The Turkish Stream gas pipeline will be commissioned by the end of 2019, with both legs filled with gas, Daily Sabah reported.
Gazprom announced in a press release that the filling of the pipes marks the last stage before commissioning, which is to carry Russian natural gas under Black Sea waters to Turkey and from there to the European Union and Southeast European countries.
Worldwide demand for natural gas is growing, and there is currently no shortage of supply. Moreover, as alternative energy sources become more affordable, the price pressure and competition are likely to remain fierce. In fact, the natural gas price forecast for the next three years shows a flat trend with no significant upside potential.
Bulgaria joins the common European electricity market, the Electricity System Operator announced. Together with Croatia, the Czech Republic, Hungary, Poland, Romania and Slovenia, Bulgaria will now be involved in unifying the electricity markets.
So far, there were 14 European countries involved in the union.
The first deliveries are planned for November 20 this year.
Energy Minister Aleksandar Antic said electricity will be more expensive starting December, to be calculated in the January electricity bills.
According to him, the price of electricity for the industry will not go up.
Antic said for RTS that there had been no corrections in electricity prices for more than two years.
President Klaus Iohannis said, on Thursday, at the inauguration of the natural gas compression station Podisor, in Giurgiu County, that the energy sector has been severely disrupted in the past year by hazardous measures, such as Ordinance 114, and stressed that the zero emergency is repairing the "evil caused". "It is indisputable that, in the energy field, Romania enjoys certain advantages.
Denmark approves Nord Stream 2 ″. The Danish Energy Agency has approved Nord Stream 2 AG to build the Nord Stream 2 gas pipeline across the continental shelf of Denmark southeast of Bornholm in the Baltic Sea, says in a statement.
The agency estimates that this route is the safest and meets environmental standards.
The think tank Carbon Tracker Initiative reported on Thursday that four in five coal plants in the European Union were unprofitable and utilities faced losses of nearly 6.6 billion euros this year.
German utility RWE faces the biggest losses this year, of 975 million euros, which is 6 percent of its market capitalization, according to the report.