The development of Austria’s Central European Gas Hub (CEGH) — also referred to as the Baumgarten hub — is facilitating trade in Austria though it remains restricted by the lack of spot sellers. The...

Turkish gas incumbent Botas has told participants in the Shah Deniz project that it will not be able to receive gas from the field by the end of September as previously stated. It is understood that...

The European Commission (EC) could send at least 14 countries back to the drawing board over their respective second phase National Allocation Plans (NAP II), investment bank Deutsche Bank said in...

Bulgarian economy and energy minister Rumen Ovcharov has told local media that he was unhappy with how negotiations were proceeding with Russian giant Gazprom. In comments reported by Russian and...

Development of Shell’s Corrib gas field has reached another stumbling block and could be further delayed, after an independent mediator found that “no agreement is likely in the foreseeable future”...

Liquidity at Belgium’s Zeebrugge gas hub is threatened by incumbent Distrigas’ stranglehold on access capacity into the hub, according to a report published by Belgian energy watchdog, CREG. Other...

US-based LNG importer company Excelerate Energy’s plans to deliver new gas infrastructure to the UK by 31st December 2006 are on target, provided all planning applications are granted by...

When Austria’s gas market was liberalised in October 2002, the prospects seemed positive. Austrian gas consumers were promised 100% market opening, regulated transport tariffs and grid access and...

Four companies, including Gaz de France (GDF), have been using GDF’s two French LNG terminals this year, Jacques Rottenberg, head of marketing for the group’s infrastructure division told EGM....

Russian Gazprom is to acquire a participation with veto rights in Yamal LNG, a company holding the production licence for the South Tambey field in the Yamal-Nenetsk peninsula, with reserves of 1.2...

Greek power incumbent PPC will increase its power tariffs from 1st August 2006, after the Greek development ministry gave permission on Friday.Industrial customers face a 4.5% increase in rates, with...

Spanish power major Iberdrola emitted 13.6 mt of CO2 in 2005, at a rate of 241 g/kWh of power produced, according to figures sent to market watchdog CNMV. This was a year-on-year decrease of 18.4% in...

NBP: Gas balancing issues continued to dominate the direction of the NBP prompt market. With the maintenance season in full swing National Grid had difficulties in transporting gas from north to...

CompaniesResults — Global energy major BP posted a 30% increase in second quarter profits to US$ 7.27 billion (EUR 5.75 billion), with revenue up 24% to US$ 73.46 billion. Replacement cost profit,...

The nationalist-conservative government in Poland is working a bill to allow for the nationalization of private companies when it is thought that national security would be threatened, reported the...

Spanish energy regulator CNE has approved German utility E.ONs’s takeover bid for Spain’s largest power supplier Endesa, but with strict conditions. CNE said that E.ON could buy Endesa if it divested...

Italian shippers and wholesalers and have to discuss their opposition to the latest tariff formula imposed by the energy regulator (AEEG): Delibera 134/06. The new formula is the third to be set out...

A bullish mood characterised TTF prompt contracts in the second half of July. The Dutch market took direction from price rises at neighbouring hubs and to some extent from the record-high power...

The August 2006 UK power Heren monthly index stands at £40.64/MWh, up 15% from July’s £35.45/MWh. The index, for Baseload power, is 7% higher than the August ’05 index (£37.85/MWh). It is the...

A resolution to the intractable Turkmen—Russian—Ukrainian gas supply issue seems more elusive than ever, a month on from Turkmenistan’s threat to halt gas supplies (see EGM 13.06.2). It is now...