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Ukrainian national gas company Naftogaz Ukrainy has announced that it has opened talks with German supplier RWE, as part of its plans to diversify supply away from Russia's Gazprom. As part of these discussions, the company said that it had signed a framework agreement with RWE. Under this framework...
German utility E.On is closing in on the sale of gas distribution network Open Grid Europe. A consortium led by Macquarie’s infrastructure funds is reportedly to have been selected as the winning bidder to purchase Germany’s largest gas distribution network, in a deal valued at around EUR 3.
RWE has today revealed its concerns for its gas operations, predicting the fall in sales is set to increase despite a stable 2012. In its official report for the first quarter of this year, the company said that, despite EBITDA of €3.1 billion and predicted income for 2012 on a par with last...
Australian-listed Dart Energy International has today announced that it may have access to up to 143 trillion cubic feet of shale gas over its European licences. An independent assessment conducted on behalf of the company by Netherland Sewell & Associates, Inc (NSAI) has identified massive...
German utility E.ON has announced a rise in profits of 27 per cent for the first quarter of this year, following the renegotiation of gas contracts and increased sales to Russia. Earlier this year, E.ON renegotiated a gas contract with Norwegian major Statoil, which supplies around 25 per cent of E.
Dart Energy has announced that it has completed an acquisition with BG Group which sees the Australian explorer take 14 onshore coal-bed methane (CBM) licences in the UK. In a European update released today, Dart said that it is now the 100 per cent stakeholders in the licence following the deal. Before...
On April 25, 2012, in Osnabrück, Germany, an extended summary version of “Risikostudie Fracking” (study of fracking risks) was presented during the final conference of ExxonMobil´s “information and dialogue process on the potential risks and environmental impact...
The second phase of the Nord Stream project is currently facing teething issues in Germany, with linking pipeline the NEL pipeline delayed and a challenge to Nord Stream's route issued by the German Ministry of Defence. RBC Daily today reports that head of the North European Pipeline (NEL) gas link...
CEO of E.ON Johannes Teyssen has said that E.ON has come to an agreement with major supplier Statoil to readjust current gas purchase agreements in light of recent massive losses. At an E.ON press conference today, Mr. Teyssen said that the contracts had been renegotiated to suit the current market climate.
ITS THE GAS, STUPID In Lubmin, Germany on November 8, 2011, Chancellor Angela Merkel and outgoing president Dmitry Medvedev met in the village of Lubmin on Germany's Baltic coast to inaugurate the 7.4 billion euro natural gas pipeline that links Germany directly with Siberia's vast gas reserves. The...