Natural gas price will drop by more than 40% as of April 1, i.e by 17 BGN per megawatt compared to the previous quarter. This became clear on March 26 after a public discussion at Bulgaria's energy regulator. The meeting discussed the proposed by Bulgargas new price of gas for the second quarter of the year.
Ivan Ivanov, chair of the Energy and Water Regulatory Commission stated that without amendments to the law there is no way money can be refunded to consumers as a result of the reduction in natural gas prices. He added that such a decision with retroactive effect would be annulled in court, BNR reported.
Turkey has procured its third drilling vessel form the U.K. which is set to arrive in Turkey in a few weeks, Energy and Natural Resources Minister Fatih Dönmez has said.
Turkey will continue to work unabated in the eastern Mediterranean Sea, he said on Feb. 24 at an energy and natural resources summit.
Speaking on Thursday to the chief executive officer of Public Gas Corporation (DEPA), Konstantinos Xifaras, US Ambassador in Athens Geoffrey Pyatt expressed Washington's warm support for the project of the Floating Storage Regasification Unit (FSRU) off Alexandroupoli in northeastern Greece, as it assists the US in its strategy for the diversification of Europe's energy sources.
Romania's national natural gas transmission system (SNT) was in a pre-alert state on Friday morning, according to the indicator that shows the actual volume of gas in the transmission pipelines, according to data posted by Transgaz, the SNT operator.