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Spain's Gas Natural Cheered by LNG Deal
Spanish Gas Natural’s net profit fell by 15% year on year to €550mn ($640mn) in first half 2017, it said July 26, but it had good news regarding an LNG deal. GN’s…
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Price Revision Lifts Iberdrola
Power-oriented Spanish utility Iberdrola said July 20 that its 1H 2017 profit rose by 4.2% year on year to €1.52bn ($1.75bn), of which 11% was from cheaper gas. It said the&nb…
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Enagas Profits Buoyed by Chile, Despite Peru
Spanish gas grid owner-operator Enagas’s 1H profits increased by a quarter year on year, despite problems in Peru. Excluding proceeds from Enagas’s part sale of…
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UK Fund Boosts Spanish Gas Stake
Goldman Sachs was cleared July 14 by the European Commission to farm down its stake in third-largest Spanish gas distributor Redexis Gas. The commission said it had cleared a …
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Strong Iberian LNG Bunker Market Forecast by 2030
Norway's DNV GL forecasts strong potential future demand for LNG as a ship fuel in Iberia thanks partly to the cap on sulphur emissions from shipping; but there will need…
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LNG: The Caspian's Alternative Route to Market
Azerbaijan could become a gas hub in a Caspian and has opportunities for developing LNG projects according to Claudio Steuer (pictured below), founder, and director of SyEnergy,…
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Repsol, Gazprom Neft Step Up Siberia Cooperation
The CEOs of Spain's Repsol and Gazprom Neft signed a memo of understanding in Madrid July 7 to increase their collaboration in West Siberia and jointly explore its mostly-oil…
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EDP Denies Merger Talks
Portuguese utility Energias de Portugal (EDP) issued a stock market filing July 4 denying reports of talks of a tie-up with Spain's Gas Natural. "Following the news published…
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Swedegas to Invest in LNG Bunkering
Swedish gas grid operator Swedegas said July 3 it will invest in Gothenburg's first LNG bunkering facility which it expects to be fully operational in 2018. It is being built in…
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Wartsila To Power Indonesian Peaking Unit
Indonesian state power utility PLN has appointed a consortium of local construction firm PT Wika and Spanish contractor TSK Electronica Y Electricidad to build the Sumbagut-2…
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Repsol, Bolivia Finalise Acreage Deal
Bolivian president Evo Morales and Repsol president Antonio Brufau met June 8 in Brussels to finalise an agreement enabling the company to explore a new block in southern Bolivia&n…
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Repsol, Sonatrach Renew Vows: Report
Algerian state Sonatrach and Spain’s Repsol signed an agreement June 5 to “consolidate their existing partnership,” according to a statement reported by state…
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Energean Signs Large Greek Lease
Greek upstream independent Energean Oil & Gas said May 25 it has signed a lease agreement with the Greek government for the 4,360-km² Aitoloakarnania block onshore…
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Iran to Sign Firm Contract with Tubacex May 24
Iran will sign a contract worth $550mn with Spanish Tubacex May 24 to produce corrosion-resistant alloy (CRA) pipelines, needed for South Pars. This will be the first agreement…
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Algeria's Boutarfa in Spain for Talks
Algerian energy minister Noureddine Boutarfa was in Madrid on May 15-16 for talks with key Spanish officials and companies. Boutarfa's office said he met senior executives from&nb…
