Natural gas

Public Power Corporation (PPC) has just launched its double-play offerings to domestic and professional customers, penetrating the natural gas market for their first time.

Public Power Corporation is launching a counterattack in the retail market, expanding its activity to the provision of natural gas too.

Eni is not concerned about escalating tensions between Cyprus and Turkey over the question of offshore drilling and would seek to stay clear of any conflict, the Italian oil and gas group's Chief Executive said on Thursday.

The imposition of new environmental regulations for the consumption of low-sulfur fuel by oceangoing vessels has seen the liquefied natural gas (LNG) market take center stage in global shipping, with Greek shippers recently overtaking the Japanese as the top owners, after ordering a large number of vessels since 2018, according to a VesselsValue report published on Wednesday.

Romania's industrial production prices overall (domestic market and foreign market) were down 0.3 percent in August 2019 compared to July 2019, but they increased by 3.3 percent against August 2018, showed the data published on Wednesday by the National Institute of Statistics (INS).

The approved price for the fourth quarter is BGN 44.85 per MWh.

The new heating season will start without changes in the prices of steam, hot water and electricity. They remain unchanged, despite a 0.11% decrease in the price of natural gas for the fourth quarter of 2019, the Energy and Water Regulatory Commission (EWRC) reported.

SNTGN Transgaz SA inaugurated, on Monday, the Jupa Natural Gas Compression Station, which is part of the BRHA project, the Ministry of Economy informs. The value of the execution contract at August 31, without maintenance, for the Jupa STC is of 103.56 million lei. The value of the two compression units installed at the Jupa STC is of 12.6 million euro.

Work on the construction of the Turkish Stream is officially underway today after the agreement between the state gas operator Bulgartransgaz and the Saudi-based Arcad Consortium was signed yesterday.

The new pipeline is expected to become one of the main routes for the transmission of Russian gas to Europe as Russia plans to suspend transit through Ukraine next year.

Romania is the largest natural gas producer in Easter Europe, with an average natural gas production in recent years of about 11 billion cubic meters, the Oil and Gas Employers' Federation (FPPG) stated. "Today, 13 September, we are celebrating the Day of the Romanian Gas Worker.

Russian gas exports to Turkey, Greece and seven other Southeast European nations fell by more than a quarter in the first half of 2019 as cheaper liquefied natural gas (LNG) and new Azeri supplies helped the region reduce reliance on Russia.