Petroleum production
Acting Bulgarian PM: We are Announcing a Tender for Supplies of Liquefied Gas
"We will prepare a plan to stabilize Bulgargaz. In order for the company to be able to pay the actual contracted quantities of gas". This was stated by acting Prime Minister Galab Donev.
Russian Exporters of Liquefied Gas will deliver to Bulgaria via Georgia
Russian exporters will begin shipping liquefied petroleum gas (LPG or propane-butane) to Bulgaria via the Black Sea port of Poti in Georgia as traditional export routes remain closed, Reuters reports.
Moscow: Sofia's Refusal of the New Payment System leads to more Expensive Gas
"Bulgaria's refusal of the new gas payment system proposed by Russia will inevitably lead to higher prices for end-users". This was stated in an interview with TASS by Yuri Phillipson, director of the Fourth European Department of the Russian Foreign Ministry.
Russia made $98 Billion in Fuel Exports in 100 days of War in Ukraine
In the first 100 days of the war in Ukraine, Russia earned 93 billion euros ($98 billion) from fossil fuel exports, most of which were shipped to the European Union, according to a published study.
Bulgaria: What is the Price of Natural Gas for June
The Energy and Water Regulatory Commission approved the price of natural gas, as of June 1, 2022, in the amount of BGN 141.36 / MWh (excluding prices for access, transmission, excise and VAT). At this price, Bulgargaz will sell natural gas to the final suppliers of natural gas and to persons who have been issued a license for production and transmission of heat.
Capital Product Partners: Purchases of four modern newly built vessels
Capital Product Partners L.P.
Dynagas: Energy solutions for Germany from Giorgos Prokopiou’s Dynagas
Two Floating Storage and Regasification Units (FSRU) for Liquefied Natural Gas (LNG) were chartered from George Prokopiou's Dynagas Ltd to the German Uniper, whose total capacity is equivalent to 30% of Russian gas imports to Germany.
With this move, Uniper comes to diversify and strengthen the security of gas supply in Germany, according to a statement from the German company.
Greek PM and Balkan leaders in Alexandroupolis for the inauguration of the floating LNG terminal
Prime Minister Kyriakos Mitsotakis will speak at noon at the ceremony for the inauguration of the implementation of the project of the terminal of the Independent Natural Gas System (ASFA) of Alexandroupolis.
Washington resumes oil, gas drilling leases on federal land
The U.S. government, under pressure to lower gas prices, announced on April 15 that it will resume the sale of leases for oil and gas drilling on federal lands while imposing new conditions, including the first hike in royalties in more than 100 years.
Germany releases billions to move away from Russian gas
Germany has released nearly 3 billion euros ($3.2 billion) to acquire floating liquefied natural gas (LNG) import terminals, as it seeks to move away from dependence on Russian gas.