Gazprom to bid for EDF Energy U.K. Power Plant

11/06/2012 00:52 Electricity Market


The Russian giant Gazprom envisages bidding for a U.K. power plant put up for sale by EDF Energy, deal which will provide the gas major with a production base in UK to complement its growing trading business.

The power plant, at Sutton Bridge in Lincolnshire, with a capacity of 819 MW, is able to supply about 800, 000 homes. Even if Gazprom is the biggest gas supplier to Europe, it delivers none to Britain. UK receives about one quarter of its oil and gas needs from Norway and the supplies could become more important following a partnership deal concluded last week. The acquisition may be controversial as Gazprom has become a powerful political and business tool in the hands of Kremlin.

Daily (19.10.2020): NBP spot reached a fresh 2020 high on Friday, due to low flows from Norway and increased demand

19/10/2020 11:05:00

Crude oil prices edged lower on Friday ahead of the OPEC+ ministers’ meeting. Furthermore, doubts about demand and the worrying pace of COVID-19 pandemic also weighed on prices. Brent crude for December delivery slipped by 0.5% to settle at $42.93 a barrel, while WTI crude traded 0.2% lower at $40.88 a barrel.


Norway’s Hammerfest LNG to reopen in January

19/10/2020 09:08:00

Norway’s Hammerfest LNG isn’t expected to resume operations this year, as operator Equinor continues to carry out an investigation into a serious incident late last month.


Total to expand Indian joint venture’s solar portfolio to 2.3GW

19/10/2020 09:05:00

The portfolio of the joint venture with Adani Group’s subsidiary AGEL will soon see the addition of new solar farms