As the market for emission allowances in the EU’s Emissions Trading Scheme (EU-ETS) waits for the amended UK National Allocation Plan (NAP) which - if press speculation is to be believed, will...

The Dutch market eased lower this week, ahead of the May holiday, after recent rises provoked fears of a spike. June Baseload closed a euro lower at EUR 39.00/ MWh after trading at this level on...

Day-ahead prices rose on Friday on the back of anticipated tighter supply while the curve moved up in extremely low liquidity. Weekend prices slumped due to a sharp downturn in industrial demand...

As far as EGM is concerned, eastern Europe was always as much a part of the European gas market as France or Germany. But there is no doubt that the entrance into the European Union this Mayday of...

Gazprom affiliate Zarubezhneftegaz and the Uzbek state oil and gas company Uzbekneftegaz have signed a 50/50 production sharing agreement for the development of the small Shakhpaty field in...

Russia’s Gazprom is continuing to keep close tabs on German gas transmission group VNG despite its failure to increase its shares in the course of E.ON´s mandatory divestment programme. But the issue...

So far the general perception in Germany – even within the ministry of economics - is that the conditions imposed on E.ON to allow its takeover of Ruhrgas have completely failed both to stimulate...

The London-based International Petroleum Exchange (IPE) on Friday unveiled the specifications for its new UK electricity futures contract, to be launched towards the end of Q2 ’2004, as well as plans...

Eural Trans Gas (ETG), the Hungarian-registered gas trader with allegedly close ties to Russian Gazprom is to change ownership. The company has also selected Cedric Brown, former c.e.o. of British...

RWE-owned National Wind Power (NWP) submitted an application to a local council for a wind farm to be built at Knabs Ridge near Harrogate in the UK on Thursday. When built the eight turbine wind farm...

Russian economics minister German Gref said recently that the Russian government had reached agreement with Gazprom management that the market in Gazprom shares should be opened this year. At the...

Trading was quiet this week and prices ended mixed. The prompt and near curve were slightly lower as the pool average weakened as the week went on. The Pool average was below EUR 23.00/MWh for most...

German utility MVV has bought a 51% stake in the municipal utility of Kiel from the administrators of collapsed US-owned utility TXU Europe for an undisclosed sum, the parties announced on Friday....

EgyptSales - US-based independent oil and gas exploration company Apache Corporation, whose North Sea assets include the Forties oil field, has announced a 25-year gas sales agreement that will see...

Norwegian transmission grid operator Statnett has enlisted the cooperation of Danish gas transmission company Gastra and Swedish gas transmission grid operator Nova to sound out the possibility of...

Rafael Moisis has been named the new head of Greece’s state-owned gas group Depa. Moisis has also held senior positions at the state power group PPC. Domenico Dispenza will take over as chairman of...

The reorganisation of Portugal’s energy sector has been criticised in a report commissioned by the competition authority, the Autoridade de Concorrencia (AC). The report makes a series of...

German Ruhrgas will abandon its current point-to-point third party access regime in favour of an entry-exit system that includes elements of the model advocated by the country´s gas industry in the...

Norwegian electricity grid operator Statnett’s plans to build a Scandinavian gas grid that will initially see gas delivered from Sweden to the Oslo region has come under criticism. Norwegian oil and...

Rumours that Total is in the frame to acquire 25% of Sibneft, the Russian oil and gas major controlled by Roman Abramowicz, were met by a terse “no comment” from company sources. Since acquiring Fina...