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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...