Fuel gas

Russian exporters will begin shipping liquefied petroleum gas (LPG or propane-butane) to Bulgaria via the Black Sea port of Poti in Georgia as traditional export routes remain closed, Reuters reports.

The recent change in the shareholder composition of Blue Grid, led ELINOIL and Blue Grid to the joint agreement for the transfer of ELINOIL's share in BlueFuel to Blue Grid, which will now own 100% of the company's shares.

Natural gas prices were the main cause of the high increase

Gas consumption will contract slightly this year due to high prices and reduced volumes of Russian gas to Europe, and will see only slow growth in the coming years as consumers switch to alternative energy sources.

In its latest quarterly report on gas markets, the International Energy Agency (IEA) cut its forecast for global gas demand in half.

Germany said yesterday it would raise the alert level under its emergency gas plan to secure supply following the recent reduction of pipeline supplies from Russia.

"Bulgaria's refusal of the new gas payment system proposed by Russia will inevitably lead to higher prices for end-users". This was stated in an interview with TASS by Yuri Phillipson, director of the Fourth European Department of the Russian Foreign Ministry.

The Greece-Bulgaria gas interconnection (IGB) has started test gas supplies, the project company ICGB AD told Trend news agency.

"We have started test deliveries with real quantities of natural gas, as planned. However, this is not the beginning of commercial exploitation," the ICGB said.

In the first 100 days of the war in Ukraine, Russia earned 93 billion euros ($98 billion) from fossil fuel exports, most of which were shipped to the European Union, according to a published study.

The Energy and Water Regulatory Commission approved the price of natural gas, as of June 1, 2022, in the amount of BGN 141.36 / MWh (excluding prices for access, transmission, excise and VAT). At this price, Bulgargaz will sell natural gas to the final suppliers of natural gas and to persons who have been issued a license for production and transmission of heat.

A month ago Prime Minister Kiril Petkov, after a visit to the United States, announced that Bulgaria had bought two LNG tankers for about 200 million cubic meters of gas in total. They can cover our full consumption for June, with deliveries expected to arrive on June 8 and 23. The price is not known, but it is assumed that it may be below the market at the moment.