Fuel gas

The energy sector has retreated markedly from its highs in the first days of March but remains a hot topic for markets.

The anxiety in the Greek market is peaking because of the attitude of Moscow and Gazprom towards the long-term natural gas supply contract of DEPA Commerce.

Bulgaria is over 90% dependent on Russian gas supplies, experts remind but reassure that a possible crisis can be overcome.

Serious difficulties for carriers due to fuel prices. Due to the higher prices of raw materials, a number of districts have problems with transport between villages and towns, Nova TV reports. There is also a significant jump in the fuels we refuel every day.

Spain and Portugal will store most of the EU's liquefied natural gas reserves.

This is clear from a blog post by the High Representative of the Union for Foreign Affairs and Security Policy, Josep Borrell.

Australia is ready to supply liquefied natural gas (LNG) to European countries if they run out of Russian fuel, Federal Minister of Natural and Water Resources Keith Pitt said today.

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.

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.

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.

Turkey's natural gas storage capacity will be increased from 4.7 billion cubic meters to 11 billion cubic meters by 2023, Energy and Natural Resources Minister Fatih Dönmez told parliament members on Dec. 7.