Ineos ChlorVinyls, one of UK’s biggest gas buyers, said gas suppliers on the Continent had refused to sell gas to the company on the basis of European-style long-term (oil-indexed) contracts if it...

British utility Centrica doubled its emissions expenditure year-on-year in the first half of 2008, the company’s results show. At the same time, Portugal’s main power supplier, EDP, showed a decline...

First-half 2008 operating profit for Centrica, owner of energy retailer British Gas, fell 19% year-on-year to £992 million (EUR 1.260 billion), despite a 16% increase in group revenue to £10 billion,...

Gate terminal, a joint venture between Dutch state gas company Gasunie and terminal specialist Vopak, has signed a EUR 745 million senior financing package for its LNG regasification terminal in the...

Gas Natural may have an expensive year ahead as it seeks to conclude its purchase of fellow Spanish power company Union Fenosa.Italy’s Eni owns 50% of the Union Fenosa Gas joint venture (JV), with...

Eni strikes deal with Distrigas shareholderEni has moved a step closer to finalising its acquisition of Belgian gas supplier Distrigas from Suez Group, it emerged late on Wednesday. The Italian...

French regulator CRE has come up with a new tariff structure for third-party access to the gas transport network between 2009 and 2012, French TSO GRTgaz said this month. The new tariffs are now...

French stock levels increased to 78% in the seven-day period to 27th July , up from 74.9% the week before, according to data released on Thursday by storage operators DGI, GDF Suez’s major...

Gas storage sites in Europe are now 84% full on average, according to data from storage operator association GSE on Thursday. Shippers injected 1.7 billion cubic metres (Gm3) in the week to 28th...

A framework agreement that dominant Spanish supplier Gas Natural and Russian Gazprom announced this month is likely to take the form of swaps, a source at Gazprom said. It is speculated that this...

Italian oil and gas major Eni posted an adjusted net profit of EUR 5.37 billion in the first half of 2008, up almost 10% year-on-year, on the back of better results in its production and exploration...

Rome-based power producer Acea posted a 23.6% year-on-year increase in its first half 2008 revenue to EUR 1.47 billion. EBITDA rose 19.7% to EUR 294 million on the back of new electricity tariffs, an...

More than 600 companies this month applied for capacity in the expanded TAG pipeline, ICIS Heren understands. The TAG pipeline company (89% Eni and 11% OMV) held Europe’s first capacity lottery on...

Vladimir Putin, Russia’s prime minister, has met with Baghdadi Mahmudi, the prime minister of Libya, in Moscow to discuss cooperation in the oil and gas sector. Russia is particularly interested in...

Royal Dutch Shell’s second-quarter profit on a current cost of supply basis edged nearly 5% higher to $7.902 billion (EUR 5.04 billion), on firmer oil and gas prices, the company announced on...

Prospects for improved third party access to Gazprom’s domestic grid for associated gas producers took a leap forward this month, with prime minister Vladimir Putin applying very public pressure to...

Dutch marketAt TTF, Day-ahead continued its recovery on Thursday on the back of the NBP, although the Dutch contract was less bullish session-on-session than its British counterpart. The NBP spot...

Britain might issue Phase II allowances before the link-up between the EU and UN transaction logs are complete, the Department of Food, Agriculture and Rural Affairs (Defra) told ICIS Heren on...

Gross natural gas production in the UK fell 10% year-on-year to 838 TWh in 2007 (see table), marking the seventh consecutive year of decline since UKCS production peaked in 2000, according to the...

LNG tankers can now be both loaded and unloaded at the regasification terminal at Belgian gas hub Zeebrugge, grid operator Fluxys said on Thursday. This means shippers can use LNG kept in short-term...