Fuels
Germany raises gas alert level after Russia dwindles supply
Germany said yesterday it would raise the alert level under its emergency gas plan to secure supply following the recent reduction of pipeline supplies from Russia.
Moscow: Sofia's Refusal of the New Payment System leads to more Expensive Gas
"Bulgaria's refusal of the new gas payment system proposed by Russia will inevitably lead to higher prices for end-users". This was stated in an interview with TASS by Yuri Phillipson, director of the Fourth European Department of the Russian Foreign Ministry.
Countires reverting to coal
The Dutch have joined Germany and Austria in reverting to coal power following an energy crisis provoked by Russia's invasion of Ukraine.
The Netherlands said it would lift all restrictions on power stations fired by the fossil fuel, which were previously limited to just over a third of output.
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The Greece-Bulgaria Interconnection started Test Gas Supplies
The Greece-Bulgaria gas interconnection (IGB) has started test gas supplies, the project company ICGB AD told Trend news agency.
"We have started test deliveries with real quantities of natural gas, as planned. However, this is not the beginning of commercial exploitation," the ICGB said.
Russia made $98 Billion in Fuel Exports in 100 days of War in Ukraine
In the first 100 days of the war in Ukraine, Russia earned 93 billion euros ($98 billion) from fossil fuel exports, most of which were shipped to the European Union, according to a published study.
Bulgaria: What is the Price of Natural Gas for June
The Energy and Water Regulatory Commission approved the price of natural gas, as of June 1, 2022, in the amount of BGN 141.36 / MWh (excluding prices for access, transmission, excise and VAT). At this price, Bulgargaz will sell natural gas to the final suppliers of natural gas and to persons who have been issued a license for production and transmission of heat.
Works on ‘Turkey’s energy base’ continue
Turkey's mega energy project that has attracted the world's attention with its discovery of 540 billion cubic meters of natural gas in the Black Sea is ongoing.
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Natural Gas in Bulgaria will be Cheaper this Month
The price of natural gas in Bulgaria in June will be lower than in May.
This became clear after the Energy and Water Regulatory Commission (EWR) published the proposal of the state supplier Bulgargaz, proposing that the price of gas for June be BGN 141.28 / MWh.
For May, EWRC approved the price of natural gas of BGN 162.17 / MWh.
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What is the Name of the US Company that Supplies Bulgaria with Liquefied Gas Tankers?
A month ago Prime Minister Kiril Petkov, after a visit to the United States, announced that Bulgaria had bought two LNG tankers for about 200 million cubic meters of gas in total. They can cover our full consumption for June, with deliveries expected to arrive on June 8 and 23. The price is not known, but it is assumed that it may be below the market at the moment.
Dynagas: Energy solutions for Germany from Giorgos Prokopiou’s Dynagas
Two Floating Storage and Regasification Units (FSRU) for Liquefied Natural Gas (LNG) were chartered from George Prokopiou's Dynagas Ltd to the German Uniper, whose total capacity is equivalent to 30% of Russian gas imports to Germany.
With this move, Uniper comes to diversify and strengthen the security of gas supply in Germany, according to a statement from the German company.