Natural gas

European countries continue to draw blue fuel from underground natural gas (GNG) storages at minimal rates, and wind power generation in the region exceeds 30% of the total, reaching one of the highest levels since 2022, data from Gas Infrastructure Europe shows and the European Wind Energy Association.

The natural gas discovered in the Black Sea will meet the consumption of households in Türkiye for 33 years, Energy and Natural Resources Minister Fatih Dönmez has said.

The production from the Black Sea field will reach its peak level in four years, which will help the country reduce its natural gas imports, he added.

Households and businesses flipped their electricity and gas switches in 2022 to cope with high prices.

Official data from the Independent Power Transmission Operator (ADMIE) and the Natural Gas System Operator (DESFA) for the January-November period showed a plunge in demand for electricity by 25.07% and natural gas by 17.8%.

The natural gas deal with Bulgaria is a step forward in Türkiye's efforts to become an energy hub, Energy Minister Fatih Dönmez has said.

"With this agreement, natural gas could be transmitted not only to Bulgaria but other countries via Bulgaria," Dönmez added.

One or more Greek suppliers of the Greek national natural gas transmission system to register as users of the Bulgarian transmission system, and one or more Bulgarian suppliers to reserve slots and storage capacity, as well as regasification capacity in Greece - this is provided by a memorandum of understanding between the energy ministries of the two countries, approved by the caretaker govern

Natural gas in Europe continues to fall in price at the start of the new year, falling below €70 per megawatt-hour (MWh) for the first time since the beginning of the military invasion of Ukraine, which Russia launched on February 24, 2022.

Bulgaria on Jan. 3 gained access to Türkiye's terminals and gas transmission network under a long-term deal that will help the country replace supplies once provided by Russia.

Bulgaria's state gas company Bulgargaz and the Turkish gas transmission company Botas signed a 13-year deal that grants the Balkan neighbor access to Türkiye's terminals for liquefied natural gas.

Bulgaria on Tuesday gained access to Turkey's terminals and gas transmission network under a long-term deal that will help the country replace supplies once provided by Russia.

Bulgaria's state gas company Bulgargaz and the Turkish gas transmission company Botas signed a 13-year deal that grants the Balkan neighbor access to Turkey's terminals for liquefied natural gas.

Bulgaria: Increase in Price of Gas for January, a Jump of 22.7% compared to December

Prices of natural gas used in electricity production have been reduced, while gas prices for households have been kept unchanged for January.

The Petroleum Pipeline Corporation (Botaş) announced that the price of gas used was cut by 12.75 percent to 18,000 Turkish Liras/1,000 cubic meters.

The price of natural gas households consume was kept at 4,080 liras/1,000 cubic meters.