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News Archive

Gas

Austria’s EconGas to hold gas release auction in June

Austria’s largest supplier EconGas is to carry out its seventh gas release auction on 17 June. The subsidiary of OMV Gas & Power, WIEN ENERGIE, EGBV and BEGAS plans to auction at least 2,781,300MWh...

30 Apr 2009 00:00 | EGM

Gas

Austrian TSO launches booking season for new pipelines

Austrian Gas Grid Management (AGGM) announced a “Booking Season West 2009” this month, with a view to expanding capacity in the western part of the eastern control area.Austria’s gas network is...

30 Apr 2009 00:00 | EGM

Gas

BP denies delay to Azeri Shah-Deniz phase II gas volumes

BP Azerbaijan refuted a recent report that there has been a setback to the first gas from Phase II of Azerbaijan’s Shah-Deniz field, saying the company is not yet ready to commit to a deadline. “We...

30 Apr 2009 00:00 | EGM

Gas

Bulgaria edges further down path of supply diversification

This month witnessed a succession of moves edging Bulgaria closer to its goal of supply diversity and improved energy security. Bulgaria signed a memorandum of understanding with Egypt this month to...

30 Apr 2009 00:00 | EGM

Gas

CME to launch NBP, Henry Hub spread contract

CME Group, the US-based derivatives exchange that now includes NYMEX, is set to launch an NBP versus US Henry Hub gas spread product, ICIS Heren understands. This would be the exchange’s first foray...

30 Apr 2009 00:00 | EGM

Gas

Dutch TTF: Prompt and curve diverge with Winter ’09 being the stress point

The TTF told two stories over the last two weeks with the prompt and the near curve gaining territory, while the far curve posted losses on oil across all periods. The Dutch spot, the front months...

30 Apr 2009 00:00 | EGM

Power

Focus: Countries in no hurry to implement third EU package

The EU Parliament’s vote on new energy legislation last week fired the starting gun in a 1½-year-long slog to impose new unbundling structures on Europe’s energy suppliers and beef up the powers of...

30 Apr 2009 00:00 | EDEM

Gas

French PEG: prompt prices steadily supported by storage demand

Amid bearish fundamentals in France, PEG Nord prompt prices were mainly lent support by buying interest that came from companies with storage capacity even if some traders thought buying was still...

30 Apr 2009 00:00 | EGM

Gas

French storage operator has big plans for Germany

Storengy Deutschland, the German subsidiary of GDF SUEZ’ storage arm, is planning to become a major player in Germany’s storage market in the coming years, the company told ICIS Heren. One step in...

30 Apr 2009 00:00 | EGM

Gas

German markets: Premium of EGT over TTF narrows

The EGT and the BEB tracked movements at neighbouring hubs since the middle of April. Prompt and near curve were stable or slightly firmer. Farther dated periods shed ground, taking their cue from...

30 Apr 2009 00:00 | EGM

Gas

Italian PSV: Market turns bearish amid thin liquidity

The Italian market, although fairly illiquid, is definitely becoming more bearish. “If I could renegotiate my contracts, I would do it straight away,” one trader said. Another expressed concern for...

30 Apr 2009 00:00 | EGM

Power

Low demand offsets depleted Nordic reservoirs

Nordic reservoir levels have finally begun to increase in the past fortnight after a six-month erosion to their lowest levels in five years (see graph 1). While the reservoirs are gradually...

30 Apr 2009 00:00 | EDEM

Gas

Markets Highlight: Demand boosts Interconnector flows

Export flows from the UK to Continental Europe through the Interconnector have averaged almost 30Mm3/day over the past two weeks, and around 28Mm3/day since the start of April, a turnaround from last...

30 Apr 2009 00:00 | EGM

Gas

NBP: Imminent arrival of a large LNG cargo buoys market

Having started bullishly, prompt contracts at the NBP retraced some of their gains posted in the last fortnight. Uncertainty over new Norwegian production levels and increased demand – particularly...

30 Apr 2009 00:00 | EGM

Gas

News

AlgeriaPipelines - Gas-rich Algeria is to invest $5bn (EUR3.8bn) to increase its gas transport capacity by 50% by 2013, energy minister Chakib Khelil was quoted as saying by state-run daily...

30 Apr 2009 00:00 | EGM

Gas

Rival Hungarian trading platforms planned for 2009 & 2010

Hungary’s MOL, MVM and E.ON Földgáz plan to launch two new gas trading platforms for the country’s balancing market next summer and in summer 2010, which could pave the way for the development of an...

30 Apr 2009 00:00 | EGM

Gas

Surgutneftegaz acquisition of MOL participation “unfriendly”

Following the acquisition of 21.2% of Hungarian MOL from Austrian OMV by the Russian oil and gas producer, Surgutneftegaz, it seems that MOL is regarding the acquisition with some distaste –...

30 Apr 2009 00:00 | EGM

Gas

TSOs push ahead with Dutch-German integration plan

Transmission system operators (TSOs) Gas Transport Services (GTS) and Gasunie Deutschland Transport (GUD) are taking the next steps aimed at jointly expanding their networks in north Germany and the...

30 Apr 2009 00:00 | EGM

Gas

US Moncrief resurrects compensation case against Gazprom

US independent Moncrief Oil International is resurrecting a court case against Gazprom for compensation amounting to $110 million. The case was instigated in April last year in the Tarrant regional...

30 Apr 2009 00:00 | EGM

Gas

Zeebrugge: Interconnector flows expected to rise on maintenance

Despite the NBP suffering some ups and down in the past fortnight, the Belgian short-term contract retained a hefty premium and the Interconnector pipeline continued to send consistent volumes to the...

30 Apr 2009 00:00 | EGM

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