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News Archive

Gas

Baltic LNG terminal may bring gas to mid-Sweden

Much of mid-Sweden to the south of the capital Stockholm will have a natural gas supply for the first time if Sydkraft decides to build an LNG terminal after a report this year. The incumbent gas...

28 Feb 2005 00:00 | EGM

Gas

Brussels to launch probe into anti-competitive gas market

The European Commission competition directorate is to launch an inquiry this year into gas market competition in the EU, Maria Rehbinder, Head of Unit Energy & Water DG Competition said at the Flame...

28 Feb 2005 00:00 | EGM

Gas

Compromise reached on transmission regulation amendments

The European Parliament’s Industry, Research and Energy (IRE) committee adopted five compromise amendments to the proposed EU gas transmission regulation this month – a result of negotiations between...

28 Feb 2005 00:00 | EGM

Gas

Domestic fall sees German producers expand output abroad

German gas producers have significantly stepped up their foreign upstream operations last year as proven reserves continued to decrease on the domestic front, the annual statistics of oil and gas...

28 Feb 2005 00:00 | EGM

Gas

E.On Ruhrgas loses exclusivity in Siberian upstream talks

E.On Ruhrgas has lost exclusive rights to negotiate a participation in a West Siberian upstream project with Russian gas major Gazprom. Gazprom has reportedly widened talks to include Wintershall and...

28 Feb 2005 00:00 | EGM

Gas

E.On Ruhrgas to auction 3rd tranche of release gas in May

German gas group E.On Ruhrgas will auction for the third time a total of 39 terrawatt hours (TWh, 3.6 Gm³) of three-year gas from its long-term import contracts on 18 May at Emden/ Oude, the company...

28 Feb 2005 00:00 | EGM

Gas

EGM Comments

The arguments in favour of oil price indexation in gas contracts are getting pretty thin: oil is no longer an alternative fuel in most European gas markets. The problem is what to replace oil with....

28 Feb 2005 00:00 | EGM

Gas

Focus on Atlantic basin LNG

The influence of US prices on rates paid for LNG in Europe has been seen more clearly this winter than ever before, according to executives at a recent conference in London. “There have been times...

28 Feb 2005 00:00 | EGM

Gas

Gasunie in talks for capacity in Rotterdam LNG terminal

Dutch gas incumbent Gasunie is in talks with the Port of Rotterdam about investing in and taking capacity at a proposed LNG terminal. A Gasunie spokesman said that LNG has become an attractive...

28 Feb 2005 00:00 | EGM

Gas

Gasunie in talks for capacity in Rotterdam LNG terminal

Dutch gas incumbent Gasunie is in talks with the Port of Rotterdam about investing in and taking capacity at a proposed LNG terminal. A Gasunie spokesman said that LNG has become an attractive...

28 Feb 2005 00:00 | EGM

Gas

Gazprom net profits up 9% year-on-year

Gazprom posted a net profit of RUB 137.9 billion (EUR 3.75 billion) for the first nine months of 2004, the company said. The results, calculated according to International Accounting Standards,...

28 Feb 2005 00:00 | EGM

Gas

Gazprom top managers increase shareholdings in company

Gazprom has published on its website a list of top managers who have recently bought or increased their shareholdings in the company. (see table) The publication of this information is in itself a...

28 Feb 2005 00:00 | EGM

Gas

Gazprom wants 10% UK market share “but not at any price”

The recent message from Gazprom Marketing and Trading UK was that it will not just offload volume in the UK “at any price” to achieve its goal of 10% market share by 2010. “We could just as well sell...

28 Feb 2005 00:00 | EGM

Gas

German energy regulation: The final phase?

At the end of February the parliamentary process of the amendment of the energy law in Germany “celebrated” its first anniversary. One year ago the German ministry of economics presented the first...

28 Feb 2005 00:00 | EGM

Gas

NEWS briefs

CompaniesResults - Spanish oil and gas company Cepsa said 2004 net profit was up 6% to EUR 650 million (£450 million) in its results, with the impact of higher oil prices offsetting dollar weakness...

28 Feb 2005 00:00 | EGM

Gas

Only 9.7% of eligible French gas market switches supplier

Hardly any of France’s eligible gas customers have exercised their right to switch, according to the latest market opening data from regulator, CRE. Of the 530,000 eligible sites, only 23,140 have...

28 Feb 2005 00:00 | EGM

Gas

People in the gas industry

Antonio Catricala has been appointed chairman of Italy’s antitrust agency (AEEG) from the beginning of March. He will replace Giuseppe Tesauro, who had held the post for the past seven years....

28 Feb 2005 00:00 | EGM

Gas

Record 2004 results for Berlin-based Gazprom affiliate ZGG

Berlin-based ZGG-Zarubezhgaz-Erdgashandel-Gesellschaft mbH had record results in 2004 with the consolidated annual profit reaching Euro 149.2 million (2003: 136.5 million) according to preliminary...

28 Feb 2005 00:00 | EGM

Gas

Shell plans to invest EUR 400m in 8 Gm3 Italian LNG terminal

Shell became the latest major to announce plans for an LNG regasification terminal in Italy this month when it said it aims to start construction on Sicily by 2007 and imports by 2010. ExxonMobil, BP...

28 Feb 2005 00:00 | EGM

Gas

Snags in greenstream pipeline leave Italy short of gas

Flows on the new Greenstream pipeline from Libya to Italy are back to the contracted volume of about 4 billion cubic metres per year (Gm3) after problems with liquids, according to industry sources....

28 Feb 2005 00:00 | EGM

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