Fuel gas

Azerbaijan's integrated drilling and oil services management company, SOCAR AQS, opened 40 wells to expand the storage capacity of the Salt Lake (Tuz Gölü) Natural Gas Storage Facility in central Anatolia, head of SOCAR AQS said on May 27.

Around $103 million will be invested for storage expansion at the Salt Lake facility, SOCAR AQS Director General Ramin Isayev told Anadolu Agency.

Late last night, a signal was given for a gas leak from a gas station. It is located in the Smirnensky district, close to the medical dormitories.

It turned out that a pump supplying fuel to the gas stations had failed.

The area was immediately cordoned off by police. There was no need to evacuate the people in the neighborhood.

The Total Producer Price Index in Industry in March 2020 decreased by 2.1% compared to the previous month. Lower prices were registered in the manufacturing by 2.6%, in the mining and quarrying industry and in the electricity, gas, steam and air conditioning supply - both by 1.0%.

Production of energy products

In January 2020 compared to December 2019 an increase is reported for the production of: • unleaded motor gasoline - by 1.4% to3149 thousand tonnes;
• natural gas - by 20.0% to 6 million m .

Turkey's Energy Exchange Istanbul (EXIST) trade volume in spot natural gas market hit Monday a record high for 2020, EXIST data showed on March 31.

Natural gas price will drop by more than 40% as of April 1, i.e by 17 BGN per megawatt compared to the previous quarter. This became clear on March 26 after a public discussion at Bulgaria's energy regulator. The meeting discussed the proposed by Bulgargas new price of gas for the second quarter of the year.

Speaking on Thursday to the chief executive officer of Public Gas Corporation (DEPA), Konstantinos Xifaras, US Ambassador in Athens Geoffrey Pyatt expressed Washington's warm support for the project of the Floating Storage Regasification Unit (FSRU) off Alexandroupoli in northeastern Greece, as it assists the US in its strategy for the diversification of Europe's energy sources.

Public Gas Corporation (DEPA) has shifted to an aggressive commercial policy, aiming to reverse the contraction of its market share, which dropped to 33 percent at end-2019 from 58 percent in 2018.

Public Gas Corporation's (DEPA) plans to expand the use of liquefied natural gas (LNG) in shipping are proceeding with the support of the European Investment Bank.

China committed to buy around $52 billion worth of energy goods from the U.S. in 2020 and 2021 amid the phase-one trade deal signed by the countries.

After 21 months of imposing reciprocal tariffs, the world's two biggest economies finally reached a trade agreement and signed a phase-one deal on Jan. 15 in Washington, D.C.