UK gas supply shortage eases

National Grid has withdrawn its gas shortage warning issued yesterday following an increase in supply. It had issued the warning, saying it may not have enough supply to meet demand as a result of the cold snap. The grid operator is currently not expecting to issue another warning today following the withdrawal at 4.45am this […]

New EU rules to prevent gas supply crises

The European Parliament has approved new co-operation rules aimed at preventing potential gas supply crises. An EU country facing an emergency gas shortage will be able to alert another member state and trigger cross-border assistance. Improvements to the rules include the introduction of a solidarity principle, closer regional co-operation and greater transparency. Miguel Arias Cañete, […]

Draft EU rules to prevent gas supply crises agreed

The European Parliament and Council have reached an informal agreement on new regulations which aim to prevent gas supply crises. Under the rules, an EU country facing an emergency gas shortage will be able to alert another member state and trigger cross-border assistance. The draft agreement establishes four “risk groups” of member states to serve […]

Gazprom to secure gas supplies for Armenia this winter

Gazprom has announced it will be securing “reliable” gas suppliers to consumers in Armenia this winter. Gas reserves accumulation continues at the Abovyanskoye underground gas storage facility with the purpose of easing peak loads. The news comes as Alexey Miller, Chairman of the Russian company’s Management Committee met with Armenian Prime Minister Karen Karapetyan last […]

Ukraine granted $300m loan for winter gas

A $300 million (£198m) loan for Ukraine to buy gas for this winter has been approved. The European Bank for Reconstruction and Development (EBRD) said the cash will be used by state-run energy company Naftogaz to buy natural gas to store for the winter period. It follows the announcement Ukraine plans to resume fuel purchases […]

Russia, Ukraine, EU agree on winter gas supply

Russia has agreed to resume gas supplies to Ukraine this winter under a deal set with the European Commission. The agreement on the terms of gas delivery from 1st October to end of March 2016 follows months of negotiation. Ukraine had stopped buying natural gas from Russia in July this year after ministers from Kiev […]

EU takes Romania to court over gas supply rules

The European Commission is referring Romania to the EU Court of Justice for failing to adopt an emergency plan in case of gas supply disruptions. The Security of Gas Supply Regulation aims to ensure countries in the EU are well prepared to deal with possible supply disturbance. The COmmission said Member States had to adopt […]

Russia and Ukraine reach winter gas deal

Russia, Ukraine and the European Commission have signed an agreement that will see Moscow resume vital supplies to Ukraine this winter. The $4.6 billion (£2.9bn) “winter package”, which covers the period from now until the end of March 2015, will also ensure gas supplies to EU nations via Ukraine are secure. José Manuel Barroso, President […]

Good Energy doubles gas customers in a year

Small British power supplier Good Energy has nearly doubled its domestic gas customers in a year. From 11,000 gas customers last June, this jumped to 20,000 by June 2014. Electricity customers also rose by a third (35%) from 34,000 to 46,000 over the year to June 2014. The company which markets itself on “green” electricity […]

SSE profits rise 9.6%

Scottish supplier SSE’s overall profits before tax rose 9.6% to £1,551.1 million last year. The company put this down “mainly” to cash made back after investing in drilling for gas and major network upgrades. Last winter it bumped up prices by 8.2%. Sales from its wholesale gas business rose by 24.8%, the bulk of which […]