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News Archive

Gas

Baumgarten hub to offer Within-day trading soon

The Central European Gas Hub (CEGH) – otherwise known as Baumgarten – will offer Within-day trading services over the next few weeks, said Bernhard Seiberl, front office manager at the CEGH this...

30 Nov 2007 00:00 | EGM

Gas

Dutch Bergermeer storage capacity to be higher than anticipated

The planned storage site at Bergermeer in the Netherlands will have a working volume of around 3.2 billion cubic metres (Gm³) of gas, according to developer Taqa. It had previously estimated the site...

30 Nov 2007 00:00 | EGM

Gas

Dutch Gasunie to buy German BEB’s transport division

Dutch gas infrastructure company Gasunie has successfully completed negotiations to purchase the gas transport division of the north-German company BEB Erdgas und Erdöl GmbH (BEB), essentially...

30 Nov 2007 00:00 | EGM

LNG

EDF Trading works on collaboration to build its LNG presence

EDF Trading (EDFT), part of French gas and power provider EDF, recently announced an agreement with Japan’s Chubu Electric Power Company, to establish a new coal business.Philippe Torrion, EDFT’s...

30 Nov 2007 00:00 | GLM

Gas

Focus on The Stadtwerke

The Stadtwerke are heading for a slow and inevitable demise – that was the view a number of experts took when market liberalisation started to unfold in Germany. But the Stadtwerke remain a major...

30 Nov 2007 00:00 | EGM

Gas

Gas prices and demand set to grow in Slovakia

Slovak gas prices will increase from 2009 when the country’s current 10-years supply agreement with Gazprom expires, Dušan Randuška, sales director of the Slovak state-controlled gas supplier...

30 Nov 2007 00:00 | EGM

LNG

Gassi Touil contracts did not mention delays as cause for termination – press

The conflict triggered by Spanish LNG consortium Stream’s hasty exit from the Gassi Touil project in Algeria continues. Neither the Stream partners – Spanish gas incumbent Gas Natural and...

30 Nov 2007 00:00 | GLM

Gas

Gazprom Germania to build giant storage facility in Germany

Gazprom Germania has announced plans to build Europe’s biggest gas storage facility in North-Eastern Germany over the next five years. The company has already acquired the site near Hinrichshagen,...

30 Nov 2007 00:00 | EGM

Gas

Gazprom moots 20-25 Gm3 exchange-based trading by 2011

Gazprom has plans to develop the company’s exchange-based trading in Russia, Elena Karpel, head of Gazprom’s department for economic examination and pricing said at a press briefing in London this...

30 Nov 2007 00:00 | EGM

Gas

Gazprom warns Europe of impending price rise

The price of Russian wholesale gas to western Europe is set to rise next year (see comment on page 16) as the rising cost of oil feeds into long term contracts, according to Gazpr­omExport Director...

30 Nov 2007 00:00 | EGM

LNG

Italian pipeline enthusiasm threatens LNG market potential

Italy, a country swamped in bureaucracy, seems to be making more progress on its pipelines than its current batch of regas projects. A significant recent development was the decision by Gazprom and...

30 Nov 2007 00:00 | GLM

Gas

Market players shy away from BBL interruptible capacity

There has been no interest for interruptible forward capacity through the Dutch/UK BBL pipeline, an official at the BBL Company told Heren Energy. As announced earlier this month (see EGM 14.11.1,...

30 Nov 2007 00:00 | EGM

Gas

Markets Highlight – reasons to be bearish?

All European spot prices came under pressure in the last week of November as temperatures were consistently above seasonal normal. This lead to some selling of the Q1 ’08 and peak winter months, as...

30 Nov 2007 00:00 | EGM

Gas

MOL plans to tap into Turkmen gas industry

Hungarian oil and gas company MOL is interested in purchasing Turkmen gas to be shipped to Europe though alternative pipelines, including Nabucco, as well as investing in the country’s upstream...

30 Nov 2007 00:00 | EGM

Gas

More storage and interconnection needed for Spanish hub

A virtual Spanish gas hub remains some way off, in spite of a recent boom in over-the-counter trading, the president of industry association Sedigas, Antoni Peris Mingot told Heren Energy. Tighter...

30 Nov 2007 00:00 | EGM

Gas

News Briefs

AustriaTransit - Eni Gas & Power is offering 20,000 cubic metres per hour (m³/h) of firm transport capacity on the TAG pipeline for Q1 ’08. The capacity will be offered in two lots, each of 10,000...

30 Nov 2007 00:00 | EGM

LNG

News in brief

El Paso buys half Pascagoula terminalEl Paso Corporation subsidiary Southern Natural Gas Company (SNG) has agreed to buy a 50% interest in the Gulf LNG Clean Energy Project, an LNG import terminal...

30 Nov 2007 00:00 | GLM

Gas

Poland ramps up production to diversify away from Russia

In 2006 Poland produced 4.3 billion cubic metres (Gm3), enough to supply 31% of its own requirement. The gas produced is both high and low calorific (the latter high in nitrogen) and Poland has...

30 Nov 2007 00:00 | EGM

Gas

StatoilHydro auctions extra UK capacity with 5.00 p/th reserve

StatoilHydro this month offered just over three million cubic metres per day of Easington entry capacity at auction. The company held its own sale, outside of the National Grid Trade and Transfer...

30 Nov 2007 00:00 | EGM

Gas

UK energy minister opens Milford Haven gas pipeline

The pipeline connecting two new LNG import terminals at Milford Haven, Wales, with the British pipeline network was opened this month by the UK’s Energy Minister Malcolm Wicks. However, the...

30 Nov 2007 00:00 | EGM

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