Fuels

Warm Weather and Wind Power Generation favor the Gas Situation in Europe

European countries continue to draw blue fuel from underground natural gas (GNG) storages at minimal rates, and wind power generation in the region exceeds 30% of the total, reaching one of the highest levels since 2022, data from Gas Infrastructure Europe shows and the European Wind Energy Association.

‘Black Sea natural gas to meet households’ needs for 33 years’

The natural gas discovered in the Black Sea will meet the consumption of households in Türkiye for 33 years, Energy and Natural Resources Minister Fatih Dönmez has said.

The production from the Black Sea field will reach its peak level in four years, which will help the country reduce its natural gas imports, he added.

Bulgaria will Conclude a Memorandum with Greece to Guarantee the Security of Supplies and Storage of Gas

One or more Greek suppliers of the Greek national natural gas transmission system to register as users of the Bulgarian transmission system, and one or more Bulgarian suppliers to reserve slots and storage capacity, as well as regasification capacity in Greece - this is provided by a memorandum of understanding between the energy ministries of the two countries, approved by the caretaker govern

Gas Prices in Europe Fall below 70 Euros/MWh for the First time since the Beginning of Russia’s Invasion of Ukraine

Natural gas in Europe continues to fall in price at the start of the new year, falling below €70 per megawatt-hour (MWh) for the first time since the beginning of the military invasion of Ukraine, which Russia launched on February 24, 2022.

Bulgaria signs deal to use Türkiye's gas terminals

Bulgaria on Jan. 3 gained access to Türkiye's terminals and gas transmission network under a long-term deal that will help the country replace supplies once provided by Russia.

Bulgaria's state gas company Bulgargaz and the Turkish gas transmission company Botas signed a 13-year deal that grants the Balkan neighbor access to Türkiye's terminals for liquefied natural gas.

Bulgaria signs deal to use Turkey’s gas terminals

Bulgaria on Tuesday gained access to Turkey's terminals and gas transmission network under a long-term deal that will help the country replace supplies once provided by Russia.

Bulgaria's state gas company Bulgargaz and the Turkish gas transmission company Botas signed a 13-year deal that grants the Balkan neighbor access to Turkey's terminals for liquefied natural gas.

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