Storage site in Italy Pipelines, Storage & Power

France to regulate price for gas storage by April 2018

France is trying to improve the worsening economic conditions for its gas storage operators by introducing a regulated price mechanism.

By Silvia Favasuli 20 September 2017
LNG

Europe ‘like a bond’ for global LNG market

Europe cannot offer the same prices as Asia for LNG cargoes, but it offers a stability of supply that won’t be found anywhere else, OMV’s head of global gas sourcing Luca Della Gatta told the North Africa Oil & Gas Summit on Thursday.

27 October 2011
EU Energy Policy

EC expected to impose new rules on offshore oil and gas drilling

The European Commission is expected to propose on 27 October new rules to establish minimum standards for the authorisation and oversight of offshore oil and gas activities across the EU.

27 October 2011
Companies & Finance

EDF eyes majority stake in Edison by end of October

EDF is expected to take a majority stake in Italian gas company Edison by the end of the month, a deal which will give the French power company direct access to upstream gas assets in North Africa and the Middle East.

26 October 2011
Companies & Finance

Enagás sees 6.2% rise in profits

Spanish grid operator Enagás reported net profit of €270.8 million ($376.6 million) for the first nine months of 2011, 6.2% more than in the same period in 2010, the company said on Tuesday.

25 October 2011
Companies & Finance

BG Group sees UK production fall short of expectations

BG Group’s oil and gas production on the UK continental shelf fell 29% or 11 million barrels of oil equivalent (MMboe) below expectations during the first nine months of 2011 to due to field outages, the company said on Tuesday.

25 October 2011
Companies & Finance

BP pledges 50% higher cash flow by 2014

Oil giant BP has said that its cash flow will be 50% higher by 2014 and that it will increase divestments from $30 billion to $45 billion, as the major tries to rebuild confidence following the Gulf of Mexico disaster.

25 October 2011
LNG

Price differentials attributed to fall in UK LNG imports for third quarter

LNG imports into the UK fell by 7.8% year-on-year in the third quarter of 2011 as the pull of the Japanese market diverted cargoes from the Middle East and the Atlantic Basin towards Asia.

25 October 2011
EU Energy Policy

EDF may be forced to return $1.7bn to state

French state-owned energy company Electricite de France (EDF) may be obliged to pay back €1.2 billion ($1.7 billion) of state aid it received in 1997 from the French government following an opinion issued last week by a key adviser to the EU’s highest court.

24 October 2011
Companies & Finance

Muted expectations ahead of Q3 results

Several of the world’s largest oil and gas companies are reporting third quarter financial results this week, but expectations of earnings growth seem muted.

24 October 2011
Companies & Finance

S&P cuts Enagas rating citing sovereign risk

Spanish gas grid operator Enagas is the latest utility to be downgraded to negative, with ratings agency Standard & Poor’s (S&P) saying the downgrade mirrors its recent decision to revise the country’s sovereign outlook to negative.

24 October 2011
Exploration & Production

Lack of infrastructure jeopardises Poland’s shale boom

The lack of domestic infrastructure is a key challenge for commercial shale gas development in Poland.

24 October 2011
Pipelines, Storage & Power

Third Nord Stream line unlikely

A third line extension to Gazprom's Nord Stream natural gas pipeline is unlikely to become a reality despite Russian Prime Minister Vladimir Putin suggesting it was a development option earlier this year, Interfax has learned

21 October 2011
Supply & Demand

Austria’s OMV increases gas sales

Austrian oil and gas company OMV saw its sales volumes in the supply, marketing and trading business increase by 54% in the third quarter of 2011 compared with the same period last year, the company said in a trading update published on Friday.

21 October 2011
Companies & Finance

Golar LNG buys FRSU tankers

London-based LNG shipper Golar LNG Partners has closed a debt-backed acquisition of a series of floating, storage and regasification units (FRSU) from parent company Golar LNG.

21 October 2011
Companies & Finance

Banks await South Stream documents

Banks will receive investment documentation for the South Stream gas pipeline in the second quarter of 2012, according to Paolo Scaroni, chief executive of Italian co-sponsor Eni.

21 October 2011
Pipelines, Storage & Power

Gasunie CEO looks to create European gas hub

Dutch gas grid operator Gasunie has ambitious plans to build a “European gas roundabout” in the Netherlands to handle pipeline gas and LNG imports. Interfax caught up with the company’s Chief Ex

20 October 2011
Policy & Regulation

EC urges industry to move away from oil-indexed supply contracts

The gas industry needs to move away from oil-indexation in long-term supply contracts if gas is to remain a competitive fuel for electricity generation, the European Commission (EC) said in a draft document obtained by Energy Monitor on Tuesday.

20 October 2011
Supply & Demand

IEA ministerial meeting highlights energy security issues

The global economic and financial crisis, the Deepwater Horizon incident in the Gulf of Mexico and events in the Middle East have all served to underline the continuing necessity for security of energy supply, the International Energy Agency (IEA) concluded at its 2011 ministerial meeting on Wednesday.

19 October 2011
Companies & Finance

DONG gains foothold in UK end-user market with acquisition of Shell’s Gas Direct

DONG Energy’s acquisition of UK gas supplier Shell Gas Direct will give the Danish company an opportunity to diversify its supply portfolio of end-users, analysts told Interfax on Wednesday.

19 October 2011
Pipelines, Storage & Power

Q&A: Harry Sachinis, CEO of DEPA

Interfax talks to Harry Sachinis, Chairman and CEO of Greece’s Public Gas Corporation (DEPA), about the prospect of bringing Caspian gas to Europe via the planned 10 billion cubic metres per year Turkey-Greece-Italy (ITGI) pipeline.

19 October 2011

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