Austria’s EconGas will start trading activities on the Belgian Zeebrugge hub as of 1st March, and on the Dutch TTF hub on 1st April, a spokesman for the group confirmed on Wednesday.The move is part...

Austrian utility EVN posted a 10.7% drop in year-on-year net profit to EUR 73.4 million for the first quarter of its 2006/7 financial year (1st October - 31st December 2006), as mild winter weather...

Gas prices in the Czech Republic are due to rise by 0.43% on 1st April with the full liberalisation of the market, with a 1.17% average increase for households.M. Kajtmann, head of RWE Transgas...

Bayerngas has established an independent network company in order to comply with EU unbundling requirements, the Munich-based gas supplier said on Wednesday. The new firm, bayernets GmbH, will manage...

Belgian gas transporter Fluxys posted a net profit of EUR 54.2 million on Wednesday, up 8% year-on-year. Profits from operations, however, nudged down to EUR 111.6 million, as several shipper...

Dana Petroleum, the UK-based independent E&P company, produced an average of approximately 22,300 barrels of oil equivalent per day (boe/d) in 2006 from 13 North Sea oil and gas production assets....

Germany’s E.ON Gas Transport confirmed on Wednesday it had no concrete plans to hold further storage capacity auctions. “There are no precise plans for future storage [capacity] auctions yet, but we...

Spanish-Argentinean gas and oil company Repsol posted net profits of EUR 3.1 billion in 2006, only 0.1% higher year-on-year. EBITDA fell by EUR 86 million to EUR 9.05 billion, in spite of higher oil...

The International Emissions Trading Association (IETA) said Tuesday that the use of credits stemming from HFC-23 projects should not be limited despite widespread criticism over their inclusion under...

Spanish gas TSO Enagas will present a full investment plan for the new LNG terminal in El Musel in April, according to chairman Antonio Llarden. A decision on the shareholding structure would wait...

Italian gas network operator Snam denied a media report on Wednesday that it would reduce gas flows through Italy’s only LNG terminal, Panigaglia, on 4th April. According to the media report, Snam —...

Italian power supplier Enel entered the fray over Spanish takeover target Endesa on Wednesday, announcing it had bought a 9.99% stake in the company.Enel could lift this to a 25% stake, the maximum...

New Values, the Dutch-based CO2 exchange, is seeking new alliances with industry associations following a deal struck with Austrian association OEKV. The two parties recently signed an agreement,...

Pressure on the Nord Stream project regarding environmental concerns is growing, with the Nordic countries and the Baltic states all expressing reservations at the environmental impact of the...

Gazprom Export and Shell Enerji have signed a contract to supply Turkey with 250 million cubic metres (Mm3) of gas a year until 2021, one of the first steps in breaking the Turkish incumbent’s...

Shell’s beleaguered Corrib gas project, offshore western Ireland, has restarted the process of choosing a route for the onshore pipeline.Corrib was discovered in 1996 and first gas was originally...

The Slovak energy regulator URSO has said that gas prices for households could fall by up to 5.64% in the second half of the year.Deputy chairman of URSO Jan Klepac said that prices could decline by...

Spanish power supplier Endesa is in talks with the Algerian government over investments in the Algerian energy sector. Endesa c.e.o. Rafael Miranda, Algerian energy minister Chakib Khelil and...

Scottish and Southern Energy (SSE) has become the fourth of the six major UK energy suppliers to announce a cut in its gas and power tariffs for residential customers. From 1st March SSE will cut its...

Talisman Energy has discovered additional reserves at the Rev field (production licence 038 C), 6 km south of the Varg Field in the Norwegian southern North Sea. The Norwegian Petroleum Directorate...