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News Archive

Gas

...while infrastructure projects boost market confidence

In the weeks running up to the new gas year, players at the British NBP hub have seen a sharp fall in the price of front winter gas. The main reason for the recent massive drop in value of Winter ’06...

29 Sep 2006 00:00 | EGM

Gas

Algeria’s Sonatrach signs contracts for TTPC gas

Algeria’s Sonatrach has signed contracts to ship 3.2 billion cubic metres (Gm3) of natural gas annually to Italy, through the Trans-Tunisian pipeline (TTPC), said. EGM understands that TTPC has now...

29 Sep 2006 00:00 | EGM

Gas

As a new gas year dawns...consolidation continues...

Industry consolidation continues to cause controversy and threaten to shake up markets as we enter the new Gas Year - and the latest mergers are stirring no less interest: French gas incumbent Gaz de...

29 Sep 2006 00:00 | EGM

Gas

BEB activity dries up despite bearish levels; spread leverages around parity

The BEB prompt has shed significant value over the past two weeks on the back of plummeting levels at the TTF. Continued warm weather forecasts and oversupply pressured both prompt markets to EUR...

29 Sep 2006 00:00 | EGM

Gas

Dutch GTS plans EUR 1.27 billion investment in capacity

Dutch gas transporter GTS - subsidiary of N.V. Nederlandse Gasunie - is preparing a large-scale investment plan for the high-calorific gas transport network in the Netherlands, GTS announced this...

29 Sep 2006 00:00 | EGM

Gas

E.ON Ruhrgas dismantles long-term sales contracts

German gas supplier E.ON Ruhrgas has dismantled its long-term gas sales contracts with distributors, in accordance with the 1st October deadline laid down by the federal cartel office, a spokeswoman...

29 Sep 2006 00:00 | EGM

Gas

EU Commission to take unbundling one step further

The European Union’s Competition Commissioner, Neelie Kroes, is adamant that further unbundling in Europe’s energy markets is essential to create the right investment climate and to halt...

29 Sep 2006 00:00 | EGM

Gas

Focus on Ukrainian pipelines

The Ukrainain state-owned oil and gas company Naftogaz Ukrainy NAK has announced a major program for the modernisation and reconstruction of its dilapidated pipeline system, to take place over 2007...

29 Sep 2006 00:00 | EGM

Gas

Gas Year 2006/2007 NBP Market Outlook

Participants at the British NBP wholesale gas hub noted a distinctive lack of buying interest in the front season from industrial and commercial (I&C) customers as Gas year 2006/7 approached. This...

29 Sep 2006 00:00 | EGM

Gas

NBP & ZH: Zeebrugge loses ground on softer NBP

The UK gas market spent most of September’s latter half awaiting the arrival of Norwegian gas through the new Langeled pipeline, while forward contracts continued to shed value at a rapid pace....

29 Sep 2006 00:00 | EGM

Gas

New appointments at Russian-Polish EuRoPol Gaz

The appointment of Krzysztof Glogowski as new c.e.o. of the Polish state oil and gas company POGC seems to have broken the stalemate between the Russian and Polish shareholders at EuRoPol Gaz...

29 Sep 2006 00:00 | EGM

Gas

News In Brief

AustriaImports - Russian Gazprom has extended its supply contracts with EconGas, a 50% owned subsidiary of OMV Gas International, from 2012 until 2027. The contract is for approximately 7 billion...

29 Sep 2006 00:00 | EGM

LNG

NEWS in brief

Petronet offers equity-LNG swapIndia’s Petronet LNG said this week that it was prepared to offer equity stakes in the company of between 5% and 15% to gas majors from Oman, Qatar and Algeria in...

29 Sep 2006 00:00 | GLM

Gas

Old concerns continue to dominate as a new Gas Year dawns

As a new Gas Year dawns, the landscape of Europe’s energy market is a very different picture from a year ago. In this issue, EGM explores some of the broader developments set to shape the coming...

29 Sep 2006 00:00 | EGM

Gas

Romania questions Petrom prices to distribution companies

The Romanian regulator has questioned the price that domestic gas producers, and in particularly state-owned oil incumbent Petrom, are charging distribution companies for the fourth quarter. The...

29 Sep 2006 00:00 | EGM

Gas

Romanian transmission system operator Transgaz to list Q1 2007

Romanian TSO Transgaz is to be listed on the Bucharest Stock Exchange in the first quarter of 2007. According to Romanian newswire Mediafax 10% of the state’s 85% stake of Transgaz will be listed....

29 Sep 2006 00:00 | EGM

Gas

Russia’s Novatek takes 60% stake in new energy joint venture

Novatek, Russia’s largest independent gas producer has taken a 60% stake in a joint venture with the Russian wholesale generating company WGC-5. Energeticheskaya Severnaya Kompaniya (Northern Energy...

29 Sep 2006 00:00 | EGM

Gas

TTF prompt in freefall on full storage and low demand

Prices at the Dutch TTF have been bearish during the second half of September. Traders said that the market was clearly oversupplied, and demand became more and more lacklustre after some healthy...

29 Sep 2006 00:00 | EGM

Gas

Turkey-Greece interconnector delayed until mid-2007

First gas from Turkey to Greece through a new interconnector is not expected until mid-2007, representing a delay to the anticipated commissioning timeframe of late 2006. “There are no substantial...

29 Sep 2006 00:00 | EGM

Gas

Zeebrugge hub set to finally come of age

Following pressure from the Belgian regulator CREG — and latterly some concessions offered by Suez as part of the proposed merger with GdF (see separate story on page 8) — as of 1st January 2007 gas...

29 Sep 2006 00:00 | EGM

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