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Pipelines, Storage & Power

South Stream questions remain

The South Stream looks more viable than the EU-backed Nabucco pipeline, but there are still concerns about the project’s implementation.

17 February 2012
EU Energy Policy

EU’s Roadmap 2050 lacks clear signals for investors

The EC’s Energy Roadmap 2050, which sets out goals to decarbonise the EU energy industry, lacks clear signals for investment in long-term gas infrastructure projects, according to some industry experts.

17 February 2012
Supply & Demand

Gazprom unbundling and US exports to shape gas landscape

The outcome of Russian major Gazprom’s unbundling, coupled with the United States’ plans to become a gas exporter, will shape the global gas landscape in the coming years, Christof Van Agt, senior researcher at the Clingendael Institute, told delegates at a conference in Brussels on Thursday.

17 February 2012
Pipelines, Storage & Power

SSE, Shell sign 790 MMcm/d supply agreement

The UK’s Scottish and Southern Energy (SSE) and Shell Energy Europe have agreed a 10-year gas supply agreement for 790 million cubic metres per year starting in 2015. The gas price will be “linked to prevailing prices in the gas market”, SSE said in a statement on Friday.

17 February 2012
LNG

Gazprom to meet Italian gas demand

Gazprom will meet Italy’s demand for Russian gas in full on Friday.

17 February 2012
Policy & Regulation

UK, France nuclear deal meets with scepticism

France and the United Kingdom signed a nuclear cooperation deal worth more than €500m on Friday, with the UK Government saying that the agreement proves its commitment to nuclear in a “diversified energy mix.”

17 February 2012
Companies & Finance

EBRD mulling over Romanian power scheme

The European Bank for Reconstruction and Development is mulling over supplying debt financing of up to €207 million ($270 million) for the development of a gas-fired power station project in Romania.

17 February 2012
Companies & Finance

Nuclear output boosts EDF’s profit

Despite global economic uncertainty and volatile energy prices, French power utility EDF’s earnings for 2011 surged on the back of increased UK and French nuclear output. Net income increased from €1 billion ($1.3 billion) in 2010 to $3.9 billion).

16 February 2012
EU Energy Policy

EU rules against Hungary's power purchase agreements

A long-term electricity purchase agreement between the French-owned Budapesti Erőmű Zrt and Hungary's state-owned MVM Zrt has been declared illegal under EU state aid rules, even though it was concluded before Hungary joined the EU.

16 February 2012
Supply & Demand

Verbundnetz Gas hopes for better 2012 after 2011 loss

East German gas importer Verbundnetz Gas (VNG) expects to turn a profit this year after losing €211 million ($) in 2011, executive board chairman Karsten Heuchert said at a Thursday press conference in Leipzig.

16 February 2012
Pipelines, Storage & Power

Gazprom’s European gas storage expansion plans

Gazprom Export’s Deputy Chief Alexander Medvedev announced last Friday plans to almost double the capacity of the company’s European underground gas storage (UGS) facilities to 5 billion cubic metres by 2015.

15 February 2012
Companies & Finance

Italy's Eni makes further Mozambique gas discovery as profits rise

Italy’s Eni has expanded the amount of gas-in-place at the Mamba discovery offshore Mozambique in further confirmation of the region’s potential.

15 February 2012
EU Energy Policy

Ministers reject binding energy efficiency targets

EU ministers have ruled out the prospect of making the 20% energy efficiency target by 2020 legally binding, despite Europe’s increasing dependency on gas imports.

15 February 2012
EU Energy Policy

Cold spell highlights need for gas grid investment - Oettinger

The recent cold spell in Europe emphasises the need for increased investment in cross-border infrastructure for gas and power, Günther Oettinger, the EC’s commissioner for energy told journalists after the EU Council energy summit in Brussels on Tuesday.

15 February 2012
Pipelines, Storage & Power

Romania seeking to increase storage capacity by 2015

Romania's state-owned gas firm Romgaz plans to expand its gas storage capacity by 200 million cubic metres (MMcm) leading up to 2015 to cater for an increase in domestic demand a source at the company told Interfax on Tuesday.

14 February 2012
Companies & Finance

Robin Hood tax hurts Italian company profits

The ‘Robin Hood’ tax on energy companies and a drop in gas demand last year hurt the financial results of Italy’s Snam and Edison, the companies said in separate earnings reports this week.

14 February 2012
EU Energy Policy

EU pushes for CCS deployment at Beijing summit

Deployment of Carbon Capture and Storage (CCS) to reduce emissions from power generation in China will be high on the agenda when EU ministers meet with the Chinese government in Beijing on Tuesday.

14 February 2012
EU Energy Policy

EC to increase funding for bio-energy projects

The European Commission is making more funding available for projects in the bio-energy sector to reduce Europe’s dependence on fossil fuels, it confirmed on Monday.

14 February 2012
Policy & Regulation

Bulgaria and France discuss cooperation in gas and nuclear sectors

French and Bulgarian ministers discussed energy cooperation this week at an EU summit in Paris aimed at exploring opportunities for managing future supply crises and promoting low-carbon alternatives to meeting the continent’s future energy demand.

14 February 2012
Companies & Finance

TAQA increases UK North Sea acreage with farm-in deals

Abu Dhabi’s state-owned Abu Dhabi National Energy Co (TAQA) has consolidated its presence in the North Sea, through two farm-agreements signed with UK independent Fairfield Energy on Monday.

13 February 2012

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