The UK is “on the precipice of a gas crisis”, says former UK energy minister Colin Moynihan, and a “new and dynamic relationship based on trust” was required with Norway to help to avert that crisis....

Blugas, which manages the gas supplies of ten Italian municipal suppliers, says it will have to hold back on expansion for a year because of the difficulty it continues to experience securing import...

UK generator British Energy said late on Thursday that it had agreed a temporary £75 million increase in its government loan facility, to £275 million. The increase, granted by Patricia Hewitt, the...

Activity focused on the Calendar ’04 Baseload period on Thursday, the period dealing between EUR 31.40/MWh and EUR 31.70/MWh in thin liquidity. It ended EUR 0.25/MWh softer, falling a touch more than...

Most signatory countries to the Kyoto protocol are still a long way off from meeting their agreed targets, according to the latest weekly report published this week by the German institute for...

Decreasing demand for shares in German municipal utilities has depressed prices for Stadtwerke holdings, The Heren Report has learnt from several market sources recently. The departure of major US...

DONG Transmission, Denmark’s state-owned gas transport company has set up a study group with the Nord Pool exchange to look at the possibility of establishing a Danish gas-trading hub, DONG said in a...

Germany’s E.On will not face severe reductions in power revenue wrought by the country’s forthcoming national regulator in 2004, according to a newly published report by investment bank Lehman...

Electricidade de Portugal (EDP) said it had acquired options to buy stakes in two gas distribution companies for a total of EUR 151.3 million.The utility purchased an option to buy 46.3% of Portgas...

The European Federation of Energy Traders elected four new members to its board at the association’s general meeting on Monday. The four are: Petter Longva, head of electricity trading and analysis...

Electricite de France has stopped one of its nuclear reactors in the week to 23rd November. According to the latest data from France’s Ministry of Industry, Belleville 2 (1,300 MW) was stopped on...

Gas sales at Gaz de France Germany will amount to around two terawatt hours (TWh) from the beginning of next year with customer numbers totalling almost ten, after the company won new customers...

The generation arm of Greek state-owned electricity company PPC plans to establish a trading unit soon and is applying to join Germany’s power bourse, Christos Poseidon, director of PPC’s department...

The December ’03 Heren Index rose to 31.880 p/th, the highest ever level for any month since the index began in April 1995. It surpasses the previous high of 29.678 p/th for January 2001 by over 2...

Bank JP Morgan has reported that around 40 companies had expressed interest in National Grid Transco’s planned sale of up to four UK natural gas distribution networks, and included UK and continental...

Nordic Power Exchange is to change its current options settlement procedure to the OTC market procedure with effect in 2006. The present system of cash settlement on exercise day used by Nordic will...

Ringhals AB said that its 600 MW Barseback 2 nuclear reactor would be back in operation on 11th December, having started the reset after completion of maintenance work on the leakage from the reactor...

Vattenfall said the planned end of its Harsprånget G5 hydro plant outage would be delayed by a further day to 28th November 2003 with expected return to production now at 15.00. ENERGI E2 has also...

Austrian oil and gas major, OMV AG, has decided to make Russia a core area for future production growth, a spokesman for the company confirmed on Thursday. Speaking at a press conference this week,...

The UK Power Trade Forum (PTF) said this week that it elected three new members to its Power Trading Committee at its Annual General Meeting. Paul Beynon, head of trading at Innogy, Namesh Hansjee,...