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News Archive

Gas

Austria’s CEG hub offers short-term trading options

Austria’s OMV subsidiary, the Central European Gas Hub (CEGH) is now offering market players short-term trading options via standard contracts, according to OMV.In September, 13 traders registered at...

31 Oct 2005 00:00 | EGM

Gas

EGM Comments

The winter is shaping up to be more than ever as a clash of two irreconcilable commercial systems, one based on short term pricing and third party access, the other still basically oil-indexed and...

31 Oct 2005 00:00 | EGM

Gas

Focus on Centrica

Centrica, the UK multi-utility now widely respected, emerged from the dark days of the British Gas de-merger. In some ways the company has been a victim of its own success. It has managed an...

31 Oct 2005 00:00 | EGM

Gas

Gazprom board give final approval to £13.1 billion Sibneft deal

The board of directors at Gazprom gave final approval to the acquisition of a 75.7% stake in Sibneft, the chairman of the Russian gas monopoly announced this month. Dmitry Medvedev, also head of the...

31 Oct 2005 00:00 | EGM

Gas

Gazprom doubles profit amid spiralling operating costs

In its unaudited consolidated interim report for the first quarter of this year Gazprom showed a handsome operating profit of RUB 118767 million, over double last year’s figure of RUB 73917 million...

31 Oct 2005 00:00 | EGM

Gas

Gazprom Jan-Sep production slips but exports increase 9.3%

Gazprom, the Russian gas monopoly, announced a 0.2% year-on-year fall in production for the first nine months of 2005.Gazprom’s output between January and September was 400.7 billion cubic metres...

31 Oct 2005 00:00 | EGM

Gas

German gas prices for residential customers under attack

Almost every single German distribution company has increased prices for residential customers since August this year, most by more than 10%. German gas prices for residential customers in October...

31 Oct 2005 00:00 | EGM

Gas

Interconnector unlikely to run at full capacity

Reverse flow capacity in the Interconnector pipeline (that is, in the direction of Zeebrugge in Belgium to Bacton in the UK) is scheduled to increase to 16.5 Gm3/yr in November in time to meet a...

31 Oct 2005 00:00 | EGM

Gas

Interconnector unlikely to run at full reverse flow capacity

Reverse flow capacity in the Interconnector pipeline (that is, in the direction of Zeebrugge in Belgium to Bacton in the UK) is scheduled to increase to 16.5 Gm3/yr in November in time to meet a...

31 Oct 2005 00:00 | EGM

Gas

Italian state considers sale of 40% stake in STOGIT to Snam

The Italian government is evaluating the possibility of the sale of 40% in storage operator STOGIT to network operator Snam Rete Gas, an official from the Ministry told EGM. He stressed that this was...

31 Oct 2005 00:00 | EGM

Gas

Lower oil prices and increased storage weighs on curve

The curve market started the third week in bullish mood, before reaching a turning point and spending the last week of October in a downward momentum. Lower oil prices and unseasonably mild weather...

31 Oct 2005 00:00 | EGM

Gas

New pipe link between France and Spain

The Euskadour pipeline between France and Spain is due to start imminently according to Total’s transport arm TIGF, which has developed the link. Euskadour will be the second pipeline linking the...

31 Oct 2005 00:00 | EGM

Gas

NEWS Briefs

CompaniesResults - The leading French independent power supplier Poweo achieved sales revenues of EUR 26 million for the third quarter of 2005, up 206% year-on-year from EUR 8.5 million. Net profit...

31 Oct 2005 00:00 | EGM

Gas

Polish KGHM plans gas-fired power plant for 2008

Energetyka, the affiliate of the Polish metals group KGHM Polska Miedz SA plans to build a gas-fired power plant at a cost of PLN 860 million (EUR 214.9 million). Silesia-based KGHM said it was the...

31 Oct 2005 00:00 | EGM

Gas

Proposals on Gazprom share liberalisation submitted to Duma

Valery Yazev, deputy to the Russian Duma and head of the Russian Gas Association has submitted an amendment to the law on gas supply to the Duma, aimed at lifting the 20% restriction on foreign share...

31 Oct 2005 00:00 | EGM

Gas

Russia to hold tender for continental shelf exploration rights

The Russian deputy natural resources minister Anatoly Tyomkin has said that the ministry intended to hold a tender to sell the rights to develop oil and gas production on the country’s continental...

31 Oct 2005 00:00 | EGM

Gas

Shell and Naftogaz look forward to gas exploration venture

Shell Exploration has said Ukraine’s president Viktor Yushchenko is “very supportive” of a prospective gas exploration project between Shell and Ukrainian gas monopoly Naftogaz Ukrainy, following a...

31 Oct 2005 00:00 | EGM

Power

UK Heren Index for November hits another all-time high, at £43.52/MWh

The November 2005 UK power Heren index stands at an all-time high of £43.52/MWh. It is the third new high of the past four months.It is up £4.34/MWh from the October ’05 index of £39.18/MWh (the...

31 Oct 2005 00:00 | EDEM

Gas

UK’s Humbly Grove storage facility to start up in November

The UK’s new storage facility in Humbly Grove is to start injection operations on 4th November, according to owner and operator Star Energy. The site has a total capacity of 3,000 GWh (274.5 million...

31 Oct 2005 00:00 | EGM

Gas

Wingas to take 9 Gm3/yr new gas through Baltic NEGP line

The German gas importer and marketer Wingas said it “has reached a basic agreement with Gazexport on initial deliveries through the “Northern European Gas Pipeline NEGP” of 9 Gm3/yr over 25 years...

31 Oct 2005 00:00 | EGM

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