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...

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...

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...

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...

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...

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,...

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...

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...

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...

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 –...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...