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News Archive

Power

“Immediate” government investment in large-scale, low carbon power required to meet UK emission targets – report

The UK government must make “immediate” investment in large scale, low carbon electricity generation plants if it is to meet its own carbon dioxide reduction targets, according to a new report from...

31 May 2005 00:00 | EDEM

Power

Austrian EVN posts 24.7% rise in sales for first half of 2004/05 fiscal year

Austrian energy supplier and services company EVN AG has posted sales revenues for the first half of its 2004/05 fiscal year (1st October 2004 to 31st March 2005) of EUR 857.7 million, a year-on-year...

31 May 2005 00:00 | EDEM

Power

Barsebäck 2 nuclear shuts down despite industry calls for supply reprieve

Sweden’s Barsebäck 2 (600 MW) nuclear plant went offline permanently on Tuesday as planned, according to the Swedish government, despite strong criticism from power lobby groups that Nordic demand is...

31 May 2005 00:00 | EDEM

Gas

Belgian regulator seeks feedback on Fluxys´ transport services, network code

Belgium´s energy regulator CREG (Commission de Régulation de l´Electricité et du Gaz) has invited shippers to express their views on the indicative transmission programme and network code submitted...

31 May 2005 00:00 | ESGM

Power

EEX to start physical futures trading 1st June

German power exchange EEX is to begin physical futures trading on 1st June after reaching an agreement on the handling of sales tax with the Federal Department of Finance, the group said on Monday....

31 May 2005 00:00 | EDEM

Power

Elia’s shareholders approve capital increases paving way for IPO

Shareholders of Belgian transmission grid operator Elia on Monday approved a decision to increase the company’s capital by up to EUR 150 million through a public offering. In addition, shareholders...

31 May 2005 00:00 | EDEM

Gas

Gazprom, RWE ponder German CCGT

Russian gas producer Gazprom and German utility major RWE are discussing the launch of joint gasfuelled power projects in Germany, the Russian company revealed this week. Commenting on the latest...

31 May 2005 00:00 | ESGM

Power

Gazprom, RWE ponder Germany CCGT

Russian gas producer Gazprom and German utility major RWE are discussing the launch of joint gasfuelled power projects in Germany, the Russian company revealed this week. Commenting on the latest...

31 May 2005 00:00 | EDEM

Gas

GDF finalises buy of 51% in Romanian distributor

GDF, France’s state-owned gas company, finalised its purchase of a 51% stake in Romanian gas distributor Distrigaz Sud, the French company announced on Tuesday. The EUR 300 million deal bolsters...

31 May 2005 00:00 | ESGM

Gas

German, Swiss banks predict short-term decline in Brent crude price – VIK

German and Swiss banks see downward potential in the price of Brent crude futures to as low as $45 per barrel over the next twelve months but predict a trend reversal from next summer that could push...

31 May 2005 00:00 | ESGM

Power

Great Britain supply margin to widen to 32.2% by 2011/12 – NGT

Contracted generation across Great Britain will increase by 11.7 GW by 2011/12, according to National Grid Transco’s 2005 Seven Year Statement (SYS). The statement is the first to cover Scotland as...

31 May 2005 00:00 | EDEM

Power

International Power buys 1,200 MW Saltend CCGT for £500 million

International Power has bought the UK-based 1,200 MW Saltend CCGT from US utility Calpine Corporation for a total sum of £500 million. The acquisition was made in a 70:30 partnership with Japan’s...

31 May 2005 00:00 | EDEM

Gas

International Power buys UK’s Saltend CCGT

International Power has bought the UK-based 1,200 MW Saltend CCGT from US utility Calpine Corporation for a total sum of £500 million. The acquisition was made in a 70:30 partnership with Japan’s...

31 May 2005 00:00 | ESGM

Gas

LNG key to Brufau’s ‘relaunch’ of Repsol as gas-based upstream major

The refocusing of Spanish oil and gas major Repsol YPF as a gas-based upstream group has moved ahead with the launch of an ambitious five-year plan on Wednesday by Antonio Brufau, who took over as...

31 May 2005 00:00 | ESGM

Power

NGT says UK will not suffer cuts in severe winter, but won’t give forecast

If the UK experiences a severe winter this year, the demandside response should still be high enough to prevent black-outs and cuts in gas supply to domestic customers, according to a document on the...

31 May 2005 00:00 | EDEM

Gas

Petronas gets first cargo of six for spot market as BG’s Idku opens early

Malaysian state company Petronas lifted the first cargo from the new liquefaction plant at Idku on Egypt’s Nile Delta on Sunday, 29th May, BG said at the weekend. Six cargoes for the spot market from...

31 May 2005 00:00 | ESGM

Power

Spanish demand for May up 4.5% year-on-year

At approximately 19.3 TWh, Spanish electricity demand rose 4.5% year-on-year in May, according to the network grid operator Red Electrica España (REE) on Tuesday. Power demand for the year to date is...

31 May 2005 00:00 | EDEM

Gas

Statoil spuds first well on Tulipan

Statoil has spudded its first deepwater exploration well on its Tulipan prospect in the Norwegian Sea. The well, located in block 6302/6 west of Hydro’s Ormen Lange gas field, is in 1,250 metres of...

31 May 2005 00:00 | ESGM

Gas

Transco says UK will not suffer cuts in severe winter, but won’t give forecast

If the UK experiences a severe winter this year, the demand-side response should still be high enough to prevent black-outs and cuts in gas supply to domestic customers, according to a document on...

31 May 2005 00:00 | ESGM

Power

UK Heren Index for June ’05 hits all time high of £31.01/MWh

The June 2005 UK power Heren index stands at £31.01/ MWh. It is the highest level for a June index by a margin of more than 50%, and the highest monthly index since January. The June index was...

31 May 2005 00:00 | EDEM

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