Cookies on the ICIS website

close

Our website uses cookies, which are small text files that are widely used in order to make websites work more effectively. To continue using our website and consent to the use of cookies, click away from this box or click 'Close'

Find out about our cookies and how to change them

News Archive

Gas

East German VNG sets sights on entry into British gas market

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...

28 May 2004 00:00 | EGM

Gas

EGM Comments

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...

28 May 2004 00:00 | EGM

Power

Energy suppliers launch New code of practice

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...

28 May 2004 00:00 | EDEM

Power

Exports revive on French strike

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...

28 May 2004 00:00 | EDEM

Power

Far curve drops slightly in extremely thin liquidity

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...

28 May 2004 00:00 | EDEM

Power

French finance minister to give EUR 500m to EdF

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...

28 May 2004 00:00 | EDEM

Power

FSA investigates manipulation allegations while Ofgem probe continues

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...

28 May 2004 00:00 | EDEM

Gas

Good results for German majors despite “fierce competition”

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...

28 May 2004 00:00 | EGM

Power

Months and quarters take a tumble

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...

28 May 2004 00:00 | EDEM

Power

Net income up 29%, but no bonuses for Shell bosses

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...

28 May 2004 00:00 | EDEM

Gas

New share funds set up in anticipation of Gazprom share liberalisation

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....

28 May 2004 00:00 | EGM

Gas

NEWS briefs

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...

28 May 2004 00:00 | EGM

Gas

People in the gas industry

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...

28 May 2004 00:00 | EGM

Gas

POGC wants two-directional Bernau-Szczecin line

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...

28 May 2004 00:00 | EGM

Gas

Polish gas market to open to all but domestic users from July

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...

28 May 2004 00:00 | EGM

Gas

Romanian Petrom enters into exclusive talks with OMV

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...

28 May 2004 00:00 | EGM

Gas

Ruhrgas sounds out possibilities with Russian independents

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...

28 May 2004 00:00 | EGM

Gas

Russia agrees to raise prices as part of EU agreement on WTO accession

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...

28 May 2004 00:00 | EGM

Gas

Russian Yukos faces bankruptcy over EUR 2.8 billion tax bill

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...

28 May 2004 00:00 | EGM

Power

Statnett raises transmission capacity in Norway

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...

28 May 2004 00:00 | EDEM

Search News Articles