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News Archive

Gas

Dutch TTF: Prompt lacking direction, curve takes lead from oil

The TTF mainly found direction from the back end of the curve over the last two weeks, as an absence of short-term fundamental drivers left the front end directionless. With the exception of sporadic...

31 Mar 2009 00:00 | EGM

Gas

Economic slump hits Egypt’s plans to restructure its market

The lack of progress at Egyptian export projects has typified the challenges the gas-rich country faces both in revising the structure of its internal market and now in trying to cope with the impact...

31 Mar 2009 00:00 | EGM

Gas

EGM Comments

The sharp Russian reaction to the EU offer of a loan (see story on page 9) for improving the Ukrainian transit system should come as no surprise.Since the beginning of this decade Russia has wanted...

31 Mar 2009 00:00 | EGM

Gas

Emfesz in negotiations with Gazprom to take over RUE supply

Hungarian Emfesz and Russian Gazprom have confirmed they are in negotiations for Gazprom to take over the supply of gas volumes that were to have been delivered to Hungary this year by RosUkrEnergo...

31 Mar 2009 00:00 | EGM

Gas

EU antitrust case settled with RWE gas network sale

RWE can go ahead with the announced sale of its German H-gas network and in doing so settle an antitrust case that the European Commission had brought against the company. The Commission announced...

31 Mar 2009 00:00 | EGM

Gas

EU declaration paves way for Ukrainian transit modernisation

Representatives of the European Commission, the government of Ukraine and several financial institutions signed a joint declaration this month, setting out a framework for investment to modernise the...

31 Mar 2009 00:00 | EGM

Gas

Expansion of NetConnect Germany area likely by October

Another transmission system operator (TSO) is set to join the NetConnect Germany (NCG) market area, currently comprising E.ON Gastransport (EGT) and bayernets, by 1 October, ICIS Heren understands....

31 Mar 2009 00:00 | EGM

Gas

French PEG: Strikes at storage sites has limited impact

In France, strikes carried out by GDF SUEZ’s workers at storage facilities caused the premium of PEG Sud Day-ahead over its northern counterpart to soar from below EUR1/MWh to more than EUR2/MWh on...

31 Mar 2009 00:00 | EGM

Gas

French zones’ merger yet to impact on liquidity and prices

The merger of GRTgaz’s transport zones on 1 January has already make a mark on liquidity and price direction on the French market, although participants thought it too soon to see dramatic changes....

31 Mar 2009 00:00 | EGM

Gas

Gas Natural in talks with Sonatrach to buy 10% of Medgaz

Spain’s Gas Natural is negotiating to buy 10% of Sonatrach’s 36% stake in the forthcoming Medgaz pipeline, according to Dr Chawki Rahal, Vice President of marketing at Sonatrach. A spokesman for the...

31 Mar 2009 00:00 | EGM

Gas

German L-gas 1 zone to start 1 April bringing total down to 3

The joint L-Gas 1 market area in northern Germany is to start as planned on 1 April, the transmission system operators (TSOs) Erdgas Münster Transport (EGMT), EWE NETZ and Gasunie Deutschland...

31 Mar 2009 00:00 | EGM

Gas

German markets: Spot market premium to TTF becomes volatile

In Germany, the premium the EGT held over the TTF was quite volatile over the last two weeks, with the differential between EGT Day-ahead and its Dutch counterpart climbing to well over a euro and...

31 Mar 2009 00:00 | EGM

Gas

Heat and power producer debt to NAK reaches Hryvna 5bn

Communal heat and power companies have not been paying for their gas over 2008-2009. As at 24 March this year the Ukrainian heat and power producers’ total debt to Gaz Ukraina came to over Hryvna 5...

31 Mar 2009 00:00 | EGM

Gas

Italian PSV: Thin trade amid bearish sentiment

The Italian market has been falling in value but trade has been extremely sporadic in the second half, characterized by some offers but very few bids. The spread between bids and offers on balance of...

31 Mar 2009 00:00 | EGM

Gas

NBP: Upturn superseded by bearish turn

The last two weeks of March saw considerable volatility across NBP contracts with prices ultimately falling to the lowest levels since 2007 despite an earlier three-day period of solid increases....

31 Mar 2009 00:00 | EGM

Gas

News in Brief

ArmeniaCompetition - Gazprom has raised its stake in the Armenian gas company Armrosgazprom from 75.55% to 80% through acquisition of Russian independent Itera’s share in it. The Armenian state is...

31 Mar 2009 00:00 | EGM

Gas

Poland fast-tracks the Swinousjcie LNG terminal in the northwest

The Polish government has passed legislation to fast-track the development and realisation of the Swinousjcie LNG terminal in northwest Poland. The law is designed to make the construction of the...

31 Mar 2009 00:00 | EGM

Gas

Slovakia assesses storage opportunity in Czech Republic

The Slovak economy ministry is considering an offer by Czech company SPP Bohemia to store Slovak gas on the territory of the Czech Republic, SPP Bohemia confirmed to ICIS Heren. Slovak Prime Minister...

31 Mar 2009 00:00 | EGM

Gas

Spanish gas auctions prevent emergence of real gas price

The system of auctions used in Spain to set the price for gas supplied on the tariff of last resort (TUR) is flawed as it runs the risk of setting a price for gas that does not reflect the...

31 Mar 2009 00:00 | EGM

Gas

Zeebrugge: Belgian prompt steady as curve firms with oil

The latter half of March was characterised by steady, forward (towards the continent) flows through the UK-Belgium Interconnector pipeline, which averaged approximately 15Mm³ from 16-29 March and...

31 Mar 2009 00:00 | EGM

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