Natural gas in the United States

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.

Türkiye's natural gas import declined by 39.2 percent in June from a year ago to 2.33 billion cubic meters, the Energy Market Regulatory Authority (EPDK) has informed.

LNG imports fell 18 percent to 462 million cubic meters, while imports via pipelines were down 43 percent to 1.87 billion cubic meters.

"Bulgaria's refusal of the new gas payment system proposed by Russia will inevitably lead to higher prices for end-users". This was stated in an interview with TASS by Yuri Phillipson, director of the Fourth European Department of the Russian Foreign Ministry.

The share of natural gas in Turkey's electricity generation grew by 21 percent last year compared to 2019, as increasing drought hindered the production capacity of the country's hydropower plants, according to a recent report by the Electricity Generators Association of Turkey.

This amalgamation of factors has put great pressure on the 35 per cent of the electricity mix of Romania that relies on hydrocarbons - coal plus gas.

Against the backdrop of the cost problems facing Romanian coal production, the risk of a tumultuous and disordered energy transition is increasing.

Russia is setting records in gas pipeline exports despite United States pressure on Europe to reduce imports, and aims to become the world's leading liquefied gas exporter in the next decade thanks to technology it is developing at home.