Liquefied natural gas

Greece is gradually putting in place a liquefied natural gas distribution network capable of meeting the needs of households, small businesses, and industries, as well as heavy vehicles and trucks with LNG.

The opening of the LNG - Truck Loading Station at the liquefied gas storage facilities in Revythoussa is just the beginning.

"We can say that the gas crisis is behind us". This was commented on Nova TV by the acting minister of economy and industry Nikola Stoyanov. He added that in the next 12-14 months Bulgaria is secured. The prices are clear, and the business can run smoothly.

Türkiye should not face any natural gas problems this winter if suppliers stick to their delivery schedules, Energy and Natural Resources Minister Fahrettin Dönmez has said.

As winter nears, European nations, desperate to replace the natural gas they once bought from Russia, have embraced a short-term fix: A series of roughly 20 floating terminals that would receive liquefied natural gas from other countries and convert it into heating fuel.

President Rumen Radev described as shocking the price of natural gas for September after returning from an official visit to the UAE. Yesterday, the Commission for Energy and Water Regulation (EWRC) decided that it would rise the price by nearly 19% compared to August and make it BGN 353.21/Mwh.

The stock price of gas on the ICE Futures site has fallen almost 20% so far, according to trading data. The price of September futures at the TTF hub in the Netherlands, which determines the pricing of the continent, as of 12:30 p.m. fell by 18.7%, reaching €275.8 for 1 MWh, or 83.83 per thousand cubic meters.

The caretaker government does not intend to negotiate a new short-term, medium-term or long-term contract with Gazprom, but only to obtain quantities under the existing contract.

Bulgaria has received several offers for the supply of natural gas, which do not require the country to look for a slot for its unloading, as this is provided by the trader. There is also an offer for direct delivery. Thus, the caretaker government will have no commitment to look for a natural gas unloading terminal.

"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 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.