Gazprom

The gas price in Europe yet again break historic record during the September 30 trading session and rose over $1100 per 1,000 cubic meters, according to the ICE data on Thursday morning.

Russia's state-controlled energy giant Gazprom signed a new 15-year natural gas supply deal with Hungary in a move sharply criticized by Ukraine, the company announced on Sept. 27.

The International Energy Agency (IEA) said on Tuesday (21 September) Russia could do more to help alleviate gas supply issues in Europe which have driven prices up to record highs over the past month.

The comments come after a group of European Parliament lawmakers last week asked the European Commission to investigate Gazprom's role in soaring European gas prices.

The world is in a state of "gas war", sharp rises in industrial electricity prices are expected, and the situation will not improve soon.

This was said by the energy expert Vasko Nachev in tv interview on Bloomberg TV Bulgaria.

In the application submitted to the Energy and Water Regulatory Commission (KEVR) on May 11, Bulgargaz requested a 13 percent increase in the price of natural gas, compared to prices in May, or BGN 42.54. (excluding access fees, transmission, excise duty and VAT costs). This became clear during today's discussion on the price of blue fuel in KEVR.

The US State Department expressed its strong opposition to the Turkish-Russian TurkStream gas pipeline saying that together with the Nord Stream 2 they undermine the European energy security and serve only the Russian interests.

Over 5.8 billion cubic meters (bcm) of Russian gas transferred to Europe from Turkey via TurkStream natural gas pipeline in 2020, according to industry sources on Jan. 3.

The TurkStream pipeline opened by Turkish President Recep Tayyip Erdoğan and his Russian counterpart Vladimir Putin on Jan. 8.

The expiry of long-term, oil-indexed natural gas contracts at the end of 2021 offers Turkey an opportunity to negotiate more competitive gas prices based on more flexible terms, particularly with Russia.

Russian energy giant Gazprom and its Turkish partners are currently in talks on how the TurkStream pipeline can be used for deliveries to the European markets, said Elena Burmistrova, the chief executive of the Russian holding's export arm Gazprom Export.

This was assessed by Paul McCarthy, director for Europe of the International Republican Institute (IRI), and Ben Hodges, former commander-in-chief of the US Ground Forces in Europe, expresses hope that Biden administration will be ready to "lend a hand" to President Aleksandar Vui.
McCarthy believes that Russia wants to show that it is a player that can be counted on.