Three joint ventures have been selected by Cyprus in the first stage of a tender to provide a floating storage and regasification unit (FSRU) to import liquefied natural gas (LNG).
The first joint venture is led by China Petroleum Pipeline Engineering, Natural Gas Public Company of Cyprus (DEFA) said on its website.
Israel-focused gas driller Energean said on Thursday it will buy Italian energy group Edison's oil and natural gas unit for an initial consideration of $750 million.
The acquisition would significantly expand Energean's operations in the growing eastern Mediterranean gas hub, with a significant presence in Egypt's offshore basin.
Less than a year after it was upgraded with a third tank, the gas terminal on the island of Revythousa is confirming its strategic role as a feeder of the broader Balkan market, as on August 31 it will receive the first liquefied natural gas load destined for Bulgaria that is procured directly by a Bulgarian company.
Later tonight, a tanker to supply gas from the United States will arrive, the Energy Minister said, quoted by NOVA TV.
Bulgaria has negotiated a new 140 million cubic meters of gas other than Russian supplies of blue fuel. This was announced by Minister of Energy Temenuzhka Petkova at an extraordinary briefing.
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.