Austria’s OMV this month signed a Heads of Agreement (HoA) covering three major investments in Iran. The deal should see OMV help the Iran’s state National Iranian Oil Company (NIOC) develop Phase 12...

The proposed Gate LNG receiving terminal in Holland stole a march on its competitors this month when it announced Shell had signed a Heads of Agreement (HoA) to take 4 Gm3/yr of capacity, joining RWE...

The Dutch prompt retained its premium to Britain for most of April, with TTF Day-ahead closing on average EUR 1.00/MWh above NBP since 4th April, until a long anticipated downward correction finally...

The BBL pipeline operator this month began offering daily physical capacity from the Netherlands to the UK, though EGM notes it has still failed to address its commitment to offer...

There is growing optimism over Europe’s most easterly trading hub – the Central European Gas Hub – otherwise known as Baumgarten. The number of companies signed up to trade has grown quickly in the...

The French prompt and curve tracked the Continental bears although the downside was less pronounced than the Belgian and Dutch hubs. Day-ahead closing price softened from EUR 9.55/MWh to EUR 8.70/MWh...

French GDF Trading and Cheniere Marketing have entered into an LNG Sales & Purchase Agreement for Cheniere Marketing to buy seven cargoes from GDF Trading during 2008, at an agreed Henry Hub-based...

Another 400 GWh of French storage capacity will be auctioned on 15th May, GDF’s major infrastructure unit, Direction des Grandes Infrastructures (DGI), said. A total of 200 GWh in GDF’s Centre...

The Dutch TTF and German BEB hubs both secured volumes in the second gas release auction held by Dong Energy in Denmark. Both hubs successfully bid for five lots in the auction, while the British NBP...

The German markets have experienced an upturn in liquidity. At the EGT, contracts through to and including Gas Year ’07 changed hands. Traders reported what appeared to be the first-ever deals for...

The Italian spot price for the rest of summer continued to fall in the second half of April. Domestic demand is very low and some municipalities and suppliers with domestic customers, are now...

Two big new salt cavern storage developments, plus a major pipeline to the Netherlands, are being planned for northern Germany (see Comment on page 16). The storage facilities, in the Etzel salt dome...

NBP contracts fell across the board on bearish fundamentals as warmer weather prevailed, stock levels remained high and no new supply issues emerged.The degree of bearish sentiment was underlined by...

BelgiumTrading - Benelux bank Fortis is set to start trading gas at the Belgian Zeebrugge hub. Fortis signed an agreement with Zeebrugge operator Huberator on 18th April to start trading within a...

OMV Adriatic Sea Exploration GmbH, the Albanian wholly owned subsidiary of the Austrian oil and gas incumbent OMV, signed an asset swap agreement with Island Rockall JV Limited (Island), owned by...

Romanian gas transmission system operator Transgaz plans to expand its interconnectors with Hungary, Bulgaria and Ukraine over the next one or two years. In addition, it is preparing a new network...

Russia’s economic development and trade minister German Gref recently criticised Gazprom’s underinvestment at a government meeting and called for independent producers to be given unrestricted access...

In the last Mezhregiongaz (MRG) auction on 27th April 110.4 million cubic metres (Mm3) traded. Gazprom’s sales accounted for 74.3 Mm3, while independents sold a combined total of 36.1 Mm3 (see...

Shell this month became the latest of a string of companies to announce plans for regasification build in France. Shell Energy Europe, the European arm of the group’s gas and power business, is...

Belgian gas prices fell sharply in the second half April, with Zeebrugge tracking the bears at the NBP. Prompt and near curve bases were largely unchanged. Day-ahead basis stood mostly at +0.60 p/th,...