Engie to cut gas prices in France by 3.3% in May

20/04/2017 09:23 Natural Gas

news

French utility Engie will reduce consumer gas prices in France by 3.3 percent starting from May 1, as reported by Le Figaro.

Since the opening of the French gas market in 2007, former monopoly Engie continues to sell gas to retail customers at tariffs established by energy regulator CRE, but also sells gas at unregulated prices to retail and corporate customers.

 

Le Figaro announced that Engie has filed a request to the CRE to cut the prices, stating that approximately 6 million households would be affected by this move.

 

A spokeswoman with Engie did not comment.

Global energy consumption to rise by 28% between 2015 and 2040

19/09/2017 13:59:00

By the year 2040, global energy consumption might increase by 28%, as forecasted by the US Energy Information Administration (EIA).

<READ MORE

Kazakhstan will get from Vitol up to $5 billion for oil deals

19/09/2017 13:15:00

Commodity trader Vitol has increased its export prepayment loans to state oil companies in Kazakhstan to US$5 billion, reinforcing its position in extracting Kazakh oil at a moment when the production of the central Asian nation might grow, as reported by Financial Times on Monday.

READ MORE

Daily (19.09.2017): European carbon contracts traded 3% down on Monday on lower coal and power prices

19/09/2017 10:57:00

Crude oil prices dropped slightly on Monday, but remained close to recent highs as traders braced for a potential stockpile build, likely to occur later this week.

READ MORE