Fuels
New methane binding process could end insanely wasteful burn-offs
Oil industry flare-off burning of “waste” methane currently burns as much natural gas as all of South and Central America combined
Acting Bulgarian PM: We are Announcing a Tender for Supplies of Liquefied Gas
"We will prepare a plan to stabilize Bulgargaz. In order for the company to be able to pay the actual contracted quantities of gas". This was stated by acting Prime Minister Galab Donev.
Russian Exporters of Liquefied Gas will deliver to Bulgaria via Georgia
Russian exporters will begin shipping liquefied petroleum gas (LPG or propane-butane) to Bulgaria via the Black Sea port of Poti in Georgia as traditional export routes remain closed, Reuters reports.
Gas Prices may Remain High for another Two Years
The European Union is facing a serious natural gas supply crisis, with high prices likely to persist for another two years or so. This opinion was expressed by Bloomberg columnist Javier Blas, who deals with economic issues and the world energy situation.
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Bulgaria: How to get the 25 cents Discount at Gas Stations
Each gas station will decide for itself whether to grant the discount of 25 cents per liter of A95 gasoline, diesel, natural gas (methane) or propane-butane (liquefied petroleum gas LPG). This is stipulated in the law, which comes into force after midnight on Saturday - 07.09.
Medvedev affected their stock market shares
Mitsui and Mitsubishi are shareholders in the Sakhalin-2 liquefied natural gas (LPG) project.
Shares of Mitsui fell by 5.7 percent and of Mitsubishi by 5.4 percent respectively, by the midday break in today's trading on the Tokyo Stock Exchange, reports Reuters.
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IEA: Gas Consumption will Shrink because of Russia
Gas consumption will contract slightly this year due to high prices and reduced volumes of Russian gas to Europe, and will see only slow growth in the coming years as consumers switch to alternative energy sources.
In its latest quarterly report on gas markets, the International Energy Agency (IEA) cut its forecast for global gas demand in half.
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Bulgaria: Petrol and Diesel Prices are still Rising
The price of A95 gasoline at the main gas stations in Sofia reaches from BGN 3.35 (EUR 1.71) to BGN 3.43 (EUR 1.75) per liter, and diesel - from BGN 3.50 to BGN 3.58.
For comparison, about two weeks ago, the cheapest price for a liter of A95 gasoline was BGN 3.32, and for diesel - BGN 3.43.
Bulgaria: Since when will 25 Cents be Deducted from the Price of Fuel
The discount of 25 cents for fuel was accepted by the National Assembly. However, what does it mean for the operation of gas stations, commented Georgi Tenev, a lawyer at the Association of Fuel Dealers in Bulgaria.
France rethinks coal power station closure
France has become the latest country to reconsider its energy options because of the war in Ukraine, announcing on June 26 it was looking into reopening a recently closed coal-fired power station.
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