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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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)...

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...

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...

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...