Fuel gas

"Bulgartransgaz" and Turkey's gas transmission system operator, "Botas," have officially signed an Agreement for the interconnection of the Strandja - Malkoçlar point, marking a key milestone in fostering the diversification of natural gas sources.

Bulgargaz, the national gas company, projects a notable reduction in natural gas prices by nearly 6% for February. The company has submitted an application to the Bulgarian energy regulator outlining the expected change in pricing.

Five Greek and international environmental campaign agencies have launched legal action against a major natural gas project supported by the European Union as a regional alternative to Russian energy.

After undergoing a conversion into a floating storage regasification unit (FSRU), the GasLog tanker set sail on November 26 from Seatrium, Keppel's famous shipyard in Singapore and where most conversations from LNG tanker to FSRUs are carried out, and is expected to reach the port of Alexandroupoli on December 17.

Natural gas to become cheaper by nearly 8 percent in January next year and to be sold for about BGN 81 per megawatt hour without taxes and levies - this proposal was submitted by "Bulgargaz" to the energy regulator.

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic said Sunday's launch of a Serbia-Bulgaria natural gas interconnector made it possible to diversify gas supply sources and boost Serbia's energy security.

Greece's natural gas export potential will be quadrupled by the end of the decade, with new infrastructure projects such as the Alexandroupoli floating liquefied natural gas (LNG) terminal, an increase in the capacity of the Trans-Adriatic Pipeline (TAP) and the new Greece-North Macedonia pipeline that is entering the construction phase, Deputy Minister of Environment and Energy Alexandra Sdouk

The European Union reached a deal on Wednesday on a law to place methane emissions limits on Europe's oil and gas imports from 2030, pressuring international suppliers to clamp down on leaks of the potent greenhouse gas.

As Bulgaria braces for the onset of the heating season, the cost of natural gas is skyrocketing, with Bulgargaz EAD announcing a substantial 36% price hike. The company's proposed price for November 2023 stands at BGN 82.12/MWh, excluding excise duty and VAT, marking a significant financial burden for consumers.

Three years after the groundbreaking for the liquefied natural gas terminal in Cyprus, a project worth $289 million has been initiated. However, the work remains incomplete, causing a delay in the implementation of a medium-term solution for transporting and utilizing LNG. This delay is significant as it affects consumers seeking an alternative to the rising oil prices.