Latest news
LNG suppliers flood market with excess spot cargoes as demand shrinks
Liquefied natural gas (LNG) suppliers are flooding the market with excess spot cargoes, generating fresh headwinds for prices, as demand dwindles globally because the coronavirus outbreak has disrupted industrial output and people’s movement.
read more... 30/03/2020
UK energy regulator to make suppliers pay for switching woes
British energy companies will from May 1 be forced to pay automatic compensation to customers facing problems when switching supplier, regulator Ofgem said on Wednesday.
read more... 12/02/2020
SSE to sell energy services unit to OVO Energy in 500 million pound deal
SSE Plc (SSE.L), one of Britain’s big six energy suppliers, said it had agreed to sell its energy services unit to OVO Group for 500 million pounds ($617.6 million), including debt, as it looks to focus on renewable energy and electricity networks.
read more... 13/09/2019
RO market regulator wants higher natural gas reserves, warns of uncertain imports
Romania’s energy market regulator ANRE drafted new regulations requiring natural gas producers and suppliers to build up higher reserves ahead of the cold season, quoting risks of “reduced” transfer of natural gas through Ukraine and limited capacities of the interconnectors with other states (Hungary and Bulgaria), according to a release published on August 27.
read more... 29/08/2019
Russia becomes Europe’s top LNG supplier in February
Russian deliveries of liquefied natural gas (LNG) to Europe have reached record levels in February taking the top spot among suppliers.
read more... 04/03/2019