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News Archive

Gas

BNetzA grants regulatory exemption for OPAL pipeline

Germany’s federal regulator Bundesnetzagentur (BNetzA) has granted regulatory exemption for the OPAL (Ostsee Pipeline Anbindungs-Leitung) pipeline, to transport gas arriving through the Nord Stream...

28 Feb 2009 00:00 | EGM

Gas

Centrica’s new storage decisions to hang on UK curve prices

Centrica has announced its third potential storage site for the UK in the past year – the Baird field in the southern North Sea. Centrica has bought a 70% stake in the depleted offshore field from...

28 Feb 2009 00:00 | EGM

Gas

Damietta expansion still afoot despite Egypt’s impasse

Plans to develop a second 7 billion cubic meters per year LNG train at the Egyptian plant of Damietta are still afoot, a source at Germany’s RWE told ICIS Heren. The project is still awaiting the...

28 Feb 2009 00:00 | EGM

Gas

Dutch TTF: Market overwhelmingly bearish

After brief rally two weeks ago, TTF Day-ahead embarked on a bearish slide that was only knocked off course by a rush to cover short positions on Thursday 26 February. In the current macro-economic...

28 Feb 2009 00:00 | EGM

Gas

E.ON Gas Storage offers long-term bookings at Epe

E.ON Gas Storage (EGS) is now offering customers storage capacity at its Epe facility for a period of up to 15 years, the company said. These capacities are being marketed under the company’s general...

28 Feb 2009 00:00 | EGM

Gas

EDF applies for TPA exemption at French LNG project

French power incumbent EDF has filed an application to fully exempt its planned LNG import project at Dunkirk, northern France, from regulated third-party access (TPA) for a twenty-year period from...

28 Feb 2009 00:00 | EGM

Gas

EGM Comments

Although the move this month by Slovakia’s SPP to secure supply alternatives to Russia has been presented in security terms (see front page story), it is a perfectly timed step for European players...

28 Feb 2009 00:00 | EGM

Gas

EU energy ministers adopt second strategic energy review

EU energy ministers adopted a new strategic energy review at a Council meeting in Brussels this month, its first regular meeting since the gas crisis between Gazprom and Ukraine in January. This...

28 Feb 2009 00:00 | EGM

Gas

French PEG: Premium of France’s southern zone widens over the north

Day-ahead at PEG Nord lost EUR3.45/MWh between Friday 13 February and Thursday 26 February, following the bearish trend of neighbouring hubs. Occasional day-on-day losses were more pronounced than...

28 Feb 2009 00:00 | EGM

Gas

German markets: Markets bearish but wide spreads develop over TTF

In Germany the main talking point over the last week in particular has been the size of the spreads between the two German markets and the TTF – and their inherent volatility.Traders generally...

28 Feb 2009 00:00 | EGM

Gas

Greece hopes to purchase gas from Azerbaijan

Greece intends to negotiate the purchase of gas from Azerbaijan, said Greece’s prime mkinister, Kostas Karamanlis, during a press conference following a meeting with Ilham Aliyev, the president of...

28 Feb 2009 00:00 | EGM

Gas

Italian PSV: PSV falls again on high stocks

Barring the occasional surge in price for prompt gas as traders balanced February storage positions, the PSV was extremely bearish in the second half of February. “We have seen more buying interest...

28 Feb 2009 00:00 | EGM

Gas

Libyan plans unlikely to impact Europe

The outcome of discussions carried out by Libyan Basic People Congresses (LBPCs) over plans by leader Muammar Gaddafi to nationalise foreign-run oil companies and hand hydrocarbon revenue to its...

28 Feb 2009 00:00 | EGM

Gas

Markets Highlight: March price crashes 46% as fear evaporates

Despite the rumblings of the Ukraine/Russia dispute again in the last week of February, there was very little upside fear in the market for what remains of Winter ’08. March ’09 at the NBP has...

28 Feb 2009 00:00 | EGM

Gas

NBP: Prompt finds a floor after crash but sentiment bearish

After a sharp fall at the start of the week commencing 16 February, NBP contracts across the board recovered from midweek in what traders described as a “natural rebound” after such significant...

28 Feb 2009 00:00 | EGM

Gas

RWE restructures its supply and distribution business

RWE is restructuring its supply and distribution business, the utility announced this month. By aligning the executive management of the RWE Group more closely with national markets, the company...

28 Feb 2009 00:00 | EGM

Gas

Slovakia signs first step to diversify away from Russian supplies

Slovak incumbent gas supplier Slovensky plynarensky priemysel (SPP) this month signed a letter of intent with E.ON Ruhrgas and Germany’s VNG, in a first step towards reducing its dependency on...

28 Feb 2009 00:00 | EGM

Gas

Ukraine’s Naftogaz signals looming payment problems

Naftogaz Ukrainy (NAK), the Ukrainian state-operated oil and gas company, has issued a statement indicating it is facing problems in meeting its payment obligations under the deal it signed in...

28 Feb 2009 00:00 | EGM

Gas

Vattenfall to enter Benelux markets following Nuon bid

Nuon was the latest Dutch company to succumb to an international takeover bid this month, as Swedish generator Vattenfall launched an EUR8.5bn cash offer for 100% of the company. The announcement...

28 Feb 2009 00:00 | EGM

Gas

Zeebrugge: Market still importing but March basis turns negative

In Belgium the second half of February was characterised by steady, forward (towards the continent) flows through the Interconnector pipeline, which never strayed far from their average of roughly...

28 Feb 2009 00:00 | EGM

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