BP produced 23% less gas in Europe quarter on quarter in Q2 ‘09 and 13% less than in the same period last year, according to results released on Tuesday.The company produced 18.3 million cubic metres...

Dutch front-month Baseload power prices have consistently closed below its German counterpart for the past two weeks, despite German power being traditionally cheaper. Market participants have said...

Spanish transmission system operator Enagás reported a €139.5m net profit during the first half of 2009, which represents a 7.4% ­increase compared with the same period last year, the company said on...

The European Commission is unlikely to produce concrete proposals for new network transparency guidelines during the Swedish presidency, a source at power generator lobby group Eurelectric told ICIS...

The European Commission is unlikely to produce concrete proposals for new network transparency guidelines during the Swedish presidency, a source at power generator lobby group Eurelectric told ICIS...

Energy broker Spectron put through five monthly Baseload trades on Tuesday that will settle on the London Energy Brokers Association’s (LEBA) new month-ahead UK power index. Spectron brokered the...

Mannheim coal plant gets go-ahead The Regional Administrative Authority in Karlsruhe has given the green light to build a 911MW hard coal-fired plant in Mannheim (Block 9), plant operator...

Russia revises gas pricesThe Russian government has amended the law passed this year setting the cap for the maximum price that could be charged on the “unregulated” market. In the third quarter of...

French water reservoirs in Week 31 remained unchanged for the second consecutive week at 82% fullness, according to data from French grid operator RTE. Levels in Week 31 this year were four...

The Spanish and French grid operators, REE and RTE respectively, have officially handed control of the France-Spain interconnection project to Inelfe, the companies said in a joint statement on...

Irish companies that are participating in the EU emissions trading scheme could emit around 20m tonnes of CO2 equivalent (tCO2e) more than their cap at the end of phase III, according to forecasts...

One of the new financial products in the carbon market has folded after less than a year.US company Xshares Advisors is set to dissolve its exchange-traded fund (ETF), ASO, on 31 July, according to...

Spain’s Gas Natural said on Wednesday that the Algeria-Spain Medgaz pipeline will not begin pumping gas until mid 2010 rather than at the start of the year. The comments came as the company announced...

Ukraine is currently negotiating with the European Commission, European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB) and Russia’s Gazprom to raise funds for the...

National Grid Distribution has proposed that a review group be set up to assess what industry arrangements need to be made to accommodate reduced demand at daily metered supply points.The proposal...

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...

Available Spanish hydro levels continued to fall in Week 30, dropping 1.7 percentage points to 58.5% full (10.465TWh), from 60.2% full (10.775TWh) in the previous week, according to data from the...

ArcelorMittal, the world’s largest steelmaker, is planning to restart some of its idle production facilities, it said in a half-year results presentation on Monday.ArcelorMittal posted a quarterly...

RWE’s gas transmission system operator (TSO) RWE Transportnetz Gas will operate under the name “Thyssengas”. The change comes into force with immediate effect, Thyssengas announced on Tuesday. The...

Brokers are warning that value-added tax (VAT) fraud remains a threat in the carbon markets. Fake trading houses are continuing to contact clients offering “cheap” EU allowances, in order to swindle...