Liquefied natural gas

The first small-scale regasification station for liquefied natural gas (LNG) that will supply an electricity and heating plant in Serres, northern Greece, was put into operation by DEPA Commercial in the town of Dimitra. 

United Arab Emirates energy giant Abu Dhabi National Oil Company (Adnoc) has expressed interest in Cyprus' emerging natural gas sector, the country's energy minister has told Reuters.

Bulgaria's Energy and Water Regulatory Commission (EWRC) has set the November price of natural gas at 68.69 leva per megawatt-hour, excluding access, transmission, excise, and VAT fees. This price reflects an almost 8% increase over the October rate, according to the regulator's report.

Greek shipowners have spent an unprecedented $18 billion on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker, bulker and container asset classes, according to new research published on Wednesday by VesselsValue, the data intelligence arm of maritime data and freight management solutions provider Veson Nautical.

Greek shipowners have spent an unprecedented $18 billion on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker, bulker and container asset classes according to new research published on Wednesday by VesselsValue, the data intelligence arm of maritime data and freight management solutions provider Veson Nautical.  

Domestic gas consumption increased by 25.16% in the first nine months of 2024, according to National Natural Gas System Operator SA (DESFA) data, while exports decreased by 95.45%. In the first nine months of the year, natural gas consumption reached 47.65 terawatt hours (TWh) from 38.07 TWh in the corresponding period for 2023.

EU energy ministers met in Luxembourg on Tuesday to discuss the bloc's rising Russian LNG imports, Ukraine's energy shortages ahead of winter and how to balance energy prices across member states, officials said.

Türkiye is seeking to carry out oil and natural gas exploration activities in different regions in the world through partnerships, Energy Minister Alparslan Bayraktar has said.

Türkiye has put countries and regions on its radar, he noted.

"One of them is Somalia… We also want to take part in different projects in Iraq," the minister told a group of journalists in Ankara.

Bulgargaz, the Bulgarian state-owned natural gas distribution company, has said that French oil major TotalEnergies ranked first in a tender offer to supply liquefied natural gas (LNG) in November and December to the Alexandroupoli terminal in Greece.

The tender is for the supply of one cargo each month of 1,000 gigawatt hours (GWh), according to a press release from the company.