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

11/06/2012 00:52 Electricity Market

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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.

UK gas tariff changes add to 1Q21 uncertainty

26/11/2020 08:38:00

Looming and as-yet unquantified changes to UK gas transmission capacity charges expected early next year have reduced the visibility of the cost of moving gas in and out of the UK.

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Russian oil giant announces start of vast Arctic project

26/11/2020 08:32:00

He thanked Putin, with whom he has close relations, for the adoption of a law facilitating Russian investments in the Arctic

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Daily (25.11.2020): Oil futures surged to 9-month high on Monday amid strong optimism on coronavirus vaccine, transition to Biden presidency

25/11/2020 09:51:00

Crude oil futures climbed to fresh multi-month highs on Tuesday as optimism arising from potential coronavirus vaccines overshadows inventory build-up in the US. The beginning of transition of power in the White House added further support to WTI. Hence, Brent crude surged by $1.80, or 3.9%, to close at $47.86 per barrel. Meanwhile, U.S.WTI crude soared by $1.85, or 4.3%, to finish at $44.91 per barrel. Both contracts reached their highest settlements since March, even returning to levels before the outbreak of the coronavirus pandemic.

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