Fuels

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.

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.

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 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).

Russian gas exports to Turkey, Greece and seven other Southeast European nations fell by more than a quarter in the first half of 2019 as cheaper liquefied natural gas (LNG) and new Azeri supplies helped the region reduce reliance on Russia.

The European Commission is examining the possibility of turning Western Macedonia in northern Greece into an electrical energy storage center for the Balkans, in cooperation with the World Bank and companies that are seeking opportunities for the commercial development of unfledged or pilot technologies for energy storage.

Bucharest, Aug 25 /Agerpres/ - Lignite consumption in the European Union has halved in recent decades, reaching 370 million tonnes in 2018 from about 700 million tonnes in 1990, Eurostat figures show on Friday.

The Indonesian Ministry of Commerce has threatened to impose higher tariffs on EU dairy products in response to the proposed measure by the bloc on palm oil biodiesel, the BTA quoted France as saying.

The warning could exacerbate the trade dispute between the EU and Indonesia, which is the world's largest producer of palm oil. The EU plans to reduce palm oil-based biofuels by 2030.

Private Greek industrial group Mytilineos has overtaken incumbent DEPA to become the country's biggest LNG importer this year, the first time in history that an independent company has knocked the state-owned company from the top spot, ICIS an information platform on petrochemicals and specifically on energy issues, fertilisers and other commodities said in a report.

Greece's coastal shipping fleet is old and environmentally unsound, and needs to be replaced with the assistance of local and European Union authorities, XRTC Business Consultants says in its latest report on the sector.