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News Archive

Gas

Belgium: Prompt bases narrow on strong LNG supply to Belgium

Gas supply restrictions in the UK pushed up the Zeebrugge price for the second consecutive session on Thursday.The biggest gains were seen on Zeebrugge...

28 Apr 2011 19:12 | ESGM

Power

Bulgarian nuclear site evacuated

Staff at unit 5 of the Bulgarian Kozloduy nuclear power plant were evacuated on Tuesday following a detected increase in radiation of rare gases, according...

28 Apr 2011 19:00 | EDEM

Power

CEE/SEE: Polish Q1 ‘11 deals below Cal ‘12 value

The near and far curve made gains across central and southeast Europe on Thursday, tracking German traders taking the opportunity to bid the curve up. The...

28 Apr 2011 20:26 | EDEM

Coal market comment: Energy rally and strong euro pulls CIF ARA to three-week high

A rally in surrounding energy markets and stronger currencies made coal swaps continue to rise on Thursday, with the CIF ARA front year contract hitting...

28 Apr 2011 20:57 | CSD

Gas

Daily oil summary

Oil prices showed little direction during the morning session on Thursday, with a decrease in early trading followed by recovery towards midday. Brent...

28 Apr 2011 20:27 | EDEM ESGM

Power

Gaselys to become GDF SUEZ Trading under merged entity

The trading subsidiary of Paris-based gas giant GDF SUEZ, Gaselys, will be rechistened GDF SUEZ Trading from Monday, the company announced on Thursday.In...

28 Apr 2011 19:37 | EDEM ESGM

Gas

Gazprom confirms bullish price outlook

Gazprom is continuing its price negotiations with a number of European gas consumers with long-term contracts, a company representative told a telephone...

28 Apr 2011 20:46 | ESGM

Gas

Germany/Austria: Spot and curve move up ahead of long weekend

A hectic trading day was seen on the German NCG and GASPOOL markets, as well as on the Austrian Baumgarten on Thursday, as traders were closing positions...

28 Apr 2011 20:49 | ESGM

Power

Germany/France: Power utilities bully the curve up in illiquid market

The continental curve traded up again on Thursday, with traders saying that utilities were taking advantage of illiquid markets to bump up contract values....

28 Apr 2011 20:16 | EDEM

Power

Italy: Power curve refuses to climb, despite oil’s gains

Italy's curve ignored rises on the continental power and Brent crude markets, and mostly held stable on Thursday, much to the disappointment of traders who...

28 Apr 2011 19:46 | EDEM

LNG

Market comment: Golar to load at Cameron LNG

In the US Gulf, the 126,000 cubic metre (m³) LNG Gemini remains on the Texas coast near Corpus Christi for what sources said is a retrofitting process to...

29 Apr 2011 07:13 | LMD

LNG

NBP: Bullish rally after Ormen Lange imports fall

The NBP remained bullish for a second session on Thursday, as the overnight closure of Norway's Ormen Lange gas field saw imports into the UK drastically...

29 Apr 2011 06:28 | LMD

Power

Netherlands: Prompt slips, more bears expected next week

Electricity prices in the Netherlands approached the end of the week on a slightly bullish note on Thursday, although the front month posted strong losses....

28 Apr 2011 19:29 | EDEM

Gas

Netherlands: TTF rises on bullish sentiment as new month approaches

The TTF extended the gains of the previous session on Thursday.Bullish sentiment drawn from the NBP prevailed in a session described as very busy...

28 Apr 2011 19:18 | ESGM

Power

Nuclear output offsets lower hydro for Finland's Fortum

First-quarter revenues for Finnish utility Fortum amounted to €2.0bn in 2011, up from €1.95bn last year, according to the company on Thursday.Revenue...

28 Apr 2011 18:51 | EDEM

LNG

NYMEX: Bullish stocks report sends prompt up 4%

The NYMEX June '11 contract took over as the prompt benchmark on Thursday, the same day that the government's weekly storage report showed stocks had slipped...

29 Apr 2011 06:27 | LMD

Physical coal comment: Australian cargoes up on tenders, but Europe weaker

More supply from Colombia and Russia pushed down the price of physical coal deliveries into Europe over the week, while South African deliveries also came...

28 Apr 2011 18:35 | CSD

Gas

Shell Q1 natural gas production steady as company diversifies portfolio

Oil and gas major Shell said on Thursday that total natural gas production fell marginally from 305.6 million cubic metres (Mm³)/day to 300Mm³/day year on...

28 Apr 2011 18:34 | ESGM

Gas

UK: Bulls increase grip on prompt as import volumes plummet

The bulls extended their hold over the NBP on Thursday into a second session, as the overnight closure of Norway's Ormen Lange gas field (see separate story)...

28 Apr 2011 19:05 | ESGM

Power

UK: Power curve sparks outpace stronger fuels complex

Thursday saw the second rebound of the week as contracts pushed up on the power prompt and curve on the back of a strong NBP. A tight gas system on account...

28 Apr 2011 20:58 | EDEM

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