The Power of Siberia and Amur gas processing plant being developed in the Russian Amur region are “running on schedule”, Gazprom said in a statement.

“Preparations are underway for the construction of the cross-border section of the Power of Siberia gas pipeline in Russia” Gazprom said.

Gazprom, CNPC, and China Development Bank Corporation have signed agreements to widen their cooperation in the energy sector.

Global energy markets are likely to see natural gas and renewables consolidate and further expand their predominance in the energy mix to 2040, rising respectively by 49% and 78% from 2014 levels, against a progressive decline in the role of coal and oil, the International Energy Agency said.

In its latest edition of the World Energy Outlook, IEA said that “renewables and natural gas are the big winners in the race to meet energy demand growth until 2040.”

A number of environment and gas industry associations have launched a platform to promote the development of biogas in Italy, with production potentially rising to 8.5 billion cubic meters by 2030.

Many EU energy consumers are now beginning to harness the benefits of the single energy market through the decrease in energy prices, the EU Agency for the Cooperation of Energy Regulators (ACER) said.

UK's grid operator National Grid posted an adjusted operating profit of ££1.851 billion, up £15m, or 1% year on year. The period on period movement in exchange rates had a £43 million positive impact on operating profit, the company said in a statement, adding that on a constant currency basis, operating profit was down £28 m, or 1% year on year.

Italian utility A2A's net income rose 36% year on year at Eur323 million in the first nine month of 2016, the company reported.

France's Engie posted Ebitda of Eur7.689 million in the first nine month of 2016, falling by 2% year on year.

Italian utility Enel posted a net income of Eur2.757 million in the first nine month of 2016, an increase by 32% year on year.

Dong Energy posted a profit of DKK 3.3 billion in Q3 2016, DKK 2.9 billion higher year on year.
The increase was driven by higher EBITDA, lower depreciation and a DKK 1.3 billion gain from the divestment of the gas distribution grid to, the company said in a statement Monday.

Italian power grid operator Terna posted net profits of Eur486.8 million in the first nine months of 2016, up by 7% year on year.

Revenue for the first nine months of 2016 stood at Eur1,551 million, up by 2.3% year on year.

Gazprom's storage facilities have reached potential daily deliverability of 801.3 million cubic meters of natural gas, some 11.4 mcm higher year on year.

That was a “record high”, the company said in a statement on its website at the end of October.

Implementation of the Network Code on Capacity Allocation Mechanisms is progressing, although further steps are needed to promote the full implementation of the code, the agency for the cooperation of energy regulators (ACER) said.

One of the key factors that will determine the amount of gas used in power generation over future years is the cost and effectiveness of energy storage. The cheaper the storage, the more intermittent renewables will be able to be introduced to grids, and the less gas that will be required; especially in higher latitudes where solar is not available part of the year.

France's Engie has signed an agreement with Ukraine's gas transmission system operator UkrTransGaz aimed at further developing the company's presence in Ukraine's wholesale gas market.