Latest news
E.ON- the last of “the big six” to increase energy prices
E.ON, UK's second-largest energy supplier with six million customers, is planning to raise gas and electricity prices next week, blaming wholesale, transmission and social scheme costs.
read more... 11/12/2012
Statoil and Wintershall sign a gas supply contract
Norwegian company Statoil, which states to be the second largest supplier of gas to Europe has signed a gas supply agreement with Germany’s Wintershall for the delivery of about 45 billion cubic meters (bcm) of natural gas to the German and other North-West European markets.
read more... 20/11/2012
Europe's long-term gas contract disputes
European energy companies faced with falling profits are turning up the pressure on long-term suppliers such as Russia and Qatar to amend long-term, oil-indexed sales of gas. Recession and market liberalisation measures by the European Commission have caused oil and gas prices to diverge, costing utilities billions. Disputes, re-negotiations and arbitration have led producers to temporarily grant discounts on gas supplies. Some have lowered prices and others have linked supplies to prices at Europe's freely traded spot gas trading hubs. Some utilities also want greater flexibility by being able to reduce supplies beyond minimum contracted levels during times of low demand. Many negotiations are still under way.
read more... 31/10/2012
EDF looks partners to share costs of new nuclear plants in the UK
EDF of France, the world’s largest supplier of atomic energy by kilowatt hours, is considering looking for more partners to share the financial costs of its project to build new nuclear plants in UK, following concerns that nuclear energy is getting more expensive.
read more... 01/08/2012
DONG Energy, Siemens: Major offshore wind turbine deal
Danish energy group DONG Energy and the German giant Siemens have inked a major deal, involving the supply of wind turbines. The deal is aimed to strengthen Siemens market position as a supplier of offshore wind turbines.
read more... 20/07/2012