Selling pressure in August Baseload appears to have fallen away considerably compared with a week ago as more players start to look ahead to September. August ’04 Baseload closed at EUR...

The recent move of German gas transmission and storage group BEB towards an entry-exit third party access (TPA) model is forcing German government officials to revisit their position on the issue of...

Global energy majors BP and Shell are expected to report bumper second quarter profits next week, with oil and gas prices remaining high, without showing any signs of dropping.BP said earlier this...

Despite being quoted at EUR 7.70 per tonne of carbon dioxide equivalent (tCO2e) at the end of last week, strong buying interest at the start of the week saw 2005 emission allowances first trade on...

British energy major Centrica is increasing its stake in the Barrow Offshore Wind (BOW) joint venture project, it said on Friday. It entered the 90 MW offshore windfarm project with the Danish state...

Dutch power prices dropped this week, with the biggest drops seen in August Baseload, which shed EUR 2.25/ MWh from last week’s levels. September closed EUR 1.625/MWh down at EUR 36.125/MWh. Further...

The French parliament on Thursday fully adopted a draft bill to change the legal status of French energy incumbents EdF and GdF and transform the two state-owned establishments into joint-stock...

Operator Kernkraftwerk Neckarwestheim (GKN) said on Friday that the 1,365 (MW) south German plant will be off-line from the 24th July due to annual maintenance requirements which are expected to last...

The Italian regulator has ordered Gnl Italia, the ENI subsidiary which operates the country’s only LNG terminal at Panigaglia, to give access to Spain’s Gas Natural and may fine the company for its...

Spanish power prices firmed this week, as the daily Pool Price strengthened from around the EUR 31.00/MWh level to EUR 35.00/MWh and eventually to the EUR 38.00/MWh level, as July temperatures...

ENI’s program to release 23 billion cubic metres of gas at the Italian/ Austrian border over the next fours years is unlikely to materially improve competitors’ chances against ENI or result in...

Italy has set up a national association to promote Italian energy companies in the 10 new EU member states. The new association, called ItalEnergy, is the brainchild of Italian foreign minister...

Following an audit in March, authorities in Kazakhstan are claiming that UK-based gas group BG is liable for $5.4 million (EUR 4.43 million) in unpaid taxes.BG Karachaganak, the gas marketing arm of...

Transco has recommened that modifcation 0683 be implemented, allowing reads obtained via remote reading equipment to be considered valid. The proposer, BP Gas Marketing, identifies that the use of,...

Transco believes that given the likelihood of implementation of Modification Proposal 0683, it is also timely to revisit the provisions of M3.7 and ensure these more accurately reflect the...

Norwegian oil and gas major Statoil has started selling locally–sourced LNG in Turkey through its newly established joint venture Koc Statoil Gaz.Koc Statoil Gaz, a 50:50 joint venture between...

Austrian oil and gas major, OMV, has signed a deal to acquire a 51% stake in Romania’s largest company, SNP Petrom, through a combination of a direct purchase of 33.34% and a simultaneous capital...

The Swedish competition authority has slated what it called ‘disappointing’ power price reductions for small and large-scale consumers, according to media reports. In a report on electricity market...

The UK Department of the Environment, Food and Rural Affairs (Defra) is to hold talks with the European Commission regarding the implementation of the Large Combustion Plants Directive (LCPD), it...

Transco has published its views on the possible cost implications of amending the network code to allow Total to bring gas of a higher Wobbe index through its St. Fergus sub-terminal. It has used an...