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Supply & Demand

Supply security under spotlight as Norwegian shutdown looms

The threat of a Norwegian gas production shutdown has alarmed the industry, raising concerns that European gas markets are too reliant on a small number of exporters.

9 July 2012
EU Energy Policy

Entso-e files final 10-year development plan

European electricity transmission system operators (TSOs) need to spend €104 billion ($128 billion) over the next decade to upgrade or build about 52,000 km of high-voltage power transmission lines, electricity TSO body Entso-e said on in its final version of its new 10-year network development plan on 5 July.

9 July 2012
EU Energy Policy

European Parliament backs project bond pilot scheme

The European Parliament gave a green light to the pilot phase for EU-backed project bonds to fund infrastructure projects in the EU on 5 July.

9 July 2012
Companies & Finance

Lietuvos Dujos to receive 66% stake in future gas exchange

Lithuanian company Lietuvos Dujos, which is controlled by Gazprom and Germany's E.On Ruhrgas, will receive a 66% share in a gas exchange in a joint venture (JV) with Finnish company Gasum.

6 July 2012
Companies & Finance

Lundin closes $2.5 bln debt package for Norwegian upstream work

Stockholm-based Lundin Petroleum has closed a $2.5 billion debt facility with a group of lenders for the development of exploration projects in Norway.

6 July 2012
Companies & Finance

Gasunie seeks EIB funds for network expansion

Dutch gas infrastructure and transportation firm Nederlandse Gasunie has formally applied to the European Investment Bank (EIB) for funds to help develop the national transmission network.

6 July 2012
Companies & Finance

Supply diversification could spell end for storage sites

Unappealing seasonal price spreads at European gas markets have inhibited the development of storage sites and led market participants to question whether increased storage capacity is really necessary as the European supply mix grows increasingly diversified.

6 July 2012
EU Energy Policy

EU ETS: Security concerns remain despite single registry

The European Union has implemented a single registry for the holding and transactions of emission allowances under its emissions trading scheme, but experts question whether it will be enough to prevent market abuse, such as VAT fraud, which has damaged the credibility of the system.

6 July 2012
Global Markets

CEGH moves to Trayport trading screens

The Central European Gas Hub (CEGH) migrated its trading exchange to the Trayport GlobalVision trading system on Friday.

6 July 2012
EU Energy Policy

Entso-e calls for more participation in network code drafting

Europe is not represented in a “consistent” way in EU-level discussions on future rules for managing and using the EU’s electricity networks, an official of Entso-e, the European body of electricity transmission system operators, said on Tuesday.

5 July 2012
Policy & Regulation

Positive outlook as Belgium goes virtual

Liquidity within the Belgian gas market is set to increase significantly from 1 October 2012 as Zeebrugge makes the switch from a physical to virtual hub.

5 July 2012
Supply & Demand

Norway braces for production shutdown

The Norwegian Oil Industry Association (OLF) announced on Thursday that it would impose a lockout on striking workers, shutting down all Norwegian Continental Shelf (NCS) production from midnight on 9 July (11pm GMT).

5 July 2012
Policy & Regulation

French govt will not sanction gas price increase

The newly installed French Prime Minister Jean-Marc Ayrault told French television on Thursday that the government would not sanction an increase in gas prices above inflation, according to a Reuters report.

5 July 2012
EU Energy Policy

Commission to launch proposal for internal market design

The European Commission will launch a proposal for internal market design in energy by October or November this year, it has confirmed.

4 July 2012
Policy & Regulation

Excessive costs threaten French single-market plans

The prospect of widespread network congestion and billions of euros worth of investment could derail the proposed merger of France’s two largest natural gas hubs before the project has even begun.

4 July 2012
LNG

Croatia moves forward with new LNG terminal plans

Croatia has finally moved forward with a plan to build a 5 billion cubic metre per year LNG terminal, having selected the northern Adriatic island of Krk – the same site as previously planned terminal projects.

4 July 2012
EU Energy Policy

European Council agrees on €5 billion project bonds

In an attempt to stabilise the markets and to stimulate growth in Europe, last week's European Council decided on a compact for growth and jobs that will mobilise €120 billion ($150.75) -- equivalent to around 1% of the EU’s gross national income -- for immediate investments.

4 July 2012
Pipelines, Storage & Power

Study mandated for Polish, Lithuanian interconnection

Poland and Lithuania are one step closer to a pipeline linking the two national networks after the two firms developing the project hired a company to conduct a feasibility study on the long-mooted scheme.

3 July 2012
Pipelines, Storage & Power

TNK-BP reveals Nord Stream interest in shareholder letter

TNK-BP has confirmed its interest in participating in the Nord Stream pipeline project, following a letter to shareholders last month. Interfax considers what form this participation could take.

3 July 2012
Policy & Regulation

UK's science and engineering academies wade into shale gas debate

The Royal Academy of Engineering and the Royal Society, the UK's national academy of science, have waded into the shale gas debate.

3 July 2012

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