Energy economics

Bucharest, Oct 16 /Agerpres/ - Romania can become the largest gas producer in the European Union, which gives it security and independence, but also positions it as an important negotiation partner at European and global level, the Romanian Foreign Affairs Minister, Ramona Manescu, said on Wednesday, at the third edition of the Aspen Energy Summit 2019.

Currently, the prices at which Bulgaria buys gas under its long-term contract with Russia's Gazprom are twice as high as those on the Austrian stock exchange. This was announced by the chairman of the Balkan and Black Sea Petroleum Association Valentin Kanev, BNR reported.

Romania's industrial production prices overall (domestic market and foreign market) were down 0.3 percent in August 2019 compared to July 2019, but they increased by 3.3 percent against August 2018, showed the data published on Wednesday by the National Institute of Statistics (INS).

The approved price for the fourth quarter is BGN 44.85 per MWh.

The new heating season will start without changes in the prices of steam, hot water and electricity. They remain unchanged, despite a 0.11% decrease in the price of natural gas for the fourth quarter of 2019, the Energy and Water Regulatory Commission (EWRC) reported.

The easy and secure days are over in global energy security. We are entering a new era due to a number of game-changing energy dynamics including the rise of renewables and unconventionals, climate change awareness, insecurity of strategic maritime chokepoints and, more importantly, serious geopolitical flare-ups around the world.

The share of passenger cars with diesel engines in Bulgaria increased steadily in the first half of the year, according to the registration data of the Road Police. In just six months, the difference between the cars of the two main types of fuel decreased by 49 184 units.

Dr. Nevenka Hrovatin, Professor of Economics at University of Ljubljana's Faculty of Economics, reveals the main challenges in energy markets and highlights the best practices from both Slovenia and the region while emphasizing that Slovenia should increase its ambition in the heating and cooling sector.

The risks and potential threats to Bulgaria's energy security stem from the country's high dependence on a natural gas supplier.

The Bloomberg agency has made a ranking of countries according to the price of the gasoline A-95.Bulgaria has the cheapest but at the same time the most inaccessible fuel in the whole European Union, quoted by Econ.bg

The price of the blue fuel will drop by 0.6%, reported NOVA TV. 

Natural gas has been cheaper starting from July 1. This is decided by the Commission for Energy and Water Regulation. The price of the blue fuel will drop by 0.6%.