Belgian gas transmission system operator Fluxys and energy exchange APX-ENDEX today announce their cooperation in developing the new Zeebrugge Trading Point which will be created when Fluxys switches to a new Entry/Exit model for its transmission grid by the end of 2012. APX-ENDEX will provide the e
On January 30, 2012, Jacques de Boisséson has been appointed General Director of Total E&P Russie and General Representative of Total in Russia. He succeeds Pierre Nerguararian who left his operational responsibilities after a career of 32 years within the Group. Mr. de Boisséson was the General Rep
Enagás reported full year 2011 net profit of €364.6Mn, a 9.3% increase on the €333.5Mn reported in 2010. EBITDA totalled €885.5Mn at 31 December 2011, 13.4% higher than the previous year’s figure of €780.8Mn. “This earnings performance was due mainly to the Company’s efforts to improve efficiency an
BP said today that it intends to sell its LPG bottles and tank filling operations in Portugal, UK, Austria, Poland, Netherlands, Belgium, Turkey, China and South Africa, as well as its non refinery-integrated wholesale business. Also included in the sale are LPG storage terminals, bottle filling pla
Conventional demand for natural gas set a new all-time record for a second consecutive day on Friday, of 1,249 GWh, mainly because of the low temperatures in Spain, according to Enagás . This figures surpasses the record of 1,208 GWh set the previous day and is 6% higher than last winter’s peak of 1
BP today released its fourth quarter and full-year 2011 results. Highlights: BP’s fourth-quarter replacement cost profit was $7,606 million, compared with $4,614 million a year ago. For the full year, replacement cost profit was $23,900 million compared with a loss of $4,914 million a year ago. Re
The Board of Directors approved Gazprom’s efforts being taken to develop trade, transport and investment cooperation in the gas sector between Russia and the Republic of Belarus. The Management Committee was tasked to continue its efforts within the intergovernmental agreements signed on November 25
Belgium’s Zeebrugge liquefied natural gas terminal is expected to receive a cargo of LNG today, according to shipping data. The Al Shamal LNG tanker, with a capacity of 217,000 cbm, is sailing from Ras Laffan, Qatar. The Zeebrugge terminal is operated by Fluxys LNG and has an annual throughput capac
Trans Adriatic Pipeline (TAP) issued today a statement regarding the current gas supply shortfalls in Europe. “The extreme cold weather that Europe is presently facing has boosted gas demand, putting energy supplies under strain. In the past couple of days Russian gas supplies to Europe have fallen
Natural gas consumption in Belgium Thursday set a new record of 1131 GWh, beating out the previous record set on 8 January 2010 by more than 5%, according to Fluxys. It was also two thirds more than consumption last Thursday, an average weekday in winter. This means that on 2 February the Fluxys gri
Israel’s Delek yesterday said that it has discovered natural gas after drilling offshore the country’s Mediterranean coast. “Tanin #1 exploration well reached target and the partnerships have concluded that strong signs of natural gas were discovered, based on tests carried out during drilling by th
Golar LNG Partners LP said today that its board of directors has declared a quarterly cash distribution with respect to the quarter ended December 31, 2011 of $0.43 per unit. This represents an increase of $0.03 per unit or 7.5 percent from the previous quarter. It also represents an 11.7 percent in
ExxonMobil Exploration and Production Romania and OMV Petrom, said on Friday that natural gas has been encountered in Domino‐1, the first deepwater exploration well in the Romanian sector of the Black Sea. “This is encouraging, but it is too early in the data evaluation and exploration process to sp
Leonid Chugunov, Head of the Gazprom Project Management Department held negotiations in the Republic of Montenegro with Igor Luksic, Prime Minister of the Republic, Milan Rocen, Minister of Foreign Affairs and European Integration and Vladimir Kavaric, Minister of Economy. The parties addressed tech
