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Companies & Finance

Eni reach $1 billion pipeline agreement with Fluxys

Italian energy major Eni has sold its interests in the Transitgas and Trans-Europa Naturgas Pipeline (TENP) for $1.16 billion to Belgian gas operator Fluxys.

23 September 2011
LNG

Rotterdam Gate LNG terminal starts commercial operations

The €800 million ($1.1 billion) Gate LNG Rotterdam import terminal opened on Friday for commercial operations, E.On Ruhrgas announced in a press release.

23 September 2011
EU Energy Policy

Turkey-Cyprus dispute on the agenda

Turkey should be subjected to the same accession criteria as every other country if it wants to join the European Energy Community and, ultimately, the EU, Praxoulla Antoniadou Kyriacou, energy minister of the Republic of Cyprus, said this week.

22 September 2011
EU Energy Policy

Ukraine’s energy sector debate in the EU parliament

A high-level conference, titled “Ukraine 20 years on: challenges for the future”, organised by the European Policy Centre (EPC) with the support of Interfax Ukraine was held at the European Parliament on Wednesday.

22 September 2011
Supply & Demand

European gas imports from Russia to increase by 6.9% through to 2015 - VTB

European gas imports from Russia are expected to increase by 6.9% per year through to 2015 because of an increasingly tight LNG market, analysts at Russian investment bank VTB Capital said in a report published this week.

22 September 2011
Pipelines, Storage & Power

Nabucco-TAP merger possible, OMV chief says

A joint venture between Nabucco and TAP – two competing pipeline projects that aims to bring Caspian gas to Europe by 2017 – cannot be ruled out and talks between the two consortiums are currently

22 September 2011
Pipelines, Storage & Power

Lietuvos dujos requests EU funds for gas pipeline from Klaipeda

Lithuania gas import and transport company Lietuvos dujos, which is controlled by Russian gas giant Gazprom and German company E.On Ruhrgas, has gone to the Lithuanian Agency for Supporting Business with a request for financing from the European Union, the company said in a press release on Thursday.

22 September 2011
Exploration & Production

OMV to increase focus on upstream, gas to power

Austrian oil and gas company OMV plans to divest €1 billion ($1.3 billion) in refinery and marketing assets until 2014 in order to increase its focus on upstream and gas to power projects, the company’s CEO, Gehard Roiss, said in a presentation to journalists and analysts late on Wednesday.

22 September 2011
EU Energy Policy

Member states to co-ordinate on energy mix – gas energy concern about lack of long-term price sign

European Union energy ministers have agreed to establish a European co-ordination group for electricity to assess risks resulting both from the short-term management of national electricity systems and long-term decisions taken on the energy mix within member states, EU director general for energy Philip Lowe told Energy Monitor on Wednesday.

22 September 2011
EU Energy Policy

EC criticises member states for failing to match words with action

The European Commission’s Director General for Energy Philip Lowe criticised EU member states this week over contradictions between their ambitious policy statements and subsequent actions.

22 September 2011
LNG

$137 bln unlikely to boost German gas-to-power

KfW Bankengruppe has announced plans to spend $137 billion on energy projects over the next five years, but the expansion of renewables, among other factors, makes it unlikely gas will be first in line for investment.

21 September 2011
Companies & Finance

Tokyo Gas buys stake in Belgian gas-fired power plant

Tokyo Gas has agreed to buy a 26.66% stake in Belgian gas-fired power station owner T-Power, which is co-owned by Germany’s Siemens Project Ventures and Belgium’s Tessenderlo Group, Siemens and Tessenderlo announced on Wednesday.

21 September 2011
Exploration & Production

Spain kicks off shale exploration drive

Canada’s Realm Energy International, which has announced plans to merge with San Leon Energy by the end of November, has acquired two licences to explore and develop shale gas acreage in the Cantabrian basin in Northern Spain. Unconventional oil and gas explorer BNK Petroleum has also received a licence in the basin, through its unit Trofagas Hid

21 September 2011
Companies & Finance

Gazprom in negotiations to purchase Promgas stake from Eni

Gazprom is negotiating with Italian multinational Eni to purchase the entire stake in its joint venture Promgas, a gas market source told Interfax.

20 September 2011
Policy & Regulation

Europe sees increase in gas trading

European wholesale gas markets have become more liquid since 2009 as more players enter the markets to diversify from long-term, oil-indexed supply contracts.

20 September 2011
Exploration & Production

PGNiG starts technical shale flows from Lubocino concession

Polish incumbent PGNiG has started flowing technical volumes of shale gas from its Lubocino concession near Wejherowo in Northern Poland, PGNiG announced on Monday.

19 September 2011
Pipelines, Storage & Power

EU gas demand must grow by 2% per year for South Stream to be profitable

In this guest article, Dr. Chi Kong Chyong, of the Electricity Policy Research Group (EPRG) at Judge Business School, University of Cambridge, looks at the profitability prospects of the pipeline and

19 September 2011
Pipelines, Storage & Power

Hungary and Slovakia to build EU-backed gas interconnection

Hungary’s National Power Line Company (OVIT) signed a memorandum of understanding (MOU) on 9 September with the Slovakian transmission system operator Eustream to construct a 115 km interconnector between Hungarian and Slovakian gas grids.

19 September 2011
Policy & Regulation

Poland

Poland's parliament passed a bill late on Friday that aims to liberalise gas storage regulations.

19 September 2011
Supply & Demand

UK gas prices must rise to compete for LNG

UK natural gas prices will likely have to rise above the current levels in order to compete with Japan and South Korea for LNG deliveries, analysts at Bank of America Merrill Lynch said in a report on Friday.

16 September 2011

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