Natural gas storage

The gas storage facility under Lake Tuz in Central Anatolia will become fully operational by 2019, according to sources from the Energy Ministry. 

Some 65 percent of the construction activities have already been completed and the first part of the project, which is composed of six storage units, will be opened by 2017, according to officials. 

State-owned Bulgarian Energy Holding (BEH) has been charged with breaching EU anti-trust rules, the European Commission said on Monday.

In a statement to the media it accused the BEH of barring competitors' access to elements of Bulgaria's gas infrastructure.

Energy Minister Yiannis Maniatis in Tuesday announced state sell-off fund TAIPED’s proclamation of a tender for the creation of a natural gas storage facility at the South Kavala reserve in eastern Macedonia.

The expansion of Bulgaria's Chiren underground gas depot will cost around EUR 200 M, according to Kiril Temelkov, CEO of state-owned gas transmission operator Bulgartransgaz.

A total of 4.88 billion cubic meters of gas was injected in European underground gas depots in the first three weeks of September, according to data of the Association of the European operators of underground gas storages (GSE).

Hungary "willing to help Serbia with gas storage"

BUDAPEST -- Hungary is willing to help Serbia secure the energy it needs and store natural gas for it, Serbia's Energy Minister Aleksandar Antić said on Tuesday.

BUDAPEST - Hungary is willing to help Serbia secure the energy it needs and store natural gas for it, Serbia's Energy Minister Aleksandar Antic said on Tuesday.

The World Bank has announced $400 million of additional financing for the first gas storage facility in Turkey’s underground salt formation.

Bulgaria's state-owned gas supplier Bulgargaz has warned that a gas price cut will put it into a difficult financial situation.

Alexander Petrov, head of a department of Bulgargaz, presented the opinion of the company on the gas price cut proposal of the State Commission for Energy and Water Regulation (DKEVR) at an open sitting of DKEVR on gas prices as of July 1, 2014.

The Turkish Petroleum Corporation (TPAO) has allocated a budget of $1.2 billion for increasing its send-out capacity of natural gas storage in Silivri in a move to solve the country’s long-lasting storage problem in the sector.