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News Archive

Gas

Continental trading volumes fluctuate across hubs in March

There was no real consistency in the trend of trading volumes across continental Europe’s most liquid gas hubs in March, as reported by the operators. While some hubs continued to improve on...

30 Apr 2008 00:00 | EGM

Gas

Divestment of Italian Enel’s gas transmission network likely

Enel c.e.o. Fulvio Conti remained tight-lipped this month regarding the Italian power incumbent’s plans to sell off its gas network. When questioned at the 11th International Energy Forum, in Rome,...

30 Apr 2008 00:00 | EGM

Gas

Dutch Nuon to auction storage capacity via store-x

Dutch Nuon is to auction storage capacity for the German market on store-x, the internet platform for secondary capacity trading, the utility announced this month. There will be ten packages...

30 Apr 2008 00:00 | EGM

Gas

Enagas appoints firm to carry out EPCM work at El Musel

Spanish gas TSO Enagas has appointed US company Fluor Corporation to oversee engineering, procurement services and construction management (EPCM) at its planned LNG terminal at the commercial port of...

30 Apr 2008 00:00 | EGM

Gas

Eon struggles to finalise asset swap deal with Gazprom

Eon’s negotiations with Gazprom to acquire a stake in the giant Russian field Yuzhno Russkoye have failed to produce any results, contrasting markedly with the fortunes of Wintersall which managed to...

30 Apr 2008 00:00 | EGM

Gas

EU continues to court Turkmen gas as means of diversification

This month saw visits to Turkmenistan by the EU external relations commissioner Benita Ferrero-Waldner and the UK energy minister Malcolm Wicks, both in search of gas supply diversification for...

30 Apr 2008 00:00 | EGM

Gas

EU to launch inquiry into Gazprom’s 50% acquisition of CEGH

The EU Competition Commission is to study the impact of Gazprom’s joint venture with OMV at the Austrian gas hub CEGH (also known as Baumgarten), the Austrian oil and gas incumbent confirmed. Gazprom...

30 Apr 2008 00:00 | EGM

Gas

Focus on UK Continental Shelf

Gas production from the UKCS continued to fall in 2007. Producers’ association Oil & Gas UK (OGUK) calculated a decline of 12%, from an average daily amount of 214 million cubic metres per day...

30 Apr 2008 00:00 | EGM

Gas

French PEG: Prompt sheds some NBP-led gains, front winter up on oil

In France, PEG Nord Day-ahead was stable in mid-April closing at EUR 26.30/MWh on Thursday, 17th April. The spread to Zeebrugge proved volatile as PEG Nord Day-ahead basis fluctuated between a EUR...

30 Apr 2008 00:00 | EGM

Gas

Gas Natural targets 5% of French I&C market

Gas Natural is eyeing a 5% share of the French industrial and commercial (I&C) supply market, Luis Bertrán, director general of Gas Natural’s French arm said.Bertrán told delegates at an industry...

30 Apr 2008 00:00 | EGM

Gas

Gazprom’s Vemex and Czech MND sign MoU on storage in Czech Republic

Gazprom-controlled Czech gas supplier Vemex has signed a Memorandum of Understanding (MoU) with Czech oil and gas company Moravské naftové doly (MND) to build an underground gas storage facility with...

30 Apr 2008 00:00 | EGM

Gas

GDF boosts E&P activities in Norway ahead of Suez merger

Gaz de France (GDF) is to start flowing gas into the St. Fergus entry point in Scotland by late 2010, Atle Sonesen, asset manager at GDF’s Norwegian subsidiary, GDF Norge, told reporters this month...

30 Apr 2008 00:00 | EGM

Gas

German markets: BEB Day-ahead wavers above and below TTF

The German markets took their cue from neighbouring hubs since the middle of April. Prompt and near curve at EGT, BEB and TTF were aligned for most the time, although the German contracts were...

30 Apr 2008 00:00 | EGM

Gas

German VNG and Gazprom to build joint storage facility

German gas supplier Verbundnetz Gas and Gazprom have signed an agreement with a view to build and operate a common storage facility, the two companies announced this month. Until 2022, they are...

30 Apr 2008 00:00 | EGM

Gas

Lukoil to invest EUR 1.6 billion in Caspian undersea pipeline

Russian Lukoil plans to invest more than RUB 60 billion (EUR 1.6 billion) into building 2,000 kilometres worth of underwater pipeline to ship oil and gas from six fields in the Caspian Sea, according...

30 Apr 2008 00:00 | EGM

Gas

Markets Highlight: Is there more upside on NBP Winter ’08?

As global oil markets continue to impact long-term continental gas prices, and in turn, the British hub, NBP Winter ’08 was lifted to a life-of-contract closing high of 83.60 p/th on 22nd April 2008,...

30 Apr 2008 00:00 | EGM

Gas

News Briefs

CompaniesResults - Gaz de France (GDF) made up for stagnant sales in its French home market by selling more gas outside the borders in the first quarter of 2008. Colder weather than last year also...

30 Apr 2008 00:00 | EGM

Gas

Russian gas price falls 10% session-on-session in latest auction

A total of 34.8 million cubic metres (Mm3) traded in the latest Mezhregiongaz (MRG) auction on 21st April, according to figures published on MRG’s website (see table). Gazprom’s sales accounted for...

30 Apr 2008 00:00 | EGM

Gas

Troll gas production could bow to oil if the price is right

Gas production at the giant Troll associated field may be reduced in order to boost oil output, if there is an economic case for it, StatoilHydro told Heren Energy.“We would reinject gas [into Troll]...

30 Apr 2008 00:00 | EGM

Gas

TTPC expansion set to start on 1st May, after delay

Algeria is due to send delayed gas deliveries into Italy through the TTPC pipeline on 1st May, said Mohamed Meziane, c.e.o. of Algerian gas incumbent Sonatrach, at the sidelines of the 11th...

30 Apr 2008 00:00 | EGM

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