Fuel gas

Three joint ventures have been selected by Cyprus in the first stage of a tender to provide a floating storage and regasification unit (FSRU) to import liquefied natural gas (LNG).
The first joint venture is led by China Petroleum Pipeline Engineering, Natural Gas Public Company of Cyprus (DEFA) said on its website.

A ten-year plan for the development of the networks of Bulgartransgaz EAD for the period 2019-2028 was discussed today at a public discussion in the Energy and Water Regulatory Commission.

Electricity, hot water and hot water prices will rise from July 1. On average, the heat price increases by 4.5%. Most expensive will be in Razgrad - with an increase of nearly 18% and Gabrovo - by almost 13%. After them are Vratsa, Veliko Tarnovo and Plovdiv.

The jump in the electricity price is on average about 3.5% for the country. The increase is within annual inflation. 

The Parliament has adopted on first reading amendments to the Energy Act with 107 votes in favour, one against and 61 abstentions, Focus News Agency reports.

Liquefied natural gas (LNG) deliveries to Italy, Spain, Greece, Portugal and Turkey in May rose 16 percent from April, and were up 53 percent from the same month a year ago, Refinitiv data show.
June deliveries this year are set to be higher than in 2018.
[Reuters]

Imports of liquefied natural gas (LNG) are hampered by the decision of the Regulatory Authority for Energy over the pricing of the natural gas network, reversing the strategic advantages of the Revythousa terminal for the broader region and depriving Greek enterprises of a relatively cheap source of energy.

The number of new liquefied natural gas-powered vessels will almost double around the globe this year, as the deadline for slashing the sulfur content of bunker fuel is fast approaching, but their further increase to significant figures greatly depends on the improvement of infrastructure, a senior market monitoring official tells Kathimerini English Edition.

Kathimerini reports that stakeholders in the Aphrodite gas field have agreed to commit natural gas from Cyprus' Block 12 to Egypt's LNG facilities from where it will be exported to international markets. A few legal details remain and are expected to be clarified within days.

This amalgamation of factors has put great pressure on the 35 per cent of the electricity mix of Romania that relies on hydrocarbons - coal plus gas.

Against the backdrop of the cost problems facing Romanian coal production, the risk of a tumultuous and disordered energy transition is increasing.

Bulgarian Synergon Holding has been authorized by the Commission for Protection of Competition (CPC) for the acquisition of "V-GAS Bulgaria", the announcement of the company to the stock exchange. The Commission's decision has not yet been published.