Inside Power, Gas & Carbon

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Inside Power, Gas & Carbon INSIDE POWER, GAS & CARBON THURSDAY, OCTOBER 11, 2018 Click here to access Eikon top news Global Gas, Power & LNG. Click here to read full stories. TOP NEWS GAS EXCLUSIVE-Naftogaz courting partners to develop Ukraine gas Ukraine's Naftogaz is in talks in London with a number of big oil and gas firms to help it develop the country's exist- ing and yet-to-be-tapped gas fields, the company's chief executive has told Reuters. Ukraine is looking to increase domestic production so it can lessen its energy dependence on hostile neighbour Russia, the cost of which is strain- ing Kiev's limited finances. Canada's Enbridge to resume operations in 30-inch gas line in British Columbia Canada's Enbridge Inc said on Wednesday it had approval to restart operations on a 30-inch natural gas pipeline in northern British Columbia, after a fire in an adjacent line led to disruptions for refineries in the U.S. state of Washing- ton. The company isolated and depressurized a 36-inch pipeline, which carries gas to the Pacific Northwest, after it ruptured on Tuesday evening causing gas to ignite. An adjacent 30-inch pipeline was also depressurized for safety. Ukraine's gas reserves rise to 16.5 bcm as of Oct. 9 - Ukraine had stored 16.5 billion cubic metres (bcm) of gas as of Oct. 9, gas transport monopoly Ukrtransgaz said on Thursday, topping the approximately 16.1 bcm the country aimed to store for winter. Ukraine consumed 32.2 bcm of gas in 2017 and imported 14.1 bcm. For the past heating season from mid-October to April, Ukraine stored 16.8 bcm of gas. POWER UK big six energy firms 2017 supply profits fell as customers left Profits from supplying gas and electricity at Britain's big six energy firms fell by a combined 10 percent last year as they lost customers to smaller rivals, a report by industry regulator Ofgem said on Thursday. Earnings at Britain's energy firms are under political scrutiny, with Ofgem set to impose a price cap in time for winter following a govern- ment promise to tackle "rip-off" prices. Britain can meet winter energy demand -National Grid Britain will be able to meet power and gas demand this winter, even in the event of an extreme cold snap, National Grid said in its 2018/19 winter outlook report on Thursday. "For this winter, even under colder conditions than experi- enced in recent years, we are confident we have the right products and strategies in place to help us balance the gas and electricity networks," National Grid said. French government weighing all options on EDF structure - minister The French government is considering all options with regards to a possible restructuring of state-controlled utility EDF, including the status quo, new Environment Minister Francois de Rugy said on Wednesday. He told reporters at an electricity innovation event organised by EDF that the government will disclose its plans for the firm when it re- leases its long-term energy strategy this month or later. European curve extends slide on carbon emissions European forward power contracts extended losses on the back of a selloff in carbon emissions permits and broadly weaker energy prices. The German baseload Cal'19, the European benchmark, fell 2.5 percent to 50.65 euros ($58.47) a megawatt hour (MWh), its lowest level since mid-September. COAL COLUMN-Indonesia wants to export more coal, buyers ignore the call: Russell Indonesia wants to export more coal in order to earn U.S. dollars to shore up its faltering currency, but the problem is buyers don't seem to be hearing the message. Indonesia's coal exports dropped to 24.8 million tonnes in Septem- ber, down 12.4 percent from August's 28.3 million tonnes and 10 percent from 27.6 million tonnes in the same month last year, according to vessel-tracking and port data compiled by Refinitiv. ContourGlobal proceeds with Kosovo power plant despite World Bank rejection Power company ContourGlobal will proceed with plans to build a 500 megawatt (MW) coal-fired plant in Kosovo despite the World Bank's decision not to back the project. The World Bank on Wednesday said it would not support the Balkan country's first major energy project in more than two decades because it would use coal rather than re- newable fuels. 2 CARBON Green power levy on German consumers set to fall next year German consumers, who pay the highest electricity bills in Europe, are likely to see a 4.2 percent drop in the sur- charge they have to pay to support renewable power next year, green energy lobby group BEE forecast on Thursday. The levy is a key part of Germany's Energiewende policy to switch to less environmentally damaging sources of ener- gy, but has sparked criticism from some consumers, with all government fees now accounting for over 50 percent of final power bills. French wind capacity could double with stable regulation - lobby group French wind power developers could increase the rate at which they add capacity and boost their share of the energy mix if the government created a stable and simple regulatory environment in its long-term plan, industry lobby group FEE said on Thursday. France is expected to unveil the plan at the end of the month which will set out targets, a timeline, and energy priorities to reduce the country's dependence on nuclear electricity and increase renewables energy. New wind farms could thrive in Norway without subsidies - state grid Declining costs and rising power prices mean major new wind farms could be built in the south of Norway without subsidies, the country's state-owned grid operator said on Thursday. The report by Statnett is part of an analysis that Norway's energy regulator NVE is putting together on the potential for increasing the country's wind power genera- tion, which currently has a total estimated capacity of about 1.3 gigawatt (GW). OPEC Sec-Gen questions "misguided" renewables debate after climate report OPEC's Secretary-General on Thursday criticised a report calling for radical action to fight climate change, saying the idea that renewable energy was the world's only future was misguided and that a "bombardment" of green ad- vocacy could be harmful. A U.N. panel this week called for unprecedented changes in how the world consumes ener- gy and a dramatic rise in the use of renewable power to contain global warming and protect the planet from heat- waves, floods and rising sea levels. REUTERS TECHNICAL ANALYSIS Q4 OUTLOOK 2018 - WANG TAO Outlook for some U.S. dollar sensitive commodities would be gloomy in the fourth quarter as the greenback is ex- pected to move higher. Oil may strive to deliver its final thrust towards a major resistance before starting a deep cor- rection. Metals and softs may have short-lived bounces before resuming their downtrends. Grains are expected to shrug off the dollar impact to reap significant gains, as they have bottomed out. Palm oil still looks weak, but may find a key support and then rebound strongly. To read the full report, click here. (Inside Power, Gas & Carbon is compiled by Shaina Ahluwalia in Bengaluru) For questions and comments on Inside Power, Gas & Carbon newsletter, write to us at [email protected] Find out more and register for our free commodities newsletters - https://forms.thomsonreuters.com/commodities_preference_client_only/ Unsubscribe to this newsletter using the unsubscription form - https://forms.thomsonreuters.com/commodities_preference_client_only/Unsubscribe/ For more information about our products: https://www.thomsonreuters.com/en/products-services.html To find out more about how we may collect, use and share your personal information please read our privacy statement at http://thomsonreuters.com/en/ privacy-statement.html Contact your local Thomson Reuters office - http://financial.thomsonreuters.com/en/markets-industries/commodity-market.html © 2018 Thomson Reuters. All rights reserved. This content is the intellectual property of Thomson Reuters and its affiliates. Any copying, distribution or redistri- bution of this content is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world. 3 .
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