Natural resources

"Yesterday, a letter was received from Gazprom Export, stating the suspension of natural gas supplies to Bulgaria. This should be confirmed in practice in minutes.

"The first concern of the government is to ensure the energy adequacy of the country. At the same time, we are struggling to achieve the lowest possible energy prices for consumers, households and businesses ", noted the Prime Minister, Kyriakos Mitsotakis, during his visit to the facilities of the Liquefied Natural Gas (LNG) terminal on Revythousa island.

The energy sector has retreated markedly from its highs in the first days of March but remains a hot topic for markets.

Natural gas prices have been increased and are effective as of April 1, the Petroleum Pipeline Corporation (BOTAŞ) has announced, citing rising costs.

According to the statement the state-owned company released, natural gas prices for households and industrial facilities were hiked by 35 percent and 50 percent, respectively.

Natural gas prices have been increased and are effective as of April 1, the Petroleum Pipeline Corporation (BOTAŞ) has announced, citing rising costs.

According to the statement the state-owned company released, natural gas prices for households and industrial facilities were hiked by 35 percent and 50 percent, respectively.

French energy giant TotalEnergies said yesterday it has rebounded from the COVID-19 crisis with a huge 2021 profit as oil and gas prices soared.

The company reported net profit of $16 billion (14 billion euros) - the highest in at least 15 years - following a historic $7.2-billion loss in 2020, when oil prices crashed.

Ljubljana – Robert Golob, the long-serving CEO of the indirectly state-owned energy company Gen-I, has said the reason he failed to get endorsed for another term was that the “politics” turned down a decarbonisation plan drawn up by Gen-I and other players.

The market is facing a new round of price hikes, as everything shows, with companies declaring themselves unable to contain rising production costs.

The energy crisis is triggering another "wave" of prices rises, causing consumer dissatisfaction, and causing a reduction in purchases to what is absolutely necessary, while many are buying cheaper, lower nutritional value products.

The Greek Minister of Development and Investments, Mr. Adonis Georgiadis, did not rule out taking new measures in ordert to alleviate households, since, as he said, our economy is doing very well and we can come up against any problem. But such a decision, he added, is up to the Greek Prime Minister.

Ljubljana – The opposition Left has demanded for the parliamentary committees on infrastructure and social affairs to meet for a joint emergency session due to soaring energy prices. One of their proposals is regulating gas and power prices for end users.