Headlines

June 29, 2018

Impact of Nord Stream 2 and Turkstream on the Italian gas market and the importance of TAP

Powernews02 mins

Beginning of this month in Vienna has been signed an agreement to extend until 2040 the existing contract between Gazprom Export and OMV Gas Marketing & Trading for the Russian gas supplies to Austria. The current contract is valid until 2028. The Italian gas market stakeholders didn’t pay too much attention on this message.

In the last two years the European gas consumption is rising and the cold weather in Europe between end of February and beginning of March 2018 led to record daily import volumes of Gazprom at that time. Gazprom Export reported for 2nd March 2018 a daily import quantity to Europe of 713.4 million cubic metre which has never been reached before.

Why should this contract extension and in general the plans of Gazprom to bypass the Ukrainian transit route attract much more the interest of Italian stakeholders……..

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Further exits from Enoi

Powernews01 mins

[vc_row][vc_column][vc_column_text]Milan-based gas and power trader Enoi loses the head of sales. According to market source Power-News has learned that the head of sales, Rocco Raimondi, has resigned from his role. Raimondi in Enoi since 2015 had previously worked at Alpiq Italia and DXT Commodities (formerly known as Dufenergy). The exit of Raimondi if confirmed follows…

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EXCLUSIVE Further details emerge of Glennmont sale

Powernews01 mins

[vc_row][vc_column][vc_column_text]Further details have emerged on the 85 MW photovoltaic portfolio divestment of Glennmont (link news). The UK infrastructure fund is advised by Rothschild and the project code is “Project Tosca”. Currently the plants have not be refinanced and the binding offers are expected by 25th of July.[/vc_column_text][/vc_column][/vc_row]

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