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News Archive

Gas

Austrian OMV strikes gas reserves in the Vienna Basin of up to 4 billion m³

Austrian oil and gas producer OMV has discovered gas reserves in the Vienna Basin, which are estimated to be as high as 4 billion cubic metres (Gm³) and mark the biggest the domestic find in more...

29 Apr 2005 00:00 | EGM

Gas

BP Germany reports operative loss despite gaining customers

Deutsche BP, the German affiliate of gas and oil major BP, says its fledgling downstream business unit gas, power and renewable energy generated an operative loss last year, without revealing...

29 Apr 2005 00:00 | EGM

Gas

Distrigaz and Electrabel control nearly 75% of Belgian market

Belgium’s four energy regulators CREG (federal), CWAPE (Wallonia), IBGE-BIM (Brussels-Central), and VREG (Flanders), have published for the first time a report on the national and regional market...

29 Apr 2005 00:00 | EGM

Gas

Dutch and Norwegian gas fills void left by falling UK output

Marketed gas production in Europe totaled 308.8 billion cubic metres (Gm³) in 2004, up 2.6% from 2003, according to preliminary estimates published by Paris-based international gas information...

29 Apr 2005 00:00 | EGM

Gas

EGM Comments

The motive force behind energy liberalisation over the past two decades has come from the commitment of successive British governments to competition, a commitment that has been adopted by the...

29 Apr 2005 00:00 | EGM

Gas

Focus on prices in Germany

Due to a lack of visible competition and a liquid wholesale market with reliable price quotations, there is still no transparent or comprehensible pricing information available in Germany. The local...

29 Apr 2005 00:00 | EGM

Gas

French president delays GDF’s IPO until after referendum

French president Jacques Chirac has decided to postpone national gas incumbent GDF’s flotation until after the country’s referendum on the European constitution — scheduled for 29th May — French...

29 Apr 2005 00:00 | EGM

Gas

Gasunie JV considers Dutch LNG terminal

Dutch gas incumbent Gasunie and Netherlands-based Vopak have signed an agreement to study the development of an LNG receiving terminal by 2010. A site in the Netherlands will be their first...

29 Apr 2005 00:00 | EGM

Gas

GDF Germany to sell almost 1 Gm³ of firm Megal capacity

Gaz de France Deutschland Transport, the unbundled transportation business of GDF’s German affiliate — which is poised to operate as a separate legal entity shortly — plans this summer to market...

29 Apr 2005 00:00 | EGM

Gas

German Bundesrat refers energy law to mediation committee

Germany´s upper house (Bundesrat) has referred the draft energy law and the accompanying ordinances on grid access fees and framework conditions to the parliamentary mediation committee. The...

29 Apr 2005 00:00 | EGM

Gas

German VNG bundles its Polish holdings to Gaz Energia

German gas transmission company and wholesale merchant VNG has bundled its Polish stakeholdings at its local subsidiary Petrico and simultaneously renamed the latter into “Gaz Energia Spólka Akcyjna...

29 Apr 2005 00:00 | EGM

Gas

NEWS briefs

Czech RepublicRe-branding - German utility RWE has aligned its Czech gas assets with its group brand and streamlined the management of six majority-controlled regional gas distributors under the...

29 Apr 2005 00:00 | EGM

Gas

People in the gas industry

Ignacio Galán has been nominated as future chairman of Iberdrola by the board of directors, succeeding Iñigo de Oriol after he retires. Mr. Oriol will remain as Chairman until the first Board meeting...

29 Apr 2005 00:00 | EGM

Gas

Permitting progress for Tuscan LNG terminal offshore Italy

An LNG terminal 12 miles offshore from the Tuscan port of Livorno has passed a major hurdle in Italy’s lengthy planning process, the backers said. The OLT Livorno scheme, backed by Swedish ship owner...

29 Apr 2005 00:00 | EGM

Gas

Poland’s POGC invites tenders for 3.4 Gm3 supply contract

Polish state oil and gas company POGC has invited tenders for the supply of up to 3.4 billion cubic metres (Gm3) for delivery between 1st July this year and 31st December 2006, with the deadline for...

29 Apr 2005 00:00 | EGM

Gas

Regal Petroleum makes significant discovery in Romania

Regal Petroleum, an independent UK-based exploration and production company, has made a gas find in Romania. The Suceava licence holds up to 107 Gm3 of recoverable dry gas Evaluations show the...

29 Apr 2005 00:00 | EGM

Gas

Russia to drop barter for cash only payment for Turkmen gas

Russian Gazprom and the Turkmen president Saparmurat Niyazov have now agreed that though Russia is to continue paying $44/thousand (K)m3 for Turkmen gas supply up to the beginning of 2007, this is...

29 Apr 2005 00:00 | EGM

Gas

Sempra of US signs up for Russian LNG imports from Gazprom

Sempra Energy, one of the largest US utilities, says it has agreed to import and market LNG supplied by Russia’s Gazprom. The memorandum of understanding signed in Moscow this month Gazprom says its...

29 Apr 2005 00:00 | EGM

Gas

Shell and ExxonMobil to market mature North Sea assets

Shell and ExxonMobil plan to market their interests in the Auk, Fulmar and Dunlin oil fields in the UK North Sea, according to Shell. The fields were commissioned in the 1970’s and early 1980’s and...

29 Apr 2005 00:00 | EGM

Gas

Spain faces winter shortage unless tariffs rise, warns Enagás

Spain may run short of gas again next winter unless regulated tariffs for industrial users are abolished or increased to near international price levels, the president of the Enagás transport...

29 Apr 2005 00:00 | EGM

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