Enel, Italy's largest utility by market share, said today it will profit from the new Italian rate system for electricity distribution and metering services. "The new regulatory framework will generate a slight increase in 2012 rate revenues compared with 2011 levels," Enel said referring to preliminary earnings estimates.
Indonesia's state electricity company PT Perusahaan Listrik Negara (PTLN) is forging ahead with plans to increase LNG imports as a fuel for gas-fired power generation with the aim of denting the country's energy hunger. Nur Pamudji, PTLN's recently appointed president director, said a milestones in 2012 would be that "for the first time, we are going to utilize (LNG) in our electricity system".
The Council of European Energy Regulators (CEER), ENTSO-E and seven other European energy associations have issued a joint statement on how to prevent Value Added Tax (VAT) fraud in the gas and electricity sector today. It is a plea for stronger cooperation and more pro-active support from policy makers, law-enforcement agencies, tax investigators and financial intelligence units "to join our efforts to mitigate the threat of VAT-fraud".
David Cameron, the UK Prime Minister, has highlighted the vital role of natural gas for the British economy today, in a statement timed to coincide with a new gas supply contract between Centrica and Statoil over 5 Bcm/year in the period between 2015 and 2025.
"Today's agreement will help to ensure the continued security and competitiveness of gas supplies to Britain, from a trusted and reliable neighbour," UK Prime Minister David Cameron said.
Germany's E.ON and the Russian gas incumbent Gazprom are at loggerheads over the terms of gas supply. Arbitration proceeding on contract terms of oil-indexed long-term gas supply are still ongoing. "We can confirm that we have instituted arbitration proceedings in connection with our supply relationship with Gazprom," E.ON spokesman Sebastian Heindrichs told Gas-to-Power Journal.
The World Energy Council (WEC) has published its 2011 assessment of country energy and climate policies, including the annual global "Energy Sustainability Index". WEC urges policymakers to address the "Energy Trilemma" – a triple whammy of Energy Security, Social Equity and Environmental Impact Mitigation.