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Daily: Europe power spot increases on approaching cold spell
Brent and U.S crude oil prices increased more than 1.0 percent to $110 a barrel on Wednesday, rebounding from a two-day decline after Israel launched an offensive against Palestinian militants in Gaza, increasing fears about tensions in the Middle East disrupting supplies.
read more... 15/11/2012
TNK-BP to be involved in $31 bln long-term gas deals
The shareholders of two generating companies controlled by billionaire Viktor Vekselberg's Integrated Energy Systems Holding (IES) - Volga TGK and TGK-9 are envisaging signing contracts in December with TNK-BP's SL Trading for gas supplies worth up to $31 billion in the period to 2030, according to statements from the power companies.
read more... 13/11/2012
Europe's long-term gas contract disputes
European energy companies faced with falling profits are turning up the pressure on long-term suppliers such as Russia and Qatar to amend long-term, oil-indexed sales of gas. Recession and market liberalisation measures by the European Commission have caused oil and gas prices to diverge, costing utilities billions. Disputes, re-negotiations and arbitration have led producers to temporarily grant discounts on gas supplies. Some have lowered prices and others have linked supplies to prices at Europe's freely traded spot gas trading hubs. Some utilities also want greater flexibility by being able to reduce supplies beyond minimum contracted levels during times of low demand. Many negotiations are still under way.
read more... 31/10/2012
Gazprom boosts gas supplies to Turkey by 50% after Iranian pipeline explosion
The Russian gas giant, Gazprom on Friday has boosted its gas exports to Turkey by 50% to 48 million cubic meters per day in order to compensate for the suspension of imports after a blast late Thursday on the Iran- Turkey gas pipeline.
read more... 22/10/2012
Daily: UK gas prices up on tight supplies
Brent crude futures declined on Thursday on the expected restart of a North Sea oilfield in weekend and pessimistic data on U.S. jobless claims.
read more... 19/10/2012