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News Archive

LNG

Altco demise denied as Petronas offers prompt cargoes

Petronas was recently offering LNG from Egypt for August delivery, say buyers in the Mediterranean. “They were waiting for offers,” said one.Malaysia’s state-owned oil and gas group had cargoes for...

28 Jul 2005 00:00 | GLM

Power

Czech CEZ now third in central Europe’s capitalization; may triple H1 profits

Czech electricity utility CEZ is now the largest company of the 10 new EU member states in terms of market capitalization, the company said this week. The company could also triple its first-half...

29 Jul 2005 00:00 | EDEM

Gas

EDF Energy raises retail tariffs for UK domestic gas and power customers

UK-based EDF Energy is to raise its gas and electricity retail prices from next week. Domestic customers of London Energy, Seeboard Energy and SWEB Energy will see their gas tariffs increase by 12%...

29 Jul 2005 00:00 | EDEM ESGM

Power

EDF Energy raises retail tariffs for UK domestic gas and power customers

UK-based EDF Energy is to raise its gas and electricity retail prices from next week. Domestic customers of London Energy, Seeboard Energy and SWEB Energy will see their gas tariffs increase by 12%...

29 Jul 2005 00:00 | EDEM ESGM

Gas

Eni Q2 net profit up 39% to EUR 1.9 billion

Italian energy major Eni on Friday reported a 39% increase in its second-quarter net profits to EUR 1.9 billion, up from EUR 1.4 billion in the year-ago quarter. Operating profits marked a 41% rise...

29 Jul 2005 00:00 | ESGM

LNG

Ferc approves first part of BG’s Lake Charles expansion

A major part of the first stage of the expansion of the Lake Charles terminal, where BG LNG owns all capacity for 22 years, was given the go ahead to start operating by the US Federal Energy...

28 Jul 2005 00:00 | GLM

Power

Finland’s Fortum offers share buy-out to Russia’s OAO Lenenergo

Finnish utility company Fortum has made an offer to buy out shareholders in Russian electricity firm OAO Lenenergo after its stake in the company rose to 32.8% as a result of Lenenergo’s decision to...

29 Jul 2005 00:00 | EDEM

LNG

Focus on Venezuela

Venezuela is likely to become Latin America’s third LNG producer early in the next decade if the state oil firm PDVSA, Shell and ChevronTexaco continue to make progress on a plant fed by extensions...

28 Jul 2005 00:00 | GLM

LNG

HLM comments

Trading LNG has not yet become an autonomous business. That seems to be the lesson of Petronas’ decision to curb the activities of its Altco trading subsidiary.Altco (Asean LNG Trading) was a bold...

28 Jul 2005 00:00 | GLM

LNG

Idku cargo bound for Lake Charles

The second commercial cargo from BG’s new liquefaction plant at Idku on Egypt’s Nile delta sailed on 19th July, five days after the first, according to Gaz de France and BG.The Hilli was due to dock...

28 Jul 2005 00:00 | GLM

Gas

Italy’s Edison sees first half profits rise 28% on higher gas sales

Net profits at Italian energy company Edison rose by 28% to EUR 195 million (£134 million) for the first half of 2005 compared to the same period in 2004, according to preliminary results released on...

29 Jul 2005 00:00 | ESGM

Power

Italy’s Edison sees first half profits rise 28% on higher gas sales

Net profits at Italian energy company Edison rose by 28% to EUR 195 million (£134 million) for the first half of 2005 compared to the same period in 2004, according to preliminary results released on...

29 Jul 2005 00:00 | EDEM

LNG

NEWS in brief

Darwin HQ for Bayu UndanConocoPhillips, the operator of the Bayu Undan offshore liquids and LNG project, has chosen Darwin in Australia instead of Dili in East Timor as the headquarters for the...

28 Jul 2005 00:00 | GLM

Gas

North Sea maintenance season kicks into high gear in August

Field maintenance season is kicking into high gear across the North Sea, with several key supply sources for UK and continental Europe shutting for planned works in August.The Britannia gas field is...

29 Jul 2005 00:00 | ESGM

Power

Spain’s Union Fenosa reports first half profit increase of 16.3%

Spain’s third largest electricity company Union Fenosa reported a 16.3% increase in first-half net earnings, surpassing larger rivals in the Spanish power sector. The company’s net gains for the six...

28 Jul 2005 00:00 | EDEM

LNG

Tight supply takes toll on LNG profits in BG’s Q2 results

BG’s operating profit from LNG shipping and marketing fell to £1 million ($1.7m) in the second quarter, from £5 million ($8.7m) last time around, because of tight supply conditions, the UK-based...

28 Jul 2005 00:00 | GLM

Power

UK Heren Index for August ’05 hits all time high of £37.85/MWh

The August 2005 UK power Heren index stands at £37.85/MWh. It is the highest level ever for any monthly Heren UK power index. The previous high was £36.60/MWh for February 1999. It is also almost...

29 Jul 2005 00:00 | EDEM

LNG

UK High Court refuses appeal against two terminals

Green campaigners were this week refused leave to appeal against planning consents for the two LNG terminals currently being built at Milford Haven in South Wales.The High Court in London upheld...

28 Jul 2005 00:00 | GLM

Gas

UK-Belgium Interconnector to flip back to UK exports from Saturday

The UK to Belgium Interconnector is to switch flow direction to UK exports, starting on Saturday morning, operator IUK announced on Friday. The switch follows an announcement made on Thursday that...

29 Jul 2005 00:00 | ESGM

Gas

Ukraine probes RosUkrEnergo over organised crime links – media reports

Ukrainian security services are investigating the possible involvement of organised crime in the sale of natural gas from Turkmenistan to Kiev, newspapers reported this week. London’s Financial...

29 Jul 2005 00:00 | ESGM

LNG

Union Fenosa pays ‘close to $8’ for spot Algerian cargo

The Spanish utility Union Fenosa has paid almost $8.00/MMbtu for a cargo of Algerian LNG, Spanish LNG buyers said this week. The cargo was bought from a third party, possibly Gaz de France, with the...

28 Jul 2005 00:00 | GLM

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