Latest news

French group Total buys up some assets from Portugal's EDP

French energy group Total (TOTF.PA) said on Monday it had agreed to buy up a large customer portfolio from Energías de Portugal (EDP.LS) and two of EDP’s gas-fired combined cycle power plants, making it a leading player in the Iberian market.

read more... 18/05/2020


Poland prepares a new blow to Russian gas supplies to Europe

Russian gas giant Gazprom continues to face problems in the European gas market, where demand and prices have collapsed and volume of gas in storage has reached a historic record, repots

read more... 15/05/2020


LNG imports and new supply challenge Russia’s hold on European gas market

Russia’s dominance of Europe’s natural gas market, widely seen as threatening European energy security, is likely to be increasingly challenged as new suppliers establish a foothold in the region.

read more... 13/05/2020


Daily (12.05.2020): British near-term gas prices lost ground on Monday amid a re-routing of French gas to UK

Crude oil futures started the week on the back foot, weighed down by investor fears of a second wave of Covid-19 which offset new output cuts from Saudi Arabia. Hence, Brent crude for July delivery fell by $1.34, or 4.3%, to settle at $29.63 a barrel. At the same time, U.S. WTI crude dropped by 60 cents, or 2.4%, to settle at $24.14 a barrel.

read more... 12/05/2020


Equinor gas sales price drops 41 percent on year to EUR 13 per MWh

Norwegian energy firm Equinor's gas sales price in Europe plummeted 41% to an average of EUR 13/MWh (USD 4.06/MMtbu) in the first quarter of the year amid the Covid-19 pandemic, it said on Thursday.

read more... 07/05/2020