Natural gas

While fossil-generated gas accounts for only 20 percent of Europe's electricity, gas-fired power plants are increasing the price of electricity, thanks to higher demand, low renewable energy supplies and the global increase in coal prices.

The market test phase for the project of FSRU (Floating Storage and Regasification Unit), of DIORIGA GAS A.E., of the Motor Oil group, begins.

Turkey is in a good position in terms of energy supplies compared to European countries amid the energy crisis that has exposed low stocks and skyrocketing energy prices, according to Turkey's Minister of Energy and Natural Resources Fatih Dönmez on Oct. 13.

Ljubljana – Petrol, Slovenia’s largest energy company, will significantly increase the prices of electricity and natural gas on 1 December. The price of electricity is expected to rise by around 30% and of natural gas by 12%, with Petrol citing higher energy prices on international markets as the reason.

Thanks to recent investments in natural gas and electricity infrastructure, Turkey will not face any energy shortage in winter, Energy and Natural Resources Minister Fatih Dönmez has said.

Gazprom has initiated natural gas supplies to Hungary and Croatia over the new route using the TurkStream gas pipeline, the Russian gas holding said on Friday.

"Bulgargaz" asked the Energy and Water Regulatory Commission to increase the price of gas for October by a shocking 36.2% compared to the previous month. This is extremely surprising, because the previous request was for a jump of "barely" 16%. The nominal expression of the requested increase means that a megawatt-hour will cost a little over BGN 94.

The price of November futures in the Dutch gas hub TTF jumped to 100 euros per MWh at the opening of this morning, or to 1,199.44 dollars for 1,000 cubic meters, but later dropped by 1.7 percent to about 1,150 dollars, reports TASS.

The gas price in Europe yet again break historic record during the September 30 trading session and rose over $1100 per 1,000 cubic meters, according to the ICE data on Thursday morning.

Russia's state-controlled energy giant Gazprom signed a new 15-year natural gas supply deal with Hungary in a move sharply criticized by Ukraine, the company announced on Sept. 27.