Energy

Natural Gas Prices Rise by 8% in Europe over Fears of Impending Ukraine-Russia Armed Conflict

Natural gas in Europe rose by about 8% to 86 euros per megawatt-hour due to growing fears of a possible Russian military invasion of Ukraine, which would further escalate tensions between the West and Moscow and lead to problems with Russian supplies of natural gas to the old continent in the case of possible introduction of stricter sanctions.

Iran fails to meet conditions in natural gas contract: Turkey

Iran has failed to meet some technical conditions regarding the setup in the natural gas contract with Turkey, Energy and Natural Resources Minister Fatih Dönmez has said.

Last week, Turkey's Petroleum Pipeline Corporation (Botaş) lowered the natural gas flow to large industrial sites and power stations by 40 percent because of a disruption in pipeline gas imports from Iran.

Botaş lowers gas flow to industry, power stations

Turkey's Petroleum Pipeline Corporation (Botaş) has lowered natural gas flow to large industrial sites and power stations by 40 percent because of a disruption in pipeline gas imports from Iran.

The national pipeline company has taken all neceassary measures for households not be affected by the shortage, a statement released in the evening on Jan. 20 said.

American Tankers came and the Price of Gas in Europe fell Sharply

Natural gas in Europe has fallen to 70 euros per megawatt-hour, approaching levels not seen in the last two months. This is happening against the background of increasing flows of liquefied natural gas, higher wind energy production, and increasing use of gas from storage facilities in Germany.

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