Natural gas

Bulgartransgaz EAD has set up its subsidiary Gas Hub Balkan EAD in connection with the initiative for the construction of a gas distribution hub in Bulgaria. In a press release, the company said the creation of the subsidiary was pursuant to the decision by the Council of Ministers and the Parliament to amend Bulgaria's 2020 energy strategy.

Greece's natural gas network is facing a crisis stemming from the lack of coordination and communication between the competent authorities, at a time when it has to meet record demand for power production and gas supply for heating due to the prolonged cold weather.

A new cold weather front expected to sweep in on Saturday is likely to put additional pressure on the country's already stretched natural gas and electricity systems.

Rise in price is expected not only for the bread price this year, but also for all goods and services. This forecast made for Darik the chairman of the National Branch Union of Bakers and Confectioners Mariana Kukusheva. Among the reasons for this are the higher costs of the business being fuels, natural gas, electricity and wages.

Energy authorities have been in emergency mode over the last few days to ensure a sufficient supply of electricity and natural gas to Greece, as a prolonged cold spell has shot demand up to record levels and the gas network is operating without reserves, despite the operation of the new depot on Revithoussa island.

Turkey's natural gas consumption decreased year-on-year by 6 percent to around 50 billion cubic meters in 2018, according to official figures from Turkish Petroleum Pipeline Corporation (BOTAŞ) on Jan. 11.

Turkey's daily natural gas consumption reached a historic record high at 245 million cubic meters on Jan. 8, the energy minister said on Jan. 9.

The Energy and Water Regulatory Commission decides on the next year's water price, reported the Bulgarian National Television.

An increase is expected in 27 regions across the country.

US energy giant ExxonMobil is set to start looking for natural gas reserves off the coast of western Crete and is optimistic of "future discoveries," the company's vice president of Exploration for Europe, Russia and the Caspian has said.

PIMK Ltd., one of the leading transport companies in Eastern Europe, has increased its sustainability credentials with the purchase of 50 new IVECO STRALIS NP 400HP trucks running on Compressed Natural Gas (CNG) to provide green logistics services to its partners.

London, December 20, 2018