Markets

Gas-to-power demand from France's 13 CCGT plants reached 495 GWh on January 25 amid a spell of cold weather affecting the country, French gas grid operator GRTgaz said.

European electricity markets have seen the shift from coal generation to gas generation gaining momentum in 2016, with the transition representing one of the biggest trends seen over the year, according to a recent joint study published by UK and German consultancies.

A number of European electricity transmission system operators (TSO) have agreed on steps to further strengthen cooperation in order to optimise electricity exchange capacity between different grids.

Russia's gas exports to Europe hit a “record” level in 2016, rising by 12.5% year on year to around 180 billion cubic meters, according to Gazprom's CEO Alexei Miller.

Having a strong gas network in place is key in ensuring a full transition to a low-carbon energy, according to gas industry association Eurogas.

Mitsubishi Heavy Industries has established a specialised oil & gas division within Mitsubishi Heavy Industries America, its Houston-based US subsidiary.

The new energy strategy of Poland should focus on the transition to a cleaner energy mix as well as on improving the country's energy security, the International Energy Agency (IEA) said in its latest country review of Poland.

Demand for natural gas in Spain reached a new record on January 19, rising to 1,589.19 GWh on the back of the ongoing cold snap that is affecting the country.

Ukraine cutting its gas ties with Russia is becoming a reality, which in the coming years might lead to a radical change in scenario for energy trading between the two countries and with Europe, the most recent issue of the quarterly Oxford Energy Forum publication by the Oxford Institute for Energy Studies (OIES) argued.

Natural gas demand in Spain reached its highest since 2012 on January 18, standing at 1,502 GWh, gas grid operator Enagas said.

Dong Energy expects to sell all its oil and gas activities by the end of 2017, with the oil and gas business due to appear as “discontinuing operations” in the company's financial statement for full-year 2016, the company said in a statement on January 19.

Engie and GRTgaz have signed a preliminary memorandum of understanding for the acquisition of Engie's LNG subsidiary Elengy by GRTgaz.
Engie owns 75% of shares in GRTgaz, the French natural gas transmission operator, along with SIG (25%).

The share of electricity generated from gas-fired power plants sold on the Italian day-ahead regulated electricity market rose 5.7% year on year over 2016, standing at 44.1% of total sales, up from 38.4% the previous year, exchange manager Gestore Mercati Energetici (GME) said in its monthly report.

Natural gas demand in Spain posted a growth of 2% year on year in 2016, standing at 321 Twh, Spanish grid operator Enagas reported.

Norwegian gas exports reached a new record in 2016, standing at 108.56 billion standard cubic meters delivered to Germany, Belgium, France and the UK, according to Norway's transmission system operator Gassco.