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Companies & Finance

PGNiG beats expectations to register final quarter profit

Polish state-owned gas company PGNiG reported a net profit for the fourth quarter of 2011 on Tuesday, helped by a discount on gas imports due to new supply routes opening up.

20 March 2012
Policy & Regulation

Bulgarian regulator mulling tariff increase for Bulgargaz

Bulgaria's energy regulator the State Commission for Energy and Water Regulation (SEWRC) will launch a review of national gas tariffs this week after Bulgargaz petitioned for an increase of over a quarter earlier this month.

20 March 2012
Pipelines, Storage & Power

EWE

Germany's EWE has received all the necessary permits to build an underground gas storage facility at Moeckow, East Pomerania, 20 km from the Nord Stream pipeline's landfall at Greifswald, the company said.

19 March 2012
Pipelines, Storage & Power

UK’s gas-fired power future assured in government overhaul

The future of gas-fired power in the UK energy mix has been given positive endorsement by the Department of Energy and Climate Change (DECC) as it set out its new electricity reform plans.

19 March 2012
Pipelines, Storage & Power

Nord Stream lays offshore pipeline ahead of schedule

Nord Stream on Wednesday finished laying the second 1,224-km line of the offshore gas pipeline in the Baltic Sea ahead of schedule, the consortium said in a press release.

18 March 2012
Policy & Regulation

PGNiG secures low gas tariff increase from national regulator

Polish state-owned gas company PGNiG has completed negotiations with domestic market regulator URE over a reconfiguration of gas tariffs that it described as the “lowest possible” in a statement.

16 March 2012
Pipelines, Storage & Power

Rerouting delays won't disrupt initial gas supply for NEL pipeline

Development of the NEL gas pipeline linking Nord Stream's landfall site at Lubmin, Germany with a storage facility at Rehden will be partially delayed by a year as E.On Ruhrgas reroutes part of its segment of the project.

16 March 2012
Supply & Demand

Norwegian shutdown supports UK gas prices

UK prompt gas prices ticked up slightly as the week came to a close, with fears that supply would be squeezed by a shutdown of one of Norway’s key supply routes into the UK.

16 March 2012
Companies & Finance

Wintershall optimistic about 2012 sales

BASF subsidiary Wintershall has announced plans to improve sales and profits for 2012, based on increasing North Sea gas production and European gas sales, restarting crude oil operations in Libya, and exploration developments in the Middle East.

15 March 2012
EU Energy Policy

EC consulting on electricity and gas grid code priorities

The European Commission has launched consultations on the annual priority lists for the development of electricity and gas network codes and guidelines for 2013 and beyond, according to the Commission’s website.

15 March 2012
EU Energy Policy

Presidency fights to keep CO2 in EU minimum energy tax

The Danish presidency of the EU Council circulated a compromise proposal last week among member states to keep the carbon dioxide element of the new EU-level minimum tax on fuels.

15 March 2012
LNG

Global LNG demand to outstrip capacity, says BP

Energy markets will tighten in the years to 2015 as global LNG capacity goes into cyclical decline but, at the same time, the market for LNG will continue to grow.

14 March 2012
EU Energy Policy

ENTSOG submits first Network code

The European Network of Transmission Operators for Gas (ENTSOG) submitted its first Network Code to the Agency for the Cooperation of Energy Regulators (ACER) at an event in Brussels this week.

13 March 2012
Supply & Demand

UK third largest LNG importer

The UK was the world’s third largest LNG importer in 2011, but 2012 LNG imports dropped to 850,000 tons for February, down by 43% year-on-year, according to the LNG World Shipping Journal. China and Taiwan received more LNG than the UK during the first two months of 2012.

13 March 2012
Policy & Regulation

Kazakhstan postpones IPOs on volatile markets

Kazakhstan has postponed plans to float shares in several state-run enterprises due to volatile global market conditions, Bakytzhan Sagintayev, Kazakhstan’s economy minister, said on Tuesday.

13 March 2012
Companies & Finance

Snam focuses three-year investment plan on Italy

Italy’s incumbent gas grid operator, Snam, intends to focus on its home country over the next three years, with the aim of improving the sector’s flexibility and expanding its transportation, regasification and storage capacity, the company announced on Tuesday.

13 March 2012
Exploration & Production

Statoil makes UK comeback after 10 years

Statoil has pledged to explore new oil and gas opportunities in the UK section of the North Sea, after a decade of not pushing for new acreage in the heavily-explored region

12 March 2012
Companies & Finance

RWE Dea Norge

RWE Dea Norge has entered into agreement with Wintershall Norge to acquire a 10% stake in licence PL418 in the North Sea, the company said in a press statement on Monday.

12 March 2012
Companies & Finance

Gazprombank venture in Serbia

Gazprombank , a lending affiliate of Gazprom Export, will have a venture operating in Serbia in the second half of the year with Serbian gas monopoly,Srbijagas, Blic newspaper reported, citing Srbijagas’s general director.

12 March 2012
Exploration & Production

TPAO-ExxonMobil talks

Turkey's state energy company TPAO has held talks with ExxonMobil about exploring for shale gas in the country, the head of TPAO said on Monday.

12 March 2012

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