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News Archive

Gas

Czech regulator proposes virtual trading hub to spur competition

The Czech Republic’s Energy Regulatory Office (ERU) has proposed a virtual gas trading hub from January 2007, to enable excess gas to be traded. The proposed model is designed to encourage...

31 May 2006 00:00 | EGM

Gas

Czech regulator to fine RWE Transgas for overcharging

The Czech energy regulator ERU has hit RWE Transgas with a fine of between CZK 20 million and 30 million (EUR 710,000 and EUR 1.06 million) for overcharging larger gas consumers. According to reports...

31 May 2006 00:00 | EGM

Gas

Eastern News

BelarusTSO - Beltransgaz, the state-owned gas pipeline monopoly of Belarus, has agreed to transfer 50% of its assets into a joint venture with Gazprom.Gazprom has been attempting to gain control of...

31 May 2006 00:00 | EGM

Gas

EC approves Bayerngas and Deutsche Essent’s procurement JV

The European Commission has approved a joint venture between Munich-based Bayerngas and Deutsche Essent, the German holding subsidiary of Dutch utility Essent, to form a joint gas procurement...

31 May 2006 00:00 | EGM

Gas

ENI looking for stake in Russia’s Yuzhno Russkoye field

Russian news sources report ENI and Gazprom are coming closer to the expected deal that would see ENI take Russian upstream assets in return for Italian downstream business. ENI is now reportedly in...

31 May 2006 00:00 | EGM

Gas

EU raids companies in competition probe

The European Commission raided gas companies in six countries in several raids this month to investigate suspicions of uncompetitive behaviour. At least twenty sites in Italy, France, Germany,...

31 May 2006 00:00 | EGM

Gas

Eurohub: Last throes or new dawn? The jury is still out

There have been changes at Eurohub this year, but they have so far failed to result in trading. The hub is a virtual trading point linking the Norwegian gas entry points at Dornum and Emden with the...

31 May 2006 00:00 | EGM

Emissions

Finnish presidency

The Finnish government, set to take the EU presidency in July, told trade publication Wind Directions it would not focus on renewable energy targets during its mandate.“Finland is not pushing for any...

31 May 2006 00:00 | EDCM

Gas

Firm transport capacity makes E.On’s 4th gas release a success

German E.ON Ruhrgas’ fourth annual gas release programme sparked significant interest this month, driving the final purchase price to EUR 6.00 per lot above the reserve price, compared to a EUR 1.00...

31 May 2006 00:00 | EGM

Gas

Focus on Libya

Libya has proven gas reserves of 1.5 trillion cubic metres (BP statistical review 2005), though the country’s actual reserves are largely unexploited and thought by Libyan experts to be much larger –...

31 May 2006 00:00 | EGM

Gas

Gazprom extends Miller’s chairmanship for further 5 years

The board of Russian state-controlled monopoly Gazprom has reappointed chief executive officer Alexei Miller for a further five years from 31st May, the date when the old contract expires. It was...

31 May 2006 00:00 | EGM

Gas

Gazprom’s claimed losses on domestic sales may be red herring

The Russian domestic gas market was for many years a money loser for Gazprom, with its regulated domestic prices set well below international levels and even below levels which would cover costs. At...

31 May 2006 00:00 | EGM

Gas

Madrid Forum still tackling lack of transparency and TPA

The Eleventh Madrid Forum on European gas regulation held this month again tackled the thorny issue of access to Europe’s gas storage facilities, despite having published guidelines for good practise...

31 May 2006 00:00 | EGM

Gas

NBP and Zeebrugge: Rough delay boosts Winter ’06

Despite low demand and mild weather, the price of gas for delivery this coming winter has proved resilient to any major downward corrections - a result of the risk premium built in to the contract...

31 May 2006 00:00 | EGM

Gas

OMV-Verbund merger collapses in the name of hydro power

Austria’s proposed largest-ever merger between oil and gas incumbent, OMV and power major, Verbund has officially collapsed amid mounting political criticism over the country’s hydroelectric power...

31 May 2006 00:00 | EGM

Gas

Poland’s gas incumbent PGNiG unbundles for July 2007

Polish gas incumbent PGNiG will unbundle its gas trading and distribution arms from 1st July, 2007, according to a statement from the company. Boguslaw Marzec, PGNiG c.e.o., told a press conference...

31 May 2006 00:00 | EGM

Gas

Power generation drives well-supplied Spanish gas market

Spanish gas demand continues to be driven by increasing CCGT production, according to data released by national gas transporter Enagás. In April, demand from the power sector increased by more than...

31 May 2006 00:00 | EGM

Gas

Russia and Kazakhstan agree “market-related” gas price

Russian president Putin and Kazakh president Nursultan Nazarbayev have agreed at a meeting in Sochi that Russia should pay Kazakhstan a higher, market-related price for its gas, President Putin’s...

31 May 2006 00:00 | EGM

Gas

TTF: Dutch prompt softens on power and demand; curve up on Rough

The BEB prompt shed its previous weather-related gains as both Continental and UK markets ground to a halt ahead of the public holiday. The prompt was pressured further by plummeting Dutch power...

31 May 2006 00:00 | EGM

Gas

Vattenfall’s gas trading ambitions in Germany

The attempt by the Swedish Vattenfall group to start gas trading and related activities in Germany is a sign of the changing view concerning the development of the German gas market. The core...

31 May 2006 00:00 | EGM

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