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News Archive

Gas

All lots sold in Danish gas release auction; Danish price higher than predicted

All ten lots were sold on Wednesday in Dong Energy’s Danish gas release auction, the company announced on Thursday. The auction offered a “two-way swap” for Danish gas versus sales to Dong either at...

31 Aug 2006 00:00 | ESGM

Gas

Belgium’s Distrigas lifts profits on back international growth

Belgian gas major Distrigas posted 1H 2006 net profits of EUR 184.2 million on Thursday, up 60% year-on-year. High gas prices boosted the results, but the rise was accentuated by the application of a...

31 Aug 2006 00:00 | ESGM

Gas

Correction to ESGM 12.167 – Excelerate story

The story on page six of Wednesday’s ESGM “Excelerate wins consents to import winter LNG to UK” mistakenly refers to the UK instead of the US in the following sentence: “However, Excelerate’s...

31 Aug 2006 00:00 | ESGM

Gas

Correction to ESGM 12.167 – Zeebrugge assessments

Wednesday’s Zeebrugge Hub closing price assessment showed incorrect bid and offer prices for Q2 ’07 and Q3 ’07, as a result of which the published Gas Year ’06 and Year 2007 figures were also...

31 Aug 2006 00:00 | ESGM

Gas

Czech gas prices fall in Q4 as RWE Transgas proposes drop

Czech gas prices have been cut by an average of 5.3% by the Czech regulator ERU from 1st October. Household prices will reduce by 5.5%, while the largest corporate companies will pay 5.4% less, and...

31 Aug 2006 00:00 | ESGM

Gas

Danish pipeline to be shut for maintenance

In the period from 4 September, at 12:00 to 9 September 2006, at 12:00, the pipe line Tyra East will be shut down because of maintenance. Shippers expecting to receive gas from Entry Nybro during...

31 Aug 2006 00:00 | ESGM

Gas

Dutch regulator investigates “high” profits of domestic utilities – report

Dutch energy regulator DTE is examining the profits of energy companies, in order to determine whether these have arisen from free market activities or grid management, Dutch newspaper De Financiele...

31 Aug 2006 00:00 | ESGM

Gas

Dutch watchdog approves takeover of two Dutch utilities

Dutch energy watchdog NMa approved on Thursday the acquisition of two privately-owned gas networks of two local utilities, Obragas Holding and Haarlemmermeergas, by the Dutch municipality of...

31 Aug 2006 00:00 | ESGM

Power

France-UK interconnector Q4 ’06 price down 42.5% year-on-year

The value of Q4 ‘06 capacity from France to England via the National Grid and RTE-operated interconnector fell 42.5% year-on-year, in the first tranche of auctions held on Thursday, to a weighted...

31 Aug 2006 00:00 | EDEM

Gas

German regulator to publish approved tariffs

Germany’s federal network agency (BnetzA) will publish the approved tariffs of 40 gas network operators in the next four weeks, a spokeswoman from BnetzA confirmed on Thursday.The regulator approved...

31 Aug 2006 00:00 | ESGM

Gas

Italy to speed up LNG import terminal approvals

The Italian government seems finally to be speeding up the approvals process for LNG import terminals in the country. The government has set up a new inter-ministry energy committee, dedicated to gas...

31 Aug 2006 00:00 | ESGM

Gas

MP looks to OFT to investigate European gas majors’ UK actions

A British MP is pressing the Office of Fair Trading to investigate the behaviour of major continental gas companies with substantial British marketing operations, The Heren Report understands. These...

31 Aug 2006 00:00 | ESGM

Gas

Riccardo Passetto moves from Plurigas to Edison

Riccardo Passetto is to head Edison’s new business unit “Gas Supply & Logisitics”, which will start up in September, the company announced on Thursday. Pasetto was previously managing director at...

31 Aug 2006 00:00 | ESGM

Gas

Spain will cut CMP price in September

The Spanish industry ministry will cut the maximum price of natural gas as a raw material (CMP price) by 0.034% in September, according to a report in the state bulletin Boletin Oficial del Estado...

31 Aug 2006 00:00 | ESGM

Power

Spanish power demand up 5% in August

Spanish power demand rose 5% year-on-year in August, according to data published by grid operator REE on Thursday. Total demand reached 1.9 billion cubic metres (Gm3), as hot temperatures fuelled...

31 Aug 2006 00:00 | EDEM

Gas

Spanish regulator calls for incentives to cut LNG stock build-up

The lack of underground storage is causing serious disruption to the flow of LNG into Spain, national regulator Comisión Nacional de la Energía (CNE) said in a report on Thursday. The regulator...

31 Aug 2006 00:00 | ESGM

Power

Turkey begins distribution company privatisation

Turkey put three of its electricity distribution companies up for tender on Wednesday, with the other 17 state-owned companies to follow.The privatisation administration has announced that interested...

31 Aug 2006 00:00 | EDEM

Power

Unit 5 at Bulgarian Kozloduy nuclear plant to restart

Bulgaria’s nuclear power plant Kozloduy has been given permission to restart its 1,000 MW unit 5 following a two-month period of planned maintenance. The Nuclear Regulation Agency issued a statement...

31 Aug 2006 00:00 | EDEM

Power

US Fluor makes £250-400 million bid for BNG “in its entirety”

Fluor Corporation has placed a bid to acquire British Nuclear Group (BNG), the US-based engineering company confirmed on Thursday. Fluor said that it had submitted an offer to British Nuclear Fuels...

31 Aug 2006 00:00 | EDEM

Gas

Uzbekistan signs PSA with firms from China, Korea, Malaysia and Russia

Uzbekistan has signed a production-sharing agreement with a cluster of foreign companies to explore and develop energy resources under the Uzbek region of the Aral Sea in Central Asia.Uzbek state oil...

31 Aug 2006 00:00 | ESGM

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