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News Archive

Gas

Algeria’s Sonatrach to deliver to UK on 9th November – source

Algeria’s Sonatrach is scheduled to deliver another cargo of LNG to the UK’s Isle of Grain terminal on 9th November, a shipping source told Heren Energy on Wednesday. The cargo is to be delivered on...

31 Oct 2007 00:00 | ESGM

Gas

Austrian regulator approves TPA exemption for Nabucco pipeline project

The Austrian energy regulator, E-Control, has given third-party access (TPA) exemption, subject to certain conditions, for the Nabucco pipeline project and expects the European Commission to give its...

31 Oct 2007 00:00 | ESGM

Gas

Energy consumption in Germany falls on warmer weather

Energy consumption in Germany dropped by 7.5% in the first nine months of 2007 compared with the same prior-year period, the study group AG Energiebilanzen said on Wednesday. Warmer weather was...

31 Oct 2007 00:00 | ESGM

Gas

Eni reports a 11.4% decline in Q3 ’07 net profits on weaker operating results

Eni posted a 11.4% year-on-year fall in net profit for Q3 ’07 to EUR 2.15 billion and a 9% decline in net profit for the first nine months of 2007 to EUR 7 billion, according to statement published...

31 Oct 2007 00:00 | ESGM

Gas

European commodity players gear up for launch of MiFID

The EU Markets in Financial Instruments Directive (MiFID) comes into effect from 1st November. MiFID replaces and expands upon the existing Investment Services Directive (ISD) and in effect is...

31 Oct 2007 00:00 | ESGM

Gas

French stocks nudge down to 98% fullness, Spanish LNG stocks tumble

French stocks nudged down slightly in the week to 28th October, according to figures published by storage operator DGI — Gaz de France’s major infrastructure division — and TIGF, Total’s storage and...

31 Oct 2007 00:00 | ESGM

Gas

French unions call for energy strike mid-November; threaten rolling action

Two of France’s leading unions, CGT and Force Ouvrière are calling for strike action on Wednesday 14th November in response to government plans to tamper with current public sector pension...

31 Oct 2007 00:00 | ESGM

Power

French unions call for energy strike mid-November; threaten rolling action

Two of France’s leading unions, CGT and Force Ouvrière are calling for strike action on Wednesday 14th November in response to government plans to tamper with current public sector pension...

31 Oct 2007 00:00 | EDEM

Gas

Gazprom signs supply deal with Turkey’s Avrasya Gaz

Turkey’s gas industry took another step on the road to market liberalisation on Wednesday, as Gazprom Export confirmed it had signed a supply deal with Turkish company Avrasya Gaz A.S. for 500...

31 Oct 2007 00:00 | ESGM

Gas

Italian market still long for November, even Q1 ’08 offers can’t find bids

The Italian market is still looking long for November, traders said on Wednesday. Those offering gas had found no buyers, but were not discounting prices significantly and the market was extremely...

31 Oct 2007 00:00 | ESGM

Gas

Italian stocks dip to 95.1% fullness as injection season closes

Italian stocks dropped to 95.1% fullness in the week to 29th October, according to the latest data from storage operator Stogit. Storage levels fell week-on-week from 8.25 Gm3 to 8.06 Gm3, as...

31 Oct 2007 00:00 | ESGM

Gas

No UK power or gas shortages this winter – Malcolm Wicks

UK Energy Minister Malcolm Wicks has refuted suggestions that there could be gas and power shortages in the coming winter after the National Grid was forced to call for additional electricity...

31 Oct 2007 00:00 | ESGM

Power

Nordic reservoirs down in Week 43, Norwegian levels drop by 0.4 of a point

Norwegian reservoir levels were down by 0.4 percentage points, to 91.3% fullness, in Week 43, according to the latest data from Nordic power exchange Nord Pool. The levels are now 27.3 percentage...

31 Oct 2007 00:00 | EDEM

Gas

Norway’s decision to axe Troll gas development leaves “huge void” – report

When StatoilHydro officially shelved plans for the 20 billion cubic metre per year Gas Network Expansion pipeline fed by gas from the giant Troll field, Norway’s Ministry of Petroleum and Energy said...

31 Oct 2007 00:00 | ESGM

Power

Portuguese REN 9 month results show fall in net profit

Portuguese grid operator REN’s net profit fell to EUR 144.8 million from EUR 589.5 million for the first nine months of 2007 compared to the same period in 2006. The system operator also said that...

31 Oct 2007 00:00 | EDEM

Power

Shareholders in Russia’s UES approve final restructuring plan

Shareholders in Russia’s UES (Unified Energy Systems) have effectively voted the company out of existence by approving the second and final phase of its restructuring programme. UES said on Tuesday...

31 Oct 2007 00:00 | EDEM

Power

Swedish Vattenfall posts an increase in profit for Q3 ‘07

Vattenfall, the Swedish state-owned power company, posted a Q3 increase of 28.4% to SEK 17,010 million (EUR 1844 million) in profit after tax largely due to reduction of German corporate income tax....

31 Oct 2007 00:00 | EDEM

Power

Swiss hydro and nuclear behind 12.8% rise in power production in July

Swiss power production grew 12.8% year-on-year to 7,065 GWh during July, according to the latest statistics published by the Swiss Energy Office.Hydro production increased 15.5% to 4,532 GWh, while...

31 Oct 2007 00:00 | EDEM

Gas

Total’s ‘cutting edge’ technology opens up new UKCS field

Total UK announced it had started producing gas at a rate of 1.1 Mm3/d at its newly discovered West Franklin field located in the North Sea, the company said in a statement earlier in the week. The...

31 Oct 2007 00:00 | ESGM

Gas

Watchdog rules on capacity allocation between new French balancing zones

French watchdog CRE has decided on how transport capacity between France’s balancing zones should be allocated once three of the zones have been merged in 2009.Merging PEG Nord, PEG Est and PEG...

31 Oct 2007 00:00 | ESGM

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