Friday, November 22, 2024

North West Europe News

The price of gas in Europe is falling amid profit-taking

The Dutch and British wholesale gas prices fell on Wednesday morning as profit-taking and Slovakia's SPP announced that it would take measures to guarantee supply because of the risk of Ukraine ending its transit at the end the year.

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…

Prices for gas in Europe are rising as the low wind increases demand.

Dutch and British wholesale prices of gas rose on Monday as low wind speeds increased gas demand for electricity generation. Strong inventories and temperatures above normal could limit further increases. LSEG…

EUROPE GAS - Prices edge up on weaker winds, correction after falling

Dutch and British wholesale prices for gas rose on Friday morning due to a weaker wind production. Meanwhile, the Slovak government-owned gas purchaser SPP denied a report that an agreement was nearing to replace Russian gas by Azerbaijan gas.

Prices of gas in Europe are falling due to a weaker demand and stronger forecast winds

Dutch and British wholesale price fell slightly on Friday morning due to continued high temperatures, lower demand and the expectation of higher wind output. LSEG data shows that the benchmark front-month contract…

Prices of gas in Europe are lower due to profit-taking and lower demand

The Dutch and British wholesale prices of gas were lower on Tuesday morning due to profit-taking and after media reports that Israel was willing not strike Iranian oil targets. This eased concerns about a disruption in supply.

The price of gas in Europe has reversed its initial gains and is now lower than the oil prices.

The Dutch and British wholesale prices of gas reversed gains earlier on Tuesday afternoon. They fell in line with the oil price and offset initial concerns about rising demand due to cooler weather conditions and U.S. liquefied gas supplies.

Prices of EUROPE GAS rise on demand and tight supply

The Dutch and British wholesale prices of gas extended their previous session's gains Tuesday. This was due to the rising demand for gas from cooler weather, the ongoing Norwegian supply restrictions, and fears that a hurricane could impact the U.S.

Prices rise due to increased demand and less green power

The combination of a lower renewable energy supply in North-West Europe and a rising demand has led to a rise in electricity wholesale prices. By 0730 GMT on Thursday, the German baseload electricity for that…

Renewable Energy: AWS Waveswing Put to the Test

The Waveswing. Image courtesy AWS Ocean Energy

Inverness-based AWS Ocean Energy announced encouraging results from the current phase of sea trials of its wave energy device at the European Marine Energy Center (EMEC) in Orkney. In a key highlight of the scientific…

Innovative Tidal Power Project Proceeds in the Scottish Sea

Image courtesy SKF

SKF is participating in a tidal power project off the Orkney Islands.Orbital Marine Power, Scottish-based developers of the world’s leading floating tidal turbine technology, has now launched its first commercial 2MW unit…

Fluxys Sign LNG Contract with Qatar

Qatar Petroleum subsidiary Qatar Terminal Limited (QTL) and Fluxys Belgium subsidiary Fluxys LNG signed a long-term LNG Services Agreement for the Zeebrugge LNG terminal.Under the agreement, QTL subscribes unloading…

Epic Gas Bullish on LPG Carriers Market

Global seaborne liquefied petroleum gas (LPG) volume is expected to grow by over 6% in 2019 and surpass 100 million tonnes for the first time.Singapore based provider of pressurised LPG vessels, Epic Gas said…

Shell Joins Dutch Pension Fund to Bid for Eneco

British-Dutch oil and gas company Royal Dutch Shell and Dutch pension fund manager PGGM are considering a joint bid for Dutch producer and supplier of natural gas Eneco, which is heavily invested in sustainable…

First Delivery by Titan LNG in German Port of Mukran

Titan LNG, the leading LNG supplier to marine and industrial users in North West Europe, has successfully completed the first-ever LNG bunker delivery at Mukran Port on the island of Rügen in the Baltic Sea.Truck deliveries enable delivery of LNG anywhere.

Blue-Gift to Implement Marine Power Project

The European Marine Energy Center (Emec) in Orkney, Scotland, will lead a project to support the development of wave and tidal power in coastal areas of north-west Europe.The project has been approved by Interreg…

EnBW: No Impact on Coal Generation from Low Rhine Water

German utility EnBW said on Friday it had enough stocks and rail transport options for the time being to secure coal deliveries from the Amsterdam-Rotterdam-Antwerp port areas while the river Rhine had low water levels.

Varo Energy Cancels Plans for IPO on Euronext

Varo Energy BV said on Tuesday it had decided not to proceed with plans for a flotation on the Euronext stock exchange in Amsterdam, citing poor market conditions. In a statement, the company said there was "considerable…

Brent Crude Eases, as Canadian Supply Drop Boosts U.S. Futures

Monday U.S. holiday pulls WTI's Friday gain into Tuesday. Brent crude oil prices eased on Tuesday, pulled down by a stronger dollar and a bout of profit-taking, while U.S. futures gained, bringing the discount…

Saudis Buy Dutch Oil Storage in EU Market Share Push

Saudi Aramco Overseas Company (AOC), a subsidiary of Saudi Aramco, is buying a stake in Rotterdam crude storage from commodities trader Gunvor, the companies said on Thursday, in a move to expand its share of the market in northwest Europe…