Liquefied natural gas

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 number of new liquefied natural gas-powered vessels will almost double around the globe this year, as the deadline for slashing the sulfur content of bunker fuel is fast approaching, but their further increase to significant figures greatly depends on the improvement of infrastructure, a senior market monitoring official tells Kathimerini English Edition.

Kathimerini reports that stakeholders in the Aphrodite gas field have agreed to commit natural gas from Cyprus' Block 12 to Egypt's LNG facilities from where it will be exported to international markets. A few legal details remain and are expected to be clarified within days.

The topic of liquefied natural gas is important for Bulgaria and the region. Our country is still dependent on a gas supplier and so our efforts are for Bulgaria to become independent in terms of supply, said Temenujka Petkova.

Public Gas Corporation (DEPA) has sold natural gas to Bulgaria at a price 10 percent below the Bulgarian regulated rate and 16 percent below the rate offered to its major clients in Greece, thereby subsidizing industry in the neighboring country.

Turkey's monthly LNG imports reached a historic record high at 2.34 billion cubic meters (bcm) in January 2019, according to Turkey's Energy Market Regulatory Authority's (EMRA) data.       

Athens-based company Probunkers is inviting stakeholders to make proposals for the design of its liquefied natural gas bunkering vessels (LNGBVs) for the offshore refueling of other vessels.
With the rapid expansion of LNG as a marine fuel, Probunkers is turning into a world-class investment opportunity, by building a reliable global-scale LNG bunkering network.

Athens-based company Probunkers is inviting stakeholders to make proposals for the design of its liquefied natural gas bunkering vessels (LNGBVs) for the offshore refueling of other vessels.
With the rapid expansion of LNG as a marine fuel, Probunkers is turning into a world-class investment opportunity, by building a reliable global-scale LNG bunkering network.

Total is committed to continuing its exploration work in Cyprus, Chief Executive Patrick Pouyanne told Reuters on Monday, part of a major exploration campaign for 2019 focused on areas known to contain commercial levels of oil and gas.

A new cold weather front expected to sweep in on Saturday is likely to put additional pressure on the country's already stretched natural gas and electricity systems.