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News Archive

LNG

Competing Indonesian LNG import proposals could bring more gas to Java

Two projects to import LNG to Java have been in the headlines in recent weeks, although the question of whether the state is ready to pay world prices for the product remains unanswered. Petrogas...

29 Jun 2007 00:00 | GLM

Gas

Dutch TTF: EUR 10.00/MWh psychological threshold for Day-ahead

At the TTF, the prompt trend was mostly bearish in spite of a heavy maintenance schedule in the North Sea, taking direction from British prices. EUR 10.00/MWh emerged as a threshold for the Dutch...

29 Jun 2007 00:00 | EGM

LNG

EDF Trading and RasGas confirm new Zeebrugge supply deal

EDF Trading and Qatar’s RasGas confirmed on Tuesday their mid-term LNG supply agreement for interruptible deliveries of up to 3.4 million tonnes of LNG per year. As first reported in HLM last Friday,...

29 Jun 2007 00:00 | GLM

LNG

Energy Focus: Arctic LNG - slowly becoming reality

Arctic LNG is about to become a reality. Statoil’s Snøhvit project in the Barents Sea is the world’s first liquefaction plant north of the Arctic Circle. And should Sakhalin II run according to plan,...

29 Jun 2007 00:00 | GLM

LNG

Excelerate and RWE launch LNG import project at Wilhelmshaven

A new project to import up to 600,000 m3 per hour of regasified LNG into the German gas network by the end of 2010 was announced this week by Texas-based Excelerate Energy, German RWE’s Gas Midstream...

29 Jun 2007 00:00 | GLM

LNG

Final investment decision due on Gate terminal in months, says Vopak

Vopak and Gasunie, together developing the proposed Gate LNG terminal in the port of Rotterdam, expect to take a final investment decision on the terminal within the next couple of months. The pair...

29 Jun 2007 00:00 | GLM

Gas

French PEG: Maintenance distorts pricing patterns

Trading in France was heavily subdued by ongoing maintenance carried out between PEG Est and PEG Sud, as well as between Germany and PEG Nord at Obergailbach. Participants believed planned outages...

29 Jun 2007 00:00 | EGM

LNG

French unions promised consultation over GDF/Suez merger

Leading French union CGT told Heren Energy the French government had promised the country’s unions a consultation phase on energy policy, including the controversial GDF/Suez merger dossier.Reports...

29 Jun 2007 00:00 | GLM

Gas

German markets: prompt stagnant on TTF; curve activity focused on EGT

German prompt liquidity and price movements have been relatively restricted over the past two weeks. AT EGT Nord, Day-ahead softened from EUR 10.95/MWh on Wednesday, 13th June to close at EUR...

29 Jun 2007 00:00 | EGM

Emissions

Italian NAP II cuts should apply to coal plant – ministry

Italy’s environmental ministry proposes reallocating the necessary allocation cuts from the country’s National Allocation Plan (NAP) II to the coal-fired generation sector, a spokesman from the...

29 Jun 2007 00:00 | EDCM

Gas

Italian PSV: Summer price recovers on Libyan maintenance

There was finally some support for the summer prices at the end of June as July peaked above EUR 16.00/MWh on the PSV. The market was not following the Dutch TTF price for once. Instead there was a...

29 Jun 2007 00:00 | EGM

LNG

Market Report: Floating storage question hangs over bearish global spot picture

As new Qatari LNG arrived into a bearish European market this week, US futures prices fell sharply as the hurricane risk premium eroded and spot demand remained subdued. There was consensus among...

29 Jun 2007 00:00 | GLM

Gas

NBP: Langeled uncertainty continues to direct prompt prices

The NBP prompt market was led by uncertainty surrounding Norwegian imports through the Langeled pipe and maintenance outages that left traders nervous about supply security. Intra-day supply...

29 Jun 2007 00:00 | EGM

LNG

News Briefs

Japan confident in Namibia’s gas prospects Japan’s determination to secure more LNG supplies was demonstrated this week by an agreement signed by state Japan Oil Gas and Metals National Corp (JOGMEC)...

29 Jun 2007 00:00 | GLM

LNG

Oman and Iran sign gas export agreement – could result in more Oman-made LNG

The idea of Iran piping gas to Oman, potentially for liquefaction at one of Oman’s three liquefaction trains, surfaced again this week after the two countries signed a contract on Monday to export...

29 Jun 2007 00:00 | GLM

LNG

Quebec’s cabinet approves Gros Cacouna and supports other import plans

The Gros Cacouna terminal on the east coast of Canada, led by a joint venture between PetroCanada and TransCanada, won important political support this week in Canada. The $1 billion terminal,...

29 Jun 2007 00:00 | GLM

LNG

Shippers to move gas between Zeebrugge hub and LNG terminal before summer ’08

Belgian TSO Fluxys said this month that shippers at the Zeebrugge hub will be able to move gas freely between different hub entry points before summer 2008 with no volume restrictions – including the...

29 Jun 2007 00:00 | GLM

Emissions

Statoil drops CO2 enhanced oil recovery project

Norway’s Statoil and Anglo-Dutch Shell have abandoned plans to use carbon dioxide emitted from a gas-fired power plant to enhance oil recovery, claiming the scheme is “technically feasible, but not...

29 Jun 2007 00:00 | EDCM

LNG

The road to LNG imports looking rocky in Cyprus

Worker’s unions representing the electricity sector on the east Mediterranean island of Cyprus were preparing to strike this week in protest at the government’s plans to install an offshore LNG...

29 Jun 2007 00:00 | GLM

Gas

Zeebrugge: Interconnector sees frequent switching but low flows

The Interconnector between Zeebrugge and Bacton switched back and forth from UK exports to UK imports during the second fortnight of June. Between 19th and 22nd June, the pipeline changed flow...

29 Jun 2007 00:00 | EGM

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