Fuel gas

The price of gas for consumers in Serbia will be frozen until May 2024 at the level that will apply from November 1 this year, the Belgrade newspaper "Danas" reports today.

In case of sudden changes in the market, the government will cover the difference for manufacturers and importers from the national budget.

Workers at two of Chevron's major natural gas plants in Australia are set to go on strike next week, the U.S. energy giant said yesterday, threatening up to five percent of global LNG supplies.

Türkiye's natural gas import declined by 39.2 percent in June from a year ago to 2.33 billion cubic meters, the Energy Market Regulatory Authority (EPDK) has informed.

LNG imports fell 18 percent to 462 million cubic meters, while imports via pipelines were down 43 percent to 1.87 billion cubic meters.

Even with a slight drop Monday, Greece's wholesale electricity market remained the most expensive in the European Union.

In Romania, the investigation into the causes of the explosion on Saturday night at a propane-butane depot 30 km from Bucharest continues. The accident took the lives of two residents of the town of Crevedia, and 58 people received severe burns. The majority of the injured are firefighters, policemen and gendarmerie.

All the leading business media outlets reported yesterday that the price of natural gas in Europe has sharply risen by 40 percent, which is a sign that a chasm of energy uncertainty and insecurity could once again open beneath the old continent.

The Commission for Energy and Water Regulation (EWRC) confirmed the price of natural gas for the month of August in the amount of 59.67 leva/MWh, excluding access, transmission, excise and VAT prices. At this price, "Bulgargaz" EAD will sell natural gas to final suppliers and to persons who have been issued a license for the production and transmission of thermal energy.

The Greece-Bulgaria interconnector (IGB) will be a game-changer in the energy market, George Satlas, executive officer and board member of ICGB AD, the manager and commercial operator of the natural gas pipeline, told the Athens-Macedonian News Agency in an interview.

Serbian President Aleksandar Vucic (R) and Montenegro's President Jakov Milatovic (L) inspect the honour guard before their meeting in Belgrade, Serbia, on July 10, 2023. Photo: EPA-EFE/ANDREJ CUKIC

Greece has received interest from 27 US and European companies in booking future capacity in its gas grid, which would allow them to import and export gas to Europe via the country in the coming decades, grid operator DESFA said on Thursday.