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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

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,...

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...

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...

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...

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...