Switzerland-based electricity company Aare-Tessin for Electricity (Atel) has acquired the Moravske Teplarny thermal power plant in the Czech Republic from the American energy group owned by Cinergy...

American oil and gas exploration and production company Chevron has reported a net income of $3,594 million (EUR 2.96 billion) in the third quarter of 2005, a rise of 12% from the same period last...

The 40th cargo sailed recently from the Damietta liquefaction plant on Egypt’s Nile Delta, executives involved in building the plant said this week.“There is a shipment every five days. We should be...

The construction of BG’s Dragon LNG terminal is three months ahead of ExxonMobil’s South Hook at the UK beauty spot they share with several oil refineries at Milford Haven, Wales.“We’ll finish first,...

The UK’s Drax Group has issued its prospectus for its planned refinancing and listing programme, and reported that it is trading in line with expectations for 2005. On Friday Drax Group, which...

E.ON Energie, the Munich-based central European gas and power arm of Germany’s biggest energy utility E.ON AG, plans to lower its power network access charges, according to an interview with the...

The IPO of Polish power company Elektrownia Kozienice on the Warsaw stock exchange, which had been scheduled for 7th November, has been delayed as Poland’s new government is still being formed, a...

The French government officially launched the long-awaited Initial Public Offering (IPO) of 15% of national power incumbent EDF on Friday by announcing indicative share prices for public and...

Ernst & Young, the global consultancy firm, warned on Friday that the UK’s oil and gas industries should brace themselves for taxes rises.“As pressure mounts for the Chancellor to come up with...

The part played by the US benchmark Henry Hub in setting LNG prices worldwide was hailed by leading lights in the gas business at a conference this week.“A global Nymex-based market” will emerge in...

Claude Mandil, executive director of the International Energy Agency, is a shrewd operator. A member of the French establishment who 12 years ago, as the top civil servant in the industry ministry,...

Spanish wind farm company Gamesa has agreed a EUR 900 million deal to supply 700 MW of wind power capacity to Spanish electricity producer Iberdrola, according to a statement released by Gamesa on...

UK, the operator of the Bacton/Zeebrugge Interconnector, announced on Friday that its planned pipeline expansion is now expected to be ready on 8th November, a week later than its last estimated...

Royal Dutch Shell has three new liquefaction plants starting now or in the next few months with capacity of almost 12 million tonnes per annum, executives said this week. “The third train in Oman is...

Study for German terminalE.On, Germany’s largest energy supplier, said this week that it will carry out a feasibility study for an LNG terminal it plans to build on the Baltic coast at Wilhelmshaven....

Portugal’s energy major EDP reported a year-on-year net profit increase of 27.1% to EUR 353.4 million in the first nine months of 2005.EBIT rose 14.1% year-on-year to EUR 766.5 million in the first...

LNG took another step towards becoming a larger part of the US energy mix this week when Sempra agreed in principal on the third long-term lease of capacity at its Cameron terminal on the Gulf of...

Supply problems remain an obstacle for Cheniere Energy’s efforts to obtain LNG imports despite the financial resources of its venture with Morgan Stanley, say US consultants.“The money still flows to...

Romania’s electricity transmission operator Transelectrica has registered a EUR 27.7 million profit for the first nine months of 2005, a 151% increase on Q1-Q3 2004. The company listed a EUR 219.1...

Tight supply and more US import terminals mean that prices in the US will force up prices paid by Asian importers, the chief executive of Australian oil and gas group Woodside said last week.However,...