Gas/LNG
CFTC to regulate ICE natural gas contract as SPDC
The Commodity Futures Trading Commission (CFTC) has imposed new regulatory and reporting requirements on a natural gas contract traded on the IntercontinentalExchange.
Nexen considers sale of marketing businesses
Nexen may sell all or part of its natural gas and power marketing businesses as part of a strategic review announced just over a week after it reported a drop in quarter two earnings.
Nabucco pipeline construction deal agreed
Five transit countries have signed an agreement to construct the €8 billion, 3300 km Nabucco natural gas pipeline.
National Grid secures £360 million loan for UK gas distribution upgrade
The European Investment Bank (EIB) has signed a loan of £360 million ($590 million) to National Grid to support the company's investment programme for the upgrade and extension of its four gas distribution networks in the UK.
CME launches clearing services for physical NGL contracts
CME has announced the launch of clearing services for six new physically delivered natural gas liquids (NGL) futures contracts.
BG Group buys into US shale
US oil and natural gas company Exco has signed an agreement with UK-based BG Group to jointly develop its Haynesville shale gas assets.
EEX to launch intraday nat gas auction
European Energy Exchange (EEX) will launch an intra-day auction on the German spot market for natural gas on July 15 2009.
New Austrian natural gas exchange to clear through ECC
European Commodity Clearing (ECC) is to offer clearing services for a new natural gas exchange at Austria's Central European Gas Hub (CEGH), hosted by Vienna Stock Exchange.
SuperDerivatives partners with Athena
Derivatives technology provider SuperDerivatives has partnered with Canadian natural gas company Athena Energy Marketing (AEM) in an effort to increase market transparency.
Russia and the EU Gas Market
Russia is the world's largest exporter of natural gas and holds the largest reserves. With Europe increasingly dependent on Russia for future gas supplies, Eric Fishhaut of GlobaView looks at Russia's influence over gas supply and demand
New LNG reporting tool launched
A new daily gas flow and LNG vessel movement reporting service for energy traders and analysts has been launched by shipping information specialists Lloyd's Register-Fairplay and energy trading software company Innovez.
EOXLive platform offers OTC nat gas swaps and swap spreads
EOX Holdings has added OTC fixed natural gas price swaps and swap spreads to its EOXLive trading platform. EOX Holdings is owned by independent interdealer broker OTC Global Holdings (OTCGH), which uses the platform.
Shale gas production could reduce Europe's dependence on Russia
Rising shale gas production in the US and Canada as well as potential natural gas supplies from Iraq could reduce European energy dependence on Russia, according to a new study released today by Rice University's Baker Institute for Public Policy.
Is the UK facing a gas storage crisis?
Low storage levels and growing import dependency provoke concern, but some commentators believe the market will sort out any future supply problems, as Rachel Morison reports
OTCGH launches NGL and product options brokerage
OTC Global Holdings (OTCGH), an independent over-the-counter (OTC) interdealer broker, has announced the formation of Ion Energy Group, a natural gas liquids and product options brokerage.
Constellation completes sale of trading units
Constellation Energy this week completed the divestiture of its Houston-Based downstream natural gas and international coal and freight business units.
Centrica invests in 60 bcf gas storage facility
British utility Centrica will develop the UK's second largest gas storage facility through the acquisition of a controlling interest in the Baird gas field project in the southern North Sea.
Nymex to list Henry Hub financial last day options
CME Group is to list Henry Hub natural gas financial last day options on its subsidiary New York Mercantile Exchange (Nymex). The options are scheduled to begin trading on February 22 for trade date February 23.
LNG buyer, beware
LNG aggregators are becoming increasingly active in LNG markets but buyers need to be aware of key issues during purchase negotiations with them, write Susan Farmer and Ben Smith of Fulbright & Jaworski
Macquarie buys Constellation’s downstream gas business
Macquarie Group has announced that it is buying Constellation Energy's Houston-based downstream natural gas trading operations for an undisclosed fee.