Natural gas

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 divorce of Helleniq Energy and Edison after 15 years of their joint venture in the field of the electricity market is now taken for granted.

Natural gas prices have seen a steady decline in recent months, largely attributed to an oversupply of the blue fuel following a milder-than-anticipated winter season worldwide.

Moldova's domestic gas supplier Energocom said it will supply its consumers with test volumes of US-origin liquefied natural gas (LNG) for the first time on Monday and Tuesday. Moldova relied almost exclusively on Russian gas under a deal with state-controlled Gazprom but stepped up diversification efforts following Moscow's full-scale invasion of neighbouring Ukraine two years ago.

Residents of Sofia may soon enjoy a significant decrease in their heating and hot water bills, as "Toplofikatsia Sofia" has announced its intention to lower prices by 30% from July 1, 2024. The company has submitted an application to adjust the price of thermal energy for the upcoming regulatory period, citing various factors contributing to the proposed reduction.

Natural gas prices are gradually returning to their historical norms, reflecting the basics of supply and demand, Public Gas Corporation (DEPA Commerce) CEO Konstantinos Xifaras told the 5th Power & Gas Forum on Thursday.

A Turkish vessel has commenced drilling a new well in the Black Sea, Energy and Natural Resources Minister Alparslan Bayraktar has announced, expressing optimism about discovering a new reserve within the next few weeks.

A claim by Justice Minister Giorgos Floridis on Wednesday that one of the reasons why the site of last year's railway disaster in Tempe was covered up shortly after the accident was because a gas pipeline runs directly beneath it was dismissed as a "lie" by an opposition MP.