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News Archive

Power

Analysis: UK power prices - an emissions power play?

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...

30 Apr 2004 00:00 | EDEM

Power

Curve lower after short-lived rally

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...

30 Apr 2004 00:00 | EDEM

Power

Curve moves up in extremely thin liquidity

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...

30 Apr 2004 00:00 | EDEM

Gas

EGM Comments

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...

30 Apr 2004 00:00 | EGM

Gas

Gazprom and Uzbekteftegaz sign PSA for Shakhpaty field

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...

30 Apr 2004 00:00 | EGM

Gas

Gazprom to keep sights on ownership increase in VNG

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...

30 Apr 2004 00:00 | EGM

Gas

German roundup - Ruhrgas, a skilful company

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...

30 Apr 2004 00:00 | EGM

Power

IPE unveils new UK electricity futures contracts

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...

30 Apr 2004 00:00 | EDEM

Gas

JKX Gas and DEG Handels buy over half of EuralTransGas

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...

30 Apr 2004 00:00 | EGM

Power

Knabs Ridge wind project application submitted

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...

30 Apr 2004 00:00 | EDEM

Gas

Market in Gazprom shares could be liberalised this year

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...

30 Apr 2004 00:00 | EGM

Power

May weakens after Pool slips

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...

30 Apr 2004 00:00 | EDEM

Power

MVV buys Kiel stake from TXU Europe administrators

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....

30 Apr 2004 00:00 | EDEM

Gas

NEWS briefs

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...

30 Apr 2004 00:00 | EGM

Gas

Norway’s Statnett takes the lead in Scandinavian gas grid

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...

30 Apr 2004 00:00 | EGM

Gas

People in the gas industry

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...

30 Apr 2004 00:00 | EGM

Gas

Portugal’s competition authority attacks sector revamp

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...

30 Apr 2004 00:00 | EGM

Gas

Ruhrgas settles EU-Marathon case with entry-exit pledge

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...

30 Apr 2004 00:00 | EGM

Power

Statnett’s Scandinavian gas grid solution comes under fire

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...

30 Apr 2004 00:00 | EDEM

Gas

Total interested in Sibneft, Abramowicz’s Siberian cash-cow

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...

30 Apr 2004 00:00 | EGM

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