01/26/2012 | Energy Policy and Tariffs |
On Jan. 20, the council of ministers approved the legislative decree on liberalization. While awaiting its official publication and examination by parliament, we are synthesizing the main points affecting the energy business, based on the draft decree approved by the council of ministers, to which S ...
01/26/2012 | Oil Market |
During this week, protests and blockades organized by transport drivers have rapidly spread across the country, but now it seems that the situation is normalizing. Sicily's refineries have returned to normal and elsewhere the police are escorting tankers to enable the supply of service stations.
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01/26/2012 | Oil Market |
The Jan. 18 Gazzetta Ufficiale n. 14 includes the Economic Development Ministry's communication on reestablishing the levels of obligatory reserves of oil products. On Nov. 7, 2011, the Economic Development Ministry emanated a decree to that effect, to be executed from April 1, 2012. The June 28, 2 ...
01/26/2012 | Natural Gas - Lng - Lpg |
A consultation with market operators has demonstrated that there is a “strong interest” in construction of the Austria-Italia Tauerngasleitung (Tgl) natural gas pipeline and for its extension to Germany, projects on standby in the past few years because of a lack of interest
(see SN n. 46 2009). A Tgl statement says that the partners have now decided to proceed with the projec ...
01/26/2012 | Exploration & Production |
Eni has announced that it has been awarded a new exploration license (PL657) in the Barents Sea, located just east of the Goliat Field, also operated by Eni. The license has been awarded by the Norwegian Ministry of Petroleum and Energy as part of the 2011 APA ("Awards in Predefined Area") to the Jo ...
In December, Saipem was awarded by Sabic affiliate Safco (Saudi Arabian Fertilizer Company), a lump sum turnkey contract for the project “Safco V” in Saudi Arabia. The contract entails the fifth expansion of the industrial complex of Al-Jubail through development of a new urea plant located approxim ...
01/26/2012 | Natural Gas - Lng - Lpg |
In recent weeks, Gazprom has accepted “some adjustments” in the prices of the natural gas it supplies to Gdf Suez on the basis of long-term contracts, as well as to German company Wintershall, the Slovakian one SPP, Italy's Sinergie Italiane and Austria's Ecogaz. The announcement came from Gazprom d ...
01/26/2012 | Natural Gas - Lng - Lpg |
Fluxys, the Belgian natural gas pipeline operator which recently bought Eni's stake in the company managing the Swiss pipeline Transitgas, has reached an agreement with the Global Infrastructure Partners (Gip) investment fund for the sale to the latter of a 44.9% stake in the subsidiary Fluxys Switz ...
Eni Ceo Paolo Scaroni has stated that he is ready to sell Eni's stake in Snam, but that he is waiting for the decisions of the government concerning proprietary separation. “The provisions of the government are going well and in the direction that we have announced for getting out of the regulated b ...
01/26/2012 | Energy Policy and Tariffs |
During Mario Monti's state visit to Libya, the Italian premier and his Libyan counterpart, Abdurrahim El Keib, signed a new declaration which lays foundations for relations between the countries now that the civil war is over. The “Tripoli Declaration” reflects a “new vision of bilateral and multila ...
01/26/2012 | Natural Gas - Lng - Lpg |
Eni and Repsol have decided to give up their project of exploring for gas in the area of Saudi Arabia called Empty Quarter, according to a Reuters report which cites two sources close to the joint venture with Saudi Aramco. In 2003-2004, the state company had invited international energy firms to l ...
Edison's board has approved the preliminary agreement for the sale of its Edipower stake to Delmi and a natural gas supply contract for the latter company from Edison. The board approved the agreement. It will be executed by the deadline of Feb. 15. The sale of the Edipower stake, a company statemen ...
Egl Italy has announced that their fiscal year ending Sept. 30, 2011, showed a turnover of 5.01bn euros (+7.1%), income before taxes and extraordinary items reported 28.6mn euros (-55.7%), with a profit of 17.7mn euros (-52.2%). A company statement notes that this result was “achieved in a particula ...
01/26/2012 | Natural Gas - Lng - Lpg |
Trans Austria Gasleitung, a company controlled by the Cassa depositi e prestiti and Omv which manages the gas pipeline bringing Italy Russian gas through Austria, has set up a method for assigning interruptible capacity on a daily basis from the Slovakian border to the Italian one. This method was d ...
01/26/2012 | What’s Going On |
The council of ministers has entrusted Leonardo Senni with the task of heading the Economic Development Ministry's energy department. As was reported here
(see SN n. 3 2012), the name of Senni, McKinsey partner for energy and utilities, had circulated for several days as a replacement for Guido Bortoni, who has become chairman of the Energy Authority. The cabinet also confirm ...