MEP Krišjanis Karinš is steering new legislation related to power reform through the European Parliament. (EP) EU Energy Policy

Gas companies lobby for capacity market reform

A number of gas companies have thrown their weight behind a proposal by the European Commission to exclude coal-fired power plants from capacity payments.

By Andreas Walstad 27 April 2017
Companies & Finance

E.ON’s Open Power Network sale unconfirmed

Despite rumours that German power and gas utility E.ON is considering selling its gas distribution network system, Open Power Europe, the company declined to confirm to Interfax that its 12,000 km pipeline network is on the market.

15 August 2011
Göteborg Energi announced plans to build an LNG terminal at the port of Gothenburg on the Swedish west coast. (Göteborg Energi) LNG

Sweden has its eyes on the future

As Sweden’s local shipping community seems eager to switch to natural gas, energy firm Göteborg Energi has announced it will be building the country’s second an LNG terminal by 2014-2015 to meet

15 August 2011
Supply & Demand

Qatar to supply less LNG to Europe

LNG supply from Qatar to Europe will decline in the coming years as countries in the Pacific Basin are willing to pay more for the LNG than European buyers, according to analysts.

15 August 2011
Pipelines, Storage & Power

Polish head’s Baku visit fails to clarify Trans-Caspian Pipeline

Polish President Komorowski announced that Poland supports South Corridor gas projects, but these projects must serve a greater EU purpose.

12 August 2011
Companies & Finance

Gazprom ‘most obvious’ buyer of RWE’s power plants

Russian state-owned gas company Gazprom is the most likely candidate to pick up RWE’s fossil-fuelled power plants that were officially put up for sale earlier this week, according to analysts.

12 August 2011
LNG

Sweden’s second LNG terminal delayed until 2014-2015

The start-up date for a planned second LNG import terminal in Sweden, to be located in the port of Gothenburg on the country’s west coast, has been pushed back by one to two years, the developer Goteborg Energi – a municipality-owned utility - told Interfax this week.

11 August 2011
Companies & Finance

Turmoil in the Middle East hits OMV’s Q2 profits

Austria’s OMV reported a net income of €236 million ($339 million) for the second quarter 2011, down 25% on the same period last year, due to heavy production losses in Libya and Yemen.

10 August 2011
Companies & Finance

E.ON sees H1 earnings plummet, warns of jobs losses

German utility E.ON on Wednesday warned it could be forced to axe up to 11,000 jobs as the company’s half-year profits plummeted large due to the government’s decision to phase out nuclear power generation.

10 August 2011
Companies & Finance

Eni in talks with Fluxys over pipeline sale, but no deal yet

Italian oil and gas major Eni has not agreed to sell two of its European pipelines to Belgian gas operator Fluxys for $1.2 billion (€800 million), but the two companies have discussed the possibility, a source familiar with the talks told Interfax today.

10 August 2011
An artist's impression of Gate terminal. (Gate) Supply & Demand

Dutch supply decline to be offset by LNG, renewables

The Netherlands is facing a problem: declining supplies of natural gas. However, the country is turning to LNG, renewable energy and energy efficiency to offset the decline now and in future.

10 August 2011
Pipelines, Storage & Power

Dutch court temporarily suspends Bergermeer gas storage project

The €800 million ($1.15 billion) Bergermeer gas storage project in the Netherlands has been temporarily suspended by a Dutch court due to environmental and safety concerns from local residents and pressure groups, a spokeswoman for the Dutch council of state confirmed on Wednesday.

10 August 2011
Companies & Finance

RWE to sell off European power plants

German utility RWE plans to sell several of its coal and gas-fired power plants both at home and abroad in order to raise capital to offset the financial loss imposed by the authorities’ decision to phase out nuclear power generation, a company spokeswoman confirmed on Tuesday.

9 August 2011
Exploration & Production

Total makes gas discovery in Barents Sea

French oil and gas major Total has made a gas discovery in the Norwegian part of the Barents Sea about 250 km north of Melkøya, the Norwegian Petroleum Directorate (NPD) said on Monday.

9 August 2011
LNG

InterGen gets go-ahead for CCGT plant in Essex

UK power producer InterGen has been awarded planning consent by the department of energy and climate change to construct a 900 megawatt combined cycle gas turbine (CCGT) power station in Essex, it said last week.

8 August 2011
Exploration & Production

Cyprus continues LNG liquefaction talks, while dithering over key gas import decisions

The Cypriot ministry of commerce, industry and tourism (MCIT) is in discussions with Israel over the possibility of building an LNG liquefaction plant on the island.

8 August 2011
Supply & Demand

Netherlands to be net importer of gas by 2025

The Netherlands is likely to become a net importer of natural gas by 2025 because of declining domestic reserves, Nigel Harris, a principal consultant at Kingston Energy, told Interfax this week.

5 August 2011
Companies & Finance

Hunting beefs up shale drilling presence

UK-based energy services provider Hunting has acquired US company Titan, which makes tools used in well drilling. The value of the deal was $775 million, Hunting said in a statement today.

5 August 2011
Policy & Regulation

Poland launches gas market survey

The Polish energy market regulator launched a market survey yesterday to gauge opinion on further liberalisation of the domestic gas market.

5 August 2011
Pipelines, Storage & Power

Hungary-Croatia pipeline enters commercial operation

Natural gas transmission through the 19.2 thousand cubic metres per day Városföld–Slobodnica gas pipeline between Hungary and Croatia started on Wednesday, a spokeswoman for Hungarian transmission system operator (TSO) FGSZ confirmed on Thursday.

4 August 2011
Pipelines, Storage & Power

Italian storage, regasification fees to rise in 2011-2012

Italian gas storage and LNG regasification tariffs will rise in Gas Year 2011-2012 based on higher reference revenues for the upcoming year, incumbent transmission system operator Snam Rete Gas said on Wednesday.

4 August 2011

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