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News Archive

Gas

Britain’s Transco to publish winter outlook in late September

UK network operator Transco plans to release its winter outlook outlining supply/demand scenarios late in September, sources at the company said this week. Transco was expected to release its winter...

31 Aug 2005 00:00 | ESGM

Power

CEZ submits formal bid for brown coal stake

Czech dominant electricity producer and distributor CEZ has submitted a formal bid to buy the Czech government’s 56% stake in the state-controlled mining company Severoceske Doly (SCD), CEZ has said....

30 Aug 2005 00:00 | EDEM

Power

Coal and nuclear to be Ukraine’s escape from Russian energy dependency

Ukraine’s energy sector is to renovate and expand its nuclear and coal industries, the country’s Prime Minister Yulia Timoshenko has reportedly said, as Ukraine plans to become part of Europe’s...

30 Aug 2005 00:00 | EDEM

Gas

Czech gas prices to rise by around 17.4% from October

Natural gas prices for Czech households will increase by an average of 17.4 % from 1st October, the Czech energy regulator Energetický Regulacní Úrad (ERU) has said, and more increases may come in...

31 Aug 2005 00:00 | ESGM

Gas

Denmark’s Dong reports 179% increase in Q2 net profit

Denmark’s state-owned oil and gas group Dong has reported a 179% year-on-year increase in Q2 ’05 net profit, to DKK 891 million (EUR 119.5 million). The increase was attributable to higher oil prices...

30 Aug 2005 00:00 | ESGM

Gas

Dutch government submits controversial unbundling bill to parliament

The Dutch government on Tuesday submitted to parliament a draft energy unbundling law that will force the country’s gas and power suppliers to separate, both in legal and commercial terms, their...

31 Aug 2005 00:00 | ESGM

Gas

E.On keeps silent on talk of joining North European Pipeline project

German gas giant E.On has refused to comment on “rumours” that it is to sign an agreement to join BASF and Russian gas major Gazprom in the 27 billion cubic metre (952.8 billion cubic feet) North...

30 Aug 2005 00:00 | ESGM

Gas

EVN sales rise 29.5% in first 9 months of 2004/5

Austrian energy supplier and services company EVN AG has posted sales revenues of EUR 1,205.5 million for the first three quarters of its 2004/05 fiscal year (1st October 2004 to 30th June 2005),...

31 Aug 2005 00:00 | ESGM

Power

Fortum secures seats on four Russian boards

Finnish power company Fortum has secured three seats each on the boards of four new companies spun off from Russian power company OAO Lenenergo in St. Petersburg. The placement of board members is a...

30 Aug 2005 00:00 | EDEM

Gas

Gazprom’s ZGG shows weaker H1 performance despite turnover increase

At EUR 75.7 million, Gazprom’s ZGG GmbH group’s after-tax results showed a downturn from the EUR 79 million figure for the same period last year, despite a 23% increase in turnover. ZGG GmbH is the...

30 Aug 2005 00:00 | ESGM

Power

German RWE and environment minister go head to head in power price war

Germany’s major power company RWE has accused the German government of using the ongoing dispute between the government and power companies over spiralling electricity prices to fuel its bid for...

30 Aug 2005 00:00 | EDEM

Power

Germany’s EEX begins trading French physical futures contracts

Germany’s European Energy Exchange (EEX) launched French physical power futures contracts on Monday, the exchange said in a statement. Initially the exchange will offer Baseload and Peakload Year...

30 Aug 2005 00:00 | EDEM

Power

Germany’s RWE Power considers 1,500 MW Hamm plant expansion

Germany’s RWE Power is mulling plans to construct a 1,500 MW coal-fired power plant on the site of its existing plant at Hamm in North Rhine-Westphalia, a spokesman said on Tuesday. The company, a...

30 Aug 2005 00:00 | EDEM

Gas

Germany’s Wintershall plans to invest up to EUR 1 billion in Russian gas

German oil and gas major Wintershall plans to invest up to EUR 1 billion in two large gas production projects in Siberia via Gazprom, the company told The Heren Report on Wednesday.In light of the...

31 Aug 2005 00:00 | ESGM

Gas

Italian government signs decree on new gas storage allocation

The Italian industry minister Claudio Scajola has signed a decree governing the allocation of licences to develop new storage sites. The decree is aimed at promoting investment in the sector to meet...

31 Aug 2005 00:00 | ESGM

Gas

POGC valued at up to EUR 4.38 billion

The value of shares for the IPO of Polish Oil and Gas Company (PGOC) monopoly has been put between PLN 2.46 and 2.98 (EUR 0.61-0.74), placing the total market value of the company between PLN...

31 Aug 2005 00:00 | ESGM

Gas

Polish POGC IPO to go ahead in first half of September

The Polish treasury has now decided to go ahead with the IPO of the Polish Oil and Gas Company (POGC). Registration for the issue is to take place between 1st and 15th September and the price range...

30 Aug 2005 00:00 | ESGM

Gas

Putin pushes for greater Gazprom access to Italian energy sector

Russian President Vladimir Putin is pushing for Gazprom to boost investment in Italy’s energy sector, it emerged earlier this week. Putin met Italian prime minister Silvio Berlusconi last weekend and...

31 Aug 2005 00:00 | ESGM

Gas

UK’s Rough storage reaches 96.47% full in the week to 29th August

Stocks at the UK’s long duration storage site at Rough rose one and a half percentage points in the week to 29th August to 96.47% full, from 94.95% last week, according to latest data released by...

31 Aug 2005 00:00 | ESGM

Gas

Wham boss calls for tax relief on North Sea exploration companies

UK-based, small-scale oil and gas drilling companies should receive tax breaks to encourage greater North Sea exploration and re-mapping, Tom Windle, c.e.o. of Wham Energy, the UK-based...

30 Aug 2005 00:00 | ESGM

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