National Balancing Point

Type: Keyphrase
Name: National Balancing Point
First reported Sep 18 2014 - Updated Sep 19 2014 - 2 reports

Poland Plans Gas Hub to Kill Reliance on Russian Energy

Valves and pipelines are pictured at the Gaz-System gas distribution station in Gustorzyn, central Poland.Poland is taking steps towards creating a gas trading and transit hub in Central and Eastern Europe aimed at accomplishing what much of the region ... [Published Moscow Times - Sep 19 2014]
First reported Sep 16 2014 - Updated Sep 16 2014 - 1 reports

INTERVIEW: Clear switch to gas trading on exchanges

(Montel) With volumes of gas traded via Anglo-Dutch Ice Endex on the UK’s NBP hub surpassing those at brokers in August, the exchange expects the Dutch TTF hub to follow the same pattern.For many years the UK gas market was dominated by OTC trading. However, ... [Published Montel - Sep 16 2014]
First reported Sep 12 2014 - Updated Sep 12 2014 - 1 reports

Britain loses Europe's gas trading crown to the Netherlands

* UK gas trading volumes below Dutch for last three months * Dutch positioned between N.Sea production and top user Germany * Euro currency helps Dutch hub appeal By Henning Gloystein LONDON, Sept 12 (Reuters) - Britain has been topped by the Netherlands ... [Published Sharenet - Sep 12 2014]
First reported Sep 09 2014 - Updated Sep 09 2014 - 1 reports

As Europe braces for Russian gas cuts, some traders bet on peace

* Some expect Russian supply disruption over Ukraine crisis * Utilities have prepared for cut by stocking gas * Europe has over 15 pct of annual demand in stock * But other traders bet on price falls if Russia keeps exporting * Lack of cutoff may depress ... [Published Sharenet - Sep 09 2014]
First reported Sep 09 2014 - Updated Sep 09 2014 - 1 reports

As Europe braces for Russian gas cuts, some traders bet on peace

MILAN/LONDON - As the conflict in Ukraine heads towards the winter, Europe's politicians are braced for supply disruptions from its biggest provider, Russia, yet some energy traders sense an opportunity if peace prevails and the gas keeps flowing.Russia ... [Published Today Online - Sep 09 2014]
First reported Sep 09 2014 - Updated Sep 09 2014 - 1 reports

UK gas stocks in short/medium-range facilities hits record high: data

Natural gas held in UK short and medium-range storage facilities hit arecord high of 1.142 billion cubic meters on Monday, according to datareleased Tuesday by National Grid.Stocks in short- and medium-range facilities climbed above theprevious high of ... [Published Platts - Sep 09 2014]
First reported Aug 29 2014 - Updated Aug 30 2014 - 2 reports

Statoil Has Capitalized On Russian Sanctions With Lithuanian LNG Deal

Summary Sanctions on Russia have pressed Vilnius into action as STO has entered the Lithuanian natural gas arena. STO would be delivering 540 million cubic meters worth of gas to the LNG terminal in Klaipėda every year. The current oil and gas production ... [Published Seeking Alpha - Aug 30 2014]
First reported Aug 25 2014 - Updated Aug 25 2014 - 1 reports

Statoil signs agreement to supply LNG to Lithuania

Norway's Statoil has signed an agreement to supply liquefied natural gas (LNG) to Lithuania, in an effort to cut the nation’s dependence on RussiaUnder the $1bn contract, Statoil will supply 0.54 billion cubic metres (bcm) of gas from 2015, which is enough ... [Published Energy Business Review - Aug 25 2014]
First reported Aug 24 2014 - Updated Aug 24 2014 - 1 reports

The game’s up for natural gas

The problem with India’s energy policy is that it’s driven by an outmoded agenda. A true example of this phenomenon is the controversy on pricing of natural gas. India is not powered by gas. It should not be. We have limited gas resources but we have ... [Published Hindu Business Line - Aug 24 2014]
First reported Aug 23 2014 - Updated Aug 23 2014 - 1 reports

Seven Deadly Sins Of Pricing Formula

Having questioned the Rangarajan Committee’s gas pricing formula and the UPA’s stand on the issue through five op-eds in leading dailies, I am encouraged by the NDA government’s decision to review the matter.  It is unlikely that the high-calibre panel ... [Published Businessworld India - Aug 23 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 2 reports

LNG to Klaipeda Port

Starting in 2015, Statoil will be supplying an annual volume of 540 million cubic meters of natural gas (approx. 950 thousand cubic meters of LNG) to ensure continuous operations of the Klaipėda LNG terminal. LITGAS has an obligation to ensure this supply ... [Published Turkish Maritime - Aug 22 2014]
First reported Aug 21 2014 - Updated Aug 22 2014 - 6 reports

Lithuania signs 5-year LNG supply deal with Statoil

NaujienaSkaityti komentarus (0)© Reuters/Scanpix(BNS) Litgas, the gas trading arm of the state energy holding company Lietuvos Energija (Lithuanian Energy), and Norway's Statoil signed a five-year liquefied natural gas (LNG) supply deal preliminary valued ... [Published Lithuanian Radio and TV - Aug 22 2014]

