Imports of liquefied natural gas (LNG) are hampered by the decision of the Regulatory Authority for Energy over the pricing of the natural gas network, reversing the strategic advantages of the Revythousa terminal for the broader region and depriving Greek enterprises of a relatively cheap source of energy.
The international forum "Unlocking the Business Potential of Eastern European Gas Markets - Competition, Alternatives, Markets, Projects, Security through Diversification" will begin today in Sofia.
The organizers are the Institute for Energy Research in Washington and the Center for Balkan and Black Sea Studies.
Greek energy firm Energean has made a vast discovery of 28-42 billion cubic meters of natural gas in the North Karish field off Israel's northwest coast, the company said on Monday.
The discovery is located not far from the company's floating production storage and offloading (FPSO) unit, which aims for a total export capacity of 8 billion cubic meters per year.