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News Archive

Power

CER rejects Ireland-Wales interconnector abandonment claims

The Irish Commission for Energy Regulation (CER) has refuted claims made in the Irish Times on Monday that the plans for the proposed Ireland-Wales Interconnector are to be abandoned due to a lack of...

30 Jun 2004 00:00 | EDEM

Power

Day-ahead Baseload falls despite strike threat to Thursday supply

Day-ahead Baseload dropped EUR 1.75/MWh on Wednesday as increased wind power supply availability in Germany boosted supply and demand remained constant. A strike among EdF workers that is scheduled...

30 Jun 2004 00:00 | EDEM

Gas

EGM Comments

The judgement against ExxonMobil in its attempt to trigger a price review of its gas supply agreement with Irish ESB is seen by some as inevitable — the complainant is a gas producer, after all — or...

30 Jun 2004 00:00 | EGM

Power

Electrabel to hold VPP auction in September

Belgian utility Electrabel will hold its fourth virtual power plant (VPP) auction on 3rd September, the company said on Tuesday. It will offer 415 MW of generation capacity, of which 277 MW will be...

30 Jun 2004 00:00 | EDEM

Power

Essent subsidiary DE buys 51% stake in Germany’s Kom Strom

Dutch utility Essent’s German subsidiary Deutsche Essent (DE) has acquired a 51% stake in German power supplier Kom Strom for an undisclosed sum, according to a DE spokeswoman. “We have accumulated a...

30 Jun 2004 00:00 | EDEM

Gas

Esso fails to obtain a price review in ESB sales contract

A recent judgement against Esso Exploration & Production UK raises questions both about the development of price clauses in gas purchase contracts, and about the definition of a price. A judge in...

30 Jun 2004 00:00 | EGM

Gas

Expansion of Ukrainian Novo-Pskov-Uzhgorod transit line draws near

Preparatory work is in progress regarding the expansion of the Bogorodchany-Uzhgorod stretch of the Novo-Pskov-Uzhgorod gas trunkline in Ukraine, Naftogaz Ukrainy tells EGM. Novo- Pskov-Uzhgorod is...

30 Jun 2004 00:00 | EGM

Power

Finnish support for nuclear power growing

Support for the construction of new nuclear power capacity in Finland now stands at around 50% of the population, compared to 40% in 2000 according to an opinion poll commissioned by Finnish...

30 Jun 2004 00:00 | EDEM

Power

French strikes set for 1st and 8th July but CGT rules out daily strikes

French union CGT is organising a national strike for EdF and GdF workers on 1st July and 8th July, according to a CGT spokesman. However there will not be a series of daily production cuts as seen...

30 Jun 2004 00:00 | EDEM

Gas

Higher prices and tariffs lift 2003 results at Gazprom

Gazprom has reported strong financial growth for 2003 - in line with expectations - which it attributes to higher international gas prices, increased domestic tariffs and increased sales volumes,...

30 Jun 2004 00:00 | EGM

Power

Italian electricity tariff raised 1.2% for Q3 on higher oil prices

Italy’s electricity tariffs for residential customers are to be raised by 1.2% in the third quarter of 2004 due to higher oil prices resulting in higher generation costs, the country’s energy...

30 Jun 2004 00:00 | EDEM

Gas

NEWS briefs

MiscellaneousReserves - The world’s proven oil reserves went up by 10% to 1.15 trillion barrels and gas reserves by 13% to 176 trillion cubic metres last year, compared to previously reported...

30 Jun 2004 00:00 | EGM

Power

Norway’s reservoirs up 2.8 points, Swedish up 3.5 points in Week 26

Norwegian reservoir levels increased by 2.8 percentage points in Week 26, according to the latest data supplied by the Nordic power exchange, Nord Pool. Norwegian reservoir levels rose to 58%...

30 Jun 2004 00:00 | EDEM

Power

OFT will not refer SSE’s Atlantic purchase to Competition Commission

The UK Office of Fair Trading (OFT) will not refer Scottish and Southern Energy’s (SSE) acquisition of Atlantic Electric and Gas to the Competition Commission, it said on Wednesday. SSE paid £90.7...

30 Jun 2004 00:00 | EDEM

Gas

People in the gas industry

Thorhild Widvey, a former Norwegian deputy foreign minister, has replaced oil and energy minister Einar Steensnaes. Widvey, by her own admission has no formal experience of the oil sector. She said...

30 Jun 2004 00:00 | EGM

Gas

POGC expects $100 million in net profits for 2004

POGC expects net profit for this year to come to around $100 million according to reports in the Polish press. This compares with a net profit last year of $79.5 million. (PLN 309.1 million)...

30 Jun 2004 00:00 | EGM

Power

Politicians must steer clear of emissions and power markets, says report

Eurelectric, the union of the electricity sector, has appealed to the EU to “let markets work” for both power and emissions - adding that political or regulatory involvement could have detrimental...

30 Jun 2004 00:00 | EDEM

Gas

Russia’s Lukoil buys out Eni’s stake in Azeri Shakh Deniz field

Russia’s oil and gas company Lukoil has bought Italian Eni’s 50% stake in joint venture LUKAgip. LUKAgip owns 10% of the Shah Deniz project, 8% of the associated midstream gas marketing entity, the...

30 Jun 2004 00:00 | EGM

Power

Soaring temperatures and demand result in Spanish power cuts

The south and west of Spain fell victim to power cuts on Tuesday as a heat wave brought soaring temperatures of over 40ºC (104ºF), increasing demand and burdening the already tight system. The...

30 Jun 2004 00:00 | EDEM

Power

UK must push harder on US/Russia Kyoto ratification, say Lords

The UK government must continue to apply pressure on both the US and Russia to ratify the Kyoto Protocol, the House of Lords urged in a report published on Wednesday. With the environmental treaty...

30 Jun 2004 00:00 | EDEM

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