Fuels

Mary B. Warlick (M), Deputy Executive Director International Energy Agency, and Ivan Krastev (R), Permanent Fellow at the IWM, at a panel discussion at the "Time to Decide Europe Summit", in Vienna, Austria, on 16 May 2023. Photo: ERSTE Foundation

The European Union opened a scheme this week for companies to jointly buy gas, aiming to secure supplies ahead of winter and avoid a repeat of last year's record-high energy prices.

As Europe begins to recover from the shock of the energy crisis and concerns about gas shortages following Russia's invasion of Ukraine, investors are reassessing the prospect of investing in liquefied natural gas terminals.

The financial cost of U.K. aviation cutting carbon emissions will push up ticket prices, slowing passenger demand growth, an industry body has forecast.

Sustainable Aviation predicted in a report that this slowdown will correspond to a "reduction in projected aviation activity of 14.3 percent in 2050" from earlier forecasts.

The G7 pledged on Sunday to quit fossil fuels faster and urged other countries to follow suit, but failed to agree to any new deadlines on ending polluting power sources like coal.

Türkiye has delivered first cargo of natural gas to Bulgaria as part of a deal the two countries signed in January this year, The Turkish Petroleum Pipeline Company (Botaş) has announced.

Bulgarian Energy Minister Rossen Hristov attended ceremony at the Marmara Ereglisi LNG Terminal in Türkiye's northwestern Tekirdağ province, marking the shipment of gas.

"At the end of the month in Sofia (April 25-26), a large-scale agreement is expected to be signed between several countries, including Azerbaijan, Turkey, Bulgaria, Romania, Hungary, Slovakia, on the expansion of the gas infrastructure.

India has extended restrictions on the export of diesel and gasoline, the government said in a notification, as New Delhi tries to ensure the availability of refined fuels for the domestic market.

The government had imposed the curbs on gasoline and gasoil exports through the end of the financial year.

BELGRADE - Serbian PM Ana Brnabic said on Friday that, after the completion of a gas pipeline to Bulgaria in October, Serbia would focus on building a gas pipeline to North Macedonia as well in order to connect with Greece and LNG terminals there.

A new report by Global Energy Monitor and Bankwatch Network says Western Balkan countries will face difficulties in their plans for energy transition.