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News Archive

LNG

BG moots terming out further LNG volumes and unveils floating LNG plans

Despite the launch of the UK market access through the Dragon terminal, LNG producer BG Group is considering committing more of its flexible LNG volumes to contractual markets until 2010, an...

31 Jul 2009 00:00 | GLM

LNG

Cameron LNG begins commercial operations

Sempra Energy’s Cameron LNG facility near Lake Charles began commercial operations this week. The commissioning cargoes for the facility sourced from Trinidad had arrived in June.Commissioning...

31 Jul 2009 00:00 | GLM

LNG

Chevron makes double-push on Gorgon and Wheatstone

US major Chevron has signalled its intent to proceed with both of its prospective LNG projects in Western Australia with an award of the front-end engineering and design (FEED) contract for the first...

31 Jul 2009 00:00 | GLM

Power

E.ON and GDF SUEZ finalise asset swap

E.ON and GDF SUEZ have finalised their planned asset swap, the two companies said Friday. The swap gives German utility E.ON its first assets in Belgium and GDF SUEZ’ subsidiary Electrabel can also...

31 Jul 2009 00:00 | EDEM

Power

For the Record

EnBW to divest €1.5bn of assetsEnBW is planning to sell assets worth up to €1.5bn, a spokesman for the company confirmed to ICIS Heren on Friday. He did not want to confirm a report in German daily...

31 Jul 2009 00:00 | EDEM

LNG

GLM Comment

Two years ago this month, Australia’s Woodside took a final investment decision (FID) on the $11bn Pluto LNG project. A month later, the relatively unknown Flex LNG announced it had signed its first...

31 Jul 2009 00:00 | GLM

LNG

Japanese import volumes rebound from May lows

Japan’s June LNG imports rose 22% on the previous month to 5.16m tonnes, reflecting a slight increase in electricity demand, statistics published by Japan’s ministry of finance showed on Thursday.The...

31 Jul 2009 00:00 | GLM

Emissions

Lithuanian NAP appeal hinges on nuclear closure

The Lithuanian government believes it has a good chance of getting a more lenient phase II emissions trading scheme cap.The country appealed against its national allocation plan (NAP) back in 2007 to...

31 Jul 2009 00:00 | EDCM

LNG

LNG This Week

RasGas Train 6 start-up imminentRasGas’ 7.8 million tonnes per annum Train 6 will send its first cargo imminently while the company’s seventh train is on track for first production this year, an...

31 Jul 2009 00:00 | GLM

LNG

Market Report: Citigroup signals intent with T&T win while cargoes swamp UK

In a quiet week on the NBP, the August contract increased gradually on nervousness over maintenance throughout the week. The contract failed to influence September, which remained flat. Between...

31 Jul 2009 00:00 | GLM

LNG

Mixed fortunes for French independent terminal plans

Dutch LNG terminal developer 4Gas received a setback in its plans to build an LNG terminal on France’s western coast this week, while EDF’s application for Third-Party Access exemption received...

31 Jul 2009 00:00 | GLM

Power

Renewables Roundup: News in Brief

AustriaAustrian utility Verbund and energy company Salzburg AG have commissioned the jointly owned Werfen/Pfarrwerfen hydropower plant in northwestern Austria. In total, the plant on the Salzach...

31 Jul 2009 00:00 | EDEM

Power

Renewables Roundup: The Wadden Sea: A cradle for wind energy in Europe

The Wadden sea region of the southeastern North Sea will be an important area of development for wind energy in the future. This is the conclusion of an analysis on the impact of power production in...

31 Jul 2009 00:00 | EDEM

Power

Renewables Roundup: UK backs onshore wind farms

The UK’s energy ministry, DECC, this week announced a programme for extra financing towards wind farm development. The European Investment Bank (EIB) and three other banks will lend up to £1bn...

31 Jul 2009 00:00 | EDEM

Power

Russian demand down; prices tumble

Russia’s electricity consumption from 24—30 July reached 14.42TWh, marking a 8.8% drop year on year and a 0.9% decrease compared with the previous week, Russia’s wholesale market authority, the...

31 Jul 2009 00:00 | EDEM

LNG

Shell’s Floating LNG unit ­survives streamlining programme

Shell Gas & Power Developments, a subsidiary of the Anglo-Dutch oil and gas major, has signed a 15-year master contract for the development of “multiple” floating LNG production facilities, Shell...

31 Jul 2009 00:00 | GLM

Power

Vestas’ UK business under seige

The Danish-based turbine manufacturer Vestas is still struggling to shut down its blade factory in the Isle of White on Friday, as at least 10 workers continued to occupy the plant in protest. But...

31 Jul 2009 00:00 | EDEM

Power

Weekly Review: Continental Market - Near term moves on generation; curves stable

The German and French spot and prompt contracts moved significantly during the week on the back of German supply worries. Other contracts were little changed between Monday and Thursday amid thin...

31 Jul 2009 00:00 | EDEM

Power

Weekly Review: Outlook

UKPrompt prices were expected to remain subdued into Week 32 on continued wide supply margins. British system operator National Grid forecast an average supply surplus of over 12GW for the period....

31 Jul 2009 00:00 | EDEM

Power

Weekly Review: UK - Prompt softens; forward seasons’ spread rises

Prompt prices took a step lower during Week 31 on the back of very comfortable supply margins for the period. Bearish sentiment was strong enough for prompt power to shrug off a limited upturn in...

31 Jul 2009 00:00 | EDEM

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