Fuels

"Bulgargaz" suggests the price of natural gas to become BGN 80.28 / MWh from October 1. For September, the price approved by the regulator is BGN 69.40 / MWh. However, the company says that the price of blue fuel is expected to be about 20% lower than the average price on European gas exchanges.

A recently discovered natural gas field in the Black Sea is set to provide nearly a third of Turkey's domestic needs when it reaches peak production capacity by 2027, Energy Minister Fatih Dönmez has told Bloomberg.

Turkey may be able to start with an initial annual production capacity of 3.5 billion cubic meters of gas in 2023, Dönmez said in the interview published on Sept. 27.

The UK has suspended the operation of competition laws in the oil sector to allow fuel suppliers to share information and coordinate their response to fuel shortages.

With the aim of transforming its productive activities and the large-scale production of green fuels, low carbon footprint, the Hellenic Petroleum Group is updating its strategic plan and is examining the investment projects it will implement.

The unprecedented jump in natural gas prices will force more British energy suppliers out of business and the industry needs to prepare for prolonged pain, energy officials and the business minister said on Wednesday.

The world is in a state of "gas war", sharp rises in industrial electricity prices are expected, and the situation will not improve soon.

This was said by the energy expert Vasko Nachev in tv interview on Bloomberg TV Bulgaria.

The European Commission wants a clear plan from Bulgaria to close its coal-fired power plants and ensure that European funding for the regions does not go only to the capital, Sofia. These are the two conditions set by Brussels for consideration of the Bulgarian Recovery Plan and the Partnership Agreement for the 2021-2027 period.

Turkey is on its way to becoming a key hub for LNG supplies with cooperation from Turkey's largest public institution in the areas of energy, trade, transportation and storage, BOTAŞ, along with Arkas Bunkering and Sumitomo Corporation, according to Turkey's BOTAŞ on Sept. 8. 

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Turkey's liquefied natural gas (LNG) import dropped 41.3 percent in the first half of the year compared to the same period of 2020, as LNG prices hit record-high levels on international markets.

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Nigeria's LNG carrier, LNG Abuja II, reached Turkey on Aug. 23, according to the latest ship tracking data.

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The vessel, which has a capacity of 170,000 cubic meters, left Nigeria's port of Bonny on Aug. 9 and arrived at its final destination, the Marmara Ereğlisi LNG Terminal on Aug. 23 at 03.41 local time.