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News Archive

Gas

Croatia’s LNG terminal location to be decided by September

The site for Croatia’s LNG terminal is expected to be decided by September, an economy ministry official told ICIS Heren this month. The ministry announced that after a study into eight possible...

31 Jul 2008 00:00 | EGM

Gas

Dutch TTF: Curve buffeted by volatile crude oil futures

Over the last two weeks the TTF curve has been buffeted by volatile oil futures. Crude has lost significant value from a high of around $147/bbl two weeks ago and the TTF far curve duly softened too....

31 Jul 2008 00:00 | EGM

Gas

European regulators call on network operators to publish data

Northwest European energy regulators have called on gas network operators to step up efforts to publish more data on gas flows and availability of gas network capacity.A report published this month...

31 Jul 2008 00:00 | EGM

Gas

French PEG: Heavy maintenance limit Continental losses

PEG Nord prompt and curve contracts took a dive in the past fortnight following significant losses at the NBP and Zeebrugge. The losses in France were nonetheless deemed limited as spot value was...

31 Jul 2008 00:00 | EGM

Gas

German markets: new quotes for the front two seasons and annual contracts

The second half of July marked the debut of ICIS Heren’s new contract quotes for the front two seasons and front two annual contracts at EGT. Although these contracts are generally illiquid, it is...

31 Jul 2008 00:00 | EGM

Gas

Germany’s liberalised gas market is working, says regulator

Germany’s federal regulator, Bundesnetzagentur (BNetzA), this month issued an upbeat assessment of the current state of the country’s gas market. The president of BNetzA, Matthias Kurth, said the...

31 Jul 2008 00:00 | EGM

Gas

Italian PSV: Prompt sheds gains on TTF; Gas Year down

The PSV August price held steady in mid-July as maintenance on import routes continued to provide support. The front month was reported trading at EUR 30.10/MWh on Tuesday, 23rd July, leaving its...

31 Jul 2008 00:00 | EGM

Gas

Market Focus: NBP winter premiums over TTF volatile

Near winter prices at the British NBP gas hub have moved increasingly above the Dutch TTF over the past year, according to data published by ICIS Heren. The trend has accompanied the massive rise in...

31 Jul 2008 00:00 | EGM

Gas

Markets Highlight: Winter ‘08/’09 spreads volatile

Recent losses on oil markets have been accompanied by continued volatility in the spreads between the front two winters at both TTF and NBP, according to prices published by ICIS Heren. At the NBP,...

31 Jul 2008 00:00 | EGM

Gas

NBP: Supply overhang causes spot market to plummet

Near prompt contracts on the NBP posted massive losses as a result of large volumes of gas flowing from Norway into the NTS. Demand was exceptionally low, too, with National Grid forecasting it to be...

31 Jul 2008 00:00 | EGM

Gas

News Briefs

CompaniesResults - BP’s replacement cost profit (RCP) was up 6% in the second quarter to $6.853 billion (EUR 4.366 billion), compared to $6.488 billion in the previous year, on the back of bullish...

31 Jul 2008 00:00 | EGM

Gas

People in the gas industry

Hildegard Müller has been appointed c.e.o. of Germany’s industry and water association BDEW, as of 1st October 2008. Currently, Müller is a member of parliament for the Christian Democrats and...

31 Jul 2008 00:00 | EGM

Gas

Price paid by Belgian TSO for transit firm uncertain until 2015

Uncertainty surrounding the price that can be charged for Belgian gas transit means that grid operator Fluxys still does not know the real value of its recent acquisition of Distrigas & Co, according...

31 Jul 2008 00:00 | EGM

Gas

Regulators launch consultation on market abuse framework

The Committee of European Securities Regulators (CESR) and the European Regulators’ Group for Electricity and Gas (ERGEG) have called on the European Commission (EC) to explore a tailor-made EU...

31 Jul 2008 00:00 | EGM

Gas

Spain’s Gas Natural to buy 45% of Union Fenosa

Gas Natural has signed an agreement with Spanish construction firm ACS to buy its 45.3% stake in Union Fenosa (Spain’s fourth-largest power generator) in a cash deal for a price of EUR 18.33/share,...

31 Jul 2008 00:00 | EGM

Gas

TNK-BP’s Robert Dudley leaves Russia due to “sustained harassment”

Tony Hayward, the c.e.o. of BP, has said the company would “not be intimidated by strong-arm tactics” in the crisis surrounding the struggle to control its Russian joint venture TNK-BP. In a...

31 Jul 2008 00:00 | EGM

Gas

Trading volume down in latest Mezhregiongaz session

A total of 61.4 million cubic metres (Mm3) traded in the latest Mezhregiongaz (MRG) auction on 21st July, according to figures published on MRG’s website this month. Gazprom’s sales accounted for...

31 Jul 2008 00:00 | EGM

Gas

Turkmenistan and Russia agree principles of price formation

Russian Gazprom and the Turkmen president Gurbanguly Berdymukhamedovon have signed an agreement on the principles of price formation for Turkmen gas on the occasion of a visit by Gazprom c.e.o....

31 Jul 2008 00:00 | EGM

Gas

Vanco Energy files for arbitration with Ukraine

The Ukrainian government has cancelled a 30-year licence granted to Vanco Energy, a US oil and gas company with principal holdings in offshore deepwater Africa, for the exploration and extraction of...

31 Jul 2008 00:00 | EGM

Gas

Zeebrugge: NBP bears boost Interconnector flows

The dramatic drop in NBP prompt value towards the end of the month resulted in Zeebrugge Day-ahead falling by around 27.2% to 46.125 p/th between 17th and 30th July. Gas deliveries through the...

31 Jul 2008 00:00 | EGM

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