A number of financial institutions are eager to get a piece of the action in the upcoming UK emissions allowance auctions. The UK’s second auction is to be held on 24 March, when 4m EU Allowances...

Belgian TSO Fluxys is proposing to modify its subscription and allocation system for entry points in the year 2010. The TSO says the changes are aimed first at allowing shippers to secure their...

UK utility Centrica could complete its purchase of a 25% stake in compatriot generator British Energy (BE) as early as April, a Centrica spokesman said on Monday.“In the next month or so, we would...

French power incumbent EDF has filed an application to fully exempt its planned LNG import project in Dunkirk (northern France) from third-party access (TPA) for a 20-year period from 2014, French...

Enel has agreed a deal to purchase Spanish construction company Acciona’s 25.01% stake in Endesa, the Italian incumbent said late on Friday.Enel will pay €11.10bn for the stake, although this should...

Austrian energy company EnergieAllianz Austria (EAA) posted a fall in gross profits for the financial year 2007/08, despite a rise in revenues for the period, the company announced. EAA, Austria’s...

Austrian energy company EnergieAllianz Austria (EAA) posted a fall in gross profits for the financial year 2007/08, despite a rise in revenues for the period, the company announced. EAA, Austria’s...

Steelmakers cut production by 45% year on year in January, according to new industry figures. In Germany and France, the EU’s biggest steel producing countries, output fell by 40% and 46%...

The European Commission is working on the assumption that the end of April, rather than the end of February, is the absolute deadline to approve the country’s National Allocation Plans (NAPs), a...

PGNiG to build 300MW of plantThe vice president of Polish gas incumbent PGNiG, Radoslaw Dudzinski, has said the company plans to build at least 300MW of wholly-owned gas-fired plant by 2015. He added...

Centrica could seal EDF and BE deal by AprilUK utility Centrica could complete its purchase of a 25% stake in generator British Energy (BE) as early as April, a Centrica spokesman said on Monday.“In...

Shell’s motivation for launching a stand-alone Queensland LNG project became clear this week as European LNG shipping specialist Golar LNG announced it had signed an offtake agreement from LNG Ltd...

A slump in generation from Japan’s thermal power plants, coupled with a possible restart of the country’s largest nuclear power plant, is expected to lead to a significant decrease in LNG demand, LNG...

GDF Suez committed to FLNG FPSOGDF Suez is committed to investing in floating LNG (FLNG) production units, and is considering the use of FLNG technology for its proposed gas development project in...

Spanish oil and gas company Repsol announced plans to expand its upstream investments in Canada and Trinidad & Tobago (T&T) this week. The moves are expected to add the company’s US supply options...

Russia’s first LNG plant, at Sakhalin-2, has started operations during a high-profile opening ceremony attended by Russia’s president, Dmitry Medvedev, Japan’s prime minister, Taro Aso and Gazprom’s...

Abu Dhabi’s Adgas LNG consortium is negotiating with six bidders to lock in the sale of 600,000 tonnes per annum (tpa) from its flexible LNG production capacity, to begin when a deal committing the...

Spanish January gas demand fell by 12.8% year on year to 39,488 GWh mainly due to a fall in demand for electricity generation and for industrial use, gas transmission system operator (TSO) Enagás...

Yulia Timoshenko, the Prime Minister of Ukraine, has requested that the European Union purchase the technical gas necessary for the transit of Russian gas to European consumers, according to...

Nuon was the latest Dutch company to succumb to an international takeover bid on Monday, as Swedish generator Vattenfall launched an €8.5bn cash offer for 100% of the company. The announcement came...

Nuon was the latest Dutch company to succumb to an international takeover bid on Monday, as Swedish generator Vattenfall launched an €8.5bn cash offer for 100% of the company. The announcement came...