Fuels

The Finance Ministry has decided to postpone the deadline for the submission of online applications for the heating subsidy until next Monday, January 18.

As of this year, the subsidy not only concerns heating oil but also natural gas, pellets and even firewood for some remote areas.

Natural gas inflow to Turkey's gas network saw a year-on-year increase of around 6.38 percent to 50 billion cubic meters (bcm) in 2020, according to data from the Turkish Petroleum Pipeline Corporation (BOTAŞ).

In 2019, around 47 bcm of natural gas was carried through the Turkish natural gas system.

US sanctions against the Nord Stream 2 gas pipeline are blatant protectionism aimed at advancing its liquefied natural gas on the European market, but the EU countries understand this and support the project, and thanks to this it will be completed, Russian Deputy Prime Minister Alexander Novak told RBC TV.

The expiry of long-term, oil-indexed natural gas contracts at the end of 2021 offers Turkey an opportunity to negotiate more competitive gas prices based on more flexible terms, particularly with Russia.

Greek company probunkers on Wednesday announced it had submitted a request for a liquefied natural gas (LNG) bunkering license to supply marine fuel in the port of Singapore.

Greece's gas grid operator is making a dynamic entry into the international scene after landing a significant project in Kuwait.

The Hellenic Gas Transmission System Operator (DESFA) has undertaken the operation and maintenance of a new liquefied natural gas (LNG) terminal under construction in the Gulf country, which is expected to start operating in 2021.

Countries in the Balkan region are still heavily dependent on Russian gas, making them vulnerable to pressure from Moscow, the US ambassador to Skopje, Kate Byrnes, warned during the Macedonian Energy Forum 2020 on Monday.

The price of natural gas is 53% lower today compared to a year ago, Prime Minister Boyko Borissov said at an extraordinary government meeting.

Bulgaria's MPs approved at first reading the establishment of State Oil Company. The opposition also voted in favor of the proposal. 148 MPs voted in favor, 1 MP voted against and 4 MPs abstained. The draft envisages the creation of nearly 100 state-owned petrol stations on state or municipal land.

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.