The project company for the Tauern Gas Leitung (Tauern Gas Pipeline, TGL) has applied to the Austrian energy control commission to get regulatory exemption for the link. The Tauerngasleitung company...

The Belgian prompt has been bearish over the past two weeks as warmer temperatures weighed on continental demand. Subsequently, the spread between Zeebrugge short-term contracts and the NBP shrunk...

Despite key fields returning from maintenance over the past fortnight, the UK prompt and near curve markets have been extremely calm and steady.Day-ahead remained in a remarkably stable 1.50p/th...

The European Commission has moved to take action against virtually all its member states over their failure to fully comply with existing energy market legislation. The censure came on the same day...

German European Energy Exchange (EEX) will introduce new products for gas trading, the Leipzig-based company announced on 15 June. The EEX Exchange Council has paved the way for a new Intra-day...

The latest decree from the Italian government is the last in a very long line of rules and regulations that simply serve to underline the difficulty for anyone, apart from the very biggest utilities,...

France’s PEG Nord Day-ahead price fell to €10.10/MWh on 26 June, its lowest assessment since 1 May 2007. Traders pointed to bearish weather-related fundamentals as the main price driver, with only...

Gazprom’s latest plans for the period to 2012 envisage a one-year delay in the development of the huge Bovanenkoye field, Alexandr Ananenkov, deputy head of Gazprom’s managing board told a recent...

Germany’s EGT and BEB hubs generally moved in line with the TTF. In the course of the period covered, prices firmed, only to decrease at the end of the month. The two German hubs finished bearish...

While the barrage of noise about the Nabucco and South Stream pipelines continues, the other major pipeline import project to western Europe could now be very close at hand. The Nord Stream pipeline...

The island of Ireland, which is reliant on Britain for more than 90% of its gas supply, has two projects vying for the position of first on-shore storage facility. Due to the geological make-up of...

The Italian market did not fulfill expectations and remained illiquid. It has been also extremely bearish, with the few reported deals closing at a discount to the Austrian market. July ‘09 traded in...

The value of Q3 ’09 gas at the NBP has been startlingly stable over the past month. Prices have fallen dramatically following last year’s peak, but the potentially biblical flood of LNG this summer...

Despite a combination of long continental gas systems and weak demand, TTF prompt products stayed firm compared to the first half of the month, trading in the region of €11/MWh, for most of the past...

The Italian government has approved a new “anti-crisis” decree for 2010, with a whole page dedicated to a further 5 billion cubic metres (Gm3) that Eni will have to offer on the PSV for a new Gas...

UKAcquisition – Venture Production, an independent UK oil and gas producer, is to sell a package of minority stakes in some of its gas assets in the North Sea to Dutch Nuon for £96.5m (€114m) in...

The Norwegian government approved StatoilHydro’s development plan for the Troll oil and gas fields, it announced on 19 June. In terms of natural gas production, the major modification will involve...

Azerbaijan will supply Russia with 500 million cubic metres (500Mm³) of gas per year, according to an agreement Russian President Dmitry Medvedev signed with Azerbaijan at a meeting in Baku. Russia...

RWE is still determined to build a major gas pipeline connecting the Czech Republic and Belgium but the project faces a delay from its original 2011–2012 start date, the utility told ICIS Heren on 16...

Spain held its first auction for gas to supply the country’s tariff of last resort (TUR) on Monday 16 June. The auction was carried out by OMEL, the Iberian energy-market operator in charge of the...