North African oil and gas major Sonatrach is offering the use of its berthing slot on 2nd March to other LNG shippers at the Isle of Grain regasification terminal in Kent, the LNG Grain agency said...

Brazil’s state energy giant Petrobras is in advanced discussions with Excelerate Energy to install its propriety EnergyBridge LNG import infrastructure at two points on the Brazilian coastline. “We...

Dutch utility Nuon has reported a 63% drop in net profit (excluding incidental items) for Q4 ’06, to EUR 53 million. Nuon attributed its weaker Q4 ‘06 performance to milder weather and a fall in its...

The European Bank for Reconstruction and Development (EBRD) has bought a 5.2% stake in Cadogan Petroleum, an E&P company with gas assets in Ukraine. The EBRD said it may boost its stake to 10% in the...

The European Commission (EC) approved Spain’s NAP II on Monday but on the condition the country reduces its Clean Development Mechanism (CDM)/Joint Implementation (JI) import limit to 20%. This would...

Italian network operator Snam Rete Gas has added the expansion of the country’s Panigaglia terminal to its strategic planning, it announced on Wednesday. Snam owns and operates the current 3.5...

Belgian gas carrier Exmar is studying the feasibility of installing floating LNG regasification vessels offshore Belgium. A source at the company confirmed Exmar was considering sites in Antwerp and...

Excelerate Energy this week successfully inaugurated the world’s first ever dockside regasification terminal at Teesside in the northwest of England. The terminal, onboard the Floating Storage and...

French independent energy supplier Poweo and Austrian power producer Verbund have stepped up their current partnership by agreeing to develop synergies in their respective sourcing policies,...

Iran has told Turkey that it cannot re-export surplus Iranian gas, in a move that may further test the two countries’ chequered energy relationship.Iran exports around of 20 million cubic metres...

Israel is undertaking another pre-feasibility study for an LNG import terminal to avoid becoming dependent on Egyptian pipeline imports – even though Egyptian gas is always likely to be the cheapest...

Italy’s energy regulator, AEEG, has published its final consultation document for setting and updating the terms for maximum storage capacity requests for the gas storage year 2007-2008. Having...

Australia’s North West Shelf Venture has at last completed its round of sales contract renegotiations with the project’s foundation customers in Japan. Kyushu Electric Power Company, the fourth...

Investment bank Merrill Lynch has taken its first steps into the Russian CO2 market through the acquisition of a minority stake in the Russian Carbon Fund (RCF).The deal includes an equity stake,...

GDF’s shipping fortunes improveGaz de France has finally had some good news on its fleet of new LNG vessels this year. A spokeswoman confirmed this week that the 153,500 m3 Provalys – the biggest LNG...

Norwegian pipeline operator Gassco said on Monday that the recent turndown in flows through the Langeled pipeline into the UK was “nothing to do with maintenance” and related to the price...

Portugal is on-track to commission a fourth cavern at the underground gas storage site in central Portugal by the end of 2007, according to TSO REN. Geological studies now show that another five...

Funsho Kupolokun, the group managing director of state Nigerian National Petroleum Corporation (NNPC), was reported in the Nigerian press this week saying that the country’s president, Olusegun...

Discrepancies in the way Spanish power generators account for the 2006 tariff deficit has led the country’s bourse regulator, CNMV, to ask the companies for more information. The differences have...

After almost three years on hold, Woodside Petroleum has said it will resume work on the Sunrise LNG project in the Timor Sea. The announcement came after the East Timor parliament ratified...