Fuel gas

Turkey's liquefied natural gas (LNG) import dropped 41.3 percent in the first half of the year compared to the same period of 2020, as LNG prices hit record-high levels on international markets.

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Natural gas imports increased to around 4.72 billion cubic meters (bcm) from approximately 2.63 bcm for the same month of 2020, Turkey's Energy Market Regulatory Authority (EMRA) said in its monthly natural gas market report.

With 110 million cubic meters of storage and 28 million cubic meters of gasification capacity, Turkey's first publicly owned floating liquefied natural gas (LNG) storage and gasification vessel (FSRU) will add significant flexibility to Turkey's energy supply chain security, according to Energy and Natural Resources Minister Fatih Dönmez.

Bulgaria's Energy and Water Regulatory Commission (EWRC) has endorsed a price of 45.27 leva/MWh for natural gas, effective June 1, 2021, the regulator said in a press release on Monday.

The new price, which excludes the charges for access, transmission, excise duty and VAT, is 20 per cent higher than its May 1 level (37.71 per cent) and 122 per cent up from June 1, 2020.

Turkey's natural gas imports increased by 47.8 percent in March this year compared to the same month of 2020, according to the Turkish energy watchdog's data on May 28.

In the application submitted to the Energy and Water Regulatory Commission (KEVR) on May 11, Bulgargaz requested a 13 percent increase in the price of natural gas, compared to prices in May, or BGN 42.54. (excluding access fees, transmission, excise duty and VAT costs). This became clear during today's discussion on the price of blue fuel in KEVR.

Turkey ranked as the seventh biggest gas-consuming country in the world with 47.7 billion cubic meters (bcm) of consumption last year, according to data of the Natural Gas Distribution Companies Association of Turkey (GAZBİR) on May 25.

 Fuel prices across Turkey rose significantly, prompted by a rise in special consumption tax (SCT), according to an industrial group.

Romanian gas distribution and transmission companies will invest a total of 1.6 billion lei under 2021 projects, according to a press release of the National Energy Regulatory Authority (ANRE), sent to AGERPRES on Monday.

Turkey's first floating LNG storage and gasification vessel (FSRU) "Ertuğrul Gazi" is registered to the Turkish International Ship Registry on March 3.

According to the social media account of the Ministry of Transport and Infrastructure's General Directorate of Maritime Affairs, Ertuğrul Gazi flew the Turkish flag.