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News Archive

Gas

Australian Gorgon LNG decision has global ramifications

Chevron, Shell and ExxonMobil have taken a final investment decision on the $37bn (€25bn) Gorgon LNG project in western Australia, the oil and gas majors announced in separate statements on 14...

30 Sep 2009 00:00 | EGM

Gas

Banks bolstering their commodity desks again

Banks are starting to staff commodities trading desks again, following the market-wide cull last year, according to sources within major investment banks. “We are increasing our head count again,...

30 Sep 2009 00:00 | EGM

Gas

Fuel-switching cost between gas and coal comes into sharper focus

Gas could be the most profitable source for power burn in Summer 2011 in the UK, ICIS Heren data indicate. Trading sources on the NBP gas market have seen buying interest from generators and spread...

30 Sep 2009 00:00 | EGM

Gas

Gazprom pressured on volume by customers

Gazprom’s major European customers – in particular Germany, Italy and Turkey – have asked the Russian company not to impose penalties on the non-lifting of minimum volumes in their long-term...

30 Sep 2009 00:00 | EGM

Gas

Germany votes for nuclear extension

Germany’s election outcome late this month marks a turn in the country’s energy policy, with the nuclear phase-out period now due to be extended. This will have a long-lasting impact on energy...

30 Sep 2009 00:00 | EGM

Gas

Medgaz to flow between December-March – Sonatrach

The current expected start-up date for the 8 billion cubic metres/year (Gm³/year) Medgaz gas pipeline from Algeria to Spain is “between December 2009 and March 2010,” according to Nabila...

30 Sep 2009 00:00 | EGM

Gas

More gas auctioned on Italian hub, but interest is sparse

Italian legislation relating to non-European imports means that around 600 million cubic metres (Mm3) of gas have been auctioned during September at the Italian PSV hub. But buying interest has been...

30 Sep 2009 00:00 | EGM

Power

New French tariffs could affect RTE’s profits

Ratings agency Standard & Poor’s (S&P) has warned that the new French grid access tariffs could have a negative impact on transmission system operator RTE’s financial position.The new grid access...

30 Sep 2009 00:00 | EDEM

Gas

News Briefs

Czech RepublicStorage – Czech independent gas supplier Ceská plynárenská (CP) is planning to build a new underground gas storage facility in an old uranium mine, the company confirmed to ICIS Heren...

30 Sep 2009 00:00 | EGM

Gas

RWE Gas Storage Czech open season auction delayed until 2010

Czech underground gas storage operator RWE Gas Storage will postpone until next year its open season auction offering newly built capacity to the market, due to administrative reasons, the company...

30 Sep 2009 00:00 | EGM

Gas

Spot Market: Belgium - Return of Interconnector sees prompt basis normalise

The UK-Belgium Interconnector pipeline maintenance from 8–23 September temporarily dismantled the traditional relationship between the two markets, as the Belgian Day-ahead contract’s premium to its...

30 Sep 2009 00:00 | EGM

Gas

Spot Market: Britain - Prompt falls to three year low, curve influenced by oil and gas

US Henry Hub prices continually influenced the NBP curve market over the past two weeks, while the prompt reacted to fundamental drivers.At the beginning of the fortnight the prompt market pulled up...

30 Sep 2009 00:00 | EGM

Gas

Spot Market: France - PEG prompt above other hubs

The French prompt managed to establish a bit of space above its continental neighbours midway through September, mostly due to a significant downturn in gas coming into France, which was, in turn,...

30 Sep 2009 00:00 | EGM

Gas

Spot Market: Germany - Prompt sees prices up; curve matches oil

The German prompt market was driven by fundamentals over the past fortnight, as maintenance and weather strengthened prices. On the far curve, contracts followed oil.Liquidity was relatively low on...

30 Sep 2009 00:00 | EGM

Gas

Spot Market: Italy / Austria - October gains on PSV at the last minute

October ’09 found support on the Italian PSV hub at the end of September, despite a structurally long market. It was reported as trading at €14.40/MWh at the beginning of last week, then offers at...

30 Sep 2009 00:00 | EGM

Gas

Spot Market: Market Highlight - Within-day hits 3p/th, but rebounds as exports resume

The NBP Within-day contract hit a low of 3p/th over the weekend of 19–20 September as maintenance continued on the Interconnector pipeline to Zeebrugge, stopping UK exports. The shutdown was planned,...

30 Sep 2009 00:00 | EGM

Gas

Spot Market: Netherlands - Fundamentals drive prompt; curve breaks away from oil

The impact of Interconnector maintenance proved a significant driver of prices on the Dutch prompt during the second half of the month, as the pipeline only came back on line on 23 September at 06:00...

30 Sep 2009 00:00 | EGM

Gas

SPP faces tough competition on its doorstep

RWE Gas Slovensko, the Slovak arm of Czech gas incumbent RWE Transgas, will start offering gas to mid-sized companies with demand exceeding 1GW/year from 2010, the Czech company has said. The move...

30 Sep 2009 00:00 | EGM

Power

Swiss reservoirs are lower on week and year

Swiss reservoir levels decreased to 84.4% in Week 39, marking a drop of 0.5 percentage points week on week, according to data from the country’s Federal Energy Office (BFE)*. However, during Week 39...

30 Sep 2009 00:00 | EDEM

Gas

UK suppliers talk down price-cut prospects

The UK’s “Big Six” energy suppliers appear to have ruled out the prospect of a cut in retail energy prices this winter. The companies set out their positions in response to British regulator Ofgem’s...

30 Sep 2009 00:00 | EGM

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