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News Archive

Gas

Big sales push stops the rot as GdF fends off competition

State-owned Gaz de France has retained its sales volumes to eligible customers in France in the first half of this year, having lost in the same period in 2003. It attributed the successful fending...

30 Sep 2004 00:00 | EGM

Gas

ConocoPhillips buys into Russian major Lukoil

ConocoPhillips has acquired 7.6% of Lukoil from the Russian state for just over EUR 1.6 billion, slightly more than the reserve price. ConocoPhillips intends to raise its stake to 10% in the short...

30 Sep 2004 00:00 | EGM

Gas

EGM Comments

A nuclear revival would obviously have major consequences for the future development of the European gas market, and should be resisted: not for its effect on the gas industry but because it would...

30 Sep 2004 00:00 | EGM

Gas

Eni clings to government’s skirts, won’t sell import lines

Eni’s chief executive Vittorio Mincato told an Italian parliamentary select committee on privatisation that further sales of shares currently held by the Italian government would leave Eni vulnerable...

30 Sep 2004 00:00 | EGM

Gas

Gas Natural to triple Italian client base by end-2008

Spain’s dominant gas distributor Gas Natural plans to increase its client base in Italy from 250,000 today to 800,000 in 2008. International director Alberto Toca said Gas Natural was in talks with a...

30 Sep 2004 00:00 | EGM

Gas

Gazexport to lease German storage capacity from VNG

Russia’s Gazexport has signed a storage capacity leasing agreement with German gas transmission and storage group VNG. Injection of undisclosed volumes will start in October, and Gazexport will...

30 Sep 2004 00:00 | EGM

Gas

Gazexport’s sales soar to France and Germany (and more coyly, the UK)

Sales by Gazprom export arm Gazexport during the first eight months of 2004 rose by more than 20% to Germany and nearly 30% to France, according to latest figures released by the company. Overall,...

30 Sep 2004 00:00 | EGM

Gas

GTS left with surplus of high-to-low cal conversion capacity

Contrary to expectations, Dutch gas transmission company Gas Transport Services had more gas conversion capacity on offer during its recent release of repurchased Q4 ´04 capacity than shippers...

30 Sep 2004 00:00 | EGM

Gas

Hopes rise as new entrants breach Germany’s defences

Competition in the German gas market sometimes reminds one of the Loch Ness monster, with only a few alleged sightings despite a long period of intense scrutiny. This was certainly the mood at a...

30 Sep 2004 00:00 | EGM

Gas

Italy’s Linea joins Gas Natural in proposed LNG plans

The Linea Group of northern Italian municipal utilities has reached an agreement with Spain’s Gas Natural to participate in the construction of two proposed LNG terminals at Taranto and Trieste in...

30 Sep 2004 00:00 | EGM

Gas

Langeled’s Easington terminal gets planning approval

Centrica’s proposed Langeled gas reception terminal at Easington has received local authority planning permission. The terminal will be capable of processing 15-20% of UK gas demand by the time of...

30 Sep 2004 00:00 | EGM

Gas

Mixed long term UK entry capacity auction results

Britain’s third long-term entry capacity auction was shut after two rounds this month due to low bidding interest, despite record high forward prices for gas in the UK and expectations of a tight...

30 Sep 2004 00:00 | EGM

Gas

NEWS briefs

European UnionPolicy – In balancing environmental concerns with ensuring security of supplythe EU must take care not to miss its emissions targets through an excessive long-term reliance on gas when...

30 Sep 2004 00:00 | EGM

Gas

People in the gas industry

Nederlandse Gasunie has appointed a new supervisory board at Gas Transport Services, which became a separate legal entity on 1st July. The nine-member board, whose majority has no direct ties with...

30 Sep 2004 00:00 | EGM

Gas

POGC and VNG plan transport and trading joint ventures

German gas merchant VNG and state-owned Polish Oil and Gas Company have agreed to set up gas trading and transportation joint ventures to implement Europe-wide activities on a joint basis. A formal...

30 Sep 2004 00:00 | EGM

Gas

Sales to a liquid market do not make an LNG spot market

Despite demand growth and a loosening of traditional commercial and logistical structures, the global LNG market is unlikely ever to become as flexible as the world oil market, according to a new...

30 Sep 2004 00:00 | EGM

Gas

Statoil opens Algerian office

Statoil has officially opened an office in Algerian capital Algiers. The opening was attended by Algerian representatives including Dr Chakib Khelil, minister of energy and mines, Mohamed Meziane,...

30 Sep 2004 00:00 | EGM

Gas

Total to take 25% of Russian independent producer Novatek

Total has signed a preliminary agreement for the purchase of 25% plus one share in the biggest Russian independent gas producer OAO Novatek, with reserves of 1.5 trillion m3 in the Yamal- Nenetsk...

30 Sep 2004 00:00 | EGM

Gas

Union Fenosa outlines generation and gas procurement strategy

Spanish power company Union Fenosa plans to build an additional 1,200 MW of combined cycle gas turbine (CCGT) capacity by 2007 in Spain, half of what it had originally planned between 2003 and 2007....

30 Sep 2004 00:00 | EGM

Gas

Wingas and E.ON Ruhrgas register as shippers on the Dutch TTF

German gas majors Wingas and E.ON Ruhrgas have both registered as shippers on the Dutch Title Transfer Facility (TTF), according to the latest list of shippers released by operator Gas Transport...

30 Sep 2004 00:00 | EGM

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