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News Archive

Gas

APX UK spot volumes rise 49% year on year in December

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...

31 Dec 2008 00:00 | ESGM

Gas

Belgium’s Electrabel to cut gas bills from February

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...

31 Dec 2008 00:00 | ESGM

Gas

Companies line up to buy a stake in Italian gas grid – source

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...

30 Dec 2008 00:00 | ESGM

Power

Day-ahead climbs on illiquid market and generation concern

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...

31 Dec 2008 00:00 | EDEM

Power

French reservoir fullness for 2008 in line with 2007 at 73% — RTE

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....

31 Dec 2008 00:00 | EDEM

Gas

Generally bearish TTF led lower by end of Russia-Ukraine dispute

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...

30 Dec 2008 00:00 | ESGM

Gas

High gas price boosts Gazprom’s income, as domestic gas sales drop

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%...

30 Dec 2008 00:00 | ESGM

Gas

Ireland’s Corrib wells completed; no end in sight for onshore permit fiasco

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...

31 Dec 2008 00:00 | ESGM

Power

Italian average Day-ahead price up 5% year on year for December

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%...

31 Dec 2008 00:00 | EDEM

Gas

Italy softens again despite cold snap, Transmed outage and Ukraine dispute

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...

31 Dec 2008 00:00 | ESGM

Emissions

Market focus: Will prices remain as volatile in 2009 as they were in 2008?

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...

31 Dec 2008 00:00 | EDCM

Gas

New French grid tariffs in force

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...

30 Dec 2008 00:00 | ESGM

Gas

New Gazprom-Ukraine supply deal still not signed by Wednesday afternoon

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...

31 Dec 2008 00:00 | ESGM

Gas

New twist in Russia-Ukraine gas dispute as Ukraine claims it paid debt

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...

30 Dec 2008 00:00 | ESGM

Power

Polish TSO to launch gas-fired plant tender in Q1 2009 to balance grid

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...

31 Dec 2008 00:00 | EDEM

Gas

Softer prompt impacts near and far curve as supply fears are allayed

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...

31 Dec 2008 00:00 | ESGM

Gas

Spanish 2009 gas tariff to fall following weakness in crude oil prices

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...

30 Dec 2008 00:00 | ESGM

Gas

Spanish LNG stocks up 12.1% as seven vessels berth

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...

31 Dec 2008 00:00 | ESGM

Gas

TTF prompt bearish in line with NBP; curve down on softer oil

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...

31 Dec 2008 00:00 | ESGM

Power

UK power January index almost unchanged on the year

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...

31 Dec 2008 00:00 | EDEM

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