendments have...

30 Jan 2009 00:00 | EGM

Gas

Commission wants to pledge €3.5bn to new energy projects

The EU Commission has lined up a number of energy infrastructure projects that could receive up to EUR3.5bn in funding over the next two years, if the Council of the European Union and the Parliament...

30 Jan 2009 00:00 | EGM

Gas

Dutch TTF: Bullishness returns to TTF as cold weather returns

The TTF turned bullish at the end of this week gaining two and a quarter euros from the previous Friday’s close, with a prolonged period of bearishness coming to a close, as the market finally got...

30 Jan 2009 00:00 | EGM

Gas

E.ON and others could seek compensation from Gazprom

Following the dispute between Russia and Ukraine and the resulting halt to gas flows into western Europe, E.ON Ruhrgas is exploring the possibility of obtaining compensation from Gazprom. A Ruhrgas...

30 Jan 2009 00:00 | EGM

Gas

EGM Comment

The issue of Russian gas transit through Ukraine is not a clear cut commercial dispute. And the lines between the losers and the winners of this complex and opaque conflict are not as...

30 Jan 2009 00:00 | EGM

Gas

Focus on Kazakhstan

In the second of a three-part Focus on Central Asian supply, EGM looks at Kazakhstan.Last year, Uzakbay Karabalin, president of Kazmunaigaz, the state oil and gas company of Kazakhstan, said his...

30 Jan 2009 00:00 | EGM

Gas

French PEG: Lower year on year stocks boost February premium

In France, wholesale gas prices relaxed over the past two weeks as Russian flows to Europe resumed from 20 January following the resolution of the Russia/Ukraine standoff. PEG Nord Day-ahead finished...

30 Jan 2009 00:00 | EGM

Gas

German markets: Premium to TTF trimmed as Russia dispute abates

In Germany over the last few weeks a large premium has opened up between the EGT and its TTF equivalent on both Day-ahead and the front month contracts. This was attributed initially to the...

30 Jan 2009 00:00 | EGM

Gas

GSE urges construction of more commercial storage sites

More than 60 billion cubic metres (Gm³) of commercial underground gas storage (UGS) capacity is slated for completion in Europe by 2015, which would double the European Union’s existing capacity, Gas...

30 Jan 2009 00:00 | EGM

Gas

Island Gas closer to coal bed methane gas production

Government approval means Island Gas (IGas) is closer to generating electricity from its coal bed methane gas site in northwest England, with an audit of likely gas reserves expected within the next...

30 Jan 2009 00:00 | EGM

Gas

Italian PSV: Return of Russian gas triggers bearish sentiment

Despite another period of hefty withdrawals from stocks, prompt and curve prices were lower in Italy, as Russian gas resumed flows and allayed supply fears across Continental Europe. Prices at the...

30 Jan 2009 00:00 | EGM

Gas

Markets Highlight: Storage withdrawals make market jumpy

As February approaches the month’s contract has been the source of interest from traders and banks alike. The impact of high storage withdrawals during the Russia/Ukraine crisis on the rest of winter...

30 Jan 2009 00:00 | EGM

Gas

NBP: Market settles down after Russian gas dispute

The resolution of the Russia-Ukraine gas dispute weighed heavily on prompt and near curve NBP contracts which had originally been well supported by the incident. Interconnector demand in the past...

30 Jan 2009 00:00 | EGM

Gas

News in Brief

InternationalPipeline - The Trans Adriatic Pipeline (TAP) project company has started a seabed survey in the Adriatic Sea to verify the route for the underwater section of the TAP. The survey will...

30 Jan 2009 00:00 | EGM

Gas

Ofgem supports proposal on NTS exit capacity arrangements

The code modification proposal called “Introduction of Enduring NTS Exit Capacity Arrangements” has been supported by Ofgem and will be implemented at the start of the gas day on 1 April 2009,...

30 Jan 2009 00:00 | EGM

Gas

Portugal’s Galp to auction 300Mm3 in February gas release

Portuguese gas incumbent Galp has confirmed further details of its gas tender, to be held on 10 February. Galp is making available a total of 300 million cubic metres (Mm³), with both trading...

30 Jan 2009 00:00 | EGM

Gas

Schröder appointed independent director at Russian TNK-BP

Former German chancellor Gerhard Schröder has been appointed as an independent director of the Russian major TNK-BP. His appointment is part of a general reorganisation of the board following a...

30 Jan 2009 00:00 | EGM

Gas

Spain’s Repsol strikes promising gas discoveries in Algeria

Spain’s Repsol has made three new gas discoveries in gas-rich Algeria, with the total initial test flows reaching more than 1 million cubic metres (Mm³)/day, or the equivalent of 1% of Spanish gas...

30 Jan 2009 00:00 | EGM

Gas

Suspended Mezhregiongaz exchange awaits new directive

The Russian government is continuing talks regarding the granting of permanent status to the Mezhregiongaz (MRG) gas exchange – hitherto it has had experimental status. It is hoped that the exchange...

30 Jan 2009 00:00 | EGM

Gas

Zeebrugge: Prompt basis strengthened by continental demand

At Zeebrugge, prompt basis strength was the consequence of robust continental demand resulting from the suspension of Russian flows through Ukraine. When Russian gas returned via this route, however,...

30 Jan 2009 00:00 | EGM

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