Natural gas

Türkiye, which has been working to reduce its dependency on imported energy, is now turning to extract large shale gas reserves estimated at 679 billion cubic meters.

As part of its efforts to diversify its energy resources, the country has already discovered 710 billion cubic meters of natural gas in the Black Sea and millions of barrels of oil in the southeastern Gabar region.

Türkiye will not have any gas supply problems this winter as the country has enough gas at its storage facilities, Energy Minister Alparslan Bayraktar has said.

"The Silivri underground storage facility is 100 percent full. We are entering the winter well prepared," the minister said after visiting the facility.

"Bulgargaz" anticipates a notable reduction in natural gas prices by approximately 11% starting in January. The proposal suggests a cost slightly below BGN 78 per megawatt hour (MWh).

The implementation of the Turkish gas hub project may start in 2024, Russian Deputy Prime Minister Alexander Novak has said.

Five Greek and international environmental campaign agencies have launched legal action against a major natural gas project supported by the European Union as a regional alternative to Russian energy.

Natural gas to become cheaper by nearly 8 percent in January next year and to be sold for about BGN 81 per megawatt hour without taxes and levies - this proposal was submitted by "Bulgargaz" to the energy regulator.

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic said Sunday's launch of a Serbia-Bulgaria natural gas interconnector made it possible to diversify gas supply sources and boost Serbia's energy security.

The contribution of natural gas to monthly inflation is expected to weaken in December, the Central Bank has said.

Petroleum Pipeline Corporation (BOTAŞ) has announced that natural gas prices for households and industrial users have been kept unchanged for December.

There will be no change in the price of natural gas used in electricity generation as well, the company added.

Greece's natural gas export potential will be quadrupled by the end of the decade, with new infrastructure projects such as the Alexandroupoli floating liquefied natural gas (LNG) terminal, an increase in the capacity of the Trans-Adriatic Pipeline (TAP) and the new Greece-North Macedonia pipeline that is entering the construction phase, Deputy Minister of Environment and Energy Alexandra Sdouk