Energy Risk
EU officials move to settle Russia / Ukraine gas dispute
The European Union today moved to end the impasse in negotiations between Ukraine and Russia to resolve a natural gas supply dispute.
Merrill Lynch sues Reliant over credit facility
Merrill Lynch has filed a suit with the New York Supreme Court claiming Houston-based Reliant Energy defaulted when it cancelled a $300m credit agreement on 5 December 2008.
JP Morgan buys UBS’ Canadian energy and ags businesses
UBS is to sell its Canadian energy and global agricultural commodities businesses to JP Morgan, it has announced.
PXE to launch Hungarian electricity futures
Prague Energy Exchange (PXE) has announced that it will trade electricity futures based on power generated in Hungary from March 1, 2009.
Atel and EOS finalise merger
Swiss energy companies Atel and EOS have finalized details of a merger which will form a new company called Alpiq, based in Neuchâtel.
RGGI allowances reach $3.38 clearing price
Regional Greenhouse Gas Initiative (RGGI) allowances sold at a clearing price of $3.38 at the scheme's second pre-compliance auction on 17 December 2008.
RWE Innogy to build 960MW offshore wind farm
RWE plans to invest $2.8 billion in its first German offshore wind farm following the acquisition of project company ENOVA Energieanlagen, part of the ENOVA Group.
E.ON sells 2200MW of generation, enters Belgium
German utility E.ON has announced that it will sell over 2200 MW of generation capacity from German power stations to Electrabel and EnBW. The move comes after E.ON reached agreement with the European Commission to promote competition in Germany's power…
Growth in US oil consumption to slow significantly
The latest Annual Energy Outlook (AEO) from the Energy Information Administration (EIA) has forecast virtually no growth in 2009 US oil consumption for the first time in more than 20 years.
ICE Clear US to clear agricultural swaps
Intercontinental Exchange (ICE) has announced that ICE Clear US will clear sugar, coffee and cocoa swap contracts on ICE Futures US from late January 2009.
Electronic OTC commodities platform launched
Agora-X has launched an electronic communications network (ECN) for the negotiation of over-the-counter (OTC) transactions in commodity and derivative contracts.
Australia to start carbon trading in 2010
Australia's carbon trading scheme will be up and running by the middle of 2010, according to a statement made by the Australian government minister for climate change and water, Penny Wong, at the Poznan climate change negotiations last week.
Energy Risk: video interview
Energy Risk interviews European Energy Exchange CEO Hans-Bernd Menzel about the role of exchanges and clearing in Europe's energy markets.
Global oil demand to slump
Global oil demand is set to fall this year and next, marking the first consecutive two-year decline in three decades, according to the Energy Information Agency (EIA).
Liffe to launch commodities on Bclear
Liffe, the international derivatives business of Euronext, has announced that it will launch a range of soft and agricultural commodities on its Bclear OTC derivatives platform in the first quarter of 2009.
Essent Trading expands into Nordics and Asia-Pacific
Essent Trading, the Geneva-based trading arm of Dutch utility Essent, has opened representative offices in Norway and Singapore.
Joe Gold
Joe Gold, MD and co-head of commodities at Barclays Capital, talks to Katie Holliday about weathering the financial market turmoil
LNG fundamentals - Natural selection
The LNG market for Europe and Asia has been traditionally tight, but new supply looks set to change market dynamics. Katie Holliday reports
The sum of all parts
The recent financial crisis has put enterprise-wide risk management firmly in the spotlight. Pauline McCallion looks at how this increased interest could advance ERM, and asks whether total ERM can ever be fully achieved