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News Archive

Gas

Belgian/French review: Prompt basis plunge reflects tempered gains on continent

The Belgian prompt generally tracked NBP gains throughout the week, driven by decreasing temperatures. Day-ahead at Zeebrugge rose from 35.6p/th on 22 January...

29 Jan 2010 19:18 | ESGM

Emissions

Bulgarian utility holds tender to cover ERU shortfall

Bulgaria's biggest power generator, NEK, is looking to buy carbon credits, so it can honour a supply contract with Austria.NEK is holding a tender...

29 Jan 2010 18:28 | EDCM

Power

Continental review: Cold drives bulls into the front week forwards

The Week-ahead contracts on the French and German prompts moved in line as continuing cold weather forecasts drove traders to the buy side. On the far curve,...

29 Jan 2010 18:21 | EDEM

Power

France ups support for biomass cogeneration

France is investing heavily to meet its 2020 target to develop combined heat and power (CHP) biomass-fired power plants. The country's ministry of ecology,...

29 Jan 2010 17:46 | EDEM

Gas

Gas outlook

NBPLess LNG is forecast to arrive into UK terminals next week, which, combined with the colder forecast, has been supporting the front month. By Friday,...

29 Jan 2010 19:12 | ESGM

Gas

Gazprom, Hungary sign South Stream accord

Russia's Gazprom and the Hungarian Development Bank (MFB) on Friday signed documents establishing a joint venture (JV) that will implement the Hungarian...

29 Jan 2010 18:12 | ESGM

Gas

German/Dutch review: Prompt reaches substantial highs as continent freezes

As the continent continues to experience temperatures well below the seasonal norm, prices have been bullish for most of the week at the TTF and German hubs....

29 Jan 2010 17:04 | ESGM

Power

January sees first rise in Spanish demand since Oct ‘08

Spanish electricity demand saw its first increase in 15 months in January to reach 23.6TWh, grid operator REE said on Friday. The rise is 0.2% year on year,...

29 Jan 2010 17:03 | EDEM

Gas

Mid-range UK stocks slide again on firm prompt

Medium-range UK storage stocks continued to decline over the past week as overall fullness dipped further below the five-year average, National Grid data...

29 Jan 2010 19:18 | ESGM

Power

Netherlands: TTF gas hike triggers power price surge

Dutch contracts gained ground during week 4, driven by cold-related hikes on the TTF gas market. Price rises were strongest on the prompt and near curve,...

29 Jan 2010 18:53 | EDEM

Gas

Netherlands: TTF prompt forced up on cold weather but curve trade stalls

The TTF was divided on Friday, with the prompt putting in a generally robust performance while the curve weakened on an almost wholesale basis.At...

29 Jan 2010 19:48 | ESGM

Gas

Northern Irish regulator opens consultation on price control

The Northern Ireland Authority for Utility Regulation (Utility Regulator) issued a report on Friday inviting comment on its aim of aligning the price controls...

29 Jan 2010 16:52 | ESGM

Power

Outlook

UKNational Grid data published on Friday indicated possible system tightness at the start of next week in the event of unexpected supply outage. The...

29 Jan 2010 18:29 | EDEM

Gas

Petrom gas arms merge to form client-friendly interface

Petrom, the largest oil and gas producer in southeastern Europe, is to integrate its marketing and gas purchase arms within one division from next month.The...

29 Jan 2010 17:43 | ESGM

Gas

Progress on planning for LNG-related UK pressure unit

Planning officers at the UK Tewkesbury Borough Council have said the committee should next week recommend the construction of a pressure reduction installation...

29 Jan 2010 19:43 | ESGM

Power

Romania backs power sector overhaul

The Romanian government has approved plans to overhaul its power sector, which will see two state-run companies - Electra and Hidroenergetica - competing...

29 Jan 2010 16:58 | EDEM

Power

Romanian intra-day market to come on stream next week

Traders have welcomed the launch of Romania's pilot intra-day platform on Monday, claiming it will bring extra liquidity to the market.The pilot project...

29 Jan 2010 17:37 | EDEM

Power

UK review: Far curve succumbs to bears as short-term nature of drivers exposed

Near-curve contracts dealt with substantially bullish weather-driven sentiment for the duration of Week 4, which initially fed through to the far curve.But...

29 Jan 2010 18:01 | EDEM

Power

UK: Prompt extends gains; curve support falters

Short-term contracts recorded another bullish performance on Friday to round off a week of strong gains. The Weekend and Week 5 contracts clocked up a day-on-day...

29 Jan 2010 19:31 | EDEM

Emissions

US emissions target conditional on domestic law

The US has now submitted proposed emissions targets under the Copenhagen Accord.The US told the UN it would stick to its previously announced target...

29 Jan 2010 18:19 | EDCM

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