Liquefied natural gas

Two months after it was moored in the Thracian Sea, the floating natural gas storage and regasification unit (FSRU), named Alexandroupolis, will on Friday receive its first liquefied natural gas (LNG) cargo.

The Energy and Water Regulatory Commission (EWRC) has approved a substantial 8.4% reduction in the price of natural gas for February, setting it at BGN 71.08 per megawatt-hour (MWh). This significant drop from January's approved price of BGN 77.60 MWh is poised to bring tangible benefits to Bulgarian consumers.

"Bulgartransgaz" and Turkey's gas transmission system operator, "Botas," have officially signed an Agreement for the interconnection of the Strandja - Malkoçlar point, marking a key milestone in fostering the diversification of natural gas sources.

Bulgargaz, the national gas company, projects a notable reduction in natural gas prices by nearly 6% for February. The company has submitted an application to the Bulgarian energy regulator outlining the expected change in pricing.

Five Greek and international environmental campaign agencies have launched legal action against a major natural gas project supported by the European Union as a regional alternative to Russian energy.

Oil futures continued trading near two-week highs after a surge triggered by escalating ship attacks in the Red Sea, prompting major shipping companies to divert routes and heightening concerns over global oil supply.

After undergoing a conversion into a floating storage regasification unit (FSRU), the GasLog tanker set sail on November 26 from Seatrium, Keppel's famous shipyard in Singapore and where most conversations from LNG tanker to FSRUs are carried out, and is expected to reach the port of Alexandroupoli on December 17.

Natural gas to become cheaper by nearly 8 percent in January next year and to be sold for about BGN 81 per megawatt hour without taxes and levies - this proposal was submitted by "Bulgargaz" to the energy regulator.

Greece's natural gas export potential will be quadrupled by the end of the decade, with new infrastructure projects such as the Alexandroupoli floating liquefied natural gas (LNG) terminal, an increase in the capacity of the Trans-Adriatic Pipeline (TAP) and the new Greece-North Macedonia pipeline that is entering the construction phase, Deputy Minister of Environment and Energy Alexandra Sdouk

A financial agreement for a $125 million loan to ONEX Elefsis Shipyard and Industries (ONEX) was signed by the US International Development Finance Corporation (DFC) Chief Executive Officer (CEO) Scott Nathan on Monday to rehabilitate and modernize the Elefsina shipyard near Athens.