Bergermeer gas storage

Warm Weather and Wind Power Generation favor the Gas Situation in Europe

Published by Novinite on Mon, 01/09/2023 - 09:24

European countries continue to draw blue fuel from underground natural gas (GNG) storages at minimal rates, and wind power generation in the region exceeds 30% of the total, reaching one of the highest levels since 2022, data from Gas Infrastructure Europe shows and the European Wind Energy Association.

World Bank, AIIB Allocate $1.2B Loan to Turkey for Natural Gas Storage Facility

Published by Novinite on Thu, 06/28/2018 - 10:27

Turkey's ever-growing energy industry continues to draw investments from international institutions. The World Bank and Asian Infrastructure Investment Bank (AIIB) have provided a $1.2 billion loan for the capacity expansion project of Lake Tuz underground natural gas storage facility, the Energy and Natural Resources Minister Berat Albayrak announced yesterday at a ceremony in Ankara.