German gas wholesaler and transmission group VNG is currently pondering over a potential entry into the British gas market, attracted by comparatively high price levels. “We are considering whether...

The long-awaited report of an investigation by the British energy regulator into price movements last winter has proved to be something of a damp squib. But no news is not necessarily good news. The...

The Association of Energy Suppliers (AES) has launched a new code of practice to deal with energy mis-selling. The new “code panel” will be headed by Lord Dubs and will hear appeals from code members...

The power strike in France on Wednesday helped revive Spanish exports, which have been in abeyance for several weeks due to generally weaker Peak prices in France. Exports ran near maximum levels on...

Day-ahead Baseload dropped EUR 13.875/MWh to EUR 13.80-14.20/MWh as demand is forecast to tumble on the Whit Monday bank holiday. Peaks traded down from EUR 17.00/MWh to EUR 16.00/MWh before closing...

French finance minister Nicolas Sarkozy has said the government will set aside EUR 500 million of possible future proceeds from the partial privatisation of state utility EdF to reinvest in the...

The Financial Services Authority (FSA) is investigating allegations that a number of players in the British gas market were manipulating the price indices on which contracts are priced and/or...

This month saw German gas majors Ruhrgas and VNG Verbundnetz Gas report not only increased sales, but more significantly increased profits. Ruhrgas’ earnings before tax increased by 75% from EUR 0.8...

The front months and most quarters fell sharply this week, while the Cal ’05 and ’06 remained firm. There were Baseload losses of around EUR 2.00/MWh for June, July, Q3 ’04 and Q4 ’04 and of one euro...

Royal Dutch Shell Group has released its annual report for 2003, showing net income up 29% to £6.81 billion, but there will be no bonuses for directors as the company tries to rebuild its reputation...

Renaissance Capital has drawn foreign investment worth $100 million for the creation of a new Bermuda-listed fund in Gazprom shares called Rengaz . Rengaz is registered on the Cayman Islands....

CompaniesResults - Mannheim-based MVV’s first quarter group sales are up 10% year-on-year to EUR 885 million. The company attributes the results to increased power and gas sales, up 19% to EUR 393...

Linda Cook has been appointed to Royal Dutch/ Shell Group’s committee of managing directors, with effect from 1st August. Cook - currently head of Shell Canada - will also head Shell’s gas and power...

As Poland looks at the new possibilities brought by EU accession POGC continues to mull a decision on whether to cooperate with the Ruhrgas-Bartimpex joint venture IRB to build a pipeline from Bernau...

The Polish government has given way to pressure from Brussels and announced that the Polish gas market is to be opened to all except household users from 1st July this year bringing it into line with...

The Romanian government has entered into exclusive talks with Austrian OMV over the privatisation of the country´s largest oil and gas group SNP Petrom, the Vienna-based oil and gas producer has...

German Ruhrgas is taking soundings on possible involvement in Russian gas production in cooperation with Russian independent producers. “Gazprom is our long-term partner and it is our preference to...

Russia has reached agreement with the EU regarding terms for its entry to the WTO which also have implications for the country’s gas market. In return for concessions in other areas of trade Russia...

Russian oil company Yukos, under fire from the government, says that a 99 billion roubles (EUR 2.8 billion) tax bill could send it into bankruptcy this year. The government would take control of the...

Norwegian electricity grid operator Statnett will replace the 300 kilovolt (kV) line between the Nea power station in mid- Norway and Järpströmmen transformer station in mid-Sweden. The new 420kV...