Eni

President Recep Tayyip Erdoğan and his Russian counterpart Vladimir Putin will meet in Istanbul on Jan. 8 to attend the inauguration ceremony of the TurkStream natural gas pipeline.

The pipeline will transmit Russian natural gas to Turkey and Europe under the Black Sea.

The Energy and Water Regulatory Commission has accepted the reduction in the price of natural gas supplied to Bulgaria by Russia as of the beginning of January, by 1.81 percent compared to the previous quarter of the year, BNR reported.

The leaders of Greece, Israel and Cyprus were set to meet in Athens Thursday to sign a deal for an undersea pipeline that would carry gas from new offshore deposits in the southeastern Mediterranean to continental Europe.

The TurkStream natural gas pipeline project, which will carry Russian gas to Turkey, is expected to be finalized by the end of 2019, according to the energy and natural sources minister.

Italy's biggest natural gas distribution company, Italgas, is on the verge of entering the Greek market.

Kathimerini understands that Europe's third largest gas distributor is very close to reaching an agreement with fellow Italian Eni Gas e Luce for the acquisition of the latter's portfolio in the Greek gas grid.

Cypriot Energy Minister Georgios Lakkotrypis on Tuesday sought to dismiss speculation over a decision by energy companies Total and Eni not to their begin drilling activities in the country's Block 7, saying the consortium never intended to start from there anyway.

The Total-Eni consortium's drilling activities in Cyprus' exclusive economic zone (EEZ) will not begin in block 7, as had been initially thought, but in blocks that are more likely to yield results at this time, according to reports on Monday.

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.

Prime Minister Boyko Borissov, who officially opened the extension of the Balkan Stream gas pipeline to Bulgarian territory near Strandzha, continued the tour along the gas pipeline route and arrived in Knezha, where its northern part from Provadia to the Serbian border is being built.

Eni is not concerned about escalating tensions between Cyprus and Turkey over the question of offshore drilling and would seek to stay clear of any conflict, the Italian oil and gas group's Chief Executive said on Thursday.