The Anglo-Dutch energy exchange APX reported a 49% year-on-year increase in gas traded on its UK Title platform on Wednesday, with a 37% lift in the number of trades. A total of 5,941 UK trades were...

Belgium’s Electrabel has said it will reduce its customers’ monthly gas bills by 8–25% from February, as a result of falling energy prices, according to local press reports. Overestimations in the...

A total of 12 companies have expressed an interest in buying a stake in the gas network of Italian energy supplier Enel, a source confirmed to ICIS Heren. The interested companies are understood to...

Interest in the UK power market on Wednesday was predominantly focused on the prompt, as trading desks were staffed at a minimum in the run-up to the New Year’s holidays. Curve contracts, despite...

French reservoirs were 73% full on average over 2008, which was in line with the 2007 figure, and at their highest level since 1997, according to historical hydro data from French grid operator RTE....

Dutch marketThe TTF was generally bearish on Tuesday after contracts had rallied on the previous day. In late trading, the Dutch hub took an abrupt downward turn, after news had come through that the...

Russia’s Gazprom reported a 44% rise in profits from net gas sales in the first half of 2008 compared with the same period of 2007, with net profits up by 84.6% and operating expenses rising by 30%...

Five gas wells needed to supply Ireland’s Corrib gas terminal have been completed and made ready for production, but there was no specific date in 2009 for the submission of new planning application...

The Italian Day-ahead price (PUN) averaged €84.87/MWh in December, according to preliminary data released by spot market operator GME, up 4.7% year on year. However, the average PUN price fell by 3%...

Italy was still described as long by all traders this week, despite a continued cold snap and an outage on the Transmed pipeline from Algeria. Shippers said they had been notified by Eni that one of...

December prices for carbon contracts have remained in a relatively tight range, posing the question as to whether 2009 will put an end to the market volatility visible over the past year. With less...

New tariffs for users of the French transport grid are set to come into force on 31 December in France, after the legislation was officially published on 24 December, GRTgaz, the transmission system...

With the existing gas contract between Gazprom and Ukraine on the verge of expiring, there was still no agreement on future gas deliveries as the threat of a cut in supply to Kiev and potentially to...

Gazprom rejected a statement issued by Ukraine on Tuesday evening saying it had paid off its debt to Russia, which would remove all obstacles to reaching an agreement on gas supplies for 2009. The...

The Polish power transmission system operator (TSO), PSE-Operator, told ICIS Heren on Wednesday that it plans to launch a tender at the end of Q1 2009 for the construction of a number of gas-fired...

Weak intra-day price movements on NBP prompt contracts pressured many other products on the rest of the curve, traders said on Wednesday. Supply fears were allayed as, despite the bitterly cold...

Spain’s Ministry of Industry, Tourism and Commerce has announced reductions to gas prices effective 1 January. The so-called Tariff of Last Resort (TUR) to domestic consumers (T1 and T2) will...

Stock levels at Spain’s six operational LNG terminals of Barcelona, Cartagena, Huelva, Bilbao, Sagunto and Reganosa stood at 916.2 million cubic metres (Mm3) on 30 December, up 12.1% from 817.1Mm3 a...

Dutch marketThe TTF continued its bearish slide on Wednesday, mirroring trends at NBP. Trading was thin and interest focused mostly on the prompt, especially on BOW, and on the near curve. One trader...

The ICIS Heren UK power monthly index for January ’09 stood at £59.053/MWh, down by 1.8% from the corresponding value for January ’08, which was £60.17/MWh. After a year that saw monthly index values...