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News Archive

Gas

All lots sold in Swiss Transitgas capacity auctions

All lots were sold during this week’s auctions on Wednesday and Thursday for Transitgas pipeline capacity through Switzerland, shipping sources told Heren Energy on Friday. The price went way above...

30 May 2008 00:00 | ESGM

Gas

Conoco’s Ekofisk field prepares for shutdown next week

ConocoPhillips’ Ekofisk field will be shut down for eleven days from 2nd June, the group told Heren Energy on Friday. The field will close completely for around 16 hours before operating at a reduced...

30 May 2008 00:00 | ESGM

LNG

Energy Focus: Brazilian ambitions go deeper than floating regas

Brazil’s upcoming foray into an increasingly crowded summer LNG market seems unusual given state energy company Petrobras’ extraordinary aptitude for finding hydrocarbon reserves of its own....

30 May 2008 00:00 | GLM

LNG

Eon Ruhrgas to decide on Wilhemshaven this year; focus on LNG to grow

A final investment decision to build a new import terminal at Wilhelmshaven in Germany is due soon, the project leader said this week. Eberhard Lange, m.d. of the Deutsche Flüssigerdgas Terminal...

30 May 2008 00:00 | GLM

Emissions

EUR 40/tCO2e needed to make CCS economical – DB

European Union Allowances (EUAs) need to trade at EUR 40/tCO2e in 2008 to make carbon capture and storage commercially viable in the next phase of carbon trading and to ensure new gas-fired...

30 May 2008 00:00 | EDCM

Gas

For the Record

Gazprom Germania’s Q1 profit up Gazprom Germania on Friday announced a rise in sales and net profit for the first quarter of 2008. The company generated a consolidated turnover of EUR 3,009 million,...

30 May 2008 00:00 | ESGM

Gas

French grid operator GRTgaz changes allocation rules for long-term capacity

French grid operator GRTgaz is changing the way it allocates annual transport capacity as of 1st June, ahead of the planned merger between three of the country’s five balancing zones next year. The...

30 May 2008 00:00 | ESGM

LNG

GDF and Höegh Italian floating import terminal play as Suez picks Eni

French incumbent GDF announced the launch of the 5 billion cubic metre ‘Triton’ floating LNG regasification project off Italy’s Adriatic coast on Thursday, in a move which coincided with Italian...

30 May 2008 00:00 | GLM

Gas

GDF distribution subsidiary buys 1 TWh from four shippers, including incumbent

GRDF, the recently created distribution subsidiary of gas incumbent Gaz de France (GDF), has bought 1 TWh of gas from Altergaz, Eni, Iberdrola and GDF to offset grid losses during the second half of...

30 May 2008 00:00 | ESGM

Gas

Hungarian Mol in share-swap talks with Croatia’s Ina

Hungarian utility Mol is currently in discussions with the Croatian government about a possible share swap with the majority state-run oil and gas company Ina. Mol already has a 25% plus one share...

30 May 2008 00:00 | ESGM

LNG

Market Report: More of the same as most flexible cargoes head east

Prices for diverted cargoes into Asia continued to track about $3 above the NBP this week, extending the recent trend for pricing off the British hub. The Henry Hub price dipped a little towards the...

30 May 2008 00:00 | GLM

LNG

News in brief

CNOOC confirms Qatargas dealChina National Offshore Oil Corp has confirmed its contract with Qatargas for 2 million tonnes per annum of LNG for 25 years (see HLM 11th April). Fu Chengyu, CNOOC Group...

30 May 2008 00:00 | GLM

LNG

Origin rejects BG offer citing “higher benchmark” for CSG set by Petronas

The board of Australian utility and coal seam gas (CSG) producer Origin Energy on Friday rejected an increased A$15.50 (US$14.87)/share takeover approach from BG Group. In a statement, Origin’s board...

30 May 2008 00:00 | GLM

Gas

Powernext gas products to be cleared by European Commodity Clearing AG

Powernext said on Friday that all its existing and future gas contracts will be cleared by European Commodity Clearing AG (ECC) from April 2009 if not sooner, thus replacing the French bourse’s...

30 May 2008 00:00 | ESGM

Power

Renewables Roundup

The “grand coalition” in Germany has reached an agreement on the future support for power from solar facilities after heavy negotiating between the Social Democrats (SPD) and the Christian Democrats...

30 May 2008 00:00 | EDEM

Power

Renewables Roundup

BelgiumThe supermarket chain Carrefour has become a new renewable energy supplier in Belgium, the first time a European retailer sells power to end users. The project, Carrefour Energie EcoPlanet,...

30 May 2008 00:00 | EDEM

LNG

Santos/Petronas deal reshapes Australian CSG LNG development race

Australian oil and gas producer Santos agreed on Thursday to sell 40% of its three million tonne per annum (mtpa) Gladstone coal seam gas (CSG) liquefaction project to Malaysian state energy company...

30 May 2008 00:00 | GLM

LNG

Shtokman plans begin to crystallise as August targeted for construction start

The mayor of Murmansk, Yuriy Yevdokimov, said this week that construction of the Shtokman liquefaction plant at Teriberka in Murmansk oblast, would begin in August this year. Gazprom confirmed to...

30 May 2008 00:00 | GLM

Emissions

UK CCS shortlist delayed

Companies will have to wait a little longer to find out if they have been shortlisted to provide carbon capture and storage (CCS) technology to a pilot plant to be funded by the British government....

30 May 2008 00:00 | EDCM

LNG

Zeebrugge capacity and Angola volumes could change hands in Suez-Eni deal

The long drawn-out merger of French gas incumbent GDF and Franco-Belgian energy firm Suez, which will create a major vertically-integrated LNG company, made significant headway this week as the firms...

30 May 2008 00:00 | GLM

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