Spanish utility Gas Natural declared that it expects its acquisition of Union Fenosa to generate an extra 200 $283.2 millionof capital expenditure savings. For full story, click here
French utility GDF Suez SA declared that it has proposed a number of commitments to European Union regulators designed to boost competition in its home natural gas market. For full story, click here
While the Krishna-Godavari basin located in Andhra Pradesh got a special mention in the Union Budget 2009, the State may actually stand to lose even as the Central Government proposes to set up a National Gas Grid to facilitate transportation of gas from the basin to various power and fertilizer units across the country. For [...]
Ukrainian Journal quoted Naftogaz Ukrayiny declared Ukraine and the European Union jointly work on a solution to purchase USD 4.2 billion worth of natural gas to fill Ukrainian underground gas tanks to secure steady gas transit to Europe. For full story, click here
Union Gas Ltd. will slash its residential natural gas rates on July 1. The company declared residential customers can expect a further 15-to-20 per cent dip in their annual natural gas bill. For full story, click here
Gazprom has urged the European Union to delve into the causes of January’s gas dispute between Russia and Ukraine that left millions of EU consumers short of gas. Alexander Medvedev, Gazprom’s deputy chairman, said: A transit blackmailer, who blackmails both Russia and Europe at the same time, is not the best possible candidate for EU [...]
By Duncan Sutherland – Exclusive to Gas Investing News Post-Ike news In the wake of Hurricane Ike, a steady flow of updates on production, refining and transportation infrastructure has been forthcoming. Overall, it seems the storm was relatively gentle to energy companies, reserving its wrath for the population centres of the Texas Gulf Coast. Natural [...]
Barcelona based Gas Natural reported in a regulatory filing that it was trying to buy a controlling stake Madrid based Union Fenosa. This is the company’s third attempt to acquire another Spanish energy company. For full story, click here
Thursday, July 30, 2009