Europe

Supply & Demand

Ukraine gas imports to Poland could resume

Ukraine could resume gas exports to Poland, a government source has told Interfax, with reference to a 2012 forecast balance prepared by state-controlled company Naftogaz Ukrainy.

6 June 2012
Pipelines, Storage & Power

Local opposition plagues UK storage project

Plans for new gas storage facilities in the UK have suffered a further setback, with Lancashire County Council formally objecting to plans to build new caverns for up to 900 million cubic metres (MMcm) of gas storage.

6 June 2012
Pipelines, Storage & Power

Injection begins at Germany's giant caverns

Germany's largest utility E.On began injecting gas into the new Etzel salt cavern storage project in Lower Saxony on Sunday, providing another option for regulating North Sea gas and pipeline imports from Nord Stream.

6 June 2012
Supply & Demand

Europe has chosen ‘voodoo prices’, claims Gazprom

The shift from oil index-linked contracts to spot market pricing in Europe continues, despite the opposition of key supplier Gazprom, a new report from the International Gas Union (IGU) has shown.

6 June 2012
LNG

Dong scouts for LNG shipping fuel partner

LNG could fuel a large chunk of the shipping industry, especially between ports “of a certain size”, Dong Energy’s Executive Vice President for Energy Markets told Interfax on Wednesday.

6 June 2012
Policy & Regulation

Offshore safety debate heats up in EU Parliament

The European Parliament’s Committee on Industry, Research and Energy (ITRE) debated the European Commission’s draft regulation on the safety of offshore oil and gas exploration last Wednesday.

6 June 2012
EU Energy Policy

Commission to question German transparency law

The European Commission will question German authorities regarding their plans to set up a market transparency agency for reporting and monitoring trades in German wholesale power and gas markets, EU sources have told Interfax.

6 June 2012
Policy & Regulation

Offshore safety debate heats up in EU Parliament

The European Parliament’s Committee on Industry, Research and Energy (ITRE) debated the European Commission’s draft regulation on the safety of offshore oil and gas exploration last Wednesday.

6 June 2012
Companies & Finance

Ascent Resources agrees debt for Slovenian upstream project

UK-based Ascent Resources has agreed a credit facility with French bank BNP Paribas worth €15 million ($18 million) to fund development of the Petišovci project in Slovenia. The debt deal was signed on Tuesday, with Ascent able to draw down on up to €10 million immediately. The remaining €5 million can be withdrawn subject to certain perform

1 June 2012
EU Energy Policy

EU warns France over regulated gas prices

The European Commission has warned it may refer France to the European Court of Justice unless it takes action to abolish regulated gas prices for industrial users.

1 June 2012
Policy & Regulation

Gazprom hits EU ‘wall of bureaucracy’ over pipelines

Gazprom Chief Executive Alexei Miller has told the European Business Congress in Slovenia that EU regulation is preventing both Nord Stream and South Stream from being used to their full capacity.

1 June 2012
Policy & Regulation

The Netherlands as a European gas hub

With gas production set to decline over the next decade, the Netherlands will have to shift from an exporter to an importer. But with expansions to pipelines and storage projects, the country could become Europe’s ‘gas roundabout’.

1 June 2012
Exploration & Production

Berenx discovery a 'company maker'

Europa Oil and Gas said on Friday that an independent assessment has indicated that its Berenx deep gas discovery in France may contain 277 bcf (7.84 bcm) of gas and is a potential ‘company maker’.

1 June 2012
Supply & Demand

Gazprom will not change gas export forecasts

Gazprom expects a decline in gas demand in Europe due to the current economic situation, but is not changing its export forecasts, Chief Executive Alexei Miller told reporters.

31 May 2012
Policy & Regulation

UK may shift from renewables to gas - Ernst and Young

The UK’s commitment to renewables is under question, with speculation that the Department for Energy and Climate Change (DECC) is shifting its focus towards gas, according to Ernst and Young.

31 May 2012
Companies & Finance

Eni sells Snam stake for €3.5 billion

Eni announced on Wednesday that it has sold a 30% stake minus one share in Italian transmission system operator (TSO) Snam to state-controlled Cassa Depositi e Prestiti (CDP) for €3.5 billion ($4.3 billion).

31 May 2012
Global Markets

UK day-ahead prices increase

UK gas prices for day-ahead delivery increased by 0.65 pence to 54 p/th on Thursday morning, according to a Reuters report.

31 May 2012
Policy & Regulation

Merkel launches German power network plan consultation

Germany's federal network agency, Bundesnetzagentur (BnetzA), presented Chancellor Angela Merkel with a draft of its power network development plan in Bonn on Tuesday, with a public consultation set to begin on Wednesday, the national regulator told Interfax.

30 May 2012
Policy & Regulation

China reluctance on climate targets concerns EU

At last year’s climate summit in Durban, the 195 nations of the UN Climate Change Convention agreed to draw up a legal framework for greenhouse gas (GHG) reductions by 2015 with an implementation deadline set for 2020, as proposed by the EU.

30 May 2012
Policy & Regulation

UK exploitation of North Sea in ‘national interest’ – Minister

The UK must continue to exploit its North Sea oil and gas reserves because it is in the “national interest”, Charles Hendry, minister of state for the department of energy and climate change (DECC) has said.

30 May 2012

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