Fuels

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.

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.

The natural gas deal with Bulgaria is a step forward in Türkiye's efforts to become an energy hub, Energy Minister Fatih Dönmez has said.

"With this agreement, natural gas could be transmitted not only to Bulgaria but other countries via Bulgaria," Dönmez added.

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

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 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 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.

Bulgaria: Increase in Price of Gas for January, a Jump of 22.7% compared to December

President of Serbia, Aleksandar Vui, and the President of the European Commission, Ursula von der Leyen, visited the works on the construction of the Serbia-Bulgaria gas interconnector.

The French Energy Minister accused US producers of selling liquefied natural gas at four times the price of European companies