Fuels

PM Borissov: Greece-Bulgaria Interconnector Pipeline Is of Strategic Importance for Ensuring Energy Security in the Region

Prime Minister Boyko Borissov has met with U.S. Ambassador to Greece Geoffrey Pyatt on the sidelines of the 4th Thessaloniki Summit, the government press office reported.

European Investment Bank to cease funding fossil fuel projects by end-2021

The European Investment Bank said on Thursday it would stop funding fossil fuel projects at the end of 2021, a landmark decision that potentially deals a blow to billions of dollars of gas projects in the pipeline.

The bank's new energy lending policy, which it said was approved with "overwhelming" support, will bar most fossil fuel projects, including traditional use of natural gas.

Eastern Mediterranean gas: Why Turkey is key to its success

Worldwide demand for natural gas is growing, and there is currently no shortage of supply. Moreover, as alternative energy sources become more affordable, the price pressure and competition are likely to remain fierce. In fact, the natural gas price forecast for the next three years shows a flat trend with no significant upside potential.

Greek shippers take lead in LNG sector

The imposition of new environmental regulations for the consumption of low-sulfur fuel by oceangoing vessels has seen the liquefied natural gas (LNG) market take center stage in global shipping, with Greek shippers recently overtaking the Japanese as the top owners, after ordering a large number of vessels since 2018, according to a VesselsValue report published on Wednesday.

Transgaz SA inaugurates Jupa Natural Gas Compression Station, part of the BRHA project

SNTGN Transgaz SA inaugurated, on Monday, the Jupa Natural Gas Compression Station, which is part of the BRHA project, the Ministry of Economy informs. The value of the execution contract at August 31, without maintenance, for the Jupa STC is of 103.56 million lei. The value of the two compression units installed at the Jupa STC is of 12.6 million euro.

FPPG: Romania is the largest natural gas producer in Eastern Europe

Romania is the largest natural gas producer in Easter Europe, with an average natural gas production in recent years of about 11 billion cubic meters, the Oil and Gas Employers' Federation (FPPG) stated. "Today, 13 September, we are celebrating the Day of the Romanian Gas Worker.

By the end of 2020, the First Hydrogen Refueling Stations Should Be Operational in Bulgaria

By the end of 2020, the first stations for charging cars with hydrogen should be built in Bulgaria, and by 2030 their number could reach 50. This is envisaged in a special ordinance draft, announced the press centre of the Ministry of Regional Development and Public Works (MRDPW).

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