Quotes

...is clearly seeking to become a regional hub for Central and Eastern Europe," Oliver Sanderson, an analyst at Thomson Reuters Point Carbon, said. "Whether this becomes a reality will depend heavily on the diversification of gas sources transiting the country."
"If it's going to be a normal winter I don't expect problems even in the case of a short Ukrainian transit cut, the system should be able to cope with it from a physical (supply) perspective" he said
Reuters cited Lithuania Prime Minister Algirdas Butkevicius as saying at a news conference: "For the first time in Lithuania's history we will have an alternative source of natural gas supply."
"Speaking about the price and the pricing principle, prices in most contracts in the world are not fixed. They are tied to a certain formula. In this case, to Britain's gas index. The price of imported gas will correlate with the European Union. If we look at the index's movement in the past four months, then the price is between 900 and 1,000 litas per 1,000 cubic meters" Tuckus said at the same news conference

More Content

All (43) | News (37) | Reports (0) | Blogs (6) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
Poland Plans Gas Hub to Kill Reliance on Russia... [Published Moscow Times - Sep 19 2014]
Poland sets sights on gas hub to loosen Russia'... [Published Sharenet - Sep 18 2014]
INTERVIEW: Clear switch to gas trading on excha... [Published Montel - Sep 16 2014]
Britain loses Europe's gas trading crown to the... [Published Sharenet - Sep 12 2014]
3 Reasons Total SA's Stock Could Rise [Published Motley Fool Discussion Boards - Sep 10 2014]
As Europe braces for Russian gas cuts, some tra... [Published Today Online - Sep 09 2014]
As Europe braces for Russian gas cuts, some tra... [Published Sharenet - Sep 09 2014]
UK gas stocks in short/medium-range facilities ... [Published Platts - Sep 09 2014]
LITGAS, Statoil sign LNG supply contract [Published LNG Industry - Sep 09 2014]
Analysis: Gas Supplies to Lithuania Begin to be... [Published Natural Gas Europe - Sep 06 2014]
Statoil Has Capitalized On Russian Sanctions Wi... [Published Seeking Alpha - Aug 30 2014]
LITGAS to develop Statoil LNG activities [Published GreenPort - Aug 29 2014]
Statoil signs agreement to supply LNG to Lithuania [Published Energy Business Review - Aug 25 2014]
Week 34 Overview [Published Natural Gas Europe - Aug 24 2014]
The game’s up for natural gas [Published Hindu Business Line - Aug 24 2014]
ONGC's domestic production of natural gas falls... [Published Steel Guru - Aug 24 2014]
Seven Deadly Sins Of Pricing Formula [Published Businessworld India - Aug 23 2014]
LNG to Klaipeda Port [Published Turkish Maritime - Aug 22 2014]
Lithuania to get gas from Norway [Published Energy Live News - Aug 22 2014]
Production Performance Oil & Natural Gas Sector... [Published Noodls - Aug 22 2014]
Lithuania signs 5-year LNG supply deal with Sta... [Published Lithuanian Radio and TV - Aug 22 2014]
Lithuania Signs Contract with Statoil, Applies ... [Published Natural Gas Europe - Aug 21 2014]
Statoil to Deliver LNG to Klaipeda Port [Published World Maritime News - Aug 21 2014]
Lithuania Inks First Statoil LNG Deal [Published Marine Link - Aug 21 2014]
UAB LITGAS (Lituania) signs LNG supply contract... [Published Portnews - Aug 21 2014]
Lithuania signs LNG import deal with Statoil [Published LNG World News - Aug 21 2014]
UK gas stocks above 4.7 Bcm for first time this... [Published Platts - Aug 19 2014]
Wind Slowdown Pushes U.K. Natural Gas to Two-Mo... [Published Bloomberg - Aug 15 2014]
Platts: U.K., European Natural Gas Prices Conti... [Published HispanicBusiness.com - Aug 14 2014]
Energy Quote of the Day: "Whatever Difficulties... [Published The Energy Collective - Aug 12 2014]
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U.K. Gas Pares Record Weekly Gain Amid Ukraine ... [Published Bloomberg via Google News - Jul 18 2014]
U.K. Gas Pares Record Weekly Gain Amid Ukraine Concern Bloomberg The August contract in the U.K., Europe's biggest market, declined 2.3percent on the National Balancing Point hub after rising 6.9 percent yesterday, its biggest gain since April 7, ...
U.K. Gas Rises to 2-Week High as Tensions Escal... [Published Bloomberg via Google News - Apr 14 2014]
U.K. Gas Rises to 2-Week High as Tensions Escalate in Ukraine Bloomberg Day-ahead gas on the National Balancing Point advanced 1.4 percent to 52.7 pence a therm, according to broker data compiled by Bloomberg . The same-day contract fell 1.7 percent ...
ICE U.K. NBP Natural Gas Futures Set Daily Volu... [Published EON Business - Mar 04 2014]
LONDON--(EON: Enhanced Online News)--IntercontinentalExchange (NYSE:ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced today that ICE U.K. National Balancing Point (NBP) Natural ...
ICE U.K. NBP Natural Gas Futures Set Daily Volu... [Published EON Communications - Mar 04 2014]
LONDON--(EON: Enhanced Online News)--IntercontinentalExchange (NYSE:ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced today that ICE U.K. National Balancing Point (NBP) Natural ...
ICE U.K. NBP Natural Gas Futures Set Daily Volu... [Published Business Wire Professional Services News - Mar 04 2014]
LONDON--(BUSINESS WIRE)--IntercontinentalExchange (NYSE:ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced today that ICE U.K. National Balancing Point (NBP) Natural Gas futures ...
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