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News Archive

Gas

Arab Gas Pipeline link to Europe via Turkey draws closer

Plans to extend the Arab Gas Pipeline (AGP) and allow Egyptian gas to reach Europe (via Turkey) were pushed forward this month as Russian company Stroytansgas signed a deal with the Syrian Gas...

31 Oct 2008 00:00 | EGM

Gas

Dutch TTF: Prompt bullish on colder weather, curve follows oil down

The TTF prompt mostly pursued an upward trajectory in the last two weeks, pushed up by the NBP and colder weather. Mid-month, the market was spooked by an explosion at the British St. Fergus...

31 Oct 2008 00:00 | EGM

Gas

EGM Comments

This month’s accord between Ukraine and Russia over supply and transit of gas for the next three years should usher in a period of increased transparency for Ukrainian imports, with the removal of...

31 Oct 2008 00:00 | EGM

Gas

Eni closes deal for Distrigas and sale of Italian assets

Italian oil and gas incumbent Eni closed its acquisition of 57.25% in Belgium’s Distrigas tis month and agreed the sale to Suez of several assets and some long-term power and gas supply contracts....

31 Oct 2008 00:00 | EGM

Gas

Eon Gas Storage to market on a facility-specific basis

As of 1st April 2009, Eon Gas Storage (EGS) will market storage capacities exclusively on a facility-specific basis, as part of a new product, the company announced this month. This new approach...

31 Oct 2008 00:00 | EGM

Gas

French PEG: Prompt rallies as curve interest wanes on lack of confidence

In line with the trend in neighbouring markets, the French prompt saw a consistently bullish trend throughout the second half of October, on colder weather and rampant demand. PEG Nord Day-ahead rose...

31 Oct 2008 00:00 | EGM

Gas

French secondary cross-border platform hinges on regulator

French regulator CRE is still assessing responses from market participants following a consultation regarding secondary capacity trading on the GRTgaz grid, CRE told ICIS Heren this month. The...

31 Oct 2008 00:00 | EGM

Gas

German markets: EGT curve picks up; BEB remains mostly illiquid

The German hubs mimicked trends at neighbouring markets since the middle of October. But there was the odd moment, when EGT or BEB developed a life of their own. At the BEB, this could be due to a...

31 Oct 2008 00:00 | EGM

Gas

GVS plans new link to TENP pipeline in southwest Germany

German TSO Gasversorgung Süddeutschland (GVS) Netz is planning a new pipeline that would create an additional link between the TENP pipeline and the Stuttgart region, the company has announced. The...

31 Oct 2008 00:00 | EGM

Gas

Italian PSV: Curve falls on gas and oil markets

Prompt and near curve contracts on the Italian OTC market firmed at the beginning of the two-week period on the back of a higher oil-indexed Gas Release formula and a more bullish TTF. However a...

31 Oct 2008 00:00 | EGM

Gas

Kazakhstan will consider supplying the Nabucco pipeline

Kazakhstan is considering supplying the Nabucco pipeline project, said Askar Batalov, the executive secretary of the country’s ministry of energy and mineral resources, during the Confidence Energy...

31 Oct 2008 00:00 | EGM

Gas

Markets Highlight: Summer contracts move into contango

Activity on the back end of the NBP curve is beginning to pick up and this has resulted in a clear contango between Summer ’09 and Summer ’13 opening up over the past couple of weeks. The price gap...

31 Oct 2008 00:00 | EGM

Gas

NBP: Weather-led fundamentals direct prompt

NBP prompt prices continue to be volatile and have firmed over the past couple of weeks, as the UK enters a cold snap. Interest in the curve has been fairly limited due to ongoing volatility in Brent...

31 Oct 2008 00:00 | EGM

Gas

Netherlands says “greater transparency” needed to secure LNG

EU governments need to achieve ‘’greater transparency” in European gas markets in a bid to reassure LNG producers they will have “security of demand”, Dutch minister of economic affairs Maria van der...

31 Oct 2008 00:00 | EGM

Gas

News in Brief

DenmarkE&P - Denmark’s Dong Energy has submitted a field development plan to the Norwegian authorities for its Trym gas and oil field, located in the Norwegian sector of the North Sea. The cost of...

31 Oct 2008 00:00 | EGM

Gas

News in Brief: German EWE increases stake in Turkish supply subsidiaries

German EWE has become the majority shareholder in Turkish companies Bursagaz and Kayseri Dogalgaz, the Oldenburg-based energy supplier said this month. EWE increased its stakes in the two companies...

31 Oct 2008 00:00 | EGM

Gas

News in Brief: Volumes are down in the latest Mezhregiongaz session

A total of 51.3 million cubic metres (Mm3) traded in the latest Mezhregiongaz (MRG) auction on 20th October, according to figures published on MRG’s website. Gazprom’s sales accounted for 25.2 Mm3,...

31 Oct 2008 00:00 | EGM

Gas

Russia, Iran and Qatar discuss OPEC-styled “gas troika”

Russia, Iran and Qatar—the world’s largest natural gas reserve holders—are considering formation of a natural gas organisation similar to OPEC. During a meeting in Tehran this month, the three states...

31 Oct 2008 00:00 | EGM

Gas

Slovak gas firm anticipates decrease in transit volumes due to competition

Eustream, the recently renamed and unbundled gas transport affiliate of the Slovak national gas company SPP, “anticipates decreases in transit volumes through Slovakia as competing transit projects...

31 Oct 2008 00:00 | EGM

Gas

Zeebrugge: Prompt levels recover, curve bearish on the back of oil

At Zeebrugge, the second half of October saw prompt prices more than recover the ground they had lost during the first half of the month. This was on a combination of colder weather and sustained...

31 Oct 2008 00:00 | EGM

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