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News Archive

Gas

50% of French eligible market exercising choice says CRE

More than 10% of eligible sites in France have exercised choice (either by renegotiating with an existing supplier or switching) across gas and power, according to French regulator CRE. By volume, it...

28 Feb 2006 00:00 | EGM

Power

European Commission pushes EU ETS latecomers

Peter Zapfel from the EU Commission told The Heren Report on Tuesday the EC was currently working with the eight remaining countries yet to have distributed allowances to complying installations. “We...

28 Feb 2006 00:00 | EDEM

Gas

Focus on The Dutch TTF

As the EuroHub concept remains stalled and the Belgian regulator struggles to understand why the Zeebrugge hub is only sputtering along, the Dutch TTF hub is going from strength to strength. Not only...

28 Feb 2006 00:00 | EGM

Gas

French Suez and GDF set to merge

The boards of French utility Suez and French incumbent gas supplier GDF have approved plans for a friendly merger of the two companies, with Suez chief Gerard Mestrallet due to head the proposed new...

28 Feb 2006 00:00 | EGM

Gas

Gas Natural divests 5% in Spanish gas transporter Enagás

Spanish energy major Gas Natural has spun off 5% of its holding in national gas transporter Enagás for approximately EUR 187 million, leaving it with a 9.9% stake. A further 8.9% will come up for...

28 Feb 2006 00:00 | EGM

Gas

Gazprom to buy Sibneftegaz stake and control of Beregovoye

Russia’s Gazprom is to sign an agreement in March for a 51% stake in oil and gas company Sibneftegaz, currently owned by Itera, which holds a licence to develop the Beregovoye gas field in Russia’s...

28 Feb 2006 00:00 | EGM

Gas

Gazprom to delay decision on Shtokman partners until April

Gazprom is to delay the long-awaited announcement of its chosen partners in the Shtokman gas field development until some time in April, it emerged this month.There are five companies from France,...

28 Feb 2006 00:00 | EGM

Gas

Incumbents face antitrust investigations following EU inquiry

The preliminary report of the EU Commission’s energy sector competition inquiry, published this month, highlights problem areas in the gas sector which are hampering the development of a fully...

28 Feb 2006 00:00 | EGM

Gas

Marathon targets UK market for LNG sales

Marathon is looking to supply the UK with 1 to 1.5 million tonnes per annum of LNG through a deal with Centrica, according to Bill Hastings, Senior Vice President of the US-based oil and gas company....

28 Feb 2006 00:00 | EGM

Gas

NEWS briefs

CompaniesResults - Italy’s national gas distributor Snam posted a net profit of EUR 524 million for 2005, the company said. Net profits are down by EUR 14 million compared to 2004, as operating...

28 Feb 2006 00:00 | EGM

Gas

Offshore LNG and storage project could relieve UK shortages

Edinburgh-based Stag Energy says it has secured a licence with the Crown Estate for its project to develop an offshore LNG import terminal and gas storage facility in the Irish Sea, which could help...

28 Feb 2006 00:00 | EGM

Gas

People in the gas industry

Mr. Jean Abiteboul, former vice-president of Gaz de France (GdF), advisor to the chairman and c.e.o. and secretary of the board of directors has been appointed the executive director of Cheniere LNG...

28 Feb 2006 00:00 | EGM

Gas

Regal Petroleum shares jump after Ukrainian legal ruling

An end to nearly two years of legal wrangling appeared in sight for Regal Petroleum when the Supreme Court of Ukraine dismissed the final appeal brought by Chernihivnaftogasgeologia (CNGG) over the...

28 Feb 2006 00:00 | EGM

Gas

Signs of third-party life at Italy’s Panigaglia LNG terminal

There are signs that third parties are finding it easier to bring spot cargoes into Italy’s only LNG terminal at Panigaglia this winter. Three spot cargoes arrived at Panigaglia in January, on the...

28 Feb 2006 00:00 | EGM

Emissions

Spain resorts to additional measures to meet Kyoto target

The director for pollution prevention and climate change at the Spanish Environment Ministry, Teresa Ribera Rodriguez, told The Heren Report on Tuesday that Spain was doing all it could to keep the...

28 Feb 2006 00:00 | EDCM

Gas

Spanish Gas Natural mulls higher bid for Endesa

Spanish stock market regulator CNMV has approved Gas Natural’s bid for Endesa, but barred the gas major from forging any alliances. “The offer has to come from Gas Natural and from Gas Natural...

28 Feb 2006 00:00 | EGM

Power

Spanish reservoirs up to 8,506 GWh in Week 10

Spanish reservoir levels are closing in on 2005 year’s levels, according to data published by the Spanish environment ministry on Tuesday. They reached 8,506 GWh in week 10, compared with 8,943 GWh...

28 Feb 2006 00:00 | EDEM

Gas

Turkmen gas price formula to be completed by mid 2006

The price formula for gas delivered from Turkmenistan to Russia should be completed by the middle of this year, Russia’s industry and energy minister Viktor Khristenko said.Responding to reports that...

28 Feb 2006 00:00 | EGM

Emissions

UK environment minister calls for EU ETS widening

The UK environment minister, Elliot Morley, said on Tuesday that the UK would argue for the inclusion of the transport sector into the EU ETS. Speaking at an industry conference in Copenhagen,...

28 Feb 2006 00:00 | EDCM

Power

UK Heren Index for March drops 16% to £50.34/MWh

The March 2006 UK power Heren monthly index stands at £50.34/MWh, down 16% from February’s £60.03/MWh. The £9.69/MWh drop is the largest month-on-month fall since the index started in 1999, although...

28 Feb 2006 00:00 | EDEM

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