Gas prices in Europe are rising on a weak wind ahead of the US election
The Dutch and British wholesale prices of gas rose slightly Tuesday morning due to a weak wind and in anticipation of what should be a close U.S. Presidential election. LSEG data shows that the benchmark front-month contract for the Dutch TTF hub at 0942 GMT was 0.37 euros higher…
The price of gas in Europe is rising due to the Norwegian power outages and a weaker wind output
On Wednesday morning, Dutch and British wholesale prices of gas rose slightly due to the outage in Norway and the forecasts for a weaker wind output. LSEG data shows that the benchmark front-month contract for the Dutch TTF hub increased…
As Russia attacks Ukraine's energy infrastructure, the price of gas in Europe is rising.
The Dutch and British wholesale prices of gas closed higher on Monday amid concerns about supply as Russia fired missiles against energy infrastructure in Sumy, a city located north-east Ukraine. LSEG data show that the benchmark front-month…
The price of gas in Europe is rising on the back of hurricane fears
The wholesale gas prices of the Netherlands and Britain increased on Wednesday morning, as the storm in the United States intensified into a hurricane. This posed a threat to the liquefied gas (LNG), export operations in southern Europe.
Gas Prices Soar in Europe on Tight Russian Supply
European gas prices soared more than 30% on Tuesday as low supplies from Russia reignited concerns about an energy crunch as the region heads for colder weather.A key pipeline which normally delivers gas from Siberia to Europe continued to work in reverse on Tuesday…
Total's North Sea Oil Platforms Hit by 24-hour Strike
Around 40 rig workers started a 24-hour strike on Monday on the Alwyn, Elgin and Dunbar platforms in the British North Sea, curbing gas flows to shore, but stored crude was expected to mitigate any oil supply disruption.The platforms halted production at 0500 GMT…
U.S. NatGas Ticks Up as Traders Reassess Market
U.S. natural gas prices have bounced by almost 10 percent since the start of the month as traders reassess their earlier bearish view this winter amid signs sentiment had become far too gloomy. Futures prices on the New York Mercantile Exchange…
Spills Prompt U.S. to Stop ETP's Drill Work on Rover Pipeline
U.S. regulators on Wednesday prohibited Energy Transfer Partners (ETP) LP from new drilling to install pipe along the route of its Rover natural gas pipeline from Pennsylvania to Ontario following drilling fluid spills in a wetland area in Ohio.
Europe Could Absorb 40 bcm More Gas Annually - at Right Price
Level represents spare gas plant demand in six countries; gas generation margins recovered only briefly this year. Coal margins higher, ruled by global trends, EU CO2 policy. Europe's power industry could absorb around 40 billion cubic metres…
Dutch Govt to Issue Draft Decision on Groningen
The Dutch government will publish its preliminary view on whether output at Groningen, Europe's largest gas field, needs to be reduced further in about two weeks, a Ministry of Economic Affairs spokesman said on Wednesday. Small earthquakes…
Dutch Govt. to Halt Gas Output in Part of Groningen Field
The Dutch government said it would immediately implement a court order to halt production in part of Europe's largest gas field after a ruling that raised industry concerns of further output curbs because of safety fears over earthquakes.
Britain's Gas Storage Cuts Heighten Risks for Winter
Britain's available natural gas storage capacity will fall to its lowest level in almost a decade this summer, increasing the system's reliance on supply from the continent and the risk of price spikes next winter. Utility Centrica on Thursday…
European Energy Firms Seek to Escape Tougher Regulation
European power and gas traders fear that a raft of new regulations thought up after the credit crisis and gradually applying to their sector could raise compliance costs and hamper liquidity by putting off new entrants into the market. Their…
How a 29-year-old Ukrainian Made a Killing on Russian Gas
A young businessman accused of being a frontman for former Ukrainian president Viktor Yanukovich made $100 million or more from buying Russian gas at a preferential rate and selling it on at higher prices, according a former senior employee and a Reuters examination of official data.
Ukraine Stockpiling Gas, Counteracting Supply Cut
Ukraine's stored gas reserves are sufficient to help meet domestic needs well into the winter months should Russia cut supplies as authorities step up efforts to rebuild inventories. To prepare for any potential disruption, Ukraine's gas…
