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News Archive

Gas

EDF’s first half net profit down 15% on mild European weather

EDF saw its first-half net profit for 2007 dented by mild European weather, with net profit at EUR 3.5 billion, or 15.2% less than last year.The lower result was expected following the release...

31 Aug 2007 00:00 | ESGM

Power

EDF’s first half net profit down 15% to EUR 3.5 bn on mild European weather

EDF saw its first-half net profit for 2007 dented by mild European weather, with net profit at EUR 3.5 billion, or 15.2% less than last year.The lower result was expected following the release...

31 Aug 2007 00:00 | EDEM

Power

EDP set to start EUR 354 million dam construction imminently

Energías de Portugal (EDP), the Portuguese power incumbent, is set to invest EUR 354 million in a dam project in Baixo Sabor, Portugal, the company announced on Friday morning.The project, which will...

31 Aug 2007 00:00 | EDEM

Power

Erroneous EEX auction lifts contracts on German market, traders appalled

Traders on the German power market were appalled on Friday over the handling of erroneous Day-ahead auction prices for Saturday, Sunday and Monday by German energy exchange operator EEX.Traders were...

31 Aug 2007 00:00 | EDEM

Gas

French balancing price to be implemented as of 31st August

French network operator GRTgaz is to use the price emerging from its balancing platform as a reference price when billing its customers for a part of imbalances on the network from 31st August,...

31 Aug 2007 00:00 | ESGM

Gas

Gazprom ups pressure on Eon in Yuzhno-Russkoye gas field talks

The talks between Gazprom and Eon over the German utility getting access to the Yuzhno-Russkoye gas field are apparently entering the decisive phase. Gazprom’s Deputy c.e.o. Alexander Medvedev said...

31 Aug 2007 00:00 | ESGM

Emissions

Global flaring stable

Oil producing countries burned around 170 billion cubic metres (Gm3) of gas in 2006, according to estimates published by the World Bank on Friday — equivalent to 27% of total US natural gas...

31 Aug 2007 00:00 | EDCM

Gas

Italy’s Bersani signs first decree for winter gas emergency measures

The head of Italy’s Economic Development Ministry (Mse) Pier Luigi Bersani has signed the long-awaited decree forcing Italian gas shippers to maximise their imports this winter, Italian sources...

31 Aug 2007 00:00 | ESGM

Gas

Madrid backs new Spanish underground storage in face of local opposition

More signs that Spain is lending its backing to the new underground site planned in Valencia – the Castor project – emerged on Friday. The central government in Madrid has now asked the regional...

31 Aug 2007 00:00 | ESGM

Power

Market coupling cuts congestion at Belgian borders – grid operator

Market coupling between the Belgian, French and Dutch power exchanges have wiped out cross-border congestion for more than half of the time during the first half of 2007, according to Belgian grid...

31 Aug 2007 00:00 | EDEM

Gas

Market Focus: Dutch gas demand from power generators rises on strong spark spread

The recent strengthening of Dutch spot power prices, combined with the underlying stability of gas prices, has improved the Dutch spark spread, increasing gas demand by power generators, traders at...

31 Aug 2007 00:00 | ESGM

Power

Nord Pool’s SESAM trading platform delayed until 9th October

SESAM, the new Elspot trading system at Nord Pool, is not going to go live until 9th October, due to an ongoing appeal against the removal of illogical bidding. The new internet-based trading system...

31 Aug 2007 00:00 | EDEM

Gas

RAG sells regional gas distributor Saar Ferngas to ArcelorMittal

German industrial group RAG is selling its subsidiary Saar Ferngas to the world’s biggest steel company ArcelorMittal in Luxembourg. Arcelor has agreed to pay EUR 367 million for a 76.88% stake in...

31 Aug 2007 00:00 | ESGM

Emissions

Reducing deforestation

Financial incentives could be brought into force to reduce emissions from deforestation and degradation (REDD) as part of a post 2012 greenhouse gas agreement, according to a proposal by the Centre...

31 Aug 2007 00:00 | EDCM

Power

Spanish Industry Ministry to remove some conditions on Endesa takeover

The Spanish Industry Ministry is set to withdraw a number of the twelve conditions it put in place to allow Enel and Acciona to buy Endesa, a ministry spokesman said on Friday, confirming reports...

31 Aug 2007 00:00 | EDEM

Power

Spanish power demand rising 1.6% in August – grid operator

Spanish power demand rose 1.6% in August, according to grid operator REE on Friday. Total demand was 20,834 GWh in August, leading to an accumulated total for 2007 of 172,763 GWh – up 3.9%. Mild...

31 Aug 2007 00:00 | EDEM

Gas

Strong interest in Dutch GTS’ Open Season 2012

Several dozen market players have expressed interest in the first phase of the Open Season 2012 for expansion projects on the Dutch gas network, Dutch network operator Gas Transport Services (GTS)...

31 Aug 2007 00:00 | ESGM

Gas

Suez could give up environmental assets to merge with GDF — reports

Tension heightened in the GDF Suez dossier on Friday as rumours in the French press suggested that Gérard Mestrallet, head of Suez, would finally bow to pressure from president Sarkozy to spin off...

31 Aug 2007 00:00 | ESGM

Power

Suez could give up environmental assets to merge with GDF — reports

Tension heightened in the GDF Suez dossier on Friday as rumours in the French press suggested that Gérard Mestrallet, head of Suez, would finally bow to pressure from president Sarkozy to spin off...

31 Aug 2007 00:00 | EDEM

Gas

UK’s Rough storage at 94.1% fullness

Storage levels at the Rough gas field in the UK North Sea were higher week-on-week to 94.1% fullness as at 06:00 BST on 30th August, according to data released by the National Grid, the UK’s gas...

31 Aug 2007 00:00 | ESGM

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