Industrial gases

Cyprus' minister of energy, George Papanastasiou, has affirmed Nicosia's commitment to proceed with its plans for transporting natural gas from the region, both for domestic electricity generation and for liquefied natural gas (LNG) exports, despite geopolitical reactions.

The price of natural gas fell to a record low on the Dutch stock exchange, whose prices are a reference for trade in Europe, "Reuters" reported.

The price of June gas on the Amsterdam Exchange reached €24.90 per megawatt hour (MWh) in the morning - the lowest level since May 27, 2021.

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.

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.

The Energy and Water Regulatory Commission will consider Bulgargaz's report on the price of blue fuel in April. The proposal of the public supplier is in the amount of BGN 103 per megawatt hour. This is a price that is nearly 3% lower than the one approved for March, writes Nova TV.

However, the final decision will be made on April 1.

A source of renewable and storable energy, hydrogen is experiencing a breakthrough in the United States after years of sluggish growth as Biden administration climate policies spark major investments.

The natural gas discovered in the Black Sea will meet the consumption of households in Türkiye for 33 years, Energy and Natural Resources Minister Fatih Dönmez has said.

The production from the Black Sea field will reach its peak level in four years, which will help the country reduce its natural gas imports, he added.

Bulgaria on Jan. 3 gained access to Türkiye's terminals and gas transmission network under a long-term deal that will help the country replace supplies once provided by Russia.

Bulgaria's state gas company Bulgargaz and the Turkish gas transmission company Botas signed a 13-year deal that grants the Balkan neighbor access to Türkiye's terminals for liquefied natural gas.

Bulgaria on Tuesday gained access to Turkey's terminals and gas transmission network under a long-term deal that will help the country replace supplies once provided by Russia.

Bulgaria's state gas company Bulgargaz and the Turkish gas transmission company Botas signed a 13-year deal that grants the Balkan neighbor access to Turkey's terminals for liquefied natural gas.