Compressor station

According to data from the London Stock Exchange ICE, natural gas prices on the European market crossed the $3,000 mark for 1,000 cubic meters for the first time since the beginning of March.

The price of gas on the spot market in Europe rose to 261 euros per megawatt hour after Gazprom announced that it would temporarily stop the supply of blue fuel through the Nord Stream 1 pipeline.

National gas transmission company Transgaz signed on March 23 the contract for the construction of the three gas compressor stations of 10 MW each provided for in the BRUA phase 1 project; according to the calendar, the order to kick off works will be signed on April 14, the Ministry of Economy said in a release.

BP plans to complete by mid-2018 the Georgian section of a $40-billion strategic pipeline bringing Caspian gas from Azerbaijan into Europe, the British energy company's country manager for Georgia said.

Bulgaria has commissioned the third of four modernized compressor stations, which is transiting 85% of natural gas to the country's neighbours, the Energy Ministry announced on Monday.

State-owned gas grid operator Bulgartransgas has put into operation the key Strandzha compressor station following investment of BGN 70 M, the ministry said in a statement.

Bulgaria's Prime Minister Boyko Borisov has asserted the country is "actively working" tomake sure "everything" that regards gas transportation is fully state-owned.

Borisov made his remarks at a Tuesday ceremony marking the successful reconstruction and renovation of a gas compressor station in the town of Ihtiman, not far from the capital Sofia, was officially reopened on Tuesday.