Natural gas storage
Bulgarian Energy Holding Fined EUR 77 Million for Blocking Gas Rivals
State-owned Bulgarian Energy Holding (BEH) was fined 77 million euros ($87.3 million) by EU antitrust regulators on Monday for blocking rivals' access to key gas infrastructure in Bulgaria over a five-year period to 2015, reports Reuters.
World Bank, AIIB Allocate $1.2B Loan to Turkey for Natural Gas Storage Facility
Turkey's ever-growing energy industry continues to draw investments from international institutions. The World Bank and Asian Infrastructure Investment Bank (AIIB) have provided a $1.2 billion loan for the capacity expansion project of Lake Tuz underground natural gas storage facility, the Energy and Natural Resources Minister Berat Albayrak announced yesterday at a ceremony in Ankara.
Turkey to have 11 bln cubic meters of gas storage by 2023: Minister
Turkey will increase its annual natural gas storage capacity to 11 billion cubic meters (bcm) by 2023, Energy and Natural Resources Minister Berat Albayrak said on July 10 in Istanbul.
Turkey's giant gas storage facility opens
Turkey's Tuz Lake gas storage facility, which is expected to increase capacity from 1.2 billion cubic meters (bcm) to as much as 5 bcm per year, was opened in an official ceremony on Feb. 10 in the Central Anatolian province of Aksaray.
- Read more about Turkey's giant gas storage facility opens
- Log in to post comments
Turkish gas suppliers 'struggling to meet soaring winter demand'
Turkey's daily natural gas consumption has risen to more than 200 million cubic meters due to increased household demand stemming from cold weather and is thus outstripping supply, energy industry sources said Dec. 22.
Consortium including Tekfen signs 2.4 bln-euro deals for gas storage facility in southern Turkey
A consortium that includes Turkey's Tekfen has signed two contracts worth 2.4 billion euros to construct an underground natural gas storage facility in the southern province of Mersin, the company said in a written statement Sept. 30.
The group said three of its subsidiaries, Tekfen Construction, Tesisat A.Ş. and HMB, created a consortium along with France's Entrepose Contraction.
Turkey vows to invest heavily in infrastructure to thwart recurrence of blackouts
Poor infrastructure is to blame for recent electricity cuts across Turkey, Energy Minister Berat Albayrak has said, noting that the government would modernize over 85 percent of the infrastructure for 18 billion Turkish Liras.
The minister said the outmoded and inefficient physical infrastructure had played a huge role in triggering power cuts across Turkey, according to sources.
Turkey to raise gas storage capacity by 4 bcm: Minister
Turkey is planning to increase its annual natural gas storage capacity by four billion cubic meters (bcm) through a Turkish and foreign partnership, Turkish Economy Minister Nihat Zeybekci said on Oct. 15.
"Serbia has sufficient natural gas supplies"
Serbia will have enough gas even if deliveries via Ukraine are cut, Tanjug said it learned from the country's public gas enterprise Srbijagas.
Today, the underground gas storage (UGS) facility in Banatski Dvor contains 381 million cubic meters of gas, 141 million owned by Srbijagas, and around 240 million cubic meters owned by the Russian partner Gazprom Export, Srbijagas noted.
- Read more about "Serbia has sufficient natural gas supplies"
- Log in to post comments
Serbia To Expand Gas Storage Capacities
Serbian Prime Minister Aleksandar Vucic on Monday said Serbia will try to expand the capacity of Banatski Dvor, its only gas storage, from 450 million to one billion cubic meters, to increase energy security.
- Read more about Serbia To Expand Gas Storage Capacities
- Log in to post comments