Algeria is reportedly toughening up its stance in ongoing gas contract renegotiations with Spain. The country is now looking to raise the price of its long-term contracts with Spanish gas incumbent...

Dutch electricity network operator TenneT has invited interested parties to tender for the supply of electricity balancing services in 2008. TenneT will launch a contracting process for regulating...

Finnish power company Fortum has cancelled plans to build a 300 MW gas-fired power station in Finland, after the project’s co-partners pulled out of the deal. Fortum said construction costs had...

Finnish power company Fortum has cancelled plans to build a 300 MW gas-fired power station in Finland, after the project’s co-partners pulled out of the deal. Fortum said construction costs had...

The trilateral coupling mechanism uniting the French, Dutch and Belgian power exchanges returned to force on Monday, after IT problems decoupled the day-ahead markets on Friday and Saturday. “We had...

Norwegian energy and aluminium group Norsk Hydro is selling its 50% share in UK-based joint venture HydroWingas to Wingas, the Kassel-based energy provider announced on Monday. Hydro accepted an...

Electronic energy marketplace and soft commodity exchange IntercontinentalExchange (ICE) on Monday announced plans to build on its existing US clearing operations with the formation of a wholly-owned...

Electronic energy marketplace and soft commodity exchange IntercontinentalExchange (ICE) on Monday announced plans to build on its existing US clearing operations with the formation of a wholly-owned...

UK-based oil and gas exploration firm Northern Petroleum has acquired a new exploration licence in Utrecht in the Netherlands, the company announced on Monday. The Utrecht licence is located in the...

Michal Skalka, director of trading for CEZ, has told Heren Energy he expects liquidity to pick up rapidly in the Czech market, not just on the Prague Energy Exchange for forward trading, but on the...

110.4 million cubic metres (Mm3) traded in the last Mezhregiongaz (MRG) auction on 27th April, according to figures published last Friday on MRG’s website. Gazprom’s sales accounted for 74.3 Mm3,...

Scottish Power has announced a cut of up to 16.5% in its UK gas supply tariffs from 15th June. Its electricity prices for domestic customers will be cut by up to 5.5% from the same date. The company...

Scottish Power has announced a cut of up to 16.5% in its UK gas supply tariffs from 15th June. Its electricity prices for domestic customers will be cut by up to 5.5% from the same date. The company...

UK E&P independent Dana Petroleum on Monday posted an 8.9% drop in operating profits to £96.2 million (EUR 140.8 million) for 2006. However, the fall was accompanied by a 17% increase in the group’s...

The May 2007 UK power Heren monthly index stands at £20.17/MWh, down 3% from the April 2007 index. The May ’07 index is 52% below that for May ‘06 and is the lowest monthly index since June 2004. The...

UK industry is concerned the government is planning to avoid measures to boost natural gas storage facilities in the UK in an Energy White Paper due on 17th May. A report in UK daily newspaper The...

EDF Energy is to lower its gas bills for domestic consumers by 10.2% from 15th June. The company has no plans to cut its electricity supply tariff, however. For a dual fuel customer the reduction...

EDF Energy is to lower its gas bills for domestic consumers by 10.2% from 15th June. The company has no plans to cut its electricity supply tariff, however. For a dual fuel customer the reduction...

British energy regulator Ofgem has taken a final decision to grant UK network operator National Grid’s Grain LNG an exemption from regulated third-party access requirements for its phase 3 expansion...

Centrica Storage Limited (CSL), the operator of the UK’s biggest gas storage facility, Rough, revealed the average price of capacity at the site was 53.4 p/th for the storage year 2007-08 (1st May...