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Energy Market Overview, Friday, December 17, 2010

British gas spot prices increased on Friday on freezing weather boosting heating demand. By 10:35 GMT, the day-ahead gas price was traded at 65,25 pence per therm exceeding more than one penny compared to the previous session and reaching the highest level since early February 2009. According to the National Grid data, Britain will continue to import gas from Norway, the Netherlands and Belgium to cover about 30 percents of its gas demand.

read more... 17/12/2010


UK’s winter gas from Norway still unpredictable.

Even though measures have been undertaken to ensure that last year’s crisis will not repeat, the scenario of gas supply for this winter is still uncertain.

read more... 23/11/2010


Statoil delayed its planned output increase by 2012.

Norway's Statoil decreased its 2010 oil and gas production target on Wednesday, after heavy maintenance work in the third quarter that affected its earnings and casted doubt on its plans to increase the output to 14% by 2012.

read more... 04/11/2010


Norway's Kollsnes still operating at limited gas production capacity

Norway's Kollsnes gas production capacity remains at its lower level for a few more days, due to maintenance works which might be longer than expected, according to Gassco operator.

read more... 18/10/2010


The Norwegian Statkraft planning to invest in South America

Norway's state-owned company, Statkraft announced Thursday that it would invest $400 million in a hydropower plant in Peru with a capacity of 168-megawatt, and announced intentions of further investing in Chile, but it is targeting the Brazilian market as well.

read more... 01/10/2010