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News Archive

Gas

EBRD plans to buy five percent in Romanian utility

The European Bank for Reconstruction and Development (EBRD) plans to buy a five percent stake in Romanian gas distributor Distrigaz Sud from its majority owner Gaz de France (GDF), Romanian daily...

31 Mar 2005 00:00 | EGM

Gas

EGM Comments

The latest expansion plans for Isle of Grain LNG say a lot not just about the strategies of the companies who have secured capacity there, but about those which failed or chose not to bid. Some, at...

31 Mar 2005 00:00 | EGM

Gas

European LNG market will switch to spot gas as a price basis

LNG sales in Europe will soon be based on spot gas markets instead of oil indexing, Total’s senior vice president for LNG told the Gastech conference in Bilbao. “It is very likely that spot gas...

31 Mar 2005 00:00 | EGM

Gas

Exxon aims at early 2007 start for Italian LNG terminal

Exxon Mobil´s Italian offshore LNG terminal could start operating in early 2007 if construction begins next month as hoped, executives said. The 8 billion cubic metres (Gm3) per year Rovigo terminal...

31 Mar 2005 00:00 | EGM

Gas

Focus on Spain

Growing use of gas for generation and an expanding distribution network, but above all cold weather, combined to push Spanish consumption to a series of record highs this winter. These caused both...

31 Mar 2005 00:00 | EGM

Gas

Gazprom and Wintershall agree price for Achimgaz

German Wintershall and Russian Gazprom have now agreed the price for gas which is to be produced by Achimneftegaz joint venture at Urengoy. The agreement indexes the prices to two components – the...

31 Mar 2005 00:00 | EGM

Gas

German anti-trust watchdog says oil price link justifies hikes

Anti-trust authorities in the German state of Baden- Württemberg closed their investigation into the recent price hikes of local gas suppliers, saying they could not detect anything substantiating...

31 Mar 2005 00:00 | EGM

Gas

Italian utilities join bidding for EUR 2.6 billion Edison stake

Two of Italy’s largest city multi-utilities, ASM Brescia and AEM Milan, are drawing up a joint bid for 40% of Edison, a stake worth approximately EUR 2.6 billion at current market prices, a spokesman...

31 Mar 2005 00:00 | EGM

Gas

Lukoil and Gazprom ratify draft accord on Siberian projects

Gazprom’s c.e.o. Alexei Miller and Lukoil’s President, Vagit Alekperov, have formally ratified a draft agreement signed in 2002 in which the two firms agree to cooperate on oil and gas production...

31 Mar 2005 00:00 | EGM

Gas

Naftohaz Ukrainy’s new head faces 8 Gm3 deficit in 2005

Following the election of a new president in the Ukraine, changes have also been made at the head of the Ukrainian state oil and gas company, Naftohaz Ukrainy (NAK). The previous c.e.o. of NAK, Yuri...

31 Mar 2005 00:00 | EGM

Gas

NEWS briefs

CompaniesResults - Austrian regional energy supplier, Energie Steiermark AG (Estag), has recorded a 16% rise in turnover for 2004 to EUR 974 million, with operating profit also up 16% to EUR 104...

31 Mar 2005 00:00 | EGM

Gas

People in the gas industry

Aleksei Ivchenko, formerly a member of the Ukrainian parliament, has become the new head of the Ukrainian state oil and gas company, Naftogaz Ukrainy (NAK), replacing Yuri Boyko. Ivchenko has begun...

31 Mar 2005 00:00 | EGM

Power

Russian electricity sees significant rise in sales on the competitive market

Wholesale electricity sold in the Russian market in March increased by 10.1% on the total turnover in February to 5.9532 TWh. 5.79 TWh of electricity was purchased on the competitive market (via...

31 Mar 2005 00:00 | EDEM

Gas

Sonatrach, GDF and Centrica buy extra Grain LNG capacity

Sonatrach, GDF and Centrica have bought the extra capacity due to be added at the Grain LNG terminal on the River Thames near London. There were three rounds of bidding for the capacity between...

31 Mar 2005 00:00 | EGM

Gas

Spain’s CNE seeks competition inquiry against distributors

Spain’s energy regulator has asked for a competition inquiry against 22 gas distributors, including the largest, Gas Natural. The Comisión Nacional de Energía (CNE) wants the competition authorities...

31 Mar 2005 00:00 | EGM

Gas

Storage in Germany: The impact of the Madrid guidelines

Access to storage in Germany is currently based on a voluntary agreement of the major German storage operators BEB, Ruhrgas RWE (formerly Thyssengas) VNG Verbundnetz Gas and Wingas formed in March...

31 Mar 2005 00:00 | EGM

Power

Swiss reservoirs fall to 18.5% fullness in Week 13

Swiss hydropower reservoir levels decreased by 0.5 percentage points last week to 18.5% fullness, according to data from the country’s federal energy office, the BFE. Levels during Week 13 (25th –...

31 Mar 2005 00:00 | EDEM

Gas

UK wholesale market is “not functioning efficiently”

An inquiry by Britain’s Trade and Industry Select Committee (TISC) into the sharp rise in fuel prices in the summer and autumn of 2004 has found that the gas wholesale market “is not functioning...

31 Mar 2005 00:00 | EGM

Gas

Ukraine proposes transit tariff hike

The cost of Russian gas supplied to Europe may rise if plans proposed by the Ukraine government and state-owned oil and gas company Naftohaz Ukrainy (Naftohaz) are accepted by Gazprom. Recently, the...

31 Mar 2005 00:00 | EGM

Gas

Uzbekneftegaz prepares for 49% privatisation

The state property committee of Uzbekistan wants to put up for privatisation 49% of the Uzbekneftegaz oil and gas holding company and its affiliates, Shavkat Majitov, deputy chairman of Uzbekneftegaz...

31 Mar 2005 00:00 | EGM

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