Energy economics

Bulgaria: Increase in Price of Gas for January, a Jump of 22.7% compared to December

A regulation that came into force as of Jan. 1 ushers in a new era in energy efficiency in buildings in Türkiye.

According to the regulation, all buildings to be constructed larger than 5,000 square meters in size will be required to be B energy efficiency class and meet 5 percent of energy they consume from renewable resources.

Prices of natural gas used in electricity production have been reduced, while gas prices for households have been kept unchanged for January.

The Petroleum Pipeline Corporation (Botaş) announced that the price of gas used was cut by 12.75 percent to 18,000 Turkish Liras/1,000 cubic meters.

The price of natural gas households consume was kept at 4,080 liras/1,000 cubic meters.

LAMDA DEVELOPMENT S.A. announced that its 100% subsidiary, LAMDA ENERGY INVESTMENTS S.M.S.A., signed a share transfer agreement regarding the purchase of 20% of the share capital of R Energy 1 Holding for a cash consideration of €5m.

At the top of the checklist are fuel efficiency and safety

It was also estimated that global greenhouse gas emissions will reach its peak in 2025.

In September, most Slovenian companies expected to cut production by the end of the year in the face of the energy crisis. This has been reflected in electricity consumption, which was much lower last month year-on-year, said the Institute of Macroeconomic Analysis and Development (IMAD). The same goes for natural gas consumption in recent months.

The billowing winds that swept Greece over the last three days were enough to produce up to 83% of the electricity consumed by households and businesses and to knock down the average wholesale electricity price by 44%.

On its 50th birthday, Motor Oil is taking the next big step and creating Motor Oil Renewable Energy (MORE Energy).

Fuel prices in Kenya surged to record highs yesterday after the new government slashed subsidies, piling on misery for a population already facing deep economic hardship.

The price of petrol increased by 20 shillings to 179.30 (about $1.50) per liter while diesel and kerosene prices are up by 20 and 25 shillings respectively, the Energy and Petroleum Regulatory Authority (EPRA) said.