BG has sold its 25% share in Interconnector UK Ltd (IUK) to a Canadian financial investor, the Caisse de dépôt et placement du Québec (CDPQ), for £165 million. BG’s exit as a shareholder – it is...

EDF Trading and Qatar’s RasGas have signed a medium term supply deal for 3.4 million tonnes of LNG per year (4.5 billion cubic metres/year of gas) to be delivered to the Fluxys LNG terminal at...

Eon Ruhrgas has taken a 15% stake in the Skanled pipeline project, a joint venture to transport Norwegian gas to Norway, Sweden and Denmark. A total of ten companies from Norway, Sweden, Denmark and...

Eon Ruhrgas’ failure to offer sufficiently tempting assets to Gazprom in exchange for a stake in the Yuzhno-Russkoye field may threaten the German giant’s participation in the development. According...

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 is planned by Texas-based Excelerate Energy, German RWE’s Gas Midstream division and...

There is still no news on when Belgian gas incumbent Distrigas will finally hand-over to TSO Fluxys ownership of transit capacity through Belgium, sources from the incumbent, the regulator and the...

Dutch gas infrastructure and transport company Gasunie said it would conclude a feasibility study at the Den Helder entry point by the end of the year, with a view to connecting the Dutch entry point...

Russia’s Gazprom forecasts record export revenues for 2007, according to Russian online newswire RBC. Export revenues would be even higher than last year’s $37.2 billion (EUR 27.6 billion), according...

Gazprom has signed a memorandum of understanding (MoU) with the independent oil producer Urals Energy regarding cooperation in the gas sector in the Irkutsk area. Under the MoU Gazprom is to buy gas...

Gazprom Export and RosUkrEnergo (RUE), the gas intermediary with sole import rights to Ukraine, are drafting an unusual contract which will see Gazprom buy back the gas it sold to RUE, blocking the...

Russian gas giant Gazprom and Italian oil and gas incumbent Eni signed a Memorandum of Understanding (MoU) this month to begin a feasibility study of the planned South Stream pipeline. According to...

GRTgaz, the French TSO controlled by Gaz de France, has unveiled a far-reaching investment plan that would deliver a significant boost to grid infrastructure (debottlenecking within France and at...

Italy’s regional court Tar Lazio has rejected Edison’s appeal to be reallocated gas lots from Eni’s gas release auction, Edison told Heren Energy. The court had temporarily suspended incumbent...

Italian Hera has set up a new trading company in Italy’s east region of Marche, the company announced on Friday. HeraComm Marche was established following the merger of Aspes Multiservizi (in which...

At Italy’s PSV, prices for once weren’t following the Dutch TTF market. Summer levels finally found some support, as a surge in demand for July saw the contract peak above EUR 16.00/MWh. The interest...

Third-party access will be offered for more than half the capacity of the planned Nabucco pipeline, which may eventually bring Iranian and Caspian gas into Europe. Speaking at a conference in...

Czech RepublicSales - Czech incumbent RWE Transgas has redesigned its method of selling gas to distribution companies. Shippers will buy gas from a virtual sales point via an auction-based allocation...

In the latest Russian Mezhregiongaz (MRG) auction on 20th June, 172.6 million cubic metres (Mm3) of gas traded, marking a session-on-session rise, according to figures published on MRG’s website....

BP’s Russian joint venture TNK-BP has sold Gazprom 62.8% of Rusiya Petroleum, licence holder for the Kovykta gas field, and also 50% of the East-Siberian Gas Company (ESGC) for between $700-900...

Volatile Norwegian flows support prompt; near curve edges higher UK prompt prices started the week firmer as supply fears gripped the market, while near curve prices finished higher week-on-week.The...