South Korea and Japan’s August LNG imports both fell more than 5% by volume on their July levels, as buyers baulked at higher spot prices amid mild summer conditions, import data published this week...

Oil supermajor Chevron has doubled the output target for its proposed Wheatstone LNG liquefaction terminal in Western Australia, local media reported this week. Chevron’s massive Wheatstone field is...

Bearish oil, coal and carbon prices pressured the far end of the continental power curve on Monday, while German spot prices dropped on the back of higher wind availability forecasts in Germany for...

French utility EDF is pursuing a gas aggregation joint venture (JV) with independent oil and gas exploration and production companies (E&Ps) Afren and Gasol to find reserves in West Africa, the two...

EDF Trading (EDFT) has agreed a binding sales and purchase agreement to buy Lehman Brothers subsidiary North American Eagle Energy Partners (Eagle), the company announced on Monday.“Eagle will become...

EDF Trading (EDFT) has agreed a binding sales and purchase agreement to buy Lehman Brothers subsidiary North American Eagle Energy Partners (Eagle), the company announced on Monday.“Eagle will become...

The EDF/British Energy sale could go through as early as November or as late as January, a source close to the dealings told ICIS Heren on Monday. Discussions are uncertain and open ended, another...

Italy’s Eni sold all 15 lots per month in its state royalty auction, the company announced on Monday. The price for the winter gas, to be delivered on Italy’s virtual trading hub the PSV, averaged...

Cavaou delay hits tariff proposalFrench regulator CRE has postponed the publication of a national tariff structure for short-term access to French LNG terminals until Q1 2009, citing further delays...

German-Dutch capacity cost below spreadThe cost of flowing Baseload power for next year between Germany and the Netherlands was pegged at around EUR 7.00/MWh on Monday, according to auction results...

Fortis was the first European investment bank to buckle under the current financial strain this weekend with the governments of Belgium, the Netherlands and Luxembourg wading in with a EUR 11.2...

Fortis was the first European investment bank to buckle under the current financial strain this weekend with the governments of Belgium, the Netherlands and Luxembourg wading in with a EUR 11.2...

The four German high-voltage grid operators generated EUR 245 million from congestion management between mid-2007 and mid-2008, federal regulator Bundesnetzagentur (BNetzA) said on Monday. The lion’s...

There were a few teething problems on the first day of market coupling between Germany and Denmark, Nord Pool Spot told ICIS Heren on Monday. Settlement prices were published for EEX and Nord Pool...

Irish grid operator Eirgrid said the country’s forced outage rate in August was 8.2%, a drop of 2.1 percentage points compared with July. As a result, the rolling 52-week forced outage rate was...

Inpex to build Australian terminal Japanese oil and gas utility Inpex Holdings announced on Friday it would build a $20 billion LNG complex in Blaydin Point near Darwin in Australia rather than at a...

Oman’s Qalhat LNG project has concluded a master sales agreement to sell LNG to Chinese state oil and gas producer China National Offshore Oil Corporation (CNOOC), the Oman Observer newspaper...

Three medium-sized energy suppliers in the Italian power market told attendees of the 8th Italian Energy Summit on Monday that the lack of transparent data issued by power distributors was preventing...

Venezuelan state oil and gas company Petroleos de Venezuela SA (PDVSA) signed separate memoranda of understanding (MoUs) with Italian oil and gas major Eni and Russian incumbent Gazprom, to develop...

Poland’s energy watchdog URE has decided that the country’s retail power market will not be fully deregulated from the start of next year as planned, its president Mariusz Swora said on Monday. If...

Dutch marketAt TTF, the trend of the last few days continued, with the prompt and the curve heading in different directions. The spot was slightly stronger day from Friday, while the curve shed value...