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News Archive

Gas

Austrian OMV signs upstream and LNG deals with Iran

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...

30 Apr 2007 00:00 | EGM

Gas

Dutch Gate LNG terminal signs third major user

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...

30 Apr 2007 00:00 | EGM

Gas

Dutch TTF: Prompt at EUR 1.00/MWh premium to NBP until crash

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...

30 Apr 2007 00:00 | EGM

Gas

Dutch/UK BBL offers daily physical capacity but no reverse flow

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...

30 Apr 2007 00:00 | EGM

Gas

Focus on Baumgarten

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...

30 Apr 2007 00:00 | EGM

Gas

French PEG: Premium to Zeebrugge persists as liquidity peaks on the PEGs

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...

30 Apr 2007 00:00 | EGM

Gas

GDF and Cheniere in LNG Sales & Purchase Agreement

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...

30 Apr 2007 00:00 | EGM

Gas

GDF storage arm to auction extra 400 GWh capacity for 2007

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...

30 Apr 2007 00:00 | EGM

Gas

German BEB and Dutch TTF successful hubs in Danish auction

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...

30 Apr 2007 00:00 | EGM

Gas

German markets: liquidity bolstered; first virtual trades on EGT

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...

30 Apr 2007 00:00 | EGM

Gas

Italian PSV: Companies with no flexibility desperate to sell

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...

30 Apr 2007 00:00 | EGM

Gas

Major storage site with Dutch pipe link planned for Germany

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...

30 Apr 2007 00:00 | EGM

Gas

NBP prices fall across the market on bearish fundamentals

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...

30 Apr 2007 00:00 | EGM

Gas

News Briefs

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...

30 Apr 2007 00:00 | EGM

Gas

OMV signs Irish/Albanian asset swap with Island Rockall

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...

30 Apr 2007 00:00 | EGM

Gas

Romania to diversify supply with three more interconnectors

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...

30 Apr 2007 00:00 | EGM

Gas

Russia’s Gref calls for unrestricted TPA

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...

30 Apr 2007 00:00 | EGM

Gas

Russian exchange volumes boosted by start of shipping season

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...

30 Apr 2007 00:00 | EGM

Gas

Shell plans French regasification terminal at Fos-sur-Mer

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...

30 Apr 2007 00:00 | EGM

Gas

Zeebrugge Hub: High UK exports continue into Zeebrugge

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,...

30 Apr 2007 00:00 | EGM

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