Natural gas

The combined investment of natural gas distribution companies amounted to 17 billion Turkish Liras ($527 million) last year, according to a report by the Association of Natural Gas Distributors of Türkiye (GAZBİR).

Karpowership has announced that it signed a memorandum of intent (MoI) with Brazil's Petrobras to combine their respective expertise in the natural gas and power sectors.

Italgas sees prospects for significant development of the Greek natural gas market, after fully controlling the Greek medium and low pressure network since September 2022, with the completion of the acquisition of DEPA Infrastructure.

Wind and solar power are supplying energy to Türkiye's large and crucial Silivri and Lake Tuz natural gas storage facilities.

The Silivri natural gas facility has a 4.2 megawatts wind power plant, which provides all the electricity the facility consumes, according to a statement by the Energy and Natural Resources Ministry.

The cheap Russian natural gas that enters Greece from Sidirokastro, in Central Macedonia, through the TurkStream pipeline, put liquefied natural gas loads off the market in April.

Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova, head of the company's pricing department, the expected reduction could range between 5 to 6% compared to the current rate, currently set at BGN 58.84 per MWh (excluding access, transmission, excise, and VAT).

Türkiye is in talks with U.S. energy company ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas (LNG), Energy Minister Alparslan Bayraktar has told the Financial Times.

Türkiye is seeking to build a "new supply portfolio" that will make it less reliant on any single partner, the minister told in an interview with the newspaper.

Author: Vitalie Platon

The divorce of Helleniq Energy and Edison after 15 years of their joint venture in the field of the electricity market is now taken for granted.

Natural gas prices have seen a steady decline in recent months, largely attributed to an oversupply of the blue fuel following a milder-than-anticipated winter season worldwide.