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News Archive

Power

British Energy plans relisting for mid-January, extends ‘long stop’ date

British Energy, the nuclear generator, has confirmed plans to re-list its shares in mid-January, but said that it is in the process of gaining approval for a two-month extension of its Credit...

30 Nov 2004 00:00 | EDEM

Gas

Bundeskartellamt turns spotlight on German gas industry

Germany’s competition authority – the Bundeskartellamt – is currently investigating three issues in Germany’s gas sector: the widely criticised residential price hikes, the use of oil as an escalator...

30 Nov 2004 00:00 | EGM

Gas

ConocoPhillips raises share in Russia’s Lukoil to 10 percent

ConocoPhillips has now raised its 7.6% share in Russian oil major Lukoil to 10%, Lukoil told EGM. ConocoPhillips bought its initial stake in Lukoil in September (see EGM 11.09.2). Conoco’s...

30 Nov 2004 00:00 | EGM

Power

Coordinated action called for to ensure EU supply security

Improved communication and greater coordination of action between member states and their respective Transmission System Operators (TSOs) were among the measures recommended to ensure greater...

30 Nov 2004 00:00 | EDEM

Power

Cost of capacity from Belgium to Netherlands rises in 2005 auctions

The cost of annual cross-border transport capacity from Elia’s transmission grid in Belgium to the Netherlands nearly doubled from 2004 to EUR 18,921.60/MW for the year 2005, Dutch transmission grid...

30 Nov 2004 00:00 | EDEM

Power

E-Control orders New Year reduction in Austrian network fees by up to 20%

Austria is set to reduce its network grid tariffs by up to 20% on 1st January 2005, which could result in a reduction of 8% in end user electricity prices, according to the energy regulator E-Control...

30 Nov 2004 00:00 | EDEM

Power

EDEM begins publishing IPE UK Electricity Futures data

As of today, EDEM begins publishing IPE UK electricity futures closing data. The IPE, Europe’s leading energy exchange, launched its UK electricity futures contract in September and since then...

30 Nov 2004 00:00 | EDEM

Gas

EGM Comments

The political crisis in the Ukraine raises questions about the security of Russian gas supplies in transit to western Europe. Early indications are that, barring an outbreak of prolonged anarchy,...

30 Nov 2004 00:00 | EGM

Gas

Gazprom confirms intent to bid in Yuganskneftegaz auction

The c.e.o. of Gazpromneft, Gazprom’s recently formed oil production subsidiary, Sergei Bogdanchikov, is reported to have said that Gazprom will be bidding in the auction for Yuganskneftegaz - the...

30 Nov 2004 00:00 | EGM

Gas

Gazprom’s poor H1 results exacerbated by Sibur and rouble

Gazprom’s IAS results for the first half of 2004 have been surprisingly poor and seem to have been caused by a combination of factors, including the inclusion of petrochemical affiliate Sibur in...

30 Nov 2004 00:00 | EGM

Power

German parliament sets second hearing on gas regulation for mid-December

Germany´s lower house of parliament (Bundestag) has scheduled a second expert hearing on changes to the national energy law for mid-December due to the lack of progress in the definition of gas...

30 Nov 2004 00:00 | EDEM

Gas

Lampertheim deal revives prospect of inland German trade

A Calendar 2005 gas trade towards the end of November at Lampertheim, southwest of Frankfurt, has revived prospects of trading at the pipeline hub originally chosen by Enron as the place to kickstart...

30 Nov 2004 00:00 | EGM

Power

More work needed on GB-wide transmission charges — Ofgem

British regulator Ofgem has stated that neither of National Grid Company’s (NGC’s) existing proposals on transmission charges for the Great Britain (GB) electricity market meet the relevant...

30 Nov 2004 00:00 | EDEM

Gas

NEWS briefs

AlgeriaLNG - A Spanish consortium of Gas Natural and Repsol YPF has won the contract to carry out a EUR 3 billion integrated LNG project in Algeria. The consortium will invest about EUR 1.62 billion...

30 Nov 2004 00:00 | EGM

Gas

Ofgem focuses on Sean in ongoing UK price investigation

British energy regulator Ofgem is seeking additional information from Centrica, Shell, ExxonMobil and BP regarding the flow of gas from the Sean field as part of a “detailed assessment” of whether...

30 Nov 2004 00:00 | EGM

Gas

People in the gas industry

Latvia’s Andris Piebalgs has been appointed the new Energy Commissioner of the European Commission after the European Parliament voted in favour of a reshuffled executive body, led by former...

30 Nov 2004 00:00 | EGM

Power

Prompt weaker on healthy supply, lower demand

The French prompt market weakened as market conditions returned to ‘normal’ after the strike-inspired bullishness of Monday’s market. In the event, traders said that the industrial action had had...

30 Nov 2004 00:00 | EDEM

Gas

Qatar/ExxonMobil LNG terminal in UK gets TPA exemption

Ofgem, the British energy regulator, has granted ExxonMobil and Qatar Petroleum exemption from regulated third party access to its planned LNG terminal, South Hook, at Milford Haven. The regulator is...

30 Nov 2004 00:00 | EGM

Power

Swiss reservoirs fall in Week 48 to 82.2% fullness

Swiss hydropower reservoir levels decreased by 3 percentage points last week to 85.2% fullness according to data from the country’s federal energy office, the BFE. This is the third consecutive...

30 Nov 2004 00:00 | EDEM

Gas

Total to invest nearly EUR 5 billion to develop Vankor field in Siberia

France’s Total is to invest around EUR 4.7 billion in the remote Vankor field in western Siberia, according to French media reports. The Vankor field has gas reserves of around 75 billion cubic...

30 Nov 2004 00:00 | EGM

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