Liquefied natural gas

In May, natural gas imports to Europe from Russia surpassed those from the US for the first time since the onset of the Ukraine war, highlighting the EU's ongoing struggle to reduce reliance on Russian energy. Despite concerted efforts to cut ties with Russian fuels, one-off factors drove this shift, emphasizing the complexity of Europe's energy landscape, according to the Financial Times.

The implementation of the Vertical Gas Corridor has commenced, aimed at ensuring diversification and energy security for natural gas supplies. Bulgartransgaz, the state gas transmission operator, signed two critical public contracts with consortia comprising Bulgarian and American companies.

Kpler, the premier source for global trade intelligence, is embarking on its first Posidonia participation following last year's acquisition of Greek maritime tech company MarineTraffic, the world's leading ship-tracking intelligence platform.

The Turkish Petroleum Pipeline Corporation (BOTAŞ) has signed an LNG (liquefied natural gas) trade deal with ExxonMobil, Energy Minister Alparslan Bayraktar has said.

Bayraktar, who traveled to the U.S. to hold talks on energy, announced the agreement on social media platform X.

Karpowership has announced that it signed a memorandum of intent (MoI) with Brazil's Petrobras to combine their respective expertise in the natural gas and power sectors.

The cheap Russian natural gas that enters Greece from Sidirokastro, in Central Macedonia, through the TurkStream pipeline, put liquefied natural gas loads off the market in April.

Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova, head of the company's pricing department, the expected reduction could range between 5 to 6% compared to the current rate, currently set at BGN 58.84 per MWh (excluding access, transmission, excise, and VAT).

Türkiye is in talks with U.S. energy company ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas (LNG), Energy Minister Alparslan Bayraktar has told the Financial Times.

Türkiye is seeking to build a "new supply portfolio" that will make it less reliant on any single partner, the minister told in an interview with the newspaper.

Author: Vitalie Platon

The Turkish parliament is set to reconvene on April 16 with a fresh agenda that spans a range of critical issues after a hiatus of about one and a half months owing to the March 31 local elections and ensuing Eid al-Fitr.