British Gas is to raise gas and power prices for the second time in 2006, and the third time in less than 12 months, as a result of rising wholesale prices.Gas prices will increase by 12.4% and...

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

The Carbon Trust, the UK-based carbon advice body, has created its first spinoff, Carbon Trust Enterprise. The first commercial business project, Connective Energy, is a three-way venture with Mitsui...

US oil and gas major ConocoPhillips announced a 65.3% increase in second quarter net income to US$ 5.19 billion (EUR 4.11 billion), despite unplanned up- and downstream maintenance, which knocked...

UK energy company E.ON UK announced the set-up of a £10 million (EUR 14.6 million) low-carbon research fund on Thursday, in partnership with the Engineering and Physical Sciences Research Council...

Environmentalist group WWF is increasing pressure on governments and the European Commission (EC), denouncing weak second phase National Allocation Plans (NAP II) for the UK, Germany and Poland in a...

A deputy of France’s ruling, conservative, UMP party has proposed a new merger strategy. Jean-Claude Lenoir has suggested a new draft law that would limit the merger only to the competitive sections...

French stocks rose by 5.5 TWh in the week to 23rd July to 72.3% fullness, according to the latest data released by GDF’s Direction des Grandes Infrastructures and Total’s transport arm TIGF. Last...

Spanish gas incumbent Gas Natural posted Q2 ’06 net profits of EUR 455.8 million on Wednesday, up 23.9% year-on-year. The growth was driven by new power generation in Spain, high international gas...

Novatek, Russia’s largest independent gas producer, said on Wednesday that it hoped to complete a deal to sell a 20% stake to Gazprom by the end of August. The Russian gas monopoly will receive two...

The oral hearing at the upper Düsseldorf court over the publication of data submitted by network operators to Germany’s federal regulator, Bundesnetzagentur, will take place on 25th August, the...

Ireland faces a 7.174 million tonnes of CO2e/year shortfall in meeting its 2008-2012 Kyoto target, according to a new government paper. The Irish government has published a consultation paper on its...

There was active trade on Gas Year ’06 again this week in Italy as some companies are covering their customer demand and there are plenty of offers for the full year. Most trades were heard going...

Italian utility ASM Brescia has welcomed a proposition by the head of AEM Milano to initiate immediate talks for a merger between the two companies and peer utility Enia, as a first step to creating...

Net profits at Italy’s gas network operator Snam fell by 14.6% to EUR 240 million in the first half of 2006, the company announced on Wednesday. It said the fall was due to regulatory changes...

Norwegian reservoir levels remained static in Week 29, according to the latest data from the Nordic power exchange, Nord Pool. Reservoir levels remain at their highest point since Week 5 2006, at...

UK electricity and gas regulator Ofgem issued its annual report 2005/2006 on Wednesday, in which it championed its role as ‘facilitator’ and stressed the need for further work on European market...

Speaking to shareholders at Wednesday’s Annual General Meeting, ScottishPower chairman Charles Miller Smith said the new financial year had begun well and that trading from all Group operations was...

Swiss hydropower reservoirs climbed by 3.5 percentage points to 68.6 % fullness in Week 30 (18 th-24th July), according to data from the country’s federal energy office, BFE. Levels in Week 30 were...

Ukraine is currently one billion cubic metre (Gm3) behind its storage injection target, which could be crucial for European gas supplies this winter. As of Monday Ukraine had pumped 8.8 Gm3 of gas...