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News Archive

Gas

BEB and GTS launch day-ahead capacity booking service

German and Dutch TSOs BEB Transport and Gas Transport Services (GTS) this month launched a booking platform for the combined sale of day-ahead transmission capacity for gas between the two networks,...

29 Feb 2008 00:00 | EGM

Gas

CEZ to build two gas-fired CCGT units in Czech Republic

Czech utility CEZ plans to build two gas-fired plants in the Czech Republic, with a combined capacity of 1,280 MW, it announced this month. CEZ has earmarked CZK 18 billion (EUR 720 million) for the...

29 Feb 2008 00:00 | EGM

Gas

CEZ to build two gas-fired CCGT units in Czech Republic

Czech utility CEZ plans to build two gas-fired plants in the Czech Republic, with a combined capacity of 1,280 MW, it announced this month. CEZ has earmarked CZK 18 billion (EUR 720 million) for the...

29 Feb 2008 00:00 | EGM

Gas

Eon and Union Fenosa take stakes in Equatorial Guinea LNG

Germany’s Eon Ruhrgas and Spain’s Union Fenosa have been chosen by Equatorial Guinea to participate in the development of a second train at the Equatorial Guinea LNG project (EG LNG) on Bioko...

29 Feb 2008 00:00 | EGM

Gas

Eon offers sales contracts with up to 30% gas indexation

Eon Ruhrgas has launched a new gas sales contract for regional and municipal customers which can be based partly on traded hub prices (also, see back page comment and Focus on oil indexation, page...

29 Feb 2008 00:00 | EGM

Gas

First meeting on joint central and SE European TSO scheduled for March

The first meeting of central and south-eastern Europe’s TSOs on the creation of a trans-regional gas pipeline network called New Europe Transmissions System (NETS) will take place in Bucharest on...

29 Feb 2008 00:00 | EGM

Gas

Focus on Oil indexation in contracts

This month, Eon’s c.e.o. designate Bernhard Reutersberg announced the launch in April of the new “Kombigas” contract under which German municipal and regional customers can order part of their...

29 Feb 2008 00:00 | EGM

Gas

Gas Natural licensed on the Portuguese energy market

Gas Natural has obtained a licence from Portugal’s General Office of Energy and Geology to sell gas in the country, the Spanish gas incumbent announced this month. Trading as Gas Natural...

29 Feb 2008 00:00 | EGM

Gas

Gazprom puts pressure on Ukraine over settlement of debts

Gazprom has threatened to cut supplies to Ukraine by 25% at 10:00 on 3rd March, unless it receives full payment of the outstanding Ukrainian debt for gas imports. Heren Energy has been told by...

29 Feb 2008 00:00 | EGM

Gas

Gazprom, Total and Statoil sign accord for development of Shtokman

The c.e.o.s of Gazprom, Total and Statoil signed a Shareholding Agreement in Moscow inaugurating the Swiss-registered SPV for development of the Shtokman field in the Barents Sea, with estimated...

29 Feb 2008 00:00 | EGM

Gas

German Rheinenergie interested in buying Eon’s Thüga

German regional utility Rheinenergie has expressed interest in acquiring Eon’s subsidiary Thüga, which bundles together the utility’s stakes in more than 120 Stadtwerke. If Eon were to put Thüga up...

29 Feb 2008 00:00 | EGM

Gas

Markets Highlight: Winter volatile as Brent flirts with $100/bbl

The strength in the Winter contracts seen in late January and early February is showing no signs of weakness over the past two weeks. The Winter ’08 contract in particular has been well supported and...

29 Feb 2008 00:00 | EGM

Gas

MRG prices start to fall despite second sale without Gazprom

A total of only 18 million cubic metres (Mm3) traded in Russia’s latest Mezhregiongaz (MRG) auction on 20th February, according to figures published on MRG’s website this month. Gazprom failed to...

29 Feb 2008 00:00 | EGM

Gas

NBP: Prompt up on cold weather, oil rallies underpin curve

NBP contracts posted massive gains in the second half of February as the return of colder weather support the prompt and front months, while a succession of oil rallies lifted the curve. Unplanned...

29 Feb 2008 00:00 | EGM

Gas

News Briefs

European UnionUnbundling - Energy ministers from eight European Union (EU) member states this month underlined their determination to secure a third alternative to the European Commission’s (EC)...

29 Feb 2008 00:00 | EGM

Gas

Polish-German interconnector on hold pending LNG project

Poland’s PGNiG and VNG are still working on creating an Interconnector for gas flows from Germany into Poland, according to a spokeswoman at PGNiG, but discussions have been put back in order to...

29 Feb 2008 00:00 | EGM

Gas

Shell inks Libyan E&P accord after Marsa El Brega revamp deal

Shell has signed an Exploration & Production (E&P) sharing agreement with Libya’s National Oil Corporation (NOC), NOC announced this month. The deal covers area 89 in Sirt Basin awarded to Shell as...

29 Feb 2008 00:00 | EGM

Gas

South Stream momentum builds with two more accords

Gazprom’s plans to build the South Stream pipeline passed another hurdle this month, with chairman Alexsei Miller formally signing separate accords with both Serbia and Hungary to join the project....

29 Feb 2008 00:00 | EGM

Gas

Suez short-listing three candidates for Distrigas sale

Suez should have short-listed three candidates by the end of March from the companies that have expressed an interest in buying its Belgian gas subsidiary Distrigas, a spokesman for Belgian power...

29 Feb 2008 00:00 | EGM

Gas

Wintershall sells off stake in Galsi to remaining shareholders

Wintershall — a German gas importer — has decided to renounce its 13.5% equity stake in Galsi Spa, Italian utility Edison, the company said this month.Wintershall decided to leave the consortium —...

29 Feb 2008 00:00 | EGM

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