Latest news
Ofgem proposes to make suppliers return £1.4bn credit balances to customers
Ofgem could call on energy suppliers to return £1.4 billion to customers in Britain under latest proposals to limit the amount of customer credit balances they can hold.
read more... 18/03/2021
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EU probes Greece’s largest power producer’s behaviour in wholesale market
The European Commission has opened a formal antitrust investigation to assess possible abusive behaviour by Public Power Corporation (PPC) in the wholesale Greek electricity sector, examining whether Greece’s largest power producer and electricity supplier distorted competition and slowed down renewable energy investment, the EU’s anti-trust chief said on March 16.
read more... 17/03/2021
Total Reinforces its Commitment to Develop Singapore Into a Major LNG Maritime Hub for Asia
The Maritime and Port Authority of Singapore (MPA) has awarded a third Liquefied Natural Gas (LNG) bunker supplier license to Total’s subsidiary in charge of worldwide bunkering activities, Total Marine Fuels Private Limited, for a five-year term starting January 1st, 2022.
read more... 16/03/2021
UK Energy Suppliers To Pay £10.4m Fine For Overcharging Customers
Ofgem has this morning charged 18 energy suppliers, including British Gas, Shell, and Scottish Power, a combined £10.4m for overcharging their customers.
read more... 03/03/2021
Qatar's LNG Megaprojects Are Making Markets Increasingly Competitive
Qatar Petroleum’s recently set a new record for the largest LNG export project ever. By 2026, the country will once again become the world's largest supplier of liquefied natural gas by overtaking Australia. The signing of the contract was delayed for a year due to economic uncertainty as a direct consequence of the Covid-19 pandemic. With the mega-expansion, the market could be oversupplied for years and the feasibility of other projects that are awaiting their investment decision could be in jeopardy.
read more... 23/02/2